Canadian stocks rose, paring a weekly decline, after European nations other than the U.K. agreed to adopt tougher budget rules to save the euro currency.
Ross Stores Inc. is gaining on rivals as its 60 percent discounts on Calvin Klein shirts and Nike sneakers win customers seeking bargains amid a slowing economy.
U.S. retailers reported the smallest increase in monthly sales since November, with teen-clothing retailers Abercrombie & Fitch Co. and Aeropostale Inc. dragging down results.
TJX Cos. plans to cut 4,400 jobs as it converts 91 A.J. Wright stores into T.J. Maxx, Marshalls or HomeGoods stores and closes the brand’s remaining 71 locations.
Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parenthesis, and prices are as of 1:45 p.m. in New York.
Lululemon Athletica Inc. Chief Financial Officer John Currie credits the financial crisis for teaching the largest Canadian yoga-wear retailer where to open stores.
Howard Tubin, an equity analyst at RBC Capital Markets in New York, talks with Bloomberg's Pimm Fox and David Wilson about Lululemon Athletica Inc.
U.S. stocks rose, with the Standard & Poor’s 500 Index building on its biggest rally in almost two months, after retail sales improved, initial jobless claims fell and pending home sales unexpectedly increased.
U.S. retailers reported July sales gains that missed analysts’ estimates as consumers cut spending ahead of the back-to-school season.
Aeropostale Inc. , American Eagle Outfitters Inc. and TJX Cos. reported July sales that missed analysts’ estimates as consumers cut spending ahead of the back- to-school season.