$RDEN CFO leaves to become CFO at $HAIN, just as Hain posts its highest sales ever & soon after Arden had a lousy report.
By Jessica Wohl
(Reuters) – Target Corp (TGT.N: Quote, Profile, Research, Stock Buzz) warned on Wednesday its annual profit was likely to be near the low end of its forecast as it anticipated continued cautious consumer spending, the latest retailer to signal U.S. shoppers were holding back.
Target’s second-quarter profit came in just ahead of expectations while sales missed estimates. The Canadian business is costing more than Target anticipated and will weigh on full-year profit.
It’s the new unofficial kickoff of the #holidayshopping season – #Walmart announces layaway, this year there’s no $5 opening fee.
(Reuters) – Barnes & Noble Inc’s (BKS.N: Quote, Profile, Research) founder and largest shareholder on Tuesday suspended his plan to buy the bookseller’s stores, dashing investor hopes for a deal as the company again reported poor quarterly results.
B&N shares fell 15 percent to $14.17 (9.04 pounds), their lowest level since February, when Leonard Riggio, who is also chairman, said he planned to make an offer for B&N’s retail business.
By Jessica Wohl
(Reuters) – Barnes & Noble Inc’s founder on Tuesday pulled the plug on his plan to buy the company’s bookstores and the chain posted a deeper quarterly loss, sending its shares down as much as 16 percent in early trading.
The quarterly results came in slightly ahead of Wall Street expectations, but sales of B&N’s Nook device and e-books plunged, and business at its stores slumped.