United States

Maria Ajit Thomas

Revamped women's clothing helps Abercrombie slow sales decline

May 29 2014

Teen apparel retailer Abercrombie & Fitch Co's quarterly sales fell less than expected for the first time in six quarters as efforts to revitalize its women's clothing business began to pay off, sending the company's shares up as much as 7.5 percent.

Sears loss widens as discounts fail to arrest fall in sales

May 22 2014

Sears Holdings Corp posted a bigger loss for the first quarter as the struggling retailer failed to arrest a fall in sales despite offering heavy discounts to woo shoppers.

Lowe's May sales improve, severe winter hits first-quarter results

May 21 2014

Lowe's Cos Inc , the world's No.2 home improvement chain, said sales picked up in May, after a severe winter in the United States hurt its quarterly results.

Home Depot says May sales 'robust' on post-winter demand

May 20 2014

Home Depot Inc , the world's largest home improvement chain, said its sales were "robust" in May and that it expected to realize in the current quarter most of the sales lost in the first quarter due to a severe winter in the United States.

Macy's sticks to 2014 forecast as sales pick up after hard winter

May 14 2014

Department store operator Macy's Inc stuck to its full-year profit forecast as business picked up after a severe winter in the United States that hurt first-quarter sales.

Office Depot to close 400 U.S. stores, shares jump

May 06 2014

Office Depot Inc said it would close at least 400 stores in the United States over two years as it looks to consolidate operations after acquiring OfficeMax, and the company raised its forecast for full-year adjusted operating income.

Prestige Brands boosts feminine care line with Insight Pharma buy

Apr 25 2014

Prestige Brands Holdings Inc , a marketer and distributor of healthcare and cleaning products, said it would buy Insight Pharmaceuticals Corp and seek further acquisitions to expand its range of feminine care products.

Under Armour warns growth may slow this year; shares drop

Apr 24 2014

Athletic gear maker Under Armour Inc warned that growth in 2014 might not be as strong as last year when the company benefited from the relaunch of its bags business and robust winter sales.

General Mills warns profit hit by competition

Mar 14 2014

U.S. packaged foods group General Mills Inc estimated third-quarter earnings below analysts' expectations as it faces increased competition from store brands and spends more on marketing its yogurts.

Big Lots says sales declines to stop as investments pay off

Mar 07 2014

Close-out retailer Big Lots Inc said same-store sales would stop falling in the current fiscal year as its investments to boost sales start paying off.

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