Avon Lowers U.S. Sales Forecast
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Avon Products Inc. AVP.N on Friday  posted a 33 percent increase in third-quarter profit, but  continued concerns over weakness in the United states pushed  the stock 7 percent lower.
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U.S. stock futures pointed to a lower market open on Monday as investors worried about a weak retail environment after a disappointing sales forecast from Wal-Mart Stores Inc.  and a rise in crude oil prices.
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Avon Products Inc , the world's largest direct seller of cosmetics, said on Tuesday fourth-quarter profit fell, as it spent more during the final stages of its multiyear restructuring plan.
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Talbots Inc., the women's clothing retailer, cut its third-quarter earnings forecast Wednesday, citing low September sales.
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The deep-discount retailer misses earnings projections and lowers its outlook.
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Young women's clothing retailer  Charlotte Russe Holding Inc. CHIC.O on Thursday slashed its  quarterly earnings and sales forecast after a disappointing  back-to-school season, sending its stock down 21 percent.
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U.S. stocks were set to open lower on  Friday, after August payroll data came in slightly below  expectations.
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Avon Products Inc. AVP.N, the  world's largest direct seller of cosmetics, on Wednesday  forecast a slide of as much as 10 percent in U.S. operating  profit as it grapples with weaker sales of key beauty items.
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U.S. stocks were a little lower on  Tuesday, under pressure from worry that higher oil prices will  cut into corporate profits and consumer demand, and retail  sales data that declined more than expected in August.
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Philips Electronics, Europe&#39;s largest consumer electronics company, lowered its sales forecast for its semiconductor division, representing the latest sign that the sector is suffering a slowdown after a long period of rapid growth.
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By Kyodo News International, Tokyo  Mar. 9--TOKYO -- Major retailer Daiei Inc. said Friday it has lowered its  group sales estimate for the just-ended business year due largely to  weaker-than-expected sales of clothing and other items caused by this winter's  unusually warm weather.
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Wal-Mart (WMT:NYSE - news - research) cut its November sales forecast Saturday, citing declining customer traffic over the past week.
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Harley-Davidson Inc  said on Friday that 2007 earnings would come in 4 percent to 6 percent lower than last year because of a sharp slowdown in August retail sales, and the motorcycle company's shares fell as much as 9 percent.
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Bristol-Myers Squibb, reeling from the incursion of a generic competitor to its top-selling drug Plavix, lowered its earnings forecast for the year.
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Avon Products Inc. (AVP.N: Quote, Profile, Research) on Friday posted higher quarterly earnings as business in Latin America and Europe helped offset weakness in the United States for the direct seller of cosmetics.
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Pharmaceutical sales in the U.S. will drop to a third of global sales in 2008, from a 50 percent share two years ago, a report released Thursday says.
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U.S. auto sales weakened in August in   an unexpected drop that industry analysts attributed to growing   economic pressures on consumer spending.