Japanese Parent of Talbots Cuts Outlook
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The Aeon Company of Japan, cut its full-year outlook after poor results at Talbots cut deeply into its operating profit.
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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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Tokyo - Scandal-hit Japanese automaker Mitsubishi Motors said Monday its interim net loss nearly doubled to Â¥146.16 billion and announced it was downgrading its full-year earnings forecast.
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Specialty-electronics retailer Sharper Image Corp. cut its fourth- quarter earnings forecast Monday, citing disappointing holiday sales caused in part by inventory shortages.
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BOSTON (Dow Jones/AP) -- Shares of Sharper Image Corp. tumbled Monday after the gadget retailer sharply cut its views for the current quarter because of &quot;disappointing&quot; holiday sales.
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German-US auto giant DaimlerChrysler has slashed its full-year earnings forecasts on the back of anticipated losses at Chrysler -- its struggling US arm.
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NEW YORK (CBS.MW) -- Sharper Image shares plunged more than 17 percent Monday after the company cut its fourth-quarter earnings outlook due to &quot;disappointing&quot; holiday sales.
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Sputtering U.S. economy forces shipper to cut forecast.
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The retailer lowers its outlook after same-store sales fall.
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Talbots said it will focus on its core middle-aged female customer, a retrenchment that follows disappointing sales.
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The Nikkei average fell 0.63 percent by  midday on Friday, poised to snap a two-day winning streak after  a fall on Wall Street led to broad-based selling of core issues  such as Fast Retailing Co. (9983.T) and TDK Corp. (6762.T).
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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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The Nikkei average dipped 0.37 percent by  the close on Wednesday as some major banks, including UFJ  Holdings Inc., reversed gains made after Japan's state  turnaround body approved a restructuring plan for troubled  retailer Daiei Inc.
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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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Sharper Image Corp., which sells robotic vacuum cleaners and massage chairs, reduced its full-year profit forecast because holiday sales were disappointing.
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General Electric Co.'s finance company in Japan is scaling back operations, trimming about 15 percent of its work force here ahead of a new cap on borrowing rates that is forcing Japanese lenders to cut costs.
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The Nikkei 225 average is down 0.4 percent by midday Monday as caution about the dollar&#39;s weakness and the US presidential election prompts selling of exporters such as Toyota ahead of its earnings announcement.