Skip navigation
Sector roundup: Restaurants, apparel retailers
By The Associated Press | 05 Dec 2008 | 02:18 PM ET
Text Size

Among the sector activity stories for Friday, Dec. 5, from AP Financial News:

NEW YORK (AP) — As the number of unemployed consumers climbs, Wall Street analysts say restaurant sales, profits and stock prices are likely to drop, leading to even more layoffs in the restaurant industry.

NEW YORK (AP) — Shares of apparel retailers fell on Friday, a day after many reported disappointing November same-store sales results and as the general market tumbled on an unemployment report that was the worst in 34 years.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC MOBILE  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis