Talbots sees loss on weak sales, consumer spending
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Women's apparel retailer Talbots Inc  on Wednesday forecast a loss for its fiscal third and fourth quarters, citing weaker-than-expected sales and tight consumer spending.
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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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Retail sales unexpectedly fall in December as consumers rein in their Christmas spending.
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LOS ANGELES - Toy makers and major retailers are bracing for potentially weak Christmas sales this year amid concerns that consumers, many squeezed by skyrocketing gas prices or uneasiness over the economy, will spend less on holiday shopping.    On Monday, No...
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Talbots Inc. (TLB.N: Quote, Profile, Research) on Wednesday cut its estimates for its third-quarter earnings, saying recent hurricanes and more price-conscious customers were making its September sales unexpectedly weak.
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Sales at U.S. retailers fell 0.4 percent in December and were less vigorous in November than previously thought, according to a government report on Tuesday that implied costlier energy and slumping housing prices were taking a toll on consumers.
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An earnings warning from Lowe&#39;s Cos Inc   and a slashed September sales forecast from Target Corp   hammered retail stocks on Tuesday as skittish consumers  rein in spending, fueling concerns that the holiday shopping  season could be the weakest in years.
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NEW YORK - Crumbling consumer confidence and slumping home sales could prove to be a bad combination for retailers, and for the broader economy going into the holiday shopping season, if the labor market contracts further and chokes off spending, economic data showed yesterday.
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Spending on womenâs apparel so far this year is proving disastrously weak, an ominous signal for the holiday shopping season.
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As sales of home improvement items fall and consumer confidence weakens, retailers are starting to feel the effects of the housing slump.
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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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BOSTON  â Talbots will close its 78 childrenâs and menâs apparel stores to focus on its core middle-age female customer, the company said Friday.
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WASHINGTON - Shoppers turned a bit tightfisted in August, dropping sales at the nation's retailers by 0.3 percent, providing fresh evidence of an erratic pace of consumer spending in recent months.    The decline in sales reported by the Commerce Department on Tuesday came after shoppers pushed sales up by a solid 0.8 percent in July as consumers' willingness to spend revived after a June lull...
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Clothing retailer Talbots Inc. TLB.N  on Wednesday posted a slight increase in quarterly profit,  meeting its lowered forecast, as it sold more merchandise at  full price and recorded a tax benefit.
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U.S. chain store sales fell in the latest week mostly because the imperfect nature of adjusting for seasonality more so than consumers lack of shopping, a report said on Tuesday.
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Electronics retailer Circuit City Stores Inc  forecast a loss for the holiday season on Friday, citing store changes that were hurting sales, and its shares plummeted almost 25 percent to four-year lows.
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An earnings warning from Lowe's Cos Inc  and a slashed September sales forecast from Target Corp  hammered retail stocks on Tuesday as skittish consumers rein in spending, fueling concerns that the holiday shopping season could be the weakest in years.