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Home goods retailer Williams-Sonoma reported a decline in its holiday same-store sales Tuesday and gave a weak outlook for the current quarter and upcoming fiscal year, sending its shares down 11 percent in morning trade.
Stocks closed higher as a rally in technology shares helped offset more uncertainty in the credit markets and troubling economic signs.
Pier 1 Imports Thursday reported a smaller quarterly loss as the home décor retailer phases out its Pier 1 Kids and e-commerce units to try to return to profitability.
Stocks closed higher as investors were encouraged by solid economic data amid a broad rally in technology stocks. "We were pretty oversold yesterday," said Tom Schrader, managing director of US listed trading at Stifel Nicolaus. "We had some good news from the tech sector which propelled the Nasdaq higher."
Furniture and home goods retailer Pier 1 Imports said Thursday its first-quarter loss more than doubled as sales and margins on merchandise declined.
SunTrust, Starbucks, Superior Offshore and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
An early Easter and strong demand for clothing boosted U.S. retail sales in March, but rising gasoline prices and a soft housing market cast doubts about spending in coming months, according to data published by SpendingPulse.
Struggling retailer Pier 1 Imports reported another drop in quarterly sales Thursday, but its operating loss for the latest period was narrower than analysts' expectations.
Home furnishings retailer Bed Bath & Beyond said its quarterly profit rose 4% on higher sales at established stores.
Hi folks. Here's guest blogger Jeff Mishlove with his contest stock picks for most of the week (he'll have Friday's later on as he says). Be sure you read through and remember as Jeff says, this is not a buy and hold strategy--for longer than one day. Here's Jeff:
Struggling home decor retailer Pier 1 Imports on Tuesday said Alex Smith, who was most recently senior executive vice president with TJX , would become chief executive.
Retailers reported mixed sales for December, as unusually warm weather hurt sales of winter apparel but stores with high-end or big-ticket items lured shoppers at the end of the month.
Pier 1 Imports on Thursday said November sales had fallen 15.3% at its stores open at least a year as aggressive advertising and discounts failed to attract more shoppers.