Claim or Create your Free Community Profile : Sign in / Sign up
March sales brighten retailers' profit prospects
Apr 5th, 2012
(Reuters) - Summery weather and an earlier Easter prompted shoppers to buy bright-colored clothing, with many boosting retailers' profits by paying closer to full price than in recent years. Of the 20 retailers tracked by Thomson Reuters, 10 beat Wall Street sales estimates, with the biggest increases coming from clothing sellers. Victoria's Secret parent Limited Brands Inc, Target Corp, Macy's Inc and Gap Inc were among the retailers that beat analysts' expectations for sales at stores open at least a year as they lured shoppers with blue, yellow and pink clothes and other spring merchandise. ... (Source: Reuters) -
MOSCOW (AP) - Thousands of Russian opposition activists marched through Moscow on Wednesday, decrying President Vladimir Putin's authoritarian rule and calling for the release of people they consider political prisoners. (Source: Associated Press)... [Full Article]
LONDON (Reuters) - J Sainsbury, Britain's No. 3 supermarket chain, met forecasts for underlying sales growth in its first quarter, outperforming major rivals with an outcome driven by growth online and in convenience stores. The group, which trails market leader Tesco and No. 2 player Wal-Mart's Asda by annual revenue, said on Wednesday t... [Full Article]
By Phil Wahba NEW YORK (Reuters) - Major U.S. retail chains, including Costco Wholesale Corp and Victoria's Secret, on Thursday reported sales increases for May that suggested consumer spending continues to improve moderately. Costco said sales at stores open at least a year, or same-store sales, rose 5 percent last month, coming in slightly b... [Full Article]
CAIRO (AP) - An Egyptian court on Tuesday convicted 43 nonprofit workers, including at least 16 Americans, of illegally using foreign funds to foment unrest in the country, sentencing them to up to five years in jail. (Source: Associated Press)... [Full Article]
2Space PassportNewsCommunityMarketPlaceFree Tools
