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, 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.
NEW YORK, Sept 5- Many U.S. retailers reported stronger-than-expected August sales on Thursday, but many of them had to resort to deep discounts to attract back-to-school shoppers.
NEW YORK, Sept 5- Many U.S. retailers reported stronger-than-expected August sales on Thursday, but they had to use steep discounts to attract back-to-school shoppers. Most, including Costco Wholesale Corp and Buckle Inc, beat expectations for the month, but L Brands Inc, parent of the Victoria's Secret lingerie chain, missed them.
NEW YORK, Sept 5- Many U.S. retailers reported stronger-than-expected August sales on Thursday, but they had to use steep discounts to woo back-to-school shoppers. The level of discounting "was certainly higher than last year," said Ken Perkins, president of consulting firm Retail Metrics. "
Check out companies making headlines before the bell Thursday:
Trying to figure out what's cool for the back-to-school shopping season? Stop trying. These teens will break it down for you.
Some of the names on the move ahead of the open.
Stocks tumbled again in the final hour of trading to close near session lows in heavily volatile trading Wednesday, with the Dow posting its sixth-straight day in the red, as investors digested the minutes from the latest Fed policy meeting.
Check out which companies are making headlines after the bell Wednesday:
U.S. stock index futures were lower on Wednesday ahead of the release of the July minutes from the Federal Reserve's last policy meeting.
Tapering of the Fed's $85 billion monthly bond purchases has been discussed for months, driving interest rates higher.
There is starting to be correlation between early-adopter retailers and those that will be the most successful. A look at some of the technologies that are having a big impact.
With Saks the latest retailer to disappoint with weaker-than-expected earnings, investors are worried about how the retail sector will fare heading into a heavy week of earnings.
Global fund managers are more optimistic on the world economy, and optimism about the euro zone doubled in the last month to a nine-year high.
*Costco same-store sales below estimates; L Brands beats. *Gap misses estimates, Aeropostale traffic weak. The second quarter was characterized by higher promotions, weak traffic trends and a challenging retail environment, especially in July, teen apparel chain Aeropostale CEO Thomas Johnson said on Thursday.
Stocks snapped a three-day losing streak Thursday, with the S&P 500 finishing just below the 1,700 mark, buoyed by stronger-than-expected Chinese trade data and following a favorable jobless claims report.
Data from Europe and China are looking up. These figures support the thesis that the U.S. recovery is a help to China, and is even trickling down to Europe.
A group of large US retailers reported higher sales for July, but had to resort to bargains to lure shoppers who are still careful in their spending while the job market recovers.
*Costco same-store sales below estimates; L Brands beats. Costco Wholesale Corp said on Thursday that sales at stores open at least a year rose 4 percent last month, below analysts' expectations of a 5.1 percent increase.