The Abercrombies and American Eagles of the world are finally starting to turn a corner—albeit, a small one.» Read More
NEW YORK, May 23- U.S. stocks rose modestly on Friday, after a better-than-expected reading on the housing market, as the S&P held just below its record intraday high. The S&P is 0.2 percent from its record intraday high of 1,902.17 set on May 13 and is above its record closing high of 1,897.45 set on the same day.
*Aeropostale stumbles before the bell after outlook. NEW YORK, May 23- U.S. stocks were poised to open flat on Friday, ahead of data on the housing market, with the S&P 500 on track to notch its first weekly gain in the past three. New home sales data for April is due at 10:00 a.m..
*Aeropostale stumbles before the bell after outlook. NEW YORK, May 23- U.S. stock index futures inched higher on Friday, ahead of data on the housing market, with the S&P 500 on track to score its first weekly gain in the past three. *New home sales data for April is due at 10:00 a.m..
Some of the names on the move ahead of the open.
May 22- Teen apparel retailer Aeropostale Inc forecast a bigger-than-expected loss for this quarter as it struggles to keep pace with changing fashion trends. Aeropostale shares fell 18 percent in extended trading at $3.70.
Hewlett-Packard and Gap are among those making headlines after the bell Thursday.
May 22- Struggling teen apparel retailer Aeropostale Inc's comparable sales fell 13 percent, hurt by lower mall-traffic and intense competition. Net sales declined about 12 percent to $395.9 million for the first quarter ended May 3. The company's net loss widened to $76.8 million, or 98 cents per share, from $12.2 million, or 16 cents per share, a year earlier.
May 21- American Eagle Outfitters Inc forecast another quarter of falling comparable-store sales and said it would close another 150 stores in North America as it continues to struggle to attract fickle teen shoppers.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
Uniqlo recently announced a wave of planned openings that will nearly double its presence to 38 locations by the end of the year.
Parents and the purchasing power they represent are also shying away from teen retailers, as they seek value when making purchases for their kids.
Teen retailers have been crushed by high unemployment and competition. But Aeropostale's social media strategy could revive it.
Aéropostale filed a lawsuit against H&M for using its trademarked phrase "Live Love Dream" on apparel and accessories, according to a report.
As discounting shows little sign of abating, it's the stores with on-trend merchandise that will emerge as the season's winners.
H&M said on Thursday it will bring two of its secondary retail stores, & Other Stories and COS, to the U.S. this year.
Retailers are eyeing shopping mall vacancies to house spinoff concepts, as they search for ways to grow sales organically.
E-commerce company Borderfree priced its IPO at $16 per share, the top end of its planned price range, according to an underwriter.
NEW YORK, March 14- Wall Street ended lower on Friday with all three major stock indexes down for the week, as concerns over tensions between Ukraine and Russia escalated ahead of a referendum in Crimea this weekend.
NEW YORK, March 14- U.S. stocks were little changed in a volatile session on Friday, setting all three indexes up for a weekly decline, as concerns over tensions between Ukraine and Russia escalated ahead of a referendum in Crimea this weekend.
*General Mills warns profit hit by competition. Curbing investors' enthusiasm for equities, Russia's navy said fighter jets had started training exercises over the Mediterranean Sea, an announcement likely to raise tensions in the standoff with Ukraine.