Newell Rubbermaid Cuts Sales Forecast
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ATLANTA  â The consumer products maker Newell Rubbermaid cut its 2008 sales forecast on Thursday, saying it did not expect economic conditions in North America to improve, and its shares fell.
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Pump prices are to fall by as much as 3.5p a litre as several major retailers follow Morrisons and cut prices.
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Slashed earnings estimate pulls down shares.
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Wal-Mart Stores Inc cut its capital expenditure forecast on Tuesday and scaled back on planned supercenters as the world's largest retailer grapples with slowing sales in a saturated U.S. market.
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The company's sales fall, pulling down its stock price.
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US department store chain Macy's is to cut 2,300 jobs, as it announces a 7.1% fall in sales in January.
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Home improvement retailer Home Depot Inc.  on Tuesday cut its 2007 earnings outlook, citing weakness in the U.S. housing market.
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MIAMI -- Lennar Corp., one of the nation's biggest homebuilders, cut its third-quarter earnings projections Friday due to a decrease in new orders amid softening in the housing market. Its shares fell nearly 2 percent.
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The Home Depot Inc., the world's largest home improvement store chain, warned Tuesday that its earnings will decline this year more than previously expected because of weak conditions in the housing market and the sale of its wholesale distribution business.
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AMSTERDAM, Netherlands (Dow Jones/AP) -- Royal Philips Electronics NV Friday lowered the outlook for its semiconductors division and its industry growth prediction, giving another indication that the sector is experiencing a slowdown due to high inventory
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Budget competition from other consumer electronics devices is among factors lowering sales estimates.
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Wal-Mart Stores Inc. WMT.N lowered  its August sales forecast on Monday as back-to-school demand  failed to meet its expectations and hurricanes in Florida  forced it to close 75 stores.
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Coca-Cola Enterprises Inc. (CCE.N: Quote, Profile, Research) , the world&#39;s largest bottler of Coca-Cola drinks, on Wednesday cut its earnings forecast due to lower-than-expected
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AMSTERDAMâRoyal Philips Electronics NV, Europe&#39;s top consumer electronics group, cut the sales forecast for its closely watched chip unit yesterday and predicted much smaller growth for the semiconductor industry next year.
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CHICAGO (CBS.MW) - Retail stocks fell Monday after Wal-Mart cut its August sales forecast, casting a pall over expectations for consumer spending during the back-to-school season.
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US retailers are expected to post modest November sales this week, with No. 1 retailer Wal-Mart Stores Inc. already cutting its holiday outlook on high oil prices and warmer weather.
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Electrolux AB, the world's biggest maker of home appliances, reduced its profit forecast for the rest of the year on Thursday, citing rising steel prices.