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AP Sears’ loss narrowed to $ 558 million in the third quarter. Same-store sales fell 17% at Sears and 13% at Kmart. (Reuters) – Sears Holdings Corp continued its streak of declining sales in the third quarter, reporting a double-digit drop in comparable sales at its Sears and Kmart chains. Sales at Sears stores […]
AP Images/Paul Sakuma (Reuters) – Tiffany & Co reported lower-than-expected quarterly sales and a surprise drop in comparable sales due to lower spending by tourists and domestic customers in the Americas, its largest market. The company’s shares fell 5.6 percent to $ 87.95 before the bell on Wednesday. Tiffany, whose one-of-a-kind pieces are a regular […]
Reuters/Mohammad Khursheed (Reuters) – Lowe’s Cos Inc, the No. 2 U.S. home improvement retailer, reported lower-than-expected quarterly profit and comparable sales, sending its shares down 7 percent in premarket trading on Wednesday. Lowe’s results were a contrast to those of larger rival Home Depot Inc, which reported quarterly profit and same-store sales above analysts’ estimates […]
Associated Press (Reuters) – TJX Cos Inc, the owner of off-price chains T.J. Maxx and Marshalls, on Tuesday posted its slowest comparable-store sales growth in more than 10 quarters, adding to the gloom in the retail industry. Shares of the company, which had remained a bright spot so far among brick-and-mortar retailers, fell 5.3 percent […]
