Jan 28- Teen apparel retailer Abercrombie& Fitch Co stripped Chief Executive Mike Jeffries of his chairman duties, bowing to investor pressure to reduce his control over the struggling company.
DALLAS-- First-quarter revenue at discount retailer Tuesday Morning rose slightly to $172.8 million, from $170.7 million, in the same quarter last year. Excluding one-time items, Tuesday Morning Corp. it expects its net loss for the quarter to "increase modestly" from the same quarter last year. Shares rose 6 cents to $6.28 in premarket trading.
Take a look at some of Thursday’s morning movers:
Don't believe the drop in consumer confidence. Shoppers may be more willing to spend again. "Consumers are clearly telling us they are beginning to get tired of saving money," says one industry pro.