Company: Saks Incorporated

Stocks faded in the final hour of trading Tuesday to finish lower following news that Greek depositors withdrew 700 million euros from the nation's banking system and after Greece's leaders failed to agree on a coalition government.

Saks reported a 13 percent bump in first-quarter profit, but weak demand of women's designer merchandise helped to pull revenue below Wall Street estimates.

US stock index futures erased their gains to turn negative Tuesday after Greek party leaders failed to agree on a coalition government, trumping earlier euphoria over a batch of better-than-expected economic news.

Luxury retailer Saks Inc. reports its fiscal first-quarter results before the regular markets close Tuesday. The numbers should give insight into the strength of the luxury sector and whether the financial crisis in Europe is hurting the retailer's tourist business.

(Reuters) - Estée Lauder Cos Inc <EL.N> gave a profit forecast that disappointed Wall Street on Friday and flagged concerns about a potential slowdown in China, a market that has fueled the high-end beauty products company's sales.

(Reuters) - Estée Lauder Cos Inc <EL.N> gave a profit forecast that disappointed Wall Street on Friday and flagged concerns about a potential slowdown of China's economy, a market that has helped fuel the high-end beauty company's sales.

Saks Inc. said Thursday its revenue at stores open at least a year rose 2 percent in April as shoppers picked up spring clothing, shoes and handbags.

With the early start of spring and Easter behind us, retail sales have slowed in April, with many retailers falling short of analysts' estimates.

Americans have reached for their credit cards less often this year. That's bad news for Visa and MasterCard, which report their quarterly earnings Wednesday.

Retailers are reporting strong sales gains for February, as rising consumer confidence is helping consumers to feel more comfortable spending again.

Helped by strong online sales, the luxury department store reported a higher quarterly profit on Tuesday, and forecast continued sales growth.

Retailers reported mixed sales results in January, offering a signal that American consumers remain cautious amid a weak economic recovery.

Department-store operator Saks had a profitable holiday-shopping season thanks to customers who paid full price, CEO Stephen Sardove told CNBC.

Tiffany & Co. sales over the holiday season weakened markedly in the U.S. and Europe, prompting the upscale jeweler to lower its full-year profit forecast and sending its shares down nearly 8 percent in pre-market trading.

Shopping while drinking has long benefited high-end specialty retailers; now the popularity of Internet sales has opened alcohol-induced buying to the masses, the New York Times reports.