The Abercrombies and American Eagles of the world are finally starting to turn a corner—albeit, a small one.» Read More
March 19- Apparel maker Guess Inc forecast a surprise loss for the current quarter, citing weak traffic at its stores in North America and pressure in its wholesale business in Europe.
Some of Wednesday's midday movers:
*Sees 1st- quarter earnings $0.12- $0.18/ shr vs est $0.41/ shr. March 12- Express Inc forecast profit to slide by more than half in the current quarter, making it the latest U.S. apparel retailer to warn of an ongoing impact from deep discounts and declines in store traffic.
In the past two days, U.S. apparel retailers, American Eagle Outfitters and Urban Outfitters Inc have warned that results in the current quarter would be hurt by stiff competition and choppy sales trends at malls.
*Men's Wearhouse to acquire Jos. A. Bank Clothiers. Shares of retailers American Eagle and Urban Outfitters fell sharply after disappointing outlooks. They're just taking some money off the table, "said Frank Lesh, futures analyst and broker at FuturePath Trading LLC in Chicago.
Stocks declined on Tuesday as news from China hit commodity prices..
*J.C. Penney jumps after Citi upgrade. *Copper prices fall to lowest since July 2010. "When you get a slow data week, markets tend to get a little jittery and slow," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.
Some of Tuesday's midday movers:
*Says expects 1st- qtr earnings/share $0.00 vs est $0.13. March 11- Teen apparel retailer American Eagle Outfitters Inc forecast current-quarter earnings below analysts' estimates as it struggles to attract shoppers amid intense competition from "fast fashion" chains.
*J.C. Penney jumps after Citi upgrade. *Urban Outfitters tumbles after warning. NEW YORK, March 11- U.S. stocks were little changed on Tuesday as investors found few reasons to push the S&P 500 above its recent record high, as tensions in Ukraine continued.
A high-frequency trader going public has its skeptics, but there are at least a few reasons why the top for that industry isn't near yet.
*Says expects 1st- quarter earnings/share $0.00 vs est $0.13. March 11- Teen apparel retailer American Eagle Outfitters Inc forecast earnings for the current quarter that fell short of analysts' expectations, saying a severe winter had hurt demand.
*J.C. Penney jumps after Citi upgrade. *Myriad Genetics falls after court motion denied. NEW YORK, March 11- U.S. stocks were set for a flat open on Tuesday after a slight decline in the prior session left the S&P 500 within striking distance of its recent record high and amid investor caution as tensions in Ukraine continued.
U.S. stock index futures pointed to a flat open on Tuesday, with stocks in Asia and Europe rebounding.
March 11- Teen apparel retailer American Eagle Outfitters Inc forecast earnings for the current quarter that fell short of analysts' expectations, saying a severe winter had hurt demand. The company's shares fell 6 percent to $13.35 in premarket trading. Analysts on average were expecting a profit of 13 cents per share, according to Thomson Reuters I/B/E/S.
Some of the names on the move ahead of the open.
Get ready for the next era in retail—one that will be characterized by far fewer shops and smaller store footprints.
The recent data breaches have repercussions for the retail industry as a whole, Saks President Marigay McKee said Monday.
Lululemon Athletica and Express became the latest retailers to warn investors of disappointing earnings in the holiday quarter.
Retailers responded to weakness last year with deep discounts and promotions. Still, the softness is creeping into January.