As discounting shows little sign of abating, it's the stores with on-trend merchandise that will emerge as the season's winners.» Read More
NEW YORK, April 6- Companies across America are blaming the brutal winter for weak first-quarter results, but investors are expecting a quick rebound in the second quarter and will likely judge harshly companies that are less optimistic about a recovery.
March 19- Apparel maker Guess Inc forecast a surprise loss for the current quarter, citing weak traffic at its stores in North America and pressure in its wholesale business in Europe.
*Sees 1st- quarter earnings $0.12- $0.18/ shr vs est $0.41/ shr. March 12- Express Inc forecast profit to slide by more than half in the current quarter, making it the latest U.S. apparel retailer to warn of an ongoing impact from deep discounts and declines in store traffic.
In the past two days, U.S. apparel retailers, American Eagle Outfitters and Urban Outfitters Inc have warned that results in the current quarter would be hurt by stiff competition and choppy sales trends at malls.
*Men's Wearhouse to acquire Jos. A. Bank Clothiers. Shares of retailers American Eagle and Urban Outfitters fell sharply after disappointing outlooks. They're just taking some money off the table, "said Frank Lesh, futures analyst and broker at FuturePath Trading LLC in Chicago.
*J.C. Penney jumps after Citi upgrade. *Copper prices fall to lowest since July 2010. "When you get a slow data week, markets tend to get a little jittery and slow," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.
Some of Tuesday's midday movers:
*Says expects 1st- qtr earnings/share $0.00 vs est $0.13. March 11- Teen apparel retailer American Eagle Outfitters Inc forecast current-quarter earnings below analysts' estimates as it struggles to attract shoppers amid intense competition from "fast fashion" chains.
*J.C. Penney jumps after Citi upgrade. *Urban Outfitters tumbles after warning. NEW YORK, March 11- U.S. stocks were little changed on Tuesday as investors found few reasons to push the S&P 500 above its recent record high, as tensions in Ukraine continued.
A high-frequency trader going public has its skeptics, but there are at least a few reasons why the top for that industry isn't near yet.
*Says expects 1st- quarter earnings/share $0.00 vs est $0.13. March 11- Teen apparel retailer American Eagle Outfitters Inc forecast earnings for the current quarter that fell short of analysts' expectations, saying a severe winter had hurt demand.
*J.C. Penney jumps after Citi upgrade. *Myriad Genetics falls after court motion denied. NEW YORK, March 11- U.S. stocks were set for a flat open on Tuesday after a slight decline in the prior session left the S&P 500 within striking distance of its recent record high and amid investor caution as tensions in Ukraine continued.
U.S. stock index futures pointed to a flat open on Tuesday, with stocks in Asia and Europe rebounding.
March 11- Teen apparel retailer American Eagle Outfitters Inc forecast earnings for the current quarter that fell short of analysts' expectations, saying a severe winter had hurt demand. The company's shares fell 6 percent to $13.35 in premarket trading. Analysts on average were expecting a profit of 13 cents per share, according to Thomson Reuters I/B/E/S.
*Fourth-qtr adjusted profit $1.34/ share vs est. Feb 26- Teen apparel retailer Abercrombie& Fitch Co said it would lower prices to deal with intense competition, after discounts in the holiday season helped quarterly revenue fall less than expected.
NEW YORK, Feb 10- Aeropostale Inc is considering raising capital from private equity firms as the struggling teen retailer evaluates various ways to shore up both its balance sheet and its share price, four people familiar with the matter said on Monday.
Jan 28- Teen apparel retailer Abercrombie& Fitch Co stripped Chief Executive Mike Jeffries of his chairman duties, bowing to investor pressure to reduce his control over the struggling company.
Jan 28- Teen apparel retailer Abercrombie& Fitch Co stripped Chief Executive Mike Jeffries of his chairman duties and abandoned a plan aimed at blocking hostile buyout bids. The moves come little over a month after the company extended Jeffries' contract by at least a year, ignoring shareholder Engaged Capital LLC's call to replace the CEO.
Some of the names on the move ahead of the open.
Jan 22- American Eagle Outfitters Inc's said its chief executive of two years, Robert Hanson, would leave the company in a surprising move at a time when U.S. teen apparel retailers are struggling to attract shoppers and boost sales.