Michael Kors Holdings to close stores as sales lag
Michael Kors Holdings Ltd. (KORS) on Wednesday reported a fiscal fourth-quarter loss of $26.8 million, after reporting a profit in the same period a year earlier.
Wall Street little changed as financials drop, defensive stocks gain
U.S. stocks were little changed on Wednesday as financials dropped after JPMorgan and Bank of America warned of revenue weakness, offsetting gains in defensive plays.
Wall Street little changed as financials drop, defensive stocks gain
U.S. stocks were little changed on Wednesday as financials dropped after JPMorgan and Bank of America warned of revenue weakness, offsetting gains in defensive plays.
Slowing Sales Growth at TJMaxx, Marshalls Parent Stokes Retail-Industry Concern
Shares of the off-price retailer, which has been a standout performer for the retail industry in recent quarters, dropped more than 5% ahead of the opening bell.
Michael Kors to shutter more stores, swings to loss in fiscal 4Q
More pain in the retail sector: Luxury retailer Michael Kors revealed a fiscal fourth-quarter loss and said it will close up to 125 stores in the next two years.
Michael Kors to shutter more stores, swings to loss in fiscal 4Q
More pain in the retail sector: Luxury retailer Michael Kors revealed a fiscal fourth-quarter loss and said it will close up to 125 stores in the next two years.
Wall Street slips as energy, financials lose ground
U.S. stocks inched lower on Tuesday, with the S&P 500 retreating slightly from a record, as weakness in the energy and financial sectors outweighed gains in technology shares.
S&P 500 hits record high after upbeat retail results
The S&P 500 and Nasdaq hit record closing highs on Thursday, with the market propped up by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers.
Markets Right Now: Retail gains send indexes to record highs
The latest on developments in financial markets (All times local): 9:35 a.m.
Sears revenue continues decline amid tough landscape
Sears Holdings Corp. is reporting first-quarter net income of $244 million, after reporting a loss in the same period a year earlier.
Best Buy: Shoppers take advantage of tax refund checks
Best Buy Co. (BBY) on Thursday reported fiscal first-quarter earnings of $188 million.
Best Buy: Shoppers take advantage of tax refund checks
Best Buy Co. (BBY) on Thursday reported fiscal first-quarter earnings of $188 million.
Abercromie & Fitch sales beat fueled by Hollister demand
As a dark cloud hovers over the retail industry, the first quarter wasn’t as bad as Wall Street expected for teen clothier Abercrombie and Fitch, sparking a rally in the company's shares.
Medtronic 4Q profit tops Wall Street forecasts
Medtronic PLC (MDT) on Thursday reported fiscal fourth-quarter profit of $1.16 billion.
Medtronic 4Q profit tops Wall Street forecasts
Medtronic PLC (MDT) on Thursday reported fiscal fourth-quarter profit of $1.16 billion.
Abercrombie loss widens, but Hollister remains a bright spot
Abercrombie & Fitch Co. (ANF) on Thursday reported a loss of $61.7 million in its fiscal first quarter.
Abercrombie loss widens, but Hollister remains a bright spot
Abercrombie & Fitch Co. (ANF) on Thursday reported a loss of $61.7 million in its fiscal first quarter.
Best Buy's sales surprise spikes stock
Best Buy reported an unexpected rise in quarterly comparable sales, helped by demand for gaming and mobile products.
Best Buy's sales surprise spikes stock
Best Buy reported an unexpected rise in quarterly comparable sales, helped by demand for gaming and mobile products.
Sears reports first quarterly profit in almost 2 years
Sears Holdings reported its first quarterly profit in almost two years, as the retailer fights to continue as a going concern.