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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The women's fashion retailer warns of lower earnings and sales.
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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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Evidence of an abrupt slowdown in consumer spending mounted Monday as Sears Holdings, the owner of Sears and Kmart, warned that its profit would most likely plunge as much as 57 percent for the three months ending in early February.
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Retail sales fell 0.3 percent in January  --  the weakest showing in five months  --  as a big drop in demand for cars offset strength at clothing and department stores. Spending was powered mostly by consumers anxious to use holiday gift cards.
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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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Alcatel-Lucent warned Thursday that after talks with North American mobile operator clients about their spending plans, third quarter sales growth was expected to be weak and would &quot;negatively impact&quot; profitability.
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Shoppers were spending money up until the last minute, but holiday sales were nevertheless a disappointment. So says MasterCard Advisors' SpendingPulse, a report that tracks retail sales nationally.
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Hurricane Frances will hurt sales and profits at Federated Department Stores Inc., the retailer said Tuesday. The Lazarus-Macy&#39;s parent estimates it will lose $20 million in sales, while
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The deep-discount retail chain is feeling the effects of cautious spending.
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Business & money: Stores group piles on gloom in retail sector with first fall in sales in more than two years
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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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The 2007 holiday shopping season is turning out to be the weakest in years after retailers across-the-board reported deep declines in their December sales Thursday.
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Higher oil prices and rising interest rates are likely to lead to a slowdown in spending on the UK High Street, business leaders predict.
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Children&#39;s Place Retail Stores Inc.   on Monday said weak sales at its Children&#39;s Place and  Disney Store chains caused a 4 percent decline in June  same-store sales, forcing the retailer to forecast a wider net  loss for the current quarter than analysts had expected.
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Ford Motor Co.  expects to miss  its U.S. retail sales goals for February and March because of a  deepening slump in the market for pickup trucks and SUVs, a  person who had seen the forecast said on Friday.
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Ford Motor Co.  expects to miss its U.S. retail sales goals for February and March because of a deepening slump in the market for pickup trucks and SUVs, a person who had seen the forecast said on Friday.