Editorial Results (free)
1. Sports Authority is Shuttering All Stores Amid Bankruptcy
- Monday, May 23, 2016
NEW YORK (AP) – Sports Authority, which filed for bankruptcy protection three months ago, is shuttering all 460 of its stores after it was unable to adapt to consumers' move online.
The sports retailer had originally only planned to close about 140 stores, but in a court document this week it outlined plans to shutter all of them.
2. Aeropostale, One-Time Mall King, Seeks Bankruptcy Protection
- Thursday, May 05, 2016
NEW YORK (AP) – Aeropostale, once the vibrant epicenter of the U.S. mall scene, is seeking Chapter 11 bankruptcy protection and closing 20 percent of its stores in North America.
The New York company said Wednesday that it is closing 113 of its 739 U.S. stores and all 41 locations in Canada. Going-out-of-business sales at those U.S. stores will begin this weekend.
3. Dollar Tree Will Sell 330 Stores to Private Equity Firm
- Monday, June 01, 2015
NEW YORK (AP) – Dollar Tree said Friday that it has agreed to sell 330 of its stores to the private equity firm Sycamore Partners in order to get regulatory approval for its $8.5 billion purchase of Family Dollar.
4. Teen Retailers Get the Cold Shoulder for Holidays
- Friday, December 12, 2014
NEW YORK (AP) – Being a teen can be tough, but catering to one is even more difficult.
Teen retailers are learning that lesson the hard way this holiday season.
The longtime CEO of Abercrombie & Fitch on Tuesday abruptly retired just a week after the retailer posted an 11.5 percent quarterly sales drop and slashed its annual profit forecast. And American Eagle and Aeropostale gave dismal forecasts for the quarter that includes the holiday shopping season after each posted weak sales for the fall.
5. These Retailers Could Use Some Holiday Cheer
- Friday, December 05, 2014
NEW YORK (AP) – The holiday shopping season is always a make-or-break period for struggling retailers.
But this year, the fight to grab shoppers has intensified, making it difficult for stores to use the season that accounts for about 20 percent of the retail industry's annual sales to bounce back.
6. Retailers See Slow Start to Back-to-School Season
- Friday, August 09, 2013
NEW YORK (AP) – Shoppers are holding off on back-to-school shopping, and those who delay long enough might be rewarded with some steep discounts from desperate retailers.
Revenue at stores open at least a year – an industry measure of a retailer's health– rose 3.8 percent in July, the slowest pace since March, according to a preliminary tally of 10 retailers by the International Council of Shopping Centers. The figure, which excludes drugstores, was below a 5.5 percent increase in June.
7. Clearances, Heat Lured Shoppers to Spend in July
- Friday, August 03, 2012
NEW YORK (AP) – Americans shoppers proved resilient in July, driving a key sales figure up at retailers across the country, despite persistent worry about jobs and the global economy.
Results came in better than expected for many retailers, helped by hot weather and summer clearance sales, an encouraging sign as the back-to-school season, the second-biggest shopping season behind the holidays, kicks off.
8. Shoppers Say 'Ho-Hum' Not 'Ho-Ho-Ho' to Sales
- Thursday, December 08, 2011
Used to be, customers would come running when stores cut prices. But these days, more Americans are becoming blasé about bargains.
Jennifer Beasley recently left a Toys R Us in Cary, N.C., unimpressed by the retailer's offers that day of 50 percent discounts on things like a $150 Sylvania tablet computer and a $45 My Baby Alive Doll.
9. Retailers Report Solid Sales Gains for July
- Friday, August 05, 2011
NEW YORK (AP) – Many retailers posted solid sales during the kickoff to the back-to-school season as discounts and high temperatures in July drove shoppers to air-conditioned malls. But merchants worry that momentum won't continue through the remainder of the second-biggest shopping period of the year as the weather gets cold and the deals dry up.
10. Retailers Post Strong June Sales
- Friday, July 08, 2011
NEW YORK (AP) – Colossal discounts enticed consumers to shop like it was 1999 last month. But higher prices ahead could cause the party to end soon.
Warm weather and discounts of up to 80 percent on summer merchandise helped retailers deliver the best revenue gains since June 1999 in what's typically the second-biggest shopping month of the year. But pressure on stores to pass along higher costs for everything from clothing and handbags to food has raised concerns that the momentum may not continue heading into the busy back-to-school shopping season.
11. Retail Slide Sends Broad Stock Market Lower
- Monday, May 23, 2011
NEW YORK (AP) — Signs that U.S. consumer demand may be weakening led to a broad sell-off in stocks Friday, setting the market on course for its third week of losses.
