May Department Stores  Earnings Fall
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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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Sears, Roebuck and Co. is limping into its proposed merger with Kmart. The department-store giant reported an 86 percent drop in fourth-quarter net earnings Thursday after shedding its profitable credit-card unit a year earlier, its results now solely dependent on sagging retail sales.
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Whirlpool Corp.  on Wednesday  posted lower fourth-quarter net earnings after a loss from  discontinued operations tied to assets acquired when it bought  Maytag last year.
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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.
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Apparel retailer Charming Shoppes Inc.  cut its profit forecast on Monday, citing lower sales and an increase in markdowns spring merchandise.
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Morrisons today revealed a 7.6% fall in interim pre-tax profits, as the supermarket group suffered another hit from the Safeway chain it took over in March.
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General Mills Inc. GIS.N on Tuesday  reported a steeper fall in quarterly earnings than Wall Street  had expected due to higher costs of key food ingredients and  promotional spending.
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Sears, Roebuck and Co. on Thursday  said quarterly profit fell sharply compared with a year  earlier, when the department store operator had a gain from the  sale of its credit card business, but the profit topped  forecasts as the retailer slashed costs.
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New orders for U.S.-made durable  goods unexpectedly fell 0.3 percent in May as aircraft orders  dived, according to a government report on Friday that  nonetheless showed healthy spending in other sectors.
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Americans spent less than forecast in May, a sign that a consumer slowdown is restraining price pressures.
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(Corrects second paragraph to show earnings of $17,000, not $28,000)     NEW YORK  - Apparel retailer Talbots Inc.  said on Wednesday that quarterly net profit fell, hurt by heavy markdowns and declining sales at its flagship Talbots chain.
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May Department Stores (MAY:NYSE - news - research) reported dismal third-quarter results Tuesday, weighed down by its acquisition of Marshall Field&#39;s and negative sales trends.
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Sales of existing homes fell in May to the lowest level in four years while the median home price dropped for a record 10th consecutive month.
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Merger talks between Federated  Department Stores Inc. FD.N and May Department Stores Co.  MAY.N broke down after the two companies could not agree on  the price Federated would pay for May, the Wall Street Journal  reported on Tuesday, citing people familiar with the matter.
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Sales were lower than expected, and the quality of earnings is in question.
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The struggling home furnishings retailer posts a 37% drop in Q3 earnings and cuts guidance.
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Same-store sales for the month come in short of the company's forecast.