Sears Profit Falls, Beats Expectations
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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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Lowe's Cos.  reported lower  quarterly profit on Friday as the battered U.S. housing market  hurt sales.
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U.S. stocks fell on Tuesday as profit warnings from retailer Sears Holdings Corp.  and home builder D.R. Horton Inc  fueled concerns about the economy's health and the earnings outlook.
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Sears, Roebuck & Co S.N, the largest  U.S. department store chain, on Thursday posted a third-quarter  loss as its sales continued to slide, prompting the company to  cut its full-year profit forecast.
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AnnTaylor Stores Corp  posted lower quarterly profit on Friday as the women's apparel retailer suffered weak customer traffic at its Ann Taylor and LOFT chains, forcing markdowns on many items.
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Sears Holdings Corp.  reported  higher fourth-quarter profit on Thursday, helped by property  sales and higher operating income at its Sears and Kmart  divisions.
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General Motors Corp.  on Wednesday said it swung to a profit with its delayed fourth-quarter results as it cut costs through a sweeping restructuring and saw gains in its core auto operations.
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Food company General Mills Inc.   on Thursday posted sharply lower quarterly profit,  pressured by higher costs, increased marketing spending and  restructuring charges.
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The retailer cited lower overall sales and weaker operating results from Kmart and its domestic Sears operations.
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U.S. stocks fell at the open on Tuesday after profit warnings from retailer Sears Holdings Corp.  and home builder D.R. Horton Inc  as the housing slump took its toll, raising concerns about the quarter's earnings outlook.
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Campbell Soup Co  posted lower quarterly profit on Friday, hurt by higher commodity costs and promotional spending.
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Sears Holdings Corp.  on Tuesday forecast lower quarterly profit and admitted that it needs to become more relevant to consumers and control its costs, sending its shares down more than 7 percent in premarket trading.
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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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Family Dollar Stores Inc  said on Tuesday quarterly profit fell as sales at older stores declined and customers cut their discretionary spending.
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Sears, Roebuck and Co.  on Tuesday said it would restate its fourth-quarter 2004 earnings, cutting them by 5 cents to 10 cents a share, due to an error in accounting for construction allowances.
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Best Buy Co. Inc.  reported lower-than-expected quarterly profit on Tuesday as the consumer electronics retailer slashed prices on flat-panel TVs to boost sales at the start of the holiday shopping season, sending its shares down over 6 percent.
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Sears, Roebuck &amp; Co (SN: Quote, Profile, Research) , the largest US 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.