U.S. stocks fell Thursday, with Wall Street pausing after a two-session win streak.» Read More
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Rite Aid Corp., up 54 cents to $6.94. Pier 1 Imports Inc., down 2 cents to $18.20.
April 10- Family Dollar Stores Inc, seeking to reverse declining sales and profit, said on Thursday it is slashing prices to win shoppers, cutting jobs, and shutting hundreds of stores. Family Dollar Chief Executive Howard Levine, on a call with investors, pointed to "a more financially constrained consumer," echoing recent comments from rivals.
*Bed, Bath& Beyond slumps after earnings. *Bed, Bath& Beyond shares slumped 6 percent to $63.85 before the opening bell after the domestic merchandise retailer reported fourth-quarter earnings. *Family Dollar Stores Inc lost 1.8 percent to $58 in premarket after it reported second-quarter results and gave an outlook that fell short of expectations.
Family Dollar said Thursday that will cut jobs and close about 370 underperforming stores as it tries to reverse sagging sales and earnings. Family Dollar has stumbled even more than its rivals because it has made mistakes in pricing, merchandising and the locations of its stores, analysts say.
April 10- Family Dollar Stores Inc, a convenience store operator, said it would cut jobs, shut about 370 underperforming stores and lower prices on about 1,000 basic items. The job cuts and store closures are expected to reduce annual operating costs by $40 million to $45 million beginning third quarter of fiscal 2014, the company said.
It's probably too early to say, but major retailers will be paying close attention to the sales numbers after CVS Caremark pulls tobacco from its shelves by October. CVS Caremark Corp. is part of a booming industry. In that same stretch since early February, shares of rivals Walgreen Co. and Rite Aid Corp. have surged as well.
The "Fast Money" traders share their final trades of the day.
Traders are watching to see if once high-flying Internet, social media and biotech names can stabilize or whether they will ensnare the broader market in a bigger downdraft.
Will forthcoming earnings and events confirm that the economy is, indeed, growing as the jobs report suggests?
Wal-Mart will accelerate the expansion of its small-format stores—an area analysts have called out as a necessity for the discounter.
Shareholders are waiting on new CEO Doug McMillon to offer guidance on where Wal-Mart is headed.
Credit Suisse analyst Michael Exstein has a note out suggesting Wal-Mart buys Family Dollar to accelerate its growing small store efforts, reports CNBC's Courtney Reagan.
CNBC's David Faber discusses a note by a Credit Suisse analyst that Wal-Mart should purchase Family Dollar.
Some of the names on the move ahead of the open.
LONDON, Feb 18- Poundland, Europe's largest single-price discount retailer, plans a 750 million pound flotation on the London Stock Exchange, cashing in on the recession-proof allure of goods that sell for just one pound.
Feb 5- CVS Caremark Corp said on Wednesday that it would stop selling tobacco products at its 7,600 stores by October, becoming the first national drugstore chain in the United States to take cigarettes off the shelves.
Feb 5- CVS Caremark Corp said on Wednesday that it would stop selling tobacco products at its 7,600 stores by October, becoming the first national drugstore chain in the United States to take cigarettes off the shelf. "I think it will put pressure on other retailers who want to be in healthcare," said CVS Caremark Chief Medical Officer Dr.
Feb 5- CVS Caremark Corp said on Wednesday that it would stop selling tobacco products at its 7,600 stores by October, becoming the first U.S. drugstore chain to take cigarettes off the shelf. "I think it will put pressure on other retailers who want to be in healthcare," said CVS Caremark Chief Medical Officer Dr.
Feb 4- J.C. Penney Co Inc shares fell 10 percent on Tuesday after the struggling retailer reported a disappointing rise in comparable sales for the holiday quarter, prompting fears its business is recovering too slowly.
J.C. Penney said comparable sales rose 2 percent during the fourth quarter, which included the crucial holiday season.