Retailers make up about two thirds of the 20 most shorted companies announcing earnings this week. Here's the "short" list.» Read More
Several companies highlighted strong back-to-school trends in their earnings reports.
NEW YORK— Aeropostale is reinstating a past leader as it struggles with sliding sales. Aeropostale and fellow teen stalwarts Abercrombie& Fitch Co. and American Eagle Outfitters Inc. have had a difficult time turning their businesses around as mall traffic drops and shoppers' tastes change.
As children and teens have a growing influence on purchases, stores with the latest trends will position themselves to win back-to-school sales.
PARIS, July 31- U.S. private equity firm Catterton Partners has acquired Bali- inspired jeweller John Hardy for an undisclosed sum, closing a transaction that took months to negotiate.
Chinese companies have been pouring money into Silicon Valley, joining a parade of financiers seeking to participate in the latest boom.
Some of Friday midday movers:
Victoria's Secret is putting its more youthful Pink segment on the fast track, with plans to open about 30 stores this year.
May 29- Apparel retailers Express Inc and Guess Inc forecast disappointing profits for the current quarter as a revival in consumer spending takes longer.
May 29- Teen apparel retailer Abercrombie& Fitch Co's quarterly sales fell less than expected for the first time in six quarters as efforts to revitalize its women's clothing business began to pay off, sending the company's shares up as much as 7.5 percent.
May 29- Teen apparel retailer Abercrombie& Fitch Co's quarterly sales fell less than expected for the first time in six quarters, helped by improvements in its women's clothing business and its namesake brand.
May 22- Teen apparel retailer Aeropostale Inc forecast a bigger-than-expected loss for this quarter as it struggles to keep pace with changing fashion trends. Aeropostale shares fell 18 percent in extended trading at $3.70.
May 21- American Eagle Outfitters Inc forecast another quarter of falling comparable-store sales and said it would close 150 more stores in North America as it continues to struggle to attract fickle teen shoppers.
Some of Wednesday's midday movers:
May 21- American Eagle Outfitters Inc forecast another quarter of falling comparable-store sales and said it would close another 150 stores in North America as it continues to struggle to attract fickle teen shoppers.
After a batch of new earnings reports, the overall trend remains the same: disappointing.
May 21- Teen apparel retailer American Eagle Outfitters Inc's quarterly profit slumped 86 percent as it struggles to attract shoppers amid intense competition and weak demand. The company's net income fell to $3.87 million, or 2 cents per share, in the first quarter ended May 3 from $27.98 million, or 14 cents per share, a year earlier.
U.S. stock index futures signaled a higher open, despite ongoing concerns about weak earnings and global central bank policy.
Stocks are likely to take their cue from the bond market, as traders worry low yields are a warning the economy isn't springing back.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
Parents and the purchasing power they represent are also shying away from teen retailers, as they seek value when making purchases for their kids.