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
Take a look at some of Tuesday's midday movers:
When you think of Apple, you think of style, but not fashion. This makes the company's second major senior-level hire all the more perplexing.
It's early, but already we are hearing that third quarter earnings and fourth-quarter guidance will be a disappointment.
"Every time you tried to play that game, you probably lost," says Josh Brown of Ritholz Wealth Management.
Stocks closed near session highs Friday, hoisting the Dow and S&P 500 to finish in the black for the week, as investors grew more optimistic over the progress in Washington.
Washington is groping for a deal on extending the debt ceiling. Yet banks are where all the action is.
Gap shares are falling after a 3 percent drop in September same-store sales. John Morris, BMO Capital, explains his out-perform rating on the retailer.
Some of the names on the move ahead of the open.
Check out which companies are making headlines after the bell Thursday:
"Penney's is just beginning to hurt the department stores," Durbin Captial's Steve Kernkraut says.
NEW YORK, Oct 10- U.S. shoppers remained cautious in September, gravitating toward bargains as their confidence took a hit from political strife in Washington and slow job growth, just weeks ahead of the start of the holiday season. L Brands Inc said on Thursday sales at stores open at least a year grew 1 percent, missing Wall Street estimates of a 2 percent gain.
NEW YORK, Oct 10- U.S. shoppers continued to show caution in their spending in September, gravitating toward bargains, as political strife in Washington and slow job growth hurt their confidence with the start of the holiday season just weeks away.
The prospect of a Grand Bargain in Washington is still alive. An elusive deal could end the shutdown, increase the debt ceiling, and possibly approve the long-delayed Keystone XL.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
It's not your imagination. That shirt you recently bought is wearing out faster than others you purchased years ago. It's all part of cost cutting.
* "Buy online, pickup in store" seen as way to compete with Amazon. NEW YORK, Sept 15- Bricks-and-mortar retailers are trying to compete with Amazon.com Inc and each other by offering what they hope is the best of both worlds- online sales with the option of store pickups, delivery and returns.
TORONTO, Sept 12- Retailer Lululemon Athletica Inc, still recovering from an embarrassing recall of excessively see-through yoga pants, trimmed its outlook for full-year sales and profits on Thursday, saying tougher quality controls have spawned delivery delays.
Better Chinese data plus lower odds of a military strike against Damascus is lifting stocks globally.
HONG KONG, Sept 10- Esprit Holdings will return to profit this year on cost cutting and adequate provisions, its CEO said on Tuesday, disappointing investors who had hoped the Zara-brand veteran would do more to engineer the clothing retailer's $2.3 billion turnaround. The benchmark Hong Kong index closed up 1 percent.
*Europe- focused retailer set to post first full-year fiscal loss. *Investors bet Europe will help lift company's bottom line. He has so far cut inventories, brought in four of his former Zara colleagues and announced plans to shut down 16 Esprit stores, mainly in Europe, this fiscal year while maintaining a strong presence in China.