-
Morning Top Percentage Gainers And Losers (XNPT, GSK, XOMA, BKE, TPCG, BBBY, QXM, RT, NLST, MDRX, BID)
Thursday, April 7, 2011 - 10:28am | 243Best 1) XenoPort (NASDAQ: XNPT): Posting a huge gain of 63.32% to $10.41. An FDA approval for one of its drugs, along with partner GlaxoSmithKline (NYSE: GSK), has shares vaulting. 2) XOMA (NASDAQ: XOMA): Trading up 15.1% to $3.43. 3) TPC Group (NASDAQ: TPCG): Sustaining an 11.6% gain to $36.38...
-
The Most Comprehensive Same-Store Sales Recap Of April 7, 2011 Ever
Thursday, April 7, 2011 - 10:10am | 711March same-store sales have been released for the retail sector and overall the results are positive, with the majority of reports exceeding the Street consensus. Factors stated by retailers as affecting March's numbers include this year's Easter timing three weeks later in 2011 than in 2010, the...
-
Gap Inc. Enters into New $500M Credit Facility
Thursday, April 7, 2011 - 10:02am | 132Gap Inc. (NYSE: GPS) today announced that it has entered into a new $500 million revolving credit facility with a syndicate of banks led by BofA Merrill Lynch, J.P. Morgan and Citigroup Global Markets. The new financing matures in 2016 and replaces the Company's existing $500 million revolving...
-
Gap Inc. Announces Bond Offering
Thursday, April 7, 2011 - 10:01am | 40Gap Inc. (NYSE: GPS) today announced a public bond offering, expected to price today. The Company intends to use the net proceeds of the offering for general corporate purposes including share repurchases.
-
News Summary
Thursday, April 7, 2011 - 9:48am | 219Shares of Stage Stores Inc (NYSE: SSI) fell about 0.5% after the company reported 5.3% decline in its March sales at stores open at least one year. However, analysts were expecting same-store sales to drop 6.5%. SSI's total sales for the five weeks ended April 2 dropped 4.1% to $134 million....
-
GAP Enters Into New $900M Credit Line (GPS)
Thursday, April 7, 2011 - 9:20am | 17GAP (NYSE: GPS) enters into new $900M credit line.
-
Ross Stores Sees Q1 Earnings "Somewhat Above" Prior Estimate of $1.27-1.32/Share (ROST)
Thursday, April 7, 2011 - 8:52am | 22Ross Stores Sees Q1 Earnings "Somewhat Above" Prior Estimate of $1.27-1.32/Share (NASDAQ: ROST)
-
The TJX Companies March Sales up 1%
Thursday, April 7, 2011 - 8:41am | 110The TJX Companies, Inc. (NYSE: TJX) today reported March 2011 sales results. Sales for the five-week period ended April 2, 2011, were $2.04 billion, up 1% over the $2.03 billion achieved during the five-week period ended April 3, 2010. For the nine-week period ended April 2, 2011, sales reached $...
-
Ross Stores March Sales Down 1%
Thursday, April 7, 2011 - 8:33am | 53Ross Stores, Inc. (Nasdaq: ROST) today reported that sales increased 2% to $828 million for the five weeks ended April 2, 2011, up from $811 million for the five weeks ended April 3, 2010. Comparable store sales for the month declined 1% compared to a very strong 14% gain in the prior year period.
-
Wall Street Strategies Reports On Retailers' Surprise March Success
Thursday, April 7, 2011 - 8:26am | 150Wall Street Strategies has issued a report on the unexpectedly positive results seen by retailers in March. According to the report, "The early bird has been known to catch the worm, and if an investor is at the Bloomberg terminal, cup of coffee in hand, they will easily see March comps printing...
-
PREVIEW: Initial And Continuing Claims Due 8:30am (URBN, ANF, BBY)
Thursday, April 7, 2011 - 8:20am | 198Initial claims fell from 394,000 to 388,000 in last Thursday's report for the week ending March 26th. The consensus today is anticipating another slight decline to 385,000. Continuing claims also showed a decline in last Thursday's report, falling from 3.675 million to 3.714 million for the week...
-
Stein Mart March Same-Store Sales -3.9% vs -2% Consensus (SMRT)
Thursday, April 7, 2011 - 8:07am | 19Stein Mart March Same-Store Sales -3.9% vs -2% Consensus (NASDAQ: SMRT)
-
Stein Mart, Inc. March Sales Down 3.9%
Thursday, April 7, 2011 - 8:04am | 44Stein Mart, Inc. (Nasdaq: SMRT) today reported comparable store sales for the five-week period ended April 2, 2011 decreased 3.9 percent. Total sales for the period were $127.1 million, a decrease of 4.9 percent from $133.6 million in the same period in 2010.
-
Gap Inc. March Sales Down 10%
Thursday, April 7, 2011 - 8:01am | 69Gap Inc. (NYSE: GPS) today reported that March 2011 net sales decreased 8 percent compared with last year. Net sales for the five-week period ended April 2, 2011 were $1.33 billion compared with net sales of $1.45 billion for the five-week period ended April 3, 2010. The Company's comparable...
-
Oppenheimer Reiterates Outperform on Zumiez (ZUMZ)
Thursday, April 7, 2011 - 7:55am | 129Oppenheimer is out with its report today on Zumiez (NASDAQ: ZUMZ), reiterating Outperform. In a note to clients, Oppenheimer writes, "ZUMZ posted an 8.9% March comp, significantly above our/consensus estimates of 4%/3.2% and compared to 13.2% ly. Impressively, comps were in the positive teen range...