Consumer Products & Retail News Headlines

UPDATE 1-PetSmart cuts forecast on weak sales

Retailer PetSmart Inc cut its quarterly profit outlook on Tuesday, citing weak sales for part of November and much of December 2007, sending its shares down about 7 percent in extended trading.

Etam warns on yearly earnings after weak Q4

French lingerie and womenswear retailer Etam Developpement said on Tuesday full-year 2007 operating profit would fall after it reported a weak end to the year in its French and Chinese businesses.

Sears shares soar on company shuffle

Retailer Sears Holdings Corp , looking to turn around its business after recent profit declines, detailed on Tuesday a new structure that separates its business units and simplifies the way they are managed, and its shares shot up as much as 19 percent.

Sodexho CFO says share price not justified

The recent drop in the share price of Sodexho is not in line with the French catering and services group's performance or forecasts, its chief financial officer said on Tuesday.

Greene King CEO sees merger wave in pub sector

Britain's pub sector should brace itself for a wave of takeovers if crumpled share prices do not recover and problems in the debt markets ease, according to brewer and pubs group Greene King .

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