In the wake of several Wall Street firms downgrading GAP, Pamela Quintiliano, SunTrust specialty retail & apparel, thinks the stock is going nowhere. Adrienne Tennant, Janney Montgomery Scott specialty apparel analyst, believes the stock is a long-term out performer.» Read More
TORONTO, Dec 12- Lululemon Athletica Inc warned on Thursday that fewer customers visiting its stores will hit its sales in the crucial fourth quarter, acknowledging that negative press surrounding a product recall and comments by its founder had hurt sales of its trendy yogawear.
Dec 10- Yoga-wear retailer Lululemon Athletica Inc, reeling from an embarrassing recall of see-through pants, named Lauren Potdevin as chief executive and said founder Chip Wilson would step down as non-executive chairman. Potdevin replaces Christine Day, who said in June that she would leave the company once a replacement was found.
A shorter holiday calendar could send frenzied shoppers to physical stores for last-minute purchases, taking some sales away from e-commerce.
Costco Wholesale Corp said sales at stores open at least a year rose 2 percent, below the 3.3 percent increase analysts were looking for, according to Thomson Reuters. Costco shares were down 1.9 percent in morning trading.
NEW YORK, Dec 5- Several major U.S. retailers posted disappointing sales for November after cautious shoppers pinched their pennies at the start of a shorter holiday season. Costco Wholesale Corp on Thursday said sales at stores open at least a year rose 2 percent, below the 3.3 percent increase analysts were looking for, according to Thomson Reuters.
NEW YORK, Dec 2- U.S. online sales are expected to hit $2 billion on "Cyber Monday," for the first time since the data firm comScore began tracking such information.
To compete with each other and powerhouse Amazon.com Inc, many U.S. retailers began offering some of the season's best online deals, which were traditionally reserved for the Monday after Thanksgiving, several days ago.
Black Friday retail sales may have been more sizzle than steak. Traffic was up, but spending was down.
HONG KONG/ MADRID, Dec 2- Esprit Holdings' chief is doubling down on a bet to fix the struggling clothing retailer he took charge of a year ago by revamping its existing business model and recreating it in the image of his former employer-now-rival, Zara.
A look at the early winners and losers from the heavily discounted Thanksgiving Day and Black Friday weekend.
Sales that began Thursday continued through Friday. Many people complained about the early start, but still they went out shopping anyway.
The deals are aplenty after retailers ordered too much holiday merchandise back when the economy was rosier.
Think of Black Friday doorbusters as a starting point. Here's how you can save even more.
NEW YORK, Nov 26- ComScore Inc, an analytics firm whose data is closely watched by Wall Street, on Tuesday predicted U.S. e-commerce sales will grow 16 percent to $55.2 billion this holiday season.
Betty Chen, Mizuho Securities, thinks Gap is well positioned. Steph Wissink, Piper Jaffray, debates the trade.
U.S. stock index futures signaled a higher open on Wall Street on Friday.
Some of the names on the move ahead of the open.
Companies are making headlines after the bell Thursday:
Retailers from Macy's Inc to Wal-Mart Stores Inc are responding with massive discounts, which are likely to hurt margins. The San Francisco- based company, known for its namesake, Old Navy and Banana Republic brands, reaffirmed its profit forecast of $2.57 to $2.65 per share for the year ending in February.
Gap Inc on Thursday reported a higher third-quarter profit, helped by modest sales gains, but stuck to its earlier profit forecast for the year.