Retailers Gap Inc. and Aeropostale each lost more than 15 percent after cutting their profit forecasts for the year, in part because of higher costs for raw materials. Gap's sales have been sluggish, a worrying sign for investors who are counting on shoppers to lead a recovery in consumer spending.
12. Retailers Post Strong April but Fret Over Future
- Friday, May 06, 2011
NEW YORK (AP) – Retailers reported surging April revenue helped by a late Easter, extending strong spending momentum since late last year.
But some also warned gas prices nearing $4 a gallon are starting to cut into the spending power of lower-income customers who were already on tight budgets.
13. Spending Data Show December Sales Strong
- Thursday, January 06, 2011
NEW YORK (AP) – Americans spent more on clothes, shoes, luxury goods and electronics in December than a year earlier, extending retail sales momentum that had been building since August, according to data released Wednesday.
14. Holiday Shoppers Came Out to Spend in November
- Friday, December 03, 2010
NEW YORK (AP) – Generous discounts lured American to stores and online for holiday gifts in November, providing cheer and delivering the best gains for retailers in four years.
That raises hopes, already buoyed by reports of crowded malls and early numbers, for a strong holiday shopping season and is an encouraging sign for the economic recovery.
15. Discounts Spur Surprising Aug. Retail Sales Gains
- Friday, September 03, 2010
NEW YORK (AP) – American shoppers, taking advantage of deep discounts and tax-free holidays, opened up their wallets a little more for back-to-school spending compared with last year, giving some retailers better-than expected gains for August.
16. Retailers Report Sales Declines For August
- Friday, September 04, 2009
NEW YORK (AP) – Retailers on Thursday posted sales declines for August as shoppers held back on back-to-school purchases and continued to focus on necessities, but overall results came in ahead of analyst predictions.
17. Weak Retail Report Cards Likely, Analysts Say
- Thursday, September 03, 2009
NEW YORK (AP) - It may be the beginning of the year for students, but for retailers, it's report-card time. Analysts expect the early grades on the back-to-school selling season to be weak when retailers report August results Thursday.
18. US Retailers Report May Sales Declines
- Friday, June 05, 2009
Although consumer confidence may be increasing, it’s not showing up at the cash register yet. Many retailers posted disappointing May sales Thursday, although food and necessities remained high on shoppers’ lists.
19. US Shoppers Stay Cautious, But Sales Declines Ease
- Friday, April 10, 2009
NEW YORK (AP) - March same-store sales fell for the sixth straight month, as U.S. consumers continued to shop cautiously and stick mostly to necessities such as food, but there were some glimmers of stabilization in retailers' reports on Thursday.
20. Abercrombie & Fitch Q4 Profit Drops 68%
- Monday, February 16, 2009
Teen retailer Abercrombie & Fitch Co., which resisted the steep discounts its competitors offered during the holiday season, said Friday its fourth-quarter profit slid 68 percent as sales slumped.
21. Wholesale Inventories, Sales Plunge in October
- Thursday, December 11, 2008
WASHINGTON (AP) - Wholesalers cut back on their inventories in October by the largest amount since the period following the 2001 terrorist attacks while they watched their sales plunge by a record amount.
22. Sector Snap: Specialty Apparel
- Tuesday, November 11, 2008
NEW YORK (AP) - Shares of specialty apparel retailers were mixed Monday, ahead of several fiscal third-quarter earnings reports.
After many retailers reported dismal October sales in stores open at least on year, a key retail metric known as same-store sales, last week, analysts are pessimistic about third-quarter results. However, shares are down so much over the past several months, few expect retailers' stocks to fall a significant amount further.
23. Retailers Slash Prices, But at What Cost
- Wednesday, September 03, 2008
NEW YORK (AP) - In a bid to pull hesitant shoppers into their stores, retailers are slashing prices on everything from jeans to dinnerware. But those fat discounts will likely come at a big cost for the companies.
24. Retailers Report May Results Above Expectations
- Friday, June 06, 2008
NEW YORK (AP) – Consumers stepped up their shopping in May after tax rebate checks began hitting mailboxes, giving many of the nation’s retailers stronger than expected sales for the month. Still, there were signs that many people still are focusing on necessities such as food and gas.
25. Retailers Report Mixed Sales Results In Feb.
- Monday, March 10, 2008
NEW YORK (AP) - The nation's retailers got a little reprieve in February, as consumers hesitantly returned to malls and stores after retrenching in recent months. Among the big winners were discounters like Wal-Mart Stores Inc., whose results beat expectations.
26. Shelton Draws Experience Into Molding New CCC Job
- Friday, August 17, 2007
When Katrina Shelton advises business owners about potential moves to the Downtown area, she speaks from experience.
Shelton, business recruitment manager for the Center City Commission (CCC), has real-world experience in the retail industry, and in particular, in Downtown Memphis.