L Brands last week reported a 5 percent decline in same-store sales, but analysts said it should turn around as the holiday season progresses.» Read More
NEW YORK, Dec 6- Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers from Wal-Mart Stores Inc to Neiman Marcus, and car makers, a red flag for investors who have ridden a sector rally all year.
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.
Costco missed its November sales target as lower gasoline prices and weaker foreign currencies cut into a five percent increase in monthly net sales.
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.
"I still see some great opportunities out there," says Peter Dixon, manager of Fidelity Select Retailing fund.
Black Friday retail sales may have been more sizzle than steak. Traffic was up, but spending was down.
Nov 21- Canadian clothing maker Gildan Activewear Inc forecast first-quarter profit below analysts' estimates, saying its cotton costs would remain high because it bought the raw material before prices declined. Cotton prices have fallen nearly 17 percent from a five-month peak of about 94 cents per pound in August.
Companies are making headlines after the bell Wednesday:
Wearing millions of dollars of diamonds, Swarovski crystals and lingerie, Victoria's Secret Angels hit the catwalk during the annual runway event.
Gap’s high-end activewear brand Athleta could emerge as the biggest winner from Lululemon’s quality control questions.
Nov 13- Sales at Macy's Inc rebounded in the latest quarter, joining signs at other retailers that consumers will spend this holiday season if the price is right. Last week, Gap Inc, Victoria's Secret parent L Brands Inc and J.C. Penney Co Inc reported much stronger sales for October than they had for September and August.
To go behind the bra, CNBC reached out to Victoria's Secret to dig up some interesting tidbits about this year's megamillions undergarment.
Nov 13- Macy's Inc on Wednesday reported a rebound in sales, helped by more promotions, and the U.S. department store chain said business was improving as the holiday season nears. "We have consciously gone after that opening price point business lately and have been very successful there," Chief Financial Officer Karen Hoguet said on a conference call.
Nov 7- Costco Wholesale Corp and Victoria's Secret parent L Brands Inc were among the major U.S. retailers to report same-store sales gains for October, but many chains expressed caution heading into the holiday season.
Nov 7- Costco Wholesale Corp and Victoria's Secret parent L Brands Inc were among the major U.S. retailers to report same-store sales gains for October, but the outlook remained downbeat heading into the holiday season. Costco on Thursday reported a slightly bigger-than-expected 3 percent gain in sales at stores open at least a year.
Some of the names on the move ahead of the open.
Designer Mara Hoffman recently launched her first bridal collection. It includes a bikini and a one-piece suit, both in bridal white.
Who needs the hemline indicator, when you have Victoria's Secret's $10 million bra?
The diversity of the companies hitting all-time highs is a good sign, according to CNBC's Jim Cramer.
It's early, but already we are hearing that third quarter earnings and fourth-quarter guidance will be a disappointment.