June 27- Women's fashion retailer Bebe Stores Inc said it would exit its unprofitable "2 b bebe" business, under which it sells affordable apparel and accessories, by July as part of a cost-cutting program. The company said it would take a pretax charge of $5 million- $6 million related to the closure of the 2 b bebe business, including 16 mall-based stores.
June 27- Women's apparel retailer Bebe Stores Inc said it would exit its unprofitable "2 b bebe" business, under which it sells affordable apparel and accessories, by July to focus on its core businesses and to cut costs. The company said the exit would lead to annual pretax savings of about $9 million- $10 million beginning in fiscal 2015..
Some of Monday midday movers:
Janet Yellen left traders with three takeaways: the dollar will strengthen, rates will rise, and easy money policies are on their way out.
Some of the names on the move ahead of the open.
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.
Three retailers could climb as 2013 wears on, Dana Telsey says.
Forget the rally; all the headlines were about fears of the looming mini-"fiscal cliff" coming. Let's agree on one thing: get rid of the word "fiscal cliff." So 2012. We need a new term.
Investors are bracing for companies to ramp up purchases of their own shares in response to expected tax changes in the new year, despite growing criticism of buybacks, the New York Times reports.
*Roth cuts bebe stores inc to neutral from buy; price target to $5. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
NEW YORK-- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:. Thor Industries Inc., up $1.39 at $36.95. Bloomberg reported that the wireless company might consider a counterbid to T-Mobile USA's proposed acquisition of MetroPCS.
BRISBANE, Calif.-- Women's clothing company Bebe says revenue at stores open at least a year fell 8.7 percent in its most recent quarter, which included the key back-to-school shopping season.
Oct 3- Women's apparel retailer Bebe Stores Inc. The company, which sells merchandise under Bebe Sport, bbsp, 2 b bebe and its namesake brand, faces an inventory glut, with a 12.5 percent increase in inventory per square foot as of Sept. 29. The Brisbane, California- based company's shares closed at $4.67 on the Nasdaq on Tuesday.
*Wedbush cuts Bebe Stores price target to $4.75 from $5.50; rating. Reuters Station users, click. 1568 For a summary of rating and price target changes on Canadian companies:. Reuters Station users, click. 4899 ().
Retail stocks update: If February same store sales were so strong, how come the S&P Retail Index (RLX) is only up 0.8 percent and is LAGGING the rest of the market? So I have been asked. Here is the answer...
On the surface, the retail sales reports were good this morning. February retail same-store sales were up 4.3 percent, according to RetailMetrics, well above expectations of a gain of 3.8 percent. This is good news, but there's a problem: there's fewer and fewer retailers reporting monthly numbers.
Options investors are really expecting a 'Miracle on 34th Street' this year, according to Pete Najarian.
He's got his list. And, he's checking it twice. He's not Santa. He's not on a buying spree. Wall Street Strategies Retail Analyst Brian Sozzi has been surfing the malls in and around the New York City metropolitan area. Sozzi, who is rated five stars by Starmine for accuracy, has been doing this every weekend this season.
Stocks ended mixed after a volatile session as investors cautiously anticipated monthly jobs data and third-quarter earnings reports. Alcoa and Verizon fell, while GE and DuPont rose.