Embattled retailer downbeat on profit
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DUSSELDORF - Struggling German retail concern KarstadtQuelle asked shareholders Monday for a EUR 500 million capitalisation increase, at the same time cautioning that it may only just barely turn a profit again in 2005.
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The retailer's same-store sales plummet.
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Depressed sales at Federated Department Store Inc. stores in Florida will cause third-quarter results to come in lower than expected, the company announced today.
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The company said that one-time costs and a recall of Easy-Bake Ovens drove its second-quarter profit well below year-ago results.
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Missed comps may be short-term noise for the soaring retailer.
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Retailer's stock sinks after investors agree to sell their shares at a lower-than-expected price.
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The auto parts retailer turns to profitability but sees key sales effort fall below last year.
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The sporting-goods retailer is down but not out.
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Sobering expectations â foreshadowed on Sunday when management announced lower prices â weighed on the companyâs already drooping stock.
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The company's dismal earnings have dimmed investor enthusiasm.
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The jeweler said 2nd-quarter net income fell to $37 million, hurt by a charge related to selling its Little Switzerland retail business, but sales beat expectations.
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Home furnishings retailer lowers expectations.
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Slot manufacturer gets pummeled after releasing profit warning.
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Profits plummet in the second quarter, but the retailer looks to a brighter tomorrow.
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If the second-quarter comps are any indication, this retailer's still struggling.
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The retailer lowers its outlook after same-store sales fall.
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Discount retailer has no fire left as comps, and profits fall again.