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Holiday Kickoff Helped Retailers
Thursday, December 2, 2010 - 2:13pm | 228Several U.S. retailers reported higher-than-expected sales for November, confirming a strong start to a holiday shopping season that could determine whether the U.S. economic recovery has legs. Not only were there more shoppers on Black Friday -- the annual discount bonanza following U.S....
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Afternoon Market Update (TJX, DAL, ALK, LCC, LFL, RYAAY, CPA, ANF)
Thursday, December 2, 2010 - 1:06pm | 236Shares of TJX Companies Inc (NYSE: TJX) dropped after the company reported 3% rise in its November same-store sales. However, analysts estimated a rise of 2.9% in same-store sales. TJX's total sales increased 7% to $2 billion. TJX said, "Business throughout the Thanksgiving week and weekend was...
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Huge Move In Abercrombie & Fitch (ANF)
Thursday, December 2, 2010 - 12:14pm | 87Shares of Abercrombie & Fitch (NYSE: ANF) have soared on Thursday after the company reported better than expected comparable store sales for November. The Ohio based retailer said that comparable store sales rose 22% for the month. The stock has jumped 9.32% to $55.14. Abercrombie's (ANF) net...
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Retail SSS Sales – Details with HeatMap
Thursday, December 2, 2010 - 11:20am | 402There were some very hearty sales in November – on a YoY basis. The standouts include Abercrombie & Fitch (ANF) and Zumiez (ZUMZ). Aeropostale (ARO) looks weak and their earnings report from last night provided evidence that their are somewhat out of style. Retail Same Store Sales 20101202...
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Citigroup Lowers Price Target On Aeropostale
Thursday, December 2, 2010 - 11:10am | 150Citigroup has published a research report on Aeropostale, Inc. (NYSE: ARO) after the company showed that its product issues may be fixed through 2011. In the report, Citigroup writes "Product issues this late in the holiday season suggest a merchandise fix will be pushed into 2011. With the...
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Company News for December 2, 2010 - Corporate Summary
Thursday, December 2, 2010 - 10:54am | 560• PepsiCo (NYSE: PEP) announced plans to acquire a 66% stake in Wimm-Bill-Dann (NYSE: WBD) for $3.8 billion • Toll Brothers (NYSE: TOL) reported fiscal fourth quarter earnings of $0.30 a share that included a tax benefit, versus consensus expectations for a loss of $0.08. Revenues of $402.6 million...
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Benzinga's Top Downgrades (BMRN, ARO, APWR, BUCY)
Thursday, December 2, 2010 - 10:23am | 146UBS downgraded BioMarin Pharmaceutical Inc (NASDAQ: BMRN) from "buy" to "neutral." BMRN's shares closed at $27.15 yesterday. BioMarin Pharmaceutical's earnings are likely to fall by 101.65% this year. Raymond James downgraded Aeropostale Inc (NYSE: ARO) from "outperform" to "market perform." ARO's...
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Jefferies Expects Continued Strong Results From Zumiez (ZUMZ)
Thursday, December 2, 2010 - 10:02am | 145Jefferies is out with its research report on Zumiez (NASDAQ: ZUMZ) after ZUMZ reported 3Q EPS of 40c, 3c higher than the Jefferies/consensue estimate. In a note to clients, Jefferies writes, "ZUMZ raised its 3Q10 outlook 2x in the quarter, and the quarter ended nearly double the company's original...
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Oppenheimer Lowers ARO Price Target From $35 to $31
Thursday, December 2, 2010 - 9:58am | 31Oppenheimer is reiterating its Outperform rating on Aeropostale Inc. (NYSE: ARO), but has lowered its PT from $35 to $31. Aeropostale Inc. currently trades at $26.80.
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Benzinga's Top Pre-Market NASDAQ Gainers (KUTV, SGMO, FNSR, WTSLA)
Thursday, December 2, 2010 - 9:48am | 125Ku6 Media Co Ltd (NASDAQ: KUTV) rose 11.66% to $6.70 in the pre-market session. KUTV had $12.88 million in total cash and no debt for the recent quarter. Sangamo BioSciences Inc (NASDAQ: SGMO) added 5.26% to $5.20 in pre-market trading. SGMO had no debt in the latest quarter. Finisar Corporation (...
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The TJX Companies, Inc. November Sales up 3%
Thursday, December 2, 2010 - 9:39am | 87The TJX Companies, Inc. (NYSE: TJX) today reported November 2010 sales results. Sales for the four-week period ended November 27, 2010, were $2.0 billion, up 7% over the $1.8 billion achieved during the four-week period ended November 28, 2009. For the 43 weeks ended November 27, 2010, sales...
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Ross Stores November Sales up 6%
Thursday, December 2, 2010 - 9:37am | 50Ross Stores, Inc. (Nasdaq: ROST) today reported that sales for the four weeks ended November 27, 2010 increased 10% to $696 million from $635 million for the four weeks ended November 28, 2009. Same store sales for the month rose 6% on top of an 8% gain in the prior year.
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Jefferies Maintains Hold Rating on Aeropostale (ARO)
Thursday, December 2, 2010 - 9:36am | 76Jefferies maintains its Hold rating on Aeropostale (NYSE: ARO) following in-line 3Q10 results due to weak 4Q guidance. In a note to clients, Jefferies writes, "ARO guided 4Q EPS of 94-96c, below the Street's expectation of $1.03. This EPS guidance is also down YoY for the first time in three years...
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Stein Mart, Inc. November Sales Flat
Thursday, December 2, 2010 - 9:34am | 45Stein Mart, Inc. (Nasdaq: SMRT) today reported comparable store sales for the four week period ended November 27, 2010 were flat. Total sales for the period were $107.6 million, a decrease of 0.2 percent from $107.8 million in the same period in 2009.
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Zumiez Beats on Better Sales - Analyst Blog
Thursday, December 2, 2010 - 9:30am | 620Specialty retailer Zumiez Inc. (ZUMZ) reported third-quarter earnings of 40 cents a share, beating the Zacks Consensus Estimate of 37 cents. The company also outpaced earnings of 17 cents a share posted in the third quarter of 2009. Net income from operations was $1.1 million compared with a loss...