AP - Declining soup sales and higher prices for ingredients contributed to a difficult quarter for the Campbell Soup Co., even though a gain on the sale of its Godiva Chocolatier brand sweetened its bottom line. -- read full article
Reuters - Retailer Home Depot Inc reported
a lower quarterly profit on Tuesday as the U.S. housing
meltdown hurt sales and it took charges tied to store closures
and a new-store pullback.
AP - The Home Depot Inc. reported a 66 percent drop in first-quarter profit Tuesday due to a large one-time charge and continued weakness in the housing market. -- read full article
Reuters - Teen apparel retailer Abercrombie &
Fitch Co reported higher quarterly profit on Friday,
helped by higher sales in all its chains and better gross
profit. -- read full article
Reuters - Teen apparel retailer Abercrombie &
Fitch Co reported higher quarterly profit on Friday,
topping Wall Street estimates, as a lower tax rate and a better
gross margin helped offset the impact of lower same-store
sales.
AP - Teen retailer Abercrombie & Fitch Co. said Friday that its first-quarter earnings rose 3 percent from a year ago on stronger sales. -- read full article
AP - BT Group PLC, Britain's biggest telecommunications company, reported a 6.2 percent decline Thursday in its fourth quarter profit, as costs rose and it lost some wholesale customers to broadband services. -- read full article
Reuters - Retailer J.C. Penney Co Inc
reported a 50 percent drop in quarterly profit on Thursday as
its middle-income shoppers pulled back on spending amid the
U.S. economic downturn.
AP - The stock market notched its second straight daily advance Thursday, with investors assuaged by a pullback in oil prices and some better-than-expected economic data.
AP - Mizuho Financial Group Inc., Japan's second biggest banking group, reported Thursday a 50 percent drop in profit for the fiscal year, taking a beating from U.S. subprime credit problems. -- read full article
Reuters - Blockbuster Inc , the largest
U.S. movie rental chain, posted a higher-than-expected
quarterly profit as it cut costs by closing stores, reducing
advertising and overhead expenses.
Reuters - J.C. Penney Co Inc said on
Thursday its first-quarter profit dropped 50 percent as the
retailer cut prices to clear unsold merchandise, and it
forecast a similar profit drop for its current quarter.
AP - J.C. Penney reported first-quarter profits were halved and on Thursday predicted "difficult" conditions for the entire year as consumers pull back on spending. -- read full article
AP - Blockbuster Inc. said Thursday it swung to a first-quarter profit on lower expenses and improved domestic sales, bolstering the movie rental company chairman's belief that a turnaround plan is working. -- read full article
AP - Luxury retailer Nordstrom Inc. said Thursday its profit fell 24 percent in the first quarter, as recession rumblings in the U.S. crimped even wealthier consumers' shopping habits.
