Apparel Retail

Deutsche Bank has released a June sales preview for the special apparel retail sector. The analysts wrote that "for the overall industry, we believe that June sales may come in modestly better than consensus, as better weather, easier compares, a Memorial Day shift, and continued strength in home...

Diversified power management company Eaton Corporation (ETN) recently announced that it will design and install the largest Solar Photovoltaic (PV) System in New Mexico for the Department of Veterans Affairs (VA) Health Care System.   The company said that it received a $20 million contract to...

According to the Phoenix Group, sales at both the Gap (NYSE: GPS) and Old Navy, which is owned by the Gap, have taken a turn for the worse. Their checks indicate that the deterioration has taken place over the last couple of weeks. They are seeing negative mid-single digit comps for Gap and...

NEW YORK (TheStreet) -- At a time when many investors have been fleeing to safe-haven assets and enhanced uncertainty in the health of the global economy continues to prevail, dividend-rich companies remain an attractive choice to add a steady source of income. As compared to last year, dividends...

Brean Murray upgraded Abercrombie & Fitch (NYSE: ANF) to Hold from Sell this morning. The firm notes that stock is now trading 2% below their $33 price target. Brean Murray says investors are now assuming weak same-store sales and inventory overhang. Furthermore, international growth my be...

Focused on its Balanced Energy Initiative, Consumer’s Energy, the principal subsidiary of CMS Energy Corporation (CMS), added more than 240 megawatts (MW) of new Michigan-based renewable energy capacity. The company entered into power purchase agreements with four new renewable energy projects in...

The final reading of the June University of Michigan Consumer Sentiment Index was revised up to 76.0 from a preliminary reading of 75.5. This revision beat the consensus estimate. The positive revision comes as a surprise given that the labor and equity markets have remained flat the past few weeks...

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I've been watching the retail sector closely today following lackluster earnings reports from Nike (NYSE: NKE) and Bed, Bath & Beyond (NASDAQ: BBBY). Not surprisingly, many retailers are not faring well. Abercrombie & Fitch (NYSE: ANF) is down $1.10, or 3.37%, to $31.55. AnnTaylor (NYSE:...

Today's market action is suggesting that U.S. equity indices are beginning to break down, as leading indicators are increasingly pointing to the likelihood of a double dip recession. The number that the market was focusing on today was existing home sales, which were very disappointing. The...

Shares of Collective Brands Inc. (NYSE: PSS) are lower on the session by 1.67%, currently trading at $17.68. The stock has been drifting lower and lower over the past two months and is now in a technical downtrend. Options traders appear to be buying puts once again today. The September $20 put...

After meeting with management, Piper Jaffray & Co. reiterated its Overweight rating on Abercrombie & Fitch (NYSE: ANF) today. Citing "high international gross margins, strong tourist demand, and upcoming flagship openings," Piper Jaffray confirmed its $54 price target. Piper Jaffray remains...

In an effort to ensure safety and reliability, FirstEnergy Nuclear Operating Company, a unit of FirstEnergy Corporation (FE), has decided to accelerate the replacement of a reactor head at the company's Davis-Besse nuclear power station in Oak Harbor.   This reactor was shut down on February 28...

Beijing’s weekend promise of a more flexible renminbi invigorated markets across the globe but absence of clear-cut details in China’s pledge had Wall Street wiping off strong early-morning gains in a late-day slide.  The Dow average closed down 8 points, after having risen as much as 143 points in...