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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.

Jul 27, 2011

Crocs Q2 beats estimates, Skechers misses

BANGALORE (Reuters) – Footwear company Crocs Inc (CROX.O: Quote, Profile, Research, Stock Buzz) beat estimates on strong demand, while Skechers USA Inc’s (SKX.N: Quote, Profile, Research, Stock Buzz) loss was wider than expected as fewer people bought its toning shoes and the company got stuck with excess inventory.

Shares of Crocs were up 10 percent in trading after the bell.

While Crocs expects a strong second half of the year and its strong sales trends to continue into the back-to-school season, Skechers said it was apprehensive about the future and that the “second half of 2011 will pose more challenges.”

Jul 22, 2011

Francesca’s shares soar on debut

BANGALORE, July 22 (Reuters) – Women’s specialty retailer
Francesca’s Holdings Corp’s (FRAN.O: Quote, Profile, Research) shares rose more than 40
percent in their first day of trading, valuing the company at
about $1 billion.

Francesca’s strong debut stood out in a lackluster IPO
market, barring the few Internet-related listings earlier this
year.

Jul 19, 2011

Frugal is in: deals to drive back-to-school shopping for clothes

BANGALORE (Reuters) – For young Americans, frugal dressing is in this back-to-school season.

Retailers like Abercombie & Fitch (ANF.N: Quote, Profile, Research, Stock Buzz), Aeropostale (ARO.N: Quote, Profile, Research, Stock Buzz) and Zumiez (ZUMZ.O: Quote, Profile, Research, Stock Buzz) may be showing off offers and promotions, but shoppers on skimpy budgets want to wait it out or check with value retailers for the best deals this season.

Jul 15, 2011

Icahn offers to buy Clorox in $10.2 billion deal

BANGALORE (Reuters) – Billionaire investor Carl Icahn offered to buy Clorox Co in a $10.2 billion deal, but also invited the household products maker to solicit rival bids, which he said would yield much higher offers for the company.

Icahn’s $76.50 per share offer represents an 12 percent premium to the stock’s Thursday closing.

    • 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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