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Retail News

Luxury brands positioned for U.S. boom

Luxury brands positioned for U.S. boom

ANALYSIS: Most men might balk at spending $600 US on a pair of Dior sneakers but for U.S. shoppers like Ephraim, an upbeat 30-year-old, such indulgences are becoming increasingly...

Posted on 5-24-2013 at 2:03 PM
Stephanie Wissink, Senior Research Analyst, Piper Jaffrayplay

Abercrombie & Fitch same-store sales fall 15%

Abercrombie & Fitch Co on Friday reported a steeper-than-expected drop in quarterly comparable sales, in part because of inventory shortages, and the teen clothing retailer's shares...

Posted on 5-24-2013 at 8:07 AM
Brian McGough, Managing Director & Head of Retail Research, Hedgeye Risk Managementplay

Gap first-quarter profit rises 43 percent

Gap Inc reported a higher first-quarter profit on Thursday, helped by a rise in same-store sales at its Old Navy and namesake chains, and growth in Asia.

Posted on 5-23-2013 at 4:33 PM
Staples quarterly profit misses analysts' estimates

Staples quarterly profit misses analysts' estimates

Staples Inc. reported a slightly lower-than-expected quarterly profit on Wednesday, hurt by a stronger dollar and weak sales in Europe and Australia.

Posted on 5-22-2013 at 8:18 AM
Paul Bagnell reportsplay

Sears Canada posts loss, names CFO

Department store chain Sears Canada Inc. posted a loss in the first quarter compared with a profit last year, and named E.J. Bird as chief financial officer.

Posted on 5-22-2013 at 8:14 AM
Lowe's results miss estimates, underperforming Home Depot

Lowe's results miss estimates, underperforming Home Depot

Lowe's Cos Inc reported a weaker-than-expected quarterly profit on Wednesday, hurt by colder-than-usual weather at the start of the spring selling season and strong competition from larger...

Posted on 5-22-2013 at 8:11 AM
Saks sees sales rising, speeds up e-commerce launch

Saks sees sales rising, speeds up e-commerce launch

Saks Inc reported higher-than-expected first-quarter sales on Tuesday and said it would speed up the launch of an e-commerce site for its outlet chain as it tries to catch rivals.

Posted on 5-21-2013 at 8:38 AM
R.J. Hottovy, director consumer equity research, with Morningstar play

Best Buy sees investments squeezing profits

Best Buy Co Inc reported weak quarterly sales on Tuesday and warned that a slew of investments to entice shoppers could squeeze profits in the near term.

Posted on 5-21-2013 at 8:04 AM

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