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Abercrombie, Gap rebound spark positive trends in apparel


Abercrombie & Fitch Co's solid showing in the latest quarter and robust holiday season sales forecast on Friday reinforced a raft of earnings reports that suggest a turnaround in the apparel retailing sector. | Video

Sports retail stocks jump after upbeat earnings

Shares of sports retailers soared on better-than-expected earnings from Foot Locker Inc , Shoe Carnival Inc and Hibbett Sports Inc as the companies sold more premium shoes and cut stocks of low-margin ones.

Nov 17 2017

SAP sees margins flattening out in fourth quarter: CFO

BARCELONA Europe's biggest technology company SAP expects profit margins to flatten out during the fourth quarter after three years of declines, with improving margins to begin to show up in 2018, Chief Financial Officer Luka Mucic said on Friday.

Nov 17 2017

Wal-Mart shares jump on strong U.S. sales growth

CHICAGO Wal-Mart Stores Inc reported better-than-expected U.S. comparable sales on Thursday, as customers stocked up on food and other supplies ahead of hurricanes and online purchases soared, sending its shares up more than 8.5 percent. | Video

Nov 16 2017

Gap beats third-quarter sales estimates, raises full-year forecasts

Gap Inc reported quarterly results that beat estimates, driven by turnaround efforts to revive its Gap and Old Navy brands, and the clothing retailer raised its 2017 earnings and same-store sales forecasts.

Nov 16 2017

Viacom expects distributor revenue to drop in 2018; shares sink

Viacom Inc , owner of MTV and Comedy Central, said Thursday it expects lower revenue from cable and satellite companies in 2018, a forecast that sent its shares down almost 10 percent in morning trading.

Nov 16 2017

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