Abercrombie & Fitch Co
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While the economic data show a recovery in place, it doesn't seem as if the message has gotten through to retailers serving lower- and middle-income consumers.
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*Bank of Japan and ECB reaffirm stimulus programs. Both the Bank of Japan and the European Central Bank reaffirmed that their policies would remain in place.
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*Bank of Japan and ECB reaffirm stimulus programs. NEW YORK, May 28- U.S. stock index futures pointed to a higher open on Tuesday as supportive comments from central banks around the world reassured investors that monetary policies designed to support the global economy would remain in place.
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*Bank of Japan and ECB reaffirm stimulus programs. NEW YORK, May 28- U.S. stock index futures were higher on Tuesday as supportive comments from central banks around the world reassured investors that monetary policies designed to support the global economy would remain in place.
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*Bank of Japan and ECB reaffirm stimulus programs. NEW YORK, May 28- U.S. stock index futures were higher on Tuesday as supportive comments from central banks around the world indicated that monetary policies designed to support the global economy would remain in place.
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NEW YORK, May 24- The S&P 500 declined for a third day on Friday, with the three major U.S. stock indexes posting their first negative week since mid-April on lingering concern that the U.S. central bank may scale back its stimulus measures to support the economy.
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Stocks closed lower for a third session, as markets remain worried the Federal Reserve may start withdrawing stimulus by curtailing bond purchases later this year.
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NEW YORK, May 24- U.S. stocks mostly declined for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern that the U.S. central bank may scale back its stimulus measures to support the economy. The Dow edged into positive territory by late afternoon trading, buoyed by a 4 percent gain in Procter& Gamble.
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Same-store sales dropped at Abercrombie & Fitch in its first quarter. Stacey Widlitz of S.W. Retail Advisors, discusses how to play the stock, and Sapna Maheshwari of BuzzFeed explains her claim that top Abercrombie execs are concerned about its CEO's power within the company.
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NEW YORK, May 24- U.S. stocks fell for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern the U.S. central bank may scale back its stimulus measures to support the economy.
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NEW YORK, May 24- U.S. stocks fell for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern the U.S. central bank may scale back its support to the economy.
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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.
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The S&P 500 is down one percent for the week after being up four weeks in a row. So far, the declines we have seen this year have been on the order of three percent.
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*Durable goods orders rise more than expected. NEW YORK, May 24- U.S. stocks fell for a third day on Friday amid lingering concern the U.S. central bank may scale back its support to the economy.
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NEW YORK, May 24- U.S. stocks were set to open lower on Friday, setting up Wall Street for its first weekly decline since mid April, amid concern the U.S. central bank may scale back its support to the economy.
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U.S. futures pointed to a mixed to lower open on Wall Street on Friday, as markets continue to digest when the Federal Reserve may begin to reduce its bond-buying program.
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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.
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NEW YORK, May 24- U.S. stock index futures fell on Friday, setting up Wall Street for its first weekly decline since mid April, amid concern the central bank may scale back its support to the economy.
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For the first quarter ended May 4, the teen clothing retailer said its loss narrowed to $7.2 million, or 9 cents per share, from $21.3 million, or 25 cents per share, a year earlier.
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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.
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