Struggling retailer Abercrombie & Fitch said it will extend CEO Mike Jeffries' contract, days after a shareholder urged the company to replace him.» Read More
New shopping services will allow consumers to instantly buy items they see on television, in magazines and even in their refrigerators. The NYT reports.
"I'm not that worried about the consumer because I do think that they have benefited from higher home prices," TheStreet's Stephanie Link says.
Like any high school crush, this one was bound to fizzle, but millions of dollars were riding on this infatuation.
Stocks closed higher Tuesday, with the Dow and S&P 500 finishing in positive territory for the third-straight session, as Federal Reserve policymakers kicked off their two-day meeting.
Trying to figure out what's cool for the back-to-school shopping season? Stop trying. These teens will break it down for you.
Abercrombie & Fitch, Aeropostale and American Eagle Outfitters have fallen out of fashion with fickle teen shoppers and may not win back their business anytime soon.
Abercrombie & Fitch said same-store sales fell a worse-than-expected 10 percent, blaming fewer visits by shoppers and customers' lack of interest in its women's clothing.
Aug 22- Abercrombie& Fitch Co reported comparable sales and profit far below Wall Street expectations on Thursday, blaming a drop in store visits by shoppers, and the teen retailer said business will decline even more during the current back-to-school quarter.
Aug 22- Abercrombie& Fitch Co, Aeropostale Inc and American Eagle Outfitters Inc have fallen out of fashion with fickle U.S. teen shoppers and aren't likely to win back their business anytime soon.
Stocks tumbled again in the final hour of trading to close near session lows in heavily volatile trading Wednesday, with the Dow posting its sixth-straight day in the red, as investors digested the minutes from the latest Fed policy meeting.
Retail stocks drop after results, Staples sinks. NEW YORK, Aug 21- U.S. stocks ended lower in choppy trading on Wednesday after minutes from the U.S. That is what you see in an economy bumbling along at 2 percent, "said Erik Davidson, deputy chief investment officer for Wells Fargo Private Bank in San Francisco.
*Retail stocks drop after results, Staples sinks. NEW YORK, Aug 21- U.S. stocks extended losses on Wednesday to hit session lows after minutes from the U.S. "It seems the Fed is under immense pressure to begin tapering, rather than doing it for macro reasons," said Todd Schoenberger, managing partner at Landcolt Capital in New York.
*Retail stocks drop after results, Staples sinks. *Goldman Sachs falls, weighs on financials. NEW YORK, Aug 21- U.S. stocks dipped on Wednesday, with investors reluctant to make big bets before the Federal Reserve publishes the minutes of its July policy-setting meeting.
Aug 21- American Eagle Outfitters Inc, the teen apparel retailer, forecast weak sales and profits for the back-to-school quarter on Wednesday, and said the promotional environment that forced it to slash prices this summer was persisting. Shares fell as low as $14.40, their lowest since March 2012.
Lowe's profit blew past Wall Street expectations, but valuations are looking somewhat stretched. Is this the top for home improvement?
Aug 21- American Eagle Outfitters Inc on Wednesday issued a weak sales and profit forecast for the back-to-school quarter, and the teen retailer said the promotional environment that forced it to slash prices this summer was continuing. "What is most disconcerting is that the discounting is really aggressive," said Morningstar analyst Jaime Katz. "
American Eagle, which had previously reported that same-store sales fell 7 percent during the second quarter ended Aug. 3, reported net income of $19.6 million, or 10 cents per share, for the period, compared with $19.0 million, or 9 cents a share, a year earlier.
With Saks the latest retailer to disappoint with weaker-than-expected earnings, investors are worried about how the retail sector will fare heading into a heavy week of earnings.
The Fed gathering in Jackson Hole and the minutes of the last Fed meeting could keep markets volatile in the week ahead.
Aug 16- From Wal-Mart Stores Inc and Gap Inc to Macy's Inc and McDonald's Corp, chains that cater to middle- and lower-income Americans say they are feeling the pinch of an uneven economic recovery. Look no further than Macy's for a snapshot of the consumer. That's a contrast with Macy's upscale Bloomingdale's, which came in with strong results.