U.S. stocks fell, dragging benchmark indexes from five-year highs, as the Federal Reserve said it will maintain its program to buy securities after the economy unexpectedly shrank in the fourth quarter.
Gap Inc., which drew legions of young adults in the 1990s with classic khakis and swing-dancing ads, is again banking on young, hip customers to resuscitate its sales. Too bad they’re broke now.
Wall Street is hedging its bets on Coach Inc. as the largest U.S. luxury handbag maker’s once- stellar growth falters.
Warnaco Group Inc. wants something to come between it and its Calvin Klein brand.
Wet Seal Inc., the U.S. chain that sells tank tops and denim leggings to teen girls, stands to boost the lowest retail valuation in America by giving in to an activist shareholder’s push for a sale.
The back-to-school shopping season is off to a slow start as retailers and consumers wait to see who will blink first.
Abercrombie & Fitch Co., the teen- clothing retailer, dropped the most in more than 10 years after saying sales fell at European flagship stores last quarter.
Urban Outfitters Inc., the operator of its namesake, Anthropologie and Free People brands, declined the most in two months after reporting fourth-quarter earnings that trailed analysts’ estimates.
Gap Inc. and Target Corp. were among U.S. retailers posting February same-store sales gains that topped analysts’ estimates as unseasonably warm weather boosted purchases of spring merchandise.
Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 4 p.m.
"You have a relatively cheap valuation."
- Eric Beder on Aug 07, 2012