stocks Pacific Sunwear Of California Inc

  • Consumer spending didn't slow down that much but apparently consumer bill paying has. Look at Capital One. The company is taking a $1.9 billion provision for loan losses in the fourth quarter and cut its full year profit forecast by more than 20 percent, blaming rising consumer loan losses and higher legal reserves.

  • Pacific Sunwear of California said on Thursday it appointed Michael Henry as interim chief financial officer, replacing Gerald Chaney, who has resigned.

  • One of my mother's favorite lines is the one about not saying anything if you can't think of something nice to say. Well that was the story of the markets Monday. What a day of angst. Look at this headline from a note sent by MF Global's Andy Brenner Monday afternoon: "The market has traded like a crazed man with no liquidity." Yikes.

  • Som midday observations: 1) Despite being grilled on the weak dollar, higher inflation, and the subprime crises and what he is doing about it, Bernanke has said little new. He says that economic activity has remained "resilient" but that "financial market volatility and strains have persisted." He seems to want to keep all his options open for December.

  • Well, the retailers came in generally in line with the gloomy expectations: plenty of markdowns on warm weather. Two-thirds were below expectations, according to RetailMetrics. Department stores missed expectations across the board.

  • Cash Register

    September same-store sales growth falls to its slowest pace in three years, forcing a number of retailers to cut their third-quarter earnings forecast.

  • Holiday Shopper at Walmart

    Balmy temperatures meant a few more weeks of summer, but the warm weather likely put a chill on retail sales.

  • U.S. discounters and department stores reported strong July sales on Thursday, but clothing stores suffered from a slow start to the back-to-school shopping season.

  • Guess Top

    With most retailers to report their sales from the previous month Thursday, Christine Chen, vice president of equity research-specialty retail at Needham & Co., foresees low sales numbers for adult/"missy" retailers, despite June being a clearance month.

  • With May same-store sales out today, one analyst said that youth apparel retailers performed well last month, though he expects the next two months will be better tests for consumer sales.Strong sales at Pacific Sunwear and Zumiez represent "their strength in the West Coast lifestyle," Piper Jaffray retail analyst Jeff Klinefelter said on "Squawk Box." He added that small cap vendor Phillip Van Heusen performed well also.

  • Nancy Beaumont

    Good morning all. Here's what's happening on our finals leaderboard with three days of trading left. Nancy Beaumont--pictured left--remains in first place--even with losing almost $30K on Pacific Sunwear Tuesday. And Serge Amelyan moves back into 2nd on an almost $5K gain on Vanda Pharma, and helped by Steven Lee's $76K loss on Neurochem.

  • Nancy Beaumont

    Good morning. Chinese gaming stocks are in the spotlight Monday as The9 propelled Nancy Beaumont to the top of the pack on its 10.31% gain. The9 was up on the news that Electronic Arts agreed to buy a $167M stake in the company, and also licensed a soccer game to The9. Steven Lee managed to hold onto second even though he was all in cash after Friday's trading. He has now gone all-in on Neurochem.

  • 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.

  • A group of girls all wearing jeans walk in front of the Levi's store on Union Square in San Francisco, Tuesday, April 10, 2007. Levi Strauss & Co. is expected to release quarterly earnings on Tuesday, April 10, 2007. (AP Photo/Eric Risberg)

    Levi Strauss & Co. reported a 61% rise in quarterly net profit on Tuesday, as higher-priced denim and apparel boosted sales for the iconic brand.

  • Teen retailer Pacific Sunwear of California on Thursday reported an 80% decline in quarterly net profit that matched Wall Street estimates, hurt by store closure costs and higher markdowns during the quarter.

  • 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.