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Analysts Trim Outlook For Urban Outfitters
2014 Oct 17, 2:56pmUrban Outfitters, Inc. (NASDAQ: URBN) made its second apology in a month Thursday, this time for falling same-store sales it said will hurt profits in the current quarter. Urban Outfitters fell more than 15 percent Friday to $29.15 per share. The Philadelphia-based company last month issued a...
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Wal-Mart's Lowered Guidance: A Preview Of Weak Retail Earnings?
2014 Oct 16, 3:02pmOn Thursday, The Street published an article by Brian Sozzi titled, "Disturbing News From Walmart Could Signal Retail Shockwaves." Within the report, Sozzi wrote that Wal-Mart Stores, Inc. (NYSE: WMT) ugly guidance should be a “wake up call” for for retail investors. On...
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General Motors: Best Third Quarter Global Sales In Over 30 Years
2014 Oct 15, 10:49amGeneral Motors Company (NYSE: GM) released a press statement on Wednesday morning that it's third quarter performance was its "best third quarter since 1980." General Motors sold 2,449,595 vehicles globally in the third quarter, a 2 percent improvement from a year ago. Throughout 2014, General...
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Is JC Penney The Worst-Returning Retail Stock Since The Great Recession?
2014 Oct 14, 3:35pmBy now, most investors know that J.C. Penney (NYSE: JCP) has not had a good run over the past several years. The retailer has famously struggled to turn its business around, and the turnaround efforts of high-profile Chief Executive Officer Ron Johnson largely fell flat. But while J.C. Penney is...
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2014 Oct 14, 2:48pm
A Closer Look At Major Retail Chains That Announced Store Closures In 2014
Brian Sozzi of Belus Capital Advisors on October 6 said J.C. Penney Company Inc (NYSE: JCP) should have announced further store closures during its analyst day. "With the top and bottom lines moving in the right direction (store closures won't be viewed as a sign of weakness), analyst...
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Lululemon Athletica Falls 3% Amid Reports Of A Sales Decline
2014 Oct 13, 3:25pmLululemon Athletica inc. (NASDAQ: LULU) fell Monday amid a report from Bloomberg that ITG Market Research forecasted a decline in sales for the company. The ITG report saw Q3 sales of $408 million versus the consensus estimate of $425 million. According to the report, the decline in sales was...
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Holiday Spending Forecast At Highest Level In 3 Years
2014 Oct 09, 10:51amGrowth in jobs and personal income should help boost holiday spending to its highest level in three years, the International Council of Shopping Centers said Thursday. The group expects shoppers will spend $488.6 billion in the November through January period, up 4 percent from last year, according...
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The Gap Inc. Falls On September Sales; Change In CEO
2014 Oct 08, 5:35pmThe Gap Inc. (NYSE: GPS) fell sharply in after-hours trading amid disappointing September sales news and an upcoming change in the CEO. Gap reported that “September 2014 net sales were up 1 percent compared with last year. Net sales for the five-week period ended October 4, 2014 were...
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Analysts Say Costco Wholesale Corporation Margins Could Be Turning The Corner
2014 Oct 08, 2:56pmCostco Wholesale Corporation's (NASDAQ: COST) wider-than-expected profit margin for its recent quarter could be the beginning of an earnings upturn for the bulk retailer, analysts said Wednesday. The Issaquah, Washington-based company's results Wednesday exceeded Wall Street's...
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J C Penney Company Inc Shares Fall After Disappointing Guidance At Analyst Day
2014 Oct 08, 1:44pmShares of J C Penney Company Inc (NYSE: JCP) moved lower following disappointing guidance from the company's analysts day, combined with news of vendor shipments being withheld at Sears Holdings Corp. The company now said same-store sales growth this quarter would be less than forecast,...
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EBay Inc, Amazon.com, Inc. Shares Volatile Following ChannelAdvisor Same-Store Sales Data
2014 Oct 08, 11:23amShares of e-commerce giants Amazon.com, Inc. (NASDAQ: AMZN) and eBay Inc (NASDAQ: EBAY) are volatile in Wednesday’s session following ChannelAdvisor's same-store sales data. ChannelAdvisor reports Amazon September same-store sales came in a 37.9 percent, down from 45.1 percent in...
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Yum! Brands Inc. Misses Q3 Views, Slashes Outlook
2014 Oct 07, 5:58pmYum! Brands Inc. (NYSE: YUM) missed Wall Street's third-quarter expectations Tuesday and slashed its 2014 earnings outlook, citing a food-handling fiasco that continues to spook its customers in China. Profits grew to $404 million, or $0.89 cents a share, from $152 million, or $0.33 cents a share a...
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Christopher & Banks Corporation Shares Plunge Following Updated Q3 Outlook
2014 Oct 07, 3:57pmChristopher & Banks Corporation (NYSE: CBK) announced on Tuesday an update to its financial outlook for the third quarter. The specialty women's apparel retailer expects its total net sales to be in the range of $114 million to $118 million, below the company's prior guidance of $...
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Colder Weather Gives Retailers A September Boost
2014 Oct 07, 12:09pmColder fall weather touched off a lust for fall apparel and boosted traffic in shopping malls and other outlets, according to a widely watched retail survey. The Johnson Redbook Sales Index released Tuesday showed seasonally September sales grew 4.4 percent. The weekly index is said to provides...
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2014 Oct 07, 9:40am
RadioShack Corporation: Analysts Sees Concerns Over New Financing
RadioShack Corporation (NYSE: RSH) shares fell sharply on Monday on news of it refinancing a $535 million line of credit. The refinancing included a $120 million investment that is expected to convert to equity. Overall, analysts seem skeptical that the company can avoid bankruptcy. While the...
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