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
U.S. stock index futures held their gains Thursday, after major averages logged a three-day losing streak in the previous session, thanks to stronger-than-expected trade data from China and following the weekly jobless claims report.
Check out which companies are making headlines before the bell on Thursday:
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Costco Wholesale reported June same-store sales that beat analysts' estimates, while L Brands sales came in lower than expected.
Who would have thought Fed chief Ben Bernanke's comment about "highly accommodative policy" would cause this kind of rally? Now, there are a clutch of angry traders.
*Costco June sales top expectations. NEW YORK, July 11- U.S. stocks jumped on Thursday, with each of the major indexes gaining 1 percent, after comments by U.S. "His statement that they will be highly accommodative for the foreseeable future is pretty clear and the market loved it," said Doug Cote, chief market strategist at ING U.S. Investment Management in New York.
*June same-store sales up 4.2 percent before Gap- Thomson Reuters. *Costco same-store sales up 6 percent, top Wall Street forecast. *L Brands same-store sales miss expectations, but margins strong.
*Costco same-store sales up 6 percent, top Wall Street forecast. July 11- Sales at U.S. retailers, including Costco Wholesale Corp and the company that runs Victoria's Secret, suggest that overall U.S. consumer spending is improving while discretionary spending may remain under pressure.
Major retail chains reported sales increases for May that were generally in line with Wall Street's expectations, suggesting consumer spending continues to improve moderately.
Guess shares surged more than 9 percent Friday following better-than-expected profit despite a significant decline from a year earlier, reports TheSteet.com.
Clothing-store chain Gap delivered earnings and revenue that beat Wall Street expectations, an encouraging sign for the recovering retail sector.
Some of the names on the move ahead of the open.
Check out which companies are making headlines after the bell Wednesday:
Stocks closed down 1 percent after the minutes from the last Fed policy setting meeting suggested the central bank could begin tapering bond purchases sooner than the market expects.
While 94 percent of the companies in the Standard & Poor's 500 Index have already reported quarterly earnings, this week remains a key week for the retail industry with 24 retailers reporting earnings—12 of which are S&P 500 components.
These stocks are posting the largest moves before the bell.
It's good to remember that some turnarounds have happy endings. For retailer Gap, the current outcome is a positive one as investors are again falling into the Gap.
A number of top U.S. retailers reported disappointing April sales as consumers gravitated toward discount chains and bad weather delayed spring shopping in much of the country.
L Brands popped on strong same-store sales earlier this month, and the bulls came back to the store on Friday.