Click through to see some of retail's biggest gaffes over the years.» Read More
May 28- Teen apparel retailer Abercrombie& Fitch Co reported a 14 percent fall in quarterly sales due to weak demand, a strong dollar, and higher discounts. The company's net loss widened to $63.2 million, or 91 cents per share, in the first quarter ended May 2, from $23.7 million, or 32 cents per share, a year earlier. Net sales fell to $709.4 million from $822.4 million,...
With an eye on the dollar and rates, traders are watching pending home sales and weekly jobless claims data Thursday.
*Forecasts 2nd- qtr profit $0.11- $0.14/ shr vs est. May 20- Teen apparel retailer American Eagle Outfitters Inc forecast current-quarter profit above analysts' expectations as fewer discounts drive margins and sales recover at its namesake brand after falling for the past two years. American Eagle, unlike rivals Aeropostale Inc and Abercrombie& Fitch Co, has...
The acquisition of Ann Taylor parent Ann Inc. could spur activity among other apparel retailers, Jefferies analyst Randal Konik said.
Some of the names on the move ahead of the open.
Using demonstrations and campaigns in traditional and social media, consumers are increasingly forcing companies to change their ways.
Abercrombie will also change store associate titles from "model" to "brand representative."
Cowen & Co. broke down which retailers pay the most rent per square foot, as well as which rake in the most sales per square foot.
Nike is still the dominant brand among teens, according to a new survey by Piper Jaffray.
April 13- New York's attorney general has sent letters to 13 national retailers, including Gap Inc, Target Corp and JC Penney Co Inc, about "on-call shifts" in which workers are told whether to report to work a day or less before a scheduled shift. A number of companies with stores in New York are requiring employees to check in by telephone, text message or email before...
April 13- New York's attorney general has questioned 13 national retailers, including Gap Inc, Target Corp and JC Penney, about "on-call shifts," a staffing practice that requires workers to find out just hours before their shift whether or not they need to report to work. Letters were also sent to Abercrombie& Fitch, J. Crew, L Brands Inc, Burlington Coat Factory, TJX Cos,...
April 13- New York Attorney General Eric Schneiderman has written to 13 retailers, including Gap Inc and Target Corp, questioning them about "on-call shifts," a staffing practice under which workers find out just hours before their shift whether or not they need to go in to work. Practices such as on-call scheduling may violate a New York law, according to the letter.
Jim Cramer took a look at retail as one of the strongest groups last quarter. Time to cash in, or follow the Wall Street fashion trends?
After months of promotions, retailers are finally trying to break consumers' addiction to discounts. Will shoppers call their bluff?
Aéropostale shares fell 16 percent on Friday, despite posting its first quarterly profit in two years.
March 12- Teen apparel retailer Aeropostale Inc forecast a bigger quarterly loss than analysts were expecting, citing low demand due to weak customer traffic at malls. Aeropostale has been struggling to attract young shoppers, who are increasingly shifting to fast-fashion retailers such as H&M, Forever 21 and Inditex's Zara. Aeropostale forecast a loss of 53-...
March 11- By staying on top of trends, quickly turning around inventories and offering new styles, prints and new bohemian looks- all with little visible branding- American Eagle and Aeropostale may have found the path to recovery, analysts say. The decisions early on by American Eagle Outfitters Inc and Aeropostale Inc to abandon the logo-covered clothing that...
The markets were obsessed with a stronger dollar Tuesday.
There are early indications that two teen retailers are finally getting a grip on all that teen angst.
The five-week long month of March is shaping up to be significant for retailers, not only because of an earlier Easter.