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Sep 1, 2011

Aug 31-(OFFICIAL)-Americans not scrimping on clothes this fall – study

BANGALORE, Aug 31 (Reuters) – Shoppers may not be feeling
too good about the economy, but that is not stopping them from
adding clothes and shoes to their wardrobes, a recent study
shows.

A report by IBM, to be released later on Wednesday, says
demand for apparel and accessories will stay strong this fall,
as parents spend on their kids, and then on themselves.

Aug 31, 2011

Americans not scrimping on clothes this fall – study

BANGALORE, Aug 31 (Reuters) – Shoppers may not be feeling
too good about the economy, but that is not stopping them from
adding clothes and shoes to their wardrobes, a recent study
shows.

A report by IBM, to be released later on Wednesday, says
demand for apparel and accessories will stay strong this fall,
as parents spend on their kids, and then on themselves.

Aug 24, 2011

American Eagle profit misses, margin worries persist

BANGALORE (Reuters) – American Eagle Outfitters Inc (AEO.N: Quote, Profile, Research, Stock Buzz) forecast disappointing third-quarter earnings as higher product costs and discounts eat into margins, joining a slew of apparel retailers that have raised concerns over consumer spending during the key back-to-school selling season.

American Eagle’s shares fell 14 percent to their lowest in over two years, as the company’s smaller-than-expected quarterly profit and soft margin outlook worried investors.

Aug 23, 2011

Exclusive – Groupon taps Citydeal to boost sales ahead of IPO

BANGALORE (Reuters) – No. 1 daily deals website Groupon Inc is turning to executives from Citydeal — the European business it bought last year — to help boost slowing growth in its domestic business, ahead of a planned public listing.

The company appointed Christopher Muhr as its sales chief, taking over from Darren Schwartz, a source familiar with the matter who did not want to be named, said.

Aug 23, 2011

Exclusive: Groupon turns to Citydeal team ahead of IPO

BANGALORE (Reuters) – No. 1 daily deals website Groupon Inc is turning to executives from Citydeal — the European business it bought last year — to help boost slowing growth in its domestic business, ahead of a planned public listing.

The company appointed Christopher Muhr as its sales chief, taking over from Darren Schwartz, a source familiar with the matter who did not want to be named, said.

Aug 19, 2011

Ann Taylor parent’s upbeat tone cheers investors

BANGALORE (Reuters) – Womens’ clothes retailer Ann Inc’s (ANN.N: Quote, Profile, Research, Stock Buzz) upbeat forecast for the current quarter provided some rare positive news, helping soothe investors’ concerns that consumers may spend less as fears grow of a second recession.

Ann’s shares were up 11 percent, while the broader S&P Retail Index was also up marginally on Friday morning.

Aug 18, 2011

Caution on Main Street: retailers fret ahead of key sales season

BANGALORE, Aug 18 (Reuters) – Caution is the watchword for
apparel executives heading into the all-important holiday season
and their lack of confidence is scaring investors.

Wary of talk of a double-dip recession, consumers are
waiting on bargains, leaving retailers in the dark over how
sales trends will turn out in the key year-end shopping season.

Aug 18, 2011

Caution on Main Street: retailers fret ahead of key

BANGALORE (Reuters) – Caution is the watchword for apparel executives heading into the all-important holiday season and their lack of confidence is scaring investors.

Wary of talk of a double-dip recession, consumers are waiting on bargains, leaving retailers in the dark over how sales trends will turn out in the key year-end shopping season.

Aug 17, 2011

Chico’s sees slowdown as consumer sentiment wavers

BANGALORE, Aug 17 (Reuters) – Women’s clothes retailer
Chico’s FAS Inc’s warned that sales growth had softened
in recent weeks, joining a host of retailers that have flagged
concerns over consumer sentiment during the crucial
back-to-school season.

Shares of Chico’s, which also moved to buy privately held
Boston Proper for $205 million, fell as much as 7 percent on
Wednesday, while the broader S&P Retail Index was down
1.52 percent.

Aug 17, 2011

Abercrombie warns on sentiment, analysts unfazed

BANGALORE (Reuters) – Teen retailer Abercrombie & Fitch (ANF.N: Quote, Profile, Research, Stock Buzz) flagged trouble ahead for retailers during the crucial back-to-school selling season, saying it was “entering a period of greater uncertainty,” sending its shares down as much as 7 percent.

Americans, rattled by the possibility of a possible double-dip recession, high unemployment and stagnant wages, saw consumer sentiment drop to its lowest point in more than three decades in early August.

    • 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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