The Abercrombies and American Eagles of the world are finally starting to turn a corner—albeit, a small one.» Read More
NEW YORK— The Abercrombie& Fitch logo has lost the power it once wielded. Shares of Abercrombie& Fitch Co. tumbled Thursday after reporting weak sales as more teens shop elsewhere.
Aug 28- Teen apparel retailer Abercrombie& Fitch Co's same-store sales declined for the tenth straight quarter as it struggled to attract customers who held back discretionary spending amid wage cuts and fewer jobs.
NEW YORK— More tensions in Ukraine left the stock market slightly lower in quiet trading. Investors were also poring over a speech by Federal Reserve Chair Janet Yellen, which gave few clues about the central bank's next moves on interest rates. Aeropostale plunged 10 percent after forecasting a big loss in the current quarter.
NEW YORK— Stocks are little changed at midday after a speech by Federal Reserve Chair Janet Yellen left investors unsure on how the bank will proceed on interest rates. Investors were also monitoring another flare-up in tensions between Ukraine and Russia. Aeropostale plunged 10 percent after forecasting a big loss in the current quarter.
*Russia aid convoy crossed border without OK, Ukraine says. NEW YORK, Aug 22- U.S. stocks were little changed on Friday, in the wake of comments from Federal Reserve Chair Janet Yellen.
*Russia aid convoy crossed border without OK, Ukraine says. NEW YORK, Aug 22- U.S. stocks were poised for a flat open on Friday, as futures pared losses after the latest flare of tensions between Ukraine and Russia, and ahead of a speech by Federal Reserve Chair Janet Yellen.
Some of the names on the move ahead of the open.
*Russia aid convoy crossed border without OK, Ukraine says. NEW YORK, Aug 22- U.S. stock index futures were slightly lower on Friday, after the latest flare of tensions between Ukraine and Russia and ahead of a speech by Federal Reserve Chair Janet Yellen.
Short sellers are upping their bets on retailers closely tied to the back-to-school season—despite the companies' positive forecasts.
NEW YORK— The stock market paused Friday, following four days of gains, after a speech by Federal Reserve Chair Janet Yellen left investors unsure about how the nation's most important financial voice feels about raising interest rates in the coming months.
Gap raised its full-year profit forecast, and said it would open 40 stores in India as part of its strategy to expand in emerging markets.
NEW YORK— Aeropostale Inc. on Thursday reported a fiscal second-quarter loss of $63.8 million, and its shares fell in extended trading after the company forecast a bigger-than-expected loss for the current quarter.
Aug 21- Apparel retailer Gap Inc raised its full-year profit forecast, encouraged by strong sales of its lower-priced Old Navy clothes, and said it would open 40 stores in India as part of its strategy to expand in emerging markets. Gap said it is partnering with Arvind Lifestyle Brand Ltd, a unit of textile manufacturer Arvind Ltd, for opening the stores in India.
Check out which companies are making headlines after the bell Thursday: Gamestop, Gap, Aeropostale & more.
Aug 21- Teen apparel retailer Gap Inc reported a better-than-expected quarterly profit and sales and raised its full-year profit forecast, helped by strong sales of its low-priced Old Navy clothes. Comparable sales at Old Navy stores, which cater to a slightly older customer base, rose 4 percent in the second quarter ended Aug 2.
CNBC's Tyler Mathisen reports former Aeropostale merchandising executive Christopher Finazzo was sentenced to 8 years in prison Wednesday.
Christopher Finazzo was also ordered to forfeit more than $25 million and pay the company $13.7 million in restitution.
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.