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Dec 5, 2011

Talbots starts search for new CEO

By Nivedita Bhattacharjee

(Reuters) – Talbots is finally going to replace its chief executive after years of disappointments, and investors cheered the news, sending the lagging stock up 8 percent as they hope the women’s apparel chain can finally shed its stodgy image.

While Sullivan will see her way out of Talbots by the end of June, she will also take home $5 million in cash, along with other benefits.

Nov 30, 2011

Thanksgiving sales brighten American Eagle holiday outlook

Nov 30 (Reuters) – American Eagle Outfitters Inc
is betting that the strong sales trends it saw over the
Thanksgiving weekend will continue through the rest of the
holiday quarter and make up for high raw material costs and
discounts.

The outlook drove American Eagle shares up as much as 9
percent on Wednesday on the New York Stock Exchange, before they
pared some gains to trade up 4 percent at $14.00.

Nov 23, 2011

Abercrombie & Fitch preps for its holiday test

By Nivedita Bhattacharjee

(Reuters) – When shoppers hit the stores on Black Friday, Abercrombie & Fitch (ANF.N: Quote, Profile, Research, Stock Buzz) will face its biggest test this year as the preppy clothing retailer tries to prove the value of its cachet in teenage apparel to investors.

Abercrombie, the biggest of the teen clothing retailers by sales, has lost about 38 percent of its value since it warned in early November that European sales growth was slowing. Shares of rival American Eagle Outfitters (AEO.N: Quote, Profile, Research, Stock Buzz) were up less than 1 percent and shares of Aeropostale Inc (ARO.N: Quote, Profile, Research, Stock Buzz) rose 8 percent in the same period.

Nov 17, 2011

Gap bets on discounts to draw holiday shoppers

Nov 17 (Reuters) – Gap Inc said it plans to
“compete aggressively” on discounts to attract shoppers in the
crucial holiday season as the no. 1 U.S. clothes retailer
continues to look for ways wrestle back market share from its
peers.

The retailer, which competes with more affordable and
fashionable foreign players like Zara owner Inditex,
Uniqlo parent Fast Retailing and Hennes & Mauritz
, is trying to keep pace with fashion trends by
revamping its stores and merchandise, but without much success
so far.

Nov 16, 2011

Abercrombie margins to stay weak, keeps Europe plans

By Nivedita Bhattacharjee

(Reuters) – Abercrombie & Fitch (ANF.N: Quote, Profile, Research, Stock Buzz) said it sees margins remaining weak in the key holiday season but backed its international expansion plans, spooking investors, who drove the teen retailer’s stock down 14 percent Wednesday.

The preppy retailer had already lost nearly a quarter of its market value over the past two weeks, after it warned of slowing sales in Europe.

Nov 11, 2011

HOW TO PLAY IT: Riding the holiday shopping wave

Nov 11 (Reuters) – Retailers have grappled with rising
commodity costs, thinning margins and jittery consumer
confidence all year. Now they’re set for the ultimate test: The
make-or-break holiday shopping season, which accounts for
20-to-30 percent of all retail sales.

Despite the still-sluggish economy, holiday retail sales
are expected to rise 2 to 6 percent this year over the same
time last year, according to analysts. In actual dollars,
holiday spending is expected to reach $465 billion, according
to the National Retail Federation.

Nov 11, 2011

How to play it: Riding the holiday shopping wave

By Nivedita Bhattacharjee

(Reuters) – Retailers have grappled with rising commodity costs, thinning margins and jittery consumer confidence all year. Now they’re set for the ultimate test: The make-or-break holiday shopping season, which accounts for 20-to-30 percent of all retail sales.

Despite the still-sluggish economy, holiday retail sales are expected to rise 2 to 6 percent this year over the same time last year, according to analysts. In actual dollars, holiday spending is expected to reach $465 billion, according to the National Retail Federation.

Oct 25, 2011

US shoppers won’t get break from cotton price dip

Oct 25 (Reuters) – U.S. shoppers who bought jeans, T-shirts
and socks lately have had to shell out more cash. They’d better
get used to it.

Even as cotton prices recede from all-time highs set in the
spring, retailers and clothing makers are set to keep most of
the price rises they implemented earlier in the year, when they
sought to contain the damage to margins. And most will only
offer discounts when they face pressure from their rivals.

Oct 17, 2011

Crocs cuts outlook on sales slowdown, shares dive

By Meenakshi Iyer and Nivedita Bhattacharjee

(Reuters) – Shoemaker Crocs Inc (CROX.O: Quote, Profile, Research, Stock Buzz) lowered its outlook for the first time in three years as it faces softening sales at its stores, amid a weak economy in Europe and shaky consumer confidence in the United States.

The dim outlook sparked a sell-off in the Crocs’ stock, wiping out nearly 40 percent of the company’s market value in extended trading. They were trading at $17.08 in after-market trade, after closing at $26.64 on Monday on Nasdaq.

Oct 11, 2011

Jones eyeing sale of jeans unit for up to $400 mln

Oct 11 (Reuters) – Jones Group Inc , a maker of
clothing, shoes and accessories, is in talks to sell off its
stagnating jeanswear division as it focuses on its more
profitable luxury brands, sending its shares up 12 percent.

Jones said it is in talks with Israel’s Delta Galil
Industries Ltd , a maker of private-label clothing, to
sell the jeans unit for between $350 million and $400 million.

    • About Nivedita

      "Think all things tech and telecoms. Currently in Mumbai. Previously in Chicago, covering retail, transport and airlines. Joined Reuters in 2008."
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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