Retailers have kept inventories in check, but signs are already emerging that they may not have broken consumers' addiction to discounts just yet.» Read More
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.
Alibaba has agreed to help Amazon.com rival ShopRunner sell to China and handle delivery within the country.
Target CEO Gregg Steinhafel's name has been added to the list of retail execs caught in a nasty game of musical chairs.
Physical stores and the malls that house them are aiming to bring the ease of online shopping to the real world.
As discounting shows little sign of abating, it's the stores with on-trend merchandise that will emerge as the season's winners.
As more brands flock to the off-price model, one analyst cautions that outlets could be losing a bit of their luster.