Christopher Finazzo was also ordered to forfeit more than $25 million and pay the company $13.7 million in restitution.» Read More
NEW YORK, Aug 20- A former merchandising executive at teen apparel retailer Aeropostale Inc was sentenced to eight years in prison on Wednesday after being convicted of defrauding the company and taking more than $25 million in kickbacks from a key vendor.
Several companies highlighted strong back-to-school trends in their earnings reports.
NEW YORK— A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. Aeropostale Inc.: Approximately 28,829,500 shares changed hands, a 845.9 percent increase over its 65- day average volume. The shares rose$. 63 or 19.4 percent to $3.87.
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Home Depot Inc., up $4.64 to $88.23. Lennar Corp., up $1.25 to $38.80.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell. 5 percent to $34.48 with 20,342,400 shares traded. Advanced Micro Devices Inc. rose 1.4 percent to $4.27 with 23,124,000 shares traded.
*Home Depot climbs after earnings, outlook. *Apple retakes triple-digit territory, hits $100. NEW YORK, Aug 19- U.S. stocks advanced on Tuesday after solid earnings from Home Depot helped lift retailers' shares and Apple touched $100 for the first time since its stock split this summer.
*Home Depot climbs after earnings, outlook. NEW YORK, Aug 19- U.S. stocks rose on Tuesday, after solid earnings from Home Depot and supportive economic data on inflation and the housing market.
*Home Depot climbs after earnings, outlook. NEW YORK, Aug 19- U.S. stocks were poised for a higher open on Tuesday, putting the S&P 500 on track for a second straight day of gains, after solid earnings from Home Depot and supportive economic data on inflation and the housing market.
Aug 18- Teen apparel retailer Aeropostale Inc said it had reappointed Julian Geiger as chief executive as it seeks to win back customers and stanch six quarters of losses.
Dollar General enters bidding for Family Dollar. Dollar General Chairman and CEO Rick Dreiling said during a conference call Monday that the company had expressed interest in combining with Family Dollar multiple times over the last few years.
Aug 18- Teen apparel retailer Aeropostale Inc said it had reappointed Julian Geiger as chief executive with immediate effect. Geiger, who was CEO of the retailer from 1996 to 2009, will replace Thomas Johnson, who has held the position since 2010..
NEW YORK— Aeropostale is reinstating a past leader as it struggles with sliding sales. Aeropostale and fellow teen stalwarts Abercrombie& Fitch Co. and American Eagle Outfitters Inc. have had a difficult time turning their businesses around as mall traffic drops and shoppers' tastes change.
CNBC's Andrea Day reports on a case of corporate corruption involving one of the country's biggest teen retailers.
U.S. stocks closed higher for the third time in four days as a rally in tech, airlines and biotech firms helped lead gains.
Retailers are getting creative to try to jump-start the consumer. Here are 13 of the latest tactics. Brian Sozzi gives them the thumbs up or thumbs down.
As children and teens have a growing influence on purchases, stores with the latest trends will position themselves to win back-to-school sales.
LONDON/ MADRID, July 16- Discount fashion chain Primark has made its mark in Europe by offering fast-changing fashion at rock-bottom prices.
Retail sales increased less than expected in June, but apparel retailers are doing well and should see more strength this year, experts say.
Some of Friday midday movers:
*Raises full-year profit forecast to $1.05- $1.17/ share. The company said it expects earnings of $1.05- $1.17 per share on revenue of $387- $399 million, assuming comparable-store sales would remain flat at best for the year ending Jan. 31. It had previously forecast earnings of $1.16- $1.31 per share on revenue of $391- $409 million.