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Abercrombie & Fitch (NYSE: ANF) announced on Thursday that its same-store sales plummeted 29% in August. These results were worse than the expected drop of 23.9%.
Sales in all of its divisions were worse than expected, with sales at the Abercro...
Retail giant Kohl's reported second-quarter earnings this morning, saying they fell 3% due to higher expenses. Despite the drop, KSS managed to top expectations with the latest results.
KSS pulled in 75 cents per share for the quart...
Royal Caribbean Cruises stock is falling today after the company reported a second-quarter loss of $35.1 million, or 16 cents per share, worse than analysts' forecasts of a loss of 13 cents per share. RCL also forecast ...
Oil firm ConocoPhillips reported second-quarter earnings of 87 cents per share this morning, barely edging the consensus estimate calling for 85 cents per share. Despite topping the consensus estimate, the results fell well short of last ...
As Melly Alazraki noted earlier today, McDonald's Corp. is one of many heavy hitters to take the earnings stage today. Unfortunately, the fast-food firm didn't exactly impress with its latest quarterly figures; the company struggl...
American businesses are setting up shop in Mexico instead of China. China, which was the number one location for manufacture of goods bound for the U.S., has fallen into third place. Mexico is now number one, followed by India.
Several factors have...
Could we see a bit of a drop from American Eagle Outfitters (NYSE: AEO) today? The retailer announced that its October same-store sales fell 5%, when the Street expected an increase of 1.7%. This disparity certainly seems to suggest that we could see...
Wednesday, the Fed announced that interest rates would remain at zero to 0.25% for at least the next six months.
The Fed statement read as follows: "weak conditions are likely to warrant exceptionally low levels of the federal funds rate for an...
Last week, the number of people filing initial claims for state unemployment dropped by 20,000. As a result, benefits dropped to a seasonally adjusted 512,000. This drop in filings was the first in the past two weeks, and it is the lowest level of...
