Sears Sees Quarterly Profit Decline; Shares Down
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Sears Holdings Corp.  on Tuesday forecast lower quarterly profit and admitted that it needed to become more relevant to consumers and control its costs, sending its shares down as much as 7 percent in premarket trading.
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Talbots Inc.  said on Wednesday that quarterly net profit tumbled, hurt by heavy markdowns and declining sales at its flagship Talbots chain, sending its shares down nearly 15 percent in early electronic trading.
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U.S. home goods retailer Bed Bath &  Beyond Inc  posted a lower quarterly profit on Thursday  and warned its fourth-quarter results would be lower than  expected, sending its shares down almost 10 percent.
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Sears, Roebuck & Co , the largest U.S. department store chain, on Thursday posted a third-quarter loss as its clothing sales continued to slide and cuts its forecast for the full year.
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Amazon.com Inc reported on Tuesday a drop in profit margins from the previous quarter, unpleasantly surprising investors betting on continued improvement at the world's largest Web retailer, and its shares fell 9 percent.
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Tool maker Black & Decker Corp  slashed its fourth-quarter profit outlook on Friday, citing worse-than-expected conditions in North America and a one-time charge, and its shares fell as much as 10 percent.
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Retailer Macy&#39;s Inc.  cut its  quarterly profit outlook on Thursday as June same-store sales  came in lower than expected, and its shares fell nearly 4  percent.
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Sears reported profit that trailed analystsâ estimates while earnings at Costco Wholesale fell 4.9 percent on the cost of a new return policy.
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Kraft Foods Inc. KFT.N on Tuesday  posted lower quarterly profit, weighed down by restructuring  charges.
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Campbell Soup Co. CPB.N on Monday   posted lower quarterly profits, pressured by costs from the   sale of its U.K. and Irish businesses, pushing its shares down   more than 2 percent.
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Stocks fell on Tuesday after profit warnings from Home Depot Inc.  and Sears Holdings Corp. , while trouble in the subprime mortgage market fueled a sell-off among shares of financial companies.
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Retailer Home Depot Inc.  said on  Wednesday it expected per-share profit to decline 4 percent to  9 percent this year as the weak U.S. housing market pressures  sales and it boosts investment in stores.
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Best Buy Co. Inc.  reported lower-than-expected quarterly profit on Tuesday as the consumer electronics retailer cut prices on flat-panel TVs to boost sales at the start of the holiday shopping season, sending its shares down 5 percent.
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Stocks headed for a lower open on Tuesday as disappointing earnings from Best Buy Co. Inc.  revived worries about consumer spending.
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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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Retailer Sears Holdings Corp.   posted a 20 percent rise in quarterly profit on Thursday,  helped by a legal settlement and other special gains, but sales  declined at both its Sears and Kmart units.
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Discount retailer Dollar General Corp.   DG.N on Thursday posted lower quarterly profit, hurt by weak   gross profit margins and a disappointing start to the   back-to-school shopping season.