Wal-Mart Stores Inc
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The S&P 500 is down one percent for the week after being up four weeks in a row. So far, the declines we have seen this year have been on the order of three percent.
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NEW YORK-- Shares of some top big-box retail companies are up at 1 p.m.:. Costco Wholesale Corp. rose$. 91 or. 8 percent, to $114.10. Wal-Mart Stores Inc. rose$. 70 or. 9 percent, to $77.03.
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The chain's revenue also missed Wall Street's view, and it lowered its full-year earnings forecast. Shares of Abercrombie, which is still fighting off backlash from some comments CEO Mike Jefferies made seven years ago that recently went viral, dropped $5.23, or 9.6 percent, to $49.14 in midday trading.
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The S&P 500 is down one percent for the week after being up four weeks in a row. So far, the declines we have seen this year have been on the order of three percent.
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NEW YORK-- Shares of some top big-box retail companies are up at 10 a.m.:. Costco Wholesale Corp. rose$. 73 or. 6 percent, to $113.92. Wal-Mart Stores Inc. rose$. 39 or. 5 percent, to $76.72.
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*1st- qtr adj loss/share $1.29 vs est loss $0.60. May 23- U.S. retailer Sears Holdings cast bigger doubts on the progress of its turnaround after reporting a bigger-than-expected quarterly loss, hurt by cooler spring weather.
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Costco Wholesale Corp. fell$. 19 or. 2 percent, to $113.19. Target rose$. 27 or. 4 percent, to $68.67. Wal-Mart Stores Inc. fell$. 70 or. 9 percent, to $76.33.
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Clothing-store chain Gap delivered earnings and revenue that beat Wall Street expectations, an encouraging sign for the recovering retail sector.
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Maybe Kmart's new ad, "Big Gas Savings," suggests the retailer is really selling attitude, and that's not a bad thing.
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NEW YORK-- Shares of some top big-box retail companies are mixed at 1 p.m.:. Costco Wholesale Corp. fell$. 71 or. 6 percent, to $112.68. Wal-Mart Stores Inc. fell$. 54 or. 7 percent, to $76.49.
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May 23- A group of U.S. retailers, including Macy's Inc. and Target Corp., sued Visa Inc. and MasterCard Inc. on Thursday, breaking off from a proposed $7.2 billion settlement reached last year over fees to process credit card transactions.
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A group of retailers, including Macy's and Target, are suing Visa and MasterCard over fees, breaking off from a proposed $7.2 billion settlement reached last year.
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Disruptors are dialing up the pressure in telecom, overcoming the high barriers to entry in one of the market's most capital-intensive industries.
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NEW YORK, May 23- Belgian grocer Delhaize is looking to sell two of its U.S. businesses as it continues to cut costs in the region, according to two sources familiar with the matter. The Food Lion parent has hired Lazard Ltd to sell its Harveys and Sweetbay supermarket businesses, the sources said.
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NEW YORK-- Shares of some top big-box retail companies are down at 10 a.m.:. Costco Wholesale Corp. fell$. 62 or. 5 percent, to $112.76. Wal-Mart Stores Inc. fell$. 58 or. 8 percent, to $76.45.
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Costco Wholesale Corp. fell$. 10 or. 1 percent, to $113.38. Target fell $2.86 or 4.0 percent, to $68.40. Wal-Mart Stores Inc. fell$. 36 or. 5 percent, to $77.03.
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Wal-Mart wants to tell you what to buy on your mobile device and it's using its massive collection of data to make it a reality.
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Workers demanding a minimum wage increase have staged walkouts across the country, saying they can't survive on the money they make. Can they get anything done?
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May 22- Staples Inc stood by its full-year profit outlook and told investors it expected sales to improve through the year after the biggest U.S. office supply retailer by sales reported lackluster results in the first quarter. The comments helped boost Staples shares more than 5 percent, to their highest level in a year.
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NEW YORK-- Shares of some top big-box retail companies are mixed at 1 p.m.:. Costco Wholesale Corp. rose$. 64 or. 6 percent, to $114.12. Wal-Mart Stores Inc. rose$. 01 or percent, to $77.40.