Retailers report sales declines for August
...which has outperformed competitors by focusing on low prices, said results rose more than analysts predicted. Meanwhile, Abercrombie & Fitch Co., which has kept prices relatively high, reported a 29 percent drop, bigger than expected. Labor Day falls a week...
Low-price reigns in mixed retail sales reports
"It's really still a discounter's market and an off-price seller's market," said Ken Perkins, president of research firm Retail Metrics.
Consumers continued to favor retailers like Aeropostale Inc and TJX Cos' T.J. Maxx over higher-priced sellers like
U.S. pre-school sales get mediocre grade
Shoppers seeking bargains helped discount chain sales in August. (Paul Moseley/Associated Press)
With files from The Associated Press
U.S. retailers saw August same-store sales slip, but the results were still better than analysts'
Analyst upgrades, downgrades and initiations: AAPL, APC, CAB, DE, HOV, MVL ...
FBR Capital upgraded Anadarko Petroleum (NYSE: APC) to Outperform from Market Perform to reflect upcoming catalysts and the company's opportunity in subsalt. FBR raised its target on shares to $60 from $50.
Citigroup upgraded Marvel (NYSE: MVL) to
Retail Sales In August... Actually Not That Bad
With Costco up over 7% today after its comparable same-store sales beat estimates, it's a good time to take stock of how August retail has held up so far.
Apparel: August saw a general improvement, but performance varied dramatically by brand.
Large U.S. retailers struggle in August as sales fall 2.9%
Many of the nation's largest retailers missed sales expectations in August, continuing a disappointing trend that threatened to ruin another holiday season for several chains.
Overall retail sales fell 2.9% in August, according to Thomson Reuters'
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CEO Pay: Is it still out of sync?
It has been a tough year for the American worker, with unemployment hovering near 10% and cuts in pay or benefits for many of those who still have their jobs.
But one category of worker is still doing pretty well: the chief executive officer. Job
Same-store sales plummet at Abercrombie & Fitch
Abercrombie & Fitch (NYSE: ANF) announced on Thursday that its same-store sales plummeted 29% in August. These results were worse than the expected drop of 23.9%.
Sales in all of its divisions were worse than expected, with sales at the Abercrombie &
Stocks on the move: Amedisys, Ciena, Costco, Del Monte, Quanta
of home nursing services and hospice care said its chief operating officer and chief information officer resigned.
Shares of the following companies are having unusual moves in U.S. trading this morning.
Retailers were active after reporting August
