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Jun 28, 2011

Children’s Place upbeat on school start

BANGALORE/NEW YORK (Reuters) – Children’s Place Retail Stores Inc (PLCE.O: Quote, Profile, Research, Stock Buzz) is gearing up for a much better back-to-school season as it banks on tighter inventories and new, sometimes pricer, merchandise to entice still-wary shoppers, its chief executive said on Tuesday.

Shares of Children’s Place, which sells clothes for kids, were up 1.7 percent at $45.14 in early afternoon trading.

Jun 28, 2011

Reuters Summit-UPDATE 1-Children’s Place upbeat on school start

BANGALORE/NEW YORK, June 28 (Reuters) – Children’s Place
Retail Stores Inc (PLCE.O: Quote, Profile, Research) is gearing up for a much better
back-to-school season as it banks on tighter inventories and
new, sometimes pricer, merchandise to entice still-wary
shoppers, its chief executive said on Tuesday.

Shares of Children’s Place, which sells clothes for kids,
were up 1.7 percent at $45.14 in early afternoon trading.

Jun 28, 2011

Reuters Summit-Children’s Place upbeat on school start

BANGALORE/NEW YORK, June 28 (Reuters) – Children’s Place
Retail Stores Inc (PLCE.O: Quote, Profile, Research) is gearing up for a much better
back-to-school season as it banks on tighter inventories and
new, sometimes pricer, merchandise to entice still-wary
shoppers, its chief executive said on Tuesday.

Shares of Children’s Place, which sells clothes for kids,
were up 1.7 percent at $45.14 in early afternoon trading.

Jun 27, 2011

Jarden’s margins, sales goals on track

NEW YORK/BANGALORE (Reuters) – Jarden Corp (JAH.N: Quote, Profile, Research, Stock Buzz) expects profit and gross margins to keep growing, even as some costs rise, as shoppers treat themselves to pricier items such as $50 coffee makers and $400 baseball bats, top executives said at the Reuters Consumer and Retail Summit.

“We call it frugality fatigue,” said Executive Chairman Martin Franklin, who stepped down as chief executive of the consumer products maker earlier this month and was replaced by James Lillie.

Jun 23, 2011

(OFFICIAL) – 3M India sees revenue growing 28-30 pct in 2011

BANGALORE, June 22 (Reuters) – U.S. industrial and consumer goods conglomerate 3M Co’s Indian unit expects revenue growth of 28-30 percent in 2011 as it expands into smaller towns and plans to step up hiring in the country, a company executive said.

3M, known for its Post-It notes and health and safety gear, also plans to invest about 1.5 billion rupees ($33.5 million) in India this year — mostly in R&D and manufacturing, Ajay Nanavati, managing director of 3M India, told Reuters in an interview.

Jun 23, 2011

(OFFICIAL)-(June 22)-UPDATE 1-INTERVIEW-3M India sees revenue growing 28-30 pct in 2011

BANGALORE, June 22 (Reuters) – U.S. industrial and consumer
goods conglomerate 3M Co’s Indian unit expects revenue
growth of 28-30 percent in 2011 as it expands into smaller towns
and plans to step up hiring in the country, a company executive
said.

3M, known for its Post-It notes and health and safety gear,
also plans to invest about 1.5 billion rupees ($33.5 million) in
India this year — mostly in R&D and manufacturing, Ajay
Nanavati, managing director of 3M India, told Reuters in an
interview.

Jun 23, 2011

(OFFICIAL)-(June 22)-INTERVIEW-3M India sees revenue growing 28-30 pct in 2011

MUMBAI, June 22 (Reuters) – U.S. industrial and consumer
goods conglomerate 3M Co’s Indian unit expects revenue
growth of 28 to 30 percent in 2011 as it expands into smaller
towns and plans to step up hiring in the country, a company
executive said.

3M, known for its Post-It notes and health and safety gear,
also plans to invest about 1.5 billion rupees ($33.5 million) in
India this year — mostly in R&D and manufacturing, Ajay
Nanavati, managing director of 3M India, told Reuters in an
interview.
   “We’ve spent more in India in the last couple of years than
we’ve spent in the prior 15,” Nanavati said, adding that the
company is planning to raise its headcount to about 3,500
employees in 5 years.

Jun 23, 2011

3M India sees revenue growing 28-30 pct in 2011

BANGALORE, June 22 (Reuters) – U.S. industrial and consumer
goods conglomerate 3M Co’s (MMM.N: Quote, Profile, Research) Indian unit expects revenue
growth of 28-30 percent in 2011 as it expands into smaller towns
and plans to step up hiring in the country, a company executive
said.

3M, known for its Post-It notes and health and safety gear,
also plans to invest about 1.5 billion rupees ($33.5 million) in
India this year — mostly in R&D and manufacturing, Ajay
Nanavati, managing director of 3M India, told Reuters in an
interview.

Jun 7, 2011

Talbots sees little respite, shares tank

BANGALORE (Reuters) – Women’s clothing retailer Talbots Inc (TLB.N: Quote, Profile, Research, Stock Buzz) warned its revenue would fall for a fifth straight quarter while heavy discounting shrinks its margins, knocking off more than a third of the company’s market value as investors grow tired of waiting on a year-long makeover.

Shares of the company tumbled as much as 37 percent, while the broader S&P Retail Index was up 1.08 percent.

Jun 3, 2011

Newell cuts forecast as costs rise

BANGALORE (Reuters) – Newell Rubbermaid Inc (NWL.N: Quote, Profile, Research, Stock Buzz) cut its outlook for the year blaming a weak economy and a rise in costs, leaving investors jittery as the company gets ready to replace its CEO of five years.

The maker of Sharpie pens and Rubbermaid storage containers also said its second-quarter results would fall short of current market estimates, sending its shares down 12 percent.

    • About Nivedita

      "Reporter, covering the consumer/retail sector. Apparel is the beat. Currently based in Chicago. Joined Reuters in 2008"
      Hometown:
      Chicago
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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