Ahold Sees US Retail Profits Fall
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Dutch food retailer Royal Ahold NV said income from its US retail operations plunged 30 percent in the second quarter, blaming sluggish performance at Giant Food and Stop &amp; Shop Stores, its two biggest American chains.
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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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US retail sales are set to slow markedly this year as consumers feel the impact of rising interest rates, the National Retail Federation says.
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The retailer lowers its outlook after same-store sales fall.
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Home Depot Inc. , the world's largest home improvement retailer, reported lower fourth-quarter profit on Tuesday as the weak U.S. housing market hurt sales at its retail stores, which declined 2 percent.
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The clothing retailer's profits take a hit on weather woes and bigger-than-expected markdowns
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Sears Holdings said Thursday that its second-quarter profit had tumbled 40 percent because of lower overall sales and weaker operating results from Kmart and its domestic Sears operations.
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Apparel retailer Talbots Inc.  said on Wednesday that quarterly net profit fell, hurt by heavy markdowns and declining sales at its flagship Talbots chain.
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US retail sales fell unexpectedly in June as American consumers cut back their spending amid a persistent housing slump and higher gasoline costs, a government survey showed Friday.
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Toymaker Hasbro Inc. HAS.N said on  Wednesday its full-year net revenue would drop and forecast  earnings well below Wall Street expectations, citing a tough  retail environment and disappointing performance domestically.
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Home Depot Inc.  posted a 28 percent drop in fourth quarter profit on Tuesday as the weak U.S. housing market depressed sales at its retail stores.
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Retailer Home Depot Inc.  said on Wednesday it expects per-share profit to fall this year as the U.S. housing slump hurts sales and it increases spending on its stores.
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Sears, Roebuck & Co S.N, the largest  U.S. department store chain, on Thursday posted a third-quarter  loss as its sales continued to slide, prompting the company to  cut its full-year profit forecast.
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Business & money: Leading stores forecast shortfall in year's profits after shoppers cut back on festive spending
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The struggling home furnishings retailer posts a 37% drop in Q3 earnings and cuts guidance.
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Sears Holdings Corp.  on Tuesday forecast lower quarterly profit and said it needs to better control its costs and stock more items that its shoppers demand, sending shares down more than 8.7 percent.
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Home Depot Inc.  on Tuesday forecast a deeper profit drop for 2007, citing weakness in the U.S. housing market.