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Charleston Gazette Mail, September 27, 2016 | Go to article overview

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Today

Feeling confident? The Conference Board releases today its latest monthly snapshot of U.S. consumers confidence in the economy. The index climbed in August to 101.1, the highest level in 11 months. The gain reflected consumers brighter views about the current economic situation and their expectations for the future. Steady job growth, stock market gains and rising home values in recent months have helped boost consumers view of the economy.

Spotlight on Nike Wall Street anticipates that Nike got off to an uneven start in its fiscal first quarter. Financial analysts expect the athletic apparel maker will report today that its earnings declined in the June-August quarter compared with the same period last year, even as revenue increased. Beyond earnings, investors will be listening for an update on how product orders are shaping up in the current quarter.

Home price tracker Strong sales and a limited supply of available properties have helped drive a steady rise in home prices. The Standard & Poors/Core- Logic Case-Shiller home price index, which tracks the value of homes in 20 major U.S. metropolitan areas, rose 5.1 percent in June from a year earlier. Economists expect that the July reading, which is due out today, will show a 5.2 percent gain in home prices versus the same month in 2015.

Ulta: A beauty standout Ulta is on a hot streak. Its one-stop strategy of selling different kinds of beauty products and offering salon services under one roof has won over customers. The beauty retailer has more than tripled its number of stores to about 900 and more than quadrupled annual sales to $3.9 billion since early 2008, even amid competition from drugstores, discounters and online leader Amazon.com. And under CEO Mary Dillon, who assumed the helm in 2013, Ulta Salon, Cosmetics & Fragrance aims to keep the momentum going. …

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