Retailers report September sales declines, though many results come in better than expectedOctober 8th, 2009 Many retailers report September sales declinesNEW YORK — Early September reports from retailers show sales are still falling for many amid worries about jobs and tight credit, but many of the results came in better than expected. As stores announced their results Thursday, teen retailer Wet Seal Inc.
Costco 4th-quarter profit slips partly on stronger dollar, but tops analysts' estimatesOctober 7th, 2009 Costco 4Q profit falls 6 percent but tops viewsNEW YORK — Costco Wholesale Corp. said Wednesday that its fiscal fourth-quarter profit fell 6 percent, partly on the stronger dollar and increased employee benefit costs, but results beat analysts' estimates.
September retail sales improve but some barely match 2005, SpendingPulse reportsOctober 6th, 2009 September retail sales improve but still weakNEW YORK — U.S. retail sales figures from a key data service show signs of a rebound in September from last year's deep plunge.
Caris analyst says September sales will come in strong for retailers this weekOctober 5th, 2009 Caris analyst predicts strong same-store salesNEW YORK — Shares of major department-store operators rose on Monday amid positive comments from an analyst who predicted strong same-store sales in September. The broader market rose, as well.
Analyst raises Gap target, estimates on Old Navy performanceSeptember 4th, 2009 Analyst raises Gap target on Old Navy performanceMILWAUKEE — An analyst on Friday raised her estimates and price target for Gap Inc. on the retailer's sales performance last month, primarily in its Old Navy segment.
Shares of Sport Supply Group fall as analyst cites decline in catalog revenueAugust 28th, 2009 Shares of Sport Supply Group downHARTFORD, Conn. — Shares of Sport Supply Group Inc.
GameStop to fall short of 2nd-qtr outlook and cut its '09 forecast, analyst says; shares slideAugust 17th, 2009 Ahead of the Bell: GameStop to fall shortNEW YORK — Shares of GameStop Corp., the world's largest videogame retailer, slid 5 percent in premarket trading Monday after an analyst predicted its second-quarter results would fall short and the company would have to cut its guidance. Wedbust Morgan analyst Michael Pachter said in a note to investors that GameStop results on Thursday are expected to be well below its own estimates due to the total decline in sales in the U.S.
Norwegian aluminum company Norsk Hydro posts 73 percent tumble in Q2 profitJuly 22nd, 2009 Norway's Hydro posts 73 pct Q2 profit tumbleOSLO — Norwegian aluminum supplier Norsk Hydro ASA on Wednesday reported a 73 percent plunge in second quarter profits, citing "historically" weak demand amid the economic crisis. Net profit fell to 211 million kroner ($33.5 million) in the second quarter, down sharply from 786 million kroner in the same period last year.
Target same-store sales fall 6.2 percent in June, more than analysts expectedJuly 9th, 2009 Target June same-store sales fall 6.2 percentMINNEAPOLIS — Discount retailer Target says its same-store sales fell 6.2 percent in June as customers continued to shop sparingly and spend mainly on necessities such as healthcare products and food. Still, the Minneapolis-based company says it expects to meet or exceed analyst expectations for second-quarter profit.
Daimler US posts June sales decline of 26.5 percent for Mercedes-Benz and micro-carsJuly 1st, 2009 Daimler US sales decline 26.5 percent in JuneNEW YORK — Daimler AG said Wednesday that combined U.S. sales for its Mercedes-Benz and smart micro-cars fell nearly 26.5 percent in June compared with the same month a year earlier.
Ford analyst calls June industry's best month in '09; sales down less than 30 pctJune 29th, 2009 Ford analyst says June best month for sales in '09DEARBORN, Mich. — Ford Motor Co.'s top sales analyst says June was the industry's best month of the year, with sales falling less than 30 percent.
Ford analyst says June could be the industry's best month in '09; sales down less than 30 pctJune 29th, 2009 Ford analyst says June may be best month for '09DEARBORN, Mich. — Ford's top sales analyst said Monday U.S.
CarMax 1st-quarter profit drops 2.7 percent on sales decline, charges related to loansJune 19th, 2009 CarMax 1Q earns fall, but tops viewRICHMOND, Va. — Auto retailer CarMax says its fiscal first-quarter profit fell 2.7 percent on a double-digit sales drop.
Target May same-store sales decline 6.1 percent, miss Wall Street expectationsJune 4th, 2009 Target May same-store sales slip 6.1 percentMINNEAPOLIS — Target Corp. says its same-store sales declined worse than analysts expected in May.
Ingersoll-Rand posts loss in 1st quarter but beats Wall Street estimates on cost cuttingApril 22nd, 2009 Ingersoll-Rand posts 1Q loss but tops expectationsNEW YORK — Ingersoll-Rand Co. said Wednesday it fell to a loss in the first quarter but the diversified industrial manufacturer topped Wall Street's expectations, due in part to cost cutting.
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