Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Teen apparel retailers led generally stronger-than-expected same-store sales in September, with a late start to the back-to-school season helping those chains beat Wall Street forecasts.
Department stores and luxury chains also posted forecast-beating results, though retail experts warn the gains could be short-lived as consumers draw up budgets for the holiday shopping season. Get the full story »
Sales at U.S. retailers increased more than expected in August, notching their largest gain in five months on strong receipts at gasoline stations and clothing outlets, according to a government report that further assuaged fears of a double-dip recession. Get the full story »
Inventories held by wholesalers surged in July by the largest amount in two years, while sales rebounded after two straight declines.
U.S. retailers posted better-than-expected sales in August as consumers sought out bargains during the key back-to-school selling season. Get the full story »
Wal-Mart Stores Inc posted a higher quarterly profit, helped by cost cuts and growth in international markets as sales at U.S. stores open at least a year fell.
The world’s largest retailer said Tuesday profit was $3.60 billion, or 97 cents a share, in the second quarter ended July 31. Analysts on average forecast 96 cents, according to Thomson Reuters I/B/E/S. Sales at discount stores open for a year in the company’s key U.S. market fell 1.8 percent. Same-store sales in that unit had fallen in each of the past four quarters. Get the full story »
J.C. Penney Co. forecast a full-year profit below Wall Street expectations and stoked concerns that it may need further discounts to clear merchandise built up last quarter, sending its shares lower.
Penney said its shoppers, who tend to have a lower household income and are more likely to turn to discount chains and dollar stores when budgets are tight, were vulnerable to weak economic conditions. Get the full story »
Retail sales managed a modest increase in July after two consecutive declines, but the strength was concentrated in higher sales of autos and gasoline. Most other retailers saw their sales fall.
The Commerce Department says sales rose 0.4 percent last month while sales excluding autos were up 0.2 percent. Both figures were slightly below expectations.
Sales at U.S. retailers fell for a second month in June, pulled down by weak receipts at automotive dealers and gasoline stations, according to a government report on Wednesday that added to evidence the economic recovery was proceeding at a moderate pace. Get the full story »
