U.S. stock index futures added to gains after European Central Bank President Mario Draghi said growth risks are on the downside and should be contained by effective policymaker action. Brokerages Canaccord Genuity, Robert W. Baird& Co, Mizuho Securities USA, BMO Capital Markets and ThinkEquity Llc cut their price targets on the stock.
*Sales at Costco and Gap top expectations. *Macy's, Target, Kohl's sales miss analysts' forecasts. "I think September overall is going to be OK; I don't think it's going to be great," said John Rooney, national retail& distribution sector lead for Deloitte Consulting.
*Macy's, Target sales miss analysts' forecasts. Retailers including Costco Wholesale Corp, Victoria's Secret operator Limited Brands Inc and teen chain Zumiez Inc posted bigger-than-expected gains in September sales at stores open at least a year. Target Corp and Macy's Inc posted same-store sales increases that missed analysts' expectations.
Oct 4-* Thomson Reuters same store sales index ex-drugstore chains 3.6 percent in.
U.S. stock index futures added to gains after European Central Bank President Mario Draghi said growth risks are on the downside and should be contained by effective policymaker action. **NUVASIVE INC, Wednesday close $22.62, down 29.3 pct premarket. **INFORMATICA CORP, Wednesday close $33.63, down 19.7 pct premarket.
CINCINNATI-- Macy's said Thursday that a key measure of revenue rose 2.5 percent in September, coming in short of analysts' predictions for a gain of 3.3 percent, according to Thomson Reuters.
September sales rose 3.9 percent _ a slowdown from the 6- percent rise in August _ as 22 retailers like Macy's and Costco reported mixed results, according to the International Council of Shopping Centers. "This should set up to be a good holiday season," said Ken Perkins, president of Retail Metrics LLC, a research firm.
*Same-store sales up 2.5% in September. *September sales rose 2.7 percent to $2.36 billion. *September same store sales view up 3.3 percent-- Thomson Reuters data.
U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising between 0.2 and 0.5 percent. **NUVASIVE INC, Wednesday close $22.62, down 27.4 pct premarket.
*Sales from Costco, Limited, Zumiez top expectations. Retailers including Costco Wholesale Corp and Victoria's Secret operator Limited Brands Inc posted bigger-than-expected gains in September sales at stores open at least a year.
What CFOs are more concerned about is how consumer confidence may be affected by next month's presidential election, according to an annual poll by BDO USA, the assurance, tax and financial consulting firm.
NEW YORK-- Macy's Inc. plans to hire about 80,000 seasonal workers this holiday season, a 2.5 percent increase from last year when the Cincinnati- based operator of Macy's and upscale Bloomingdale's hired 78,000 workers.
*To hire 80,000 seasonal associates in 2012.
NEW YORK-- A Sterne Agee analyst on Monday raised his rating for Finish Line Inc. to "Neutral" from "Underperform," citing the athletic footwear company's new deal that will put its athletic footwear shops in more than 450 Macy's stores in the U.S.
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Fashion Week’s parties are big, and the industry is even bigger, but expect elements of simplicity and the beginning of a “pants cycle” this season, industry forecasters predict.
This year, parents are saying they are planning on spending more on back-to-school supplies despite the tough economic times.
One of the hot topics the venture capitalists, entrepreneurs and executives have been buzzing about at Fortune's Brainstorm Tech conference is marketplaces.
Estimates for the back-to-school shopping season are starting to come in and some of the reports are pretty grim, as analysts fear recent weakness in consumer spending will only grow worse in the months ahead.
Days after Target announced a new partnership with high-end department store Neiman Marcus, the company hit fresh a 52-week high on Friday. Still, one analyst thinks it has more room to run.