Sears sees lower quarterly profit; shares plunge
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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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Sears Holdings Corp.  on Tuesday forecast lower quarterly profit and admitted that it needed to become more relevant to consumers and control its costs, sending its shares down as much as 7 percent in premarket trading.
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Shares of Lowe's Cos  fell more than 5 percent on Tuesday after the home improvement retailer cut its profit forecast for this year amid the slumping U.S. housing market.
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Lowe's Cos.  reported lower  quarterly profit on Friday as the battered U.S. housing market  hurt sales.
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Discount retailer Dollar General Corp.   DG.N on Thursday posted lower quarterly profit, hurt by weak   gross profit margins and a disappointing start to the   back-to-school shopping season.
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U.S. stocks opened lower on Thursday,  weighed down by disappointing earnings from eBay Inc. and a  lower-than-expected profit forecast from Qualcomm Inc. .
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Sears, Roebuck &amp; Co (SN: Quote, Profile, Research) , the largest US 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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AnnTaylor Stores Corp  posted lower quarterly profit on Friday as the women's apparel retailer suffered weak customer traffic at its Ann Taylor and LOFT chains, forcing markdowns on many items.
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Youth-oriented retailer Abercrombie &amp; Fitch Co. (ANF.N: Quote, Profile, Research) on Tuesday posted an unexpected fall in quarterly profit as it struggles to boost sales, and said it remained cautious for the rest of the year.
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Williams-Sonoma Inc. , the  upscale home furnishings retailer, reported lower quarterly  profit Wednesday, citing challenging sales in its core brands.
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Caterpillar Inc. CAT.N reported  lower-than-expected quarterly earnings on Thursday as higher  raw material prices and retirement benefits hurt profit,  sending its shares down nearly 5 percent.
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Tool maker Black & Decker Corp  said on Thursday quarterly profit fell due to the weak U.S. housing market and higher commodity prices.
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Stocks fell on Tuesday after profit warnings from Home Depot Inc.  and Sears Holdings Corp. , while trouble in the subprime mortgage market fueled a sell-off among shares of financial companies.
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Sears, Roebuck and Co. posted a &#36;61 million loss in the third quarter and lowered its estimate for full-year earnings as its tailspin continues. The giant retailer's stock fell sharply Thursday.
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Talbots Inc.  said on Wednesday that quarterly net profit tumbled, hurt by heavy markdowns and declining sales at its flagship Talbots chain, sending its shares down nearly 15 percent in early electronic trading.
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Sears Holdings Corp.  on Tuesday forecast lower quarterly profit and admitted that it needs to become more relevant to consumers and control its costs, sending its shares down more than 7 percent in premarket trading.
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Whirlpool Corp.  reported a 13 percent drop in quarterly earnings on Wednesday, hurt by soft U.S. demand for appliances amid a weak housing market, and it cut its profit forecast for the year, sending its shares down 3 percent.