Account
Retailers saw sales pick up a bit in April, but they continue to be stymied by cool weather.The group has now marked its fiscal first quarter--February, March and April--weighed down by temperatures and storms that kept its warm-weather merchandise on shelves. The showing doesn't bode well for the first-quarter results retailers will release later this month."There just wasn't a reason to go to the mall because the weather wasn't cooperating," said Barbara Kahn, director of the Baker Retailing Center at the Wharton School. "There are also economic matters like the payroll tax that serve as a drag," she said.Gap Inc. (GPS) was an exception, reporting same-store sales growth of 7% for April, when 5.5% was expected. Gap stores rose 8%, Banana Republic increased 1%, and Old Navy was up 9%.Costco Wholesale Corp. (COST) posted a 6% rise in U.S. same-store sales minus gasoline, missing the 6.3% increase that was expected. By category, food posted growth in the mid-single-digit percentage rang...
U.S. retail sales rose in October, as retailers closed their books on the month before the brunt of Hurricane Sandy slammed the Northeast.Target Corp.'s (TGT) same-s...
The S&P Retail Index rose on Thursday, led by Ross Store Inc., TJX Cos. , Nordstrom Inc. and Limited Brands Inc. , after the chains bucked the trends and posted bett...
Several top retailers reported stronger-than-expected sales in May, as shoppers overcame growing anxiety about the U.S. economy and the job market.Victoria's Secret ...
DOW JONES NEWSWIRESThe following companies are among those that have reported February retail sales:COMPANY SYMBOL SAME-STORE FIRST CALL EST. Bon-Ton BONT 0.7% N/A B...
DOW JONES NEWSWIRESThe following companies are among those that have reported January retail sales:COMPANY SYMBOL SAME-STORE FIRST CALL EST. Bon-Ton BONT (3.5%) N/A ...
A number of top U.S. retailers reported disappointing April sales on Thursday as consumers gravitated toward discount chains and bad weather delayed spring shopping ...
Retailers continue to be stymied by cool weather, leading to generally lukewarm sales for April.The group has now marked its fiscal first quarter--February, March an...
Retailers posted tepid sales for a second month in a row, with March blasted by cold weather and a still-uncertain consumer, much like February. Retailers were also ...
Retailers are posting tepid sales for a second month in a row, with March blasted by cold weather and a still-uncertain consumer, much like February.Spring and summe...
Next week's quiet earnings calendar will include a handful of retailers, as well as fertilizer giant Mosaic Co. (MOS) and software company Red Hat Inc. (RHT).Cyprus ...
Ross Stores Inc. , Zumiez Inc. and Fred's Inc. were among the decliners in the retail sector on Thursday after they reported disappointing February same-store sales....
U.S. retail sales rose in October, as retailers closed their books on the month before the brunt of Hurricane Sandy slammed the Northeast.Macy's Inc. (M) same-store ...
