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Home-furnishings retailer Williams-Sonoma said Thursday net income for the fiscal third quarter fell 7 percent, hurt by falling same-store sales and higher expenses.
U.S. retailers are touting holiday deals and discounts earlier than ever this year, but the efforts may fall flat as consumers expect to start shopping for this crucial season later than ever, according to a survey released Tuesday by NPD Group.
U.S. stocks closed little-changed amid investor concerns that more credit troubles may be down the road. "I think there's still a lot of convincing to do to investors that things are going to work out fairly well," said Sam Stovall, chief investment strategist at Standard & Poor's.
Qwest Communications said late Sunday it has named former Williams-Sonoma CEO Edward A. Mueller to succeed retiring Chairman and CEO Richard C. Notebaert.
Sears Holdings on Tuesday forecast lower quarterly profit and said it needs to better control its costs and stock more items that its shoppers demand, sending shares down more than 8.7%.
Williams-Sonoma, the upscale home furnishings retailer, Wednesday reported lower quarterly profit, citing challenging sales in its core brands, but still beat Wall Street estimates.
Home furnishings retailer Bed Bath & Beyond said its quarterly profit rose 4% on higher sales at established stores.
Home furnishings retailer Williams-Sonoma said Thursday its fiscal fourth-quarter profit edged up on increased revenue.
Target is one of the few retailers enjoying a good Christmas season. Much of the giant discounter's success can be traced to their so-called "cheap chic" styles. However, some upscale competitors now claim Target's styles are not their own. Jane Wells investigated why one of the brightest retail lights of the holiday season might become a legal "target."