Adrienne Tennant News
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Rue21 Inc. investors holding out for a rival takeover offer may have nothing to lose.
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U.S. retailers posted October same- store sales that topped analysts’ estimates as rising home values and consumer confidence boosted spending. Gap Inc. and Target Corp. were among chains that trailed projections.
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Chico’s FAS Inc.’s purchase of online retailer Boston Proper will add more cutting-edge fashions, a change from the women’s clothing chain’s more conservative lineup, Chief Executive Officer David Dyer said.
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Lululemon Athletica Inc. gained the most in three months after the Canadian yoga-wear retailer boosted its annual profit and sales forecasts, helped by strength in its online business and store openings.
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Thanksgiving Day openings and midnight deals at retailers from Target Corp. to Wal-Mart Stores Inc. drew U.S. shoppers out earlier than ever, trimming spending on Black Friday at stores. Online shopping surged.
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Lululemon Athletica Inc. Chief Executive Officer Christine Day was unapologetic after projections for second-quarter sales missed analysts’ estimates, sparking the biggest stock decline in 10 months.
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Thanksgiving Day openings and midnight deals at retailers from Target Corp. to Wal-Mart Stores Inc. drew U.S. shoppers out earlier than ever, trimming spending on Black Friday.
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Talbots Inc. is so cheap that the apparel retailer may now lure private-equity firms even after losing $763 million in the past four years.
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Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parenthesis and prices are as of 4 p.m. in New York.
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U.S. retailers including Gap Inc. and Macy’s Inc. posted August same-store sales that topped analysts’ estimates as consumers took advantage of back-to- school promotions.
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