As shoppers continue to shift their spending to the Web, traditional retailers are missing out on the impulse buy.» Read More
Some of Tuesday's midday movers:
Abercrombie announced that it will immediately terminate its shareholder rights plan and make changes to its board of directors.
Jan 28- Teen apparel retailer Abercrombie& Fitch Co stripped Chief Executive Mike Jeffries of his chairman duties and abandoned a plan aimed at blocking hostile buyout bids. The moves come little over a month after the company extended Jeffries' contract by at least a year, ignoring shareholder Engaged Capital LLC's call to replace the CEO.
Jan 28- Teen apparel retailer Abercrombie& Fitch Co said it separated the roles of chairman and chief executive officer and abandoned a plan aimed at blocking hostile buyout bids. The move comes more than a month after shareholder Engaged Capital LLC urged the retailer to replace current Chief Executive Mike Jeffries or sell itself.
A number of retailers have said that traffic levels continue to struggle, and experts say the heavy promotional environment has also persisted.
Jan 22- American Eagle Outfitters Inc's said its chief executive of two years, Robert Hanson, would leave the company in a surprising move at a time when U.S. teen apparel retailers are struggling to attract shoppers and boost sales.
Teen apparel retailer American Eagle Outfitters Inc said its chief executive of two years, Robert Hanson, would leave the company.
It's hard to drown out all the negative noise coming from the retail sector this year, but not everyone had a bad holiday.
Fast-fashion retailers like H&M are picking up a bigger chunk of sales—at the expense of traditional names like Abercrombie & Fitch and Aéropostale.
Here are six things you need to know from this week's "Fast Money."
Adrienne Tennant, Janney Capital Markets, shares her thoughts on Abercrombie's international growth prospects and the leadership of CEO Mike Jeffries.
Many U.S. retailers had to ramp up promotions last month as shoppers continued to watch their spending during the holiday season.
Some of the names on the move ahead of the open.
*Raises 2013 earnings/share view to $1.55- $1.65 vs est $1.47. Jan 9- Teen apparel retailer Abercrombie& Fitch Co raised its full-year earnings forecast, citing higher-than-expected sales in the fourth quarter to date.
Companies making headlines after the bell Thursday:
The gifts are all unwrapped. Returns and exchanges have been made. Now it's time to see what really happened during the holiday shopping season.
Wall Street analysts are adjusting their 2014 forecasts for retail, and although they're generally cautious, they do see some positive signs.
A number of specialty stores have pumped the brakes on their dramatic discounts, but department stores are still offering big price cuts.
Bricks-and-mortar stores lose out as e-commerce grows, but most retailers have now supplemented their shops with online businesses, the FT reports.
WEST NYACK, NEW YORK, Dec 24- Retailers are trying new ways to win over Christmas procrastinators. "There is not a whole lot you can do at the 11th hour, but this is one of the few levers you can pull," said Sucharita Mulpuru, an e-commerce analyst at Forrester Research, about what the industry calls "omni-channel" shopping.