Loss Narrows at Jones Apparel
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The company, which owns the Jones New York, Anne Klein and Nine West shoe and apparel brands, posted a fourth-quarter net loss of $89.8 million, or $1.06 a share.
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JJB Sports has warned that full-year profits will come in around 20 percent lower as a dismal summer and tough competition hits sales of T-shirts and shorts, sending its shares 19 percent lower.
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NEW YORK  - Mid-priced clothing retailer and maker Jones Apparel Group Inc.  said on Thursday it was buying Barneys New York Inc.  in a deal worth $400 million as a move to expand into luxury apparel retailing.
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The accessory line weighs down the company's overall margins.
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Jones Apparel Group Inc.  is near a deal to sell the Barneys New York department store chain for $825 million to Dubai's private equity firm Istithmar, The New York Times reported on Friday.
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International auctioneers Sotheby's  Holdings Inc. BID.N on Tuesday said its third-quarter loss  narrowed slightly on higher sales.
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JJB Sports has warned that full-year profits will come in around 20 percent lower as a dismal summer and tough competition hit sales of T-shirts and shorts, sending its shares 19 percent lower.
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TJX Cos. Inc.&#39;s second-quarter earnings fell 4 percent, reflecting higher markdowns on merchandise due to softer sales trends.
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Women's apparel retailer Talbots Inc   on Wednesday forecast a loss for its fiscal third and  fourth quarters, citing weaker-than-expected sales and tight  consumer spending.
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Sports Authority Inc. , the largest U.S. sporting goods chain, on Tuesday posted a smaller quarterly loss due in part to lower costs related to its merger last year with Gart Sports.
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Retailer JJB Sports warns that profits will be lower than it expected on falling sales of replica shirts.
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By Marc Silvestrini, Waterbury Republican-American, Conn.  Feb. 13--Chemtura Corp. on Monday reported a wider net loss for the  fourth quarter, but a narrower loss for the fiscal year.
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Jones Apparel Group Inc.  is close to a deal to sell Barneys New York luxury department store chain for $825 million to Dubai's private equity firm Istithmar, sources familiar with the situation said on Friday.
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Circuit City Stores Inc. CC.N on  Friday reported a narrower quarterly loss from continuing  operations as sales of higher-margin warranties and improved  distribution helped offset weak merchandise sales.
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Warner Music Group reported a narrower loss Monday, crediting a restructuring effort that cut costs.
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Jones Apparel Group Inc.  is near a deal to sell the Barneys New York high-end clothing chain for $825 million to Dubai's private equity firm Istithmar, The New York Times reported on Friday.
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Gap Inc. (GPS.N: Quote, Profile, Research) , the largest US specialty apparel retailer, on Thursday reported a slight decline in quarterly profit, meeting lowered forecasts, after summer clearance sales drew surprisingly small crowds.