May 24- Abercrombie& Fitch Co on Friday reported a steeper-than-expected drop in first-quarter comparable sales, blaming inventory shortages, and slashed its profit forecast, sending the teen clothing retailer's shares down 10 percent.
May 24- Abercrombie& Fitch Co on Friday reported a steeper-than-expected drop in quarterly comparable sales, in part because of inventory shortages, and the teen clothing retailer's shares fell more than 11 percent.
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.
*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.
The Federal Reserve won't change course on quantitative easing this week, Steve Weiss of Short Hills Capital says.
Tuesday, 18 Jun 2013 | 7:10 AM ETAn airline passenger records a Chinese cargo handler as he tosses boxes of something on to and off of a conveyor belt for shipment. Hopefully, the cargo was packed well.
Tuesday, 18 Jun 2013 | 9:33 AM ETPlans to take PC maker Dell private by leveraging the company's balance sheet are misguided, CNBC's Jim Cramer said on "Squawk on the Street" Tuesday, because the company is facing lower margins and an increased competition from rival Hewlett Packard.