Teen retailer Hot Topic Inc. raised its forecast for fourth-quarter earnings on Wednesday after reporting that December same-store sales at Hot Topic and Torrid locations open at least a year rose faster than analysts expected.
Monday, 22 Dec 2008 | Source: The Associated Press
Looking for a holiday bargain? You may only have to ask. With sales shaping up to be the lowest in years, retailers say they're taking consumers' demands for good deals seriously.
Wednesday, 7 Jan 2009 | Source: The Associated Press
NEW YORK (AP) — Shares of apparel retailers fell on Wednesday, a day before many are scheduled to report December same-store sales, which are expected to be weak.
Retailers are reporting some of the weakest sales in more than a decade as consumer spending dried up in October amid the uncertainty brought on by the financial crisis and mounting layoffs.
Call this one Reality Check Part Two: a weaker than expected ADP report, along with disappointing earnings guidance from Time Warner and Intel, a big restructuring from Alcoa, and an 11 percent pullback in oil which pulled commodities and commodity stocks down all weighed on the markets today.... Read More
The most important fact about the economic and earnings data in the past couple weeks is that it has generally been worse than the already lowered numbers predicted... Read More