Macy's and J.C. Penney are only the latest retailers whittling down their square footage. It happens every January. Here's why.» Read More
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.
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.
*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.
Some of the names on the move ahead of the open.
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.
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..
Check out which companies are making headlines after the bell Monday.
Retailers make up about two thirds of the 20 most shorted companies announcing earnings this week. Here's the "short" list.
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.