Ross Stores Profit Plummets 40 Percent
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Discount retailer Ross Stores Inc. Wednesday said its profit fell about 40 percent in the latest quarter due to problems with a new computer system that limited the company's ability to respond to changes in customer demand.
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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 to improve older stores in a bid to gain market share.
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Barnes & Noble Inc. BKS.N, the top  U.S. bookseller, on Monday said quarterly profit fell due to  higher expenses and weaker demand for bestseller titles,  sending its stock down more than 2 percent.
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Struggling apparel giant Gap Inc. said on Thursday that fourth-quarter net profit fell 35 percent on lower or flat sales at its two main casual clothing chains and dependence on holiday season discounts.
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The retailer lowers its outlook after same-store sales fall.
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The company reports a decline in same-store sales for the third quarter.
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Aeon Co., Japan's second-biggest retail group, on Tuesday said quarterly operating profit fell 16 percent due to poor sales at its U.S. apparel unit Talbots Inc. and some goodwill charges.
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Pier 1 Imports Inc., a home furnishings retailer, said Tuesday its second-quarter income fell 43.3 percent due to a 3 percent drop in stores open at least a year.
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May Department Stores Co. , parent of the Lord & Taylor and David's Bridal retail chains, on Thursday reported lower-than-expected quarterly profit as sales slumped at stores open at least a year.
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The meat producer said its first-quarter profit slid 40 percent, withdrew its earnings guidance for the year and said it will hike prices largely to offset rising costs of feed.
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Discount retailer Fred&#39;s Inc. (FRED.O: Quote, Profile, Research) on Thursday said second-quarter profit fell, hit by increased markdowns, higher diesel fuel costs and other factors, sending its shares down almost 19 percent.
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Unilever, the consumer products giant, said today that profits had slipped during the third quarter - as had sales of its top 400 brands.
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The meat producer said its first-quarter profit slid 40 percent and planned to increase prices to offset the higher cost of commodities used to feed cattle.
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Marsh &amp; McLennan  posted a bigger-than-expected drop in quarterly profit as it digested higher costs and hefty restructuring charges.
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The parent of the Olive Garden and Red Lobster chains reported a nearly 30 percent drop in its quarterly net earnings on Tuesday.
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Dollar General Corp. said Wednesday that its third-quarter profits dropped nearly 9 percent amid high gas prices and reduced spending by its core, low-income customers. The discount retailer also lowered its forecast for the rest of the year.
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Women&#39;s apparel retailer AnnTaylor  Stores Inc.  said on Thursday that a weak assortment of  clothes at its LOFT chain led to deeper markdowns, causing  quarterly earnings to fall.