Tom Corbett says American Eagle Outfitters Inc. is planning a $160 million- plus distribution center near Hazleton that is projected to generate nearly 400 jobs. The center is being supported by state money, including more than $500,000 from the Department of Community and Economic Development.
PITTSBURGH-- American Eagle Outfitters Inc. reported a drop in its fiscal first-quarter profit because of falling sales and some special charges during the period, but the teen retailer's adjusted earnings beat market expectations.
U.S. stock market futures indicated a higher opening on Wednesday, ahead of a closely-watched speech by Fed Chair Ben Bernanke.
May 22- American Eagle Outfitters Inc on Wednesday reported a decline in first-quarter sales as its young customers cut back on spending, and the teen retailer does not expect sales to pick up in the current quarter.
*TJX: Wells Fargo cuts to market perform from outperform-. *Kohl's Corp: Wells Fargo starts with market perform-. *Ross Stores: Wells Fargo transfers coverage with market perform- theflyonthewall.com* Lululemon, Macy's: Wells Fargo starts with market perform- theflyonthewall.com.
May 3- American Eagle Outfitters Inc:. *Janney cuts target price to $21 from $25; rating buy. Reuters Station users, click. 1568.
*Costco same-store sales up 6 percent; Gap up 3 percent. March 7- Gap Inc and Costco Wholesale Corp were among several U.S. chains on Thursday to report stronger-than-expected sales for February, when consumer confidence about an improving job market offset the impact of higher taxes.
*Costco comparable sales up 6 percent, Limited up 3 percent. March 7- Victoria's Secret parent Limited Brands Inc and Costco Wholesale Corp were among several U.S. chains on Thursday to report stronger-than-expected sales for February, when consumer confidence about an improving job market offset the impact of higher taxes.
*Costco February comp sales up 6 percent, Limited up 3 percent. March 7- Victoria's Secret parent Limited Brands Inc and Costco Wholesale Corp reported better-than-expected sales for February, when consumer confidence about an improving job market offset the impact of higher taxes.
*Sees first quarter adjusted profit per share 16- 19 cents. March 6- American Eagle Outfitters Inc on Wednesday gave a profit forecast that fell short of Wall Street expectations and said same-store sales would fall in the current quarter, a setback for a company that has been winning market share from rivals.
U.S. stock index futures were higher Wednesday, with the Dow poised to extend its gains a day after hitting an all-time high, following a better-than-expected private sector employment report.
The company, which outperformed rivals Aeropostale Inc and Abercrombie& Fitch Co during the Christmas season, said on Wednesday that it expected same-store sales this quarter to fall by a mid-single-digit percentage rate.
March 6- American Eagle Outfitters Inc on Wednesday reported a higher profit for the holiday quarter, helped by fewer markdowns, but the teen clothing retailer gave a weak sales forecast for the current quarter, citing a tough economy and unfavorable weather.