Rite Aid Post Loss, Cuts Outlook
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Pharmacy chain operator Rite Aid Corp.  on Thursday posted a quarterly loss, compared with a profit in the same year-earlier quarter, and cut its full-year outlook, citing worse-than-expected sales.
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Sears, Roebuck and Co.'s credit rating was cut by Fitch Ratings on Monday to BBB-, one notch above junk status, a few days after the retailer trimmed its 2004 earnings outlook.
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The specialty retailer reports widening losses, but better times lay ahead.
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Circuit City Stores Inc. (CC.N: Quote, Profile, Research) posted a narrower quarterly loss from continuing operations on Friday but said the outlook was cautious for the current quarter, which includes the key holiday season.
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Rite Aid Corp. on Tuesday reported same-store sales at locations open for at least one year declined 1.3 percent, and the company warned its fiscal 2005 results could miss its previous expectations.
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With Q1 earnings down 72%, Foot Locker trims its upcoming guidance.
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Rite Aid Corp. , which last week  said it would buy the Eckerd and Brooks drugstore chains for  about $2.6 billion, on Tuesday said it is on track to meet this  year's profit and sales forecasts.
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Rite-Aid steers guidance lower after a difficult November.
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As expected, the athletic-shoe retailer posts a loss in the first quarter.
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Circuit City Stores Inc. CC.N posted  a narrower quarterly loss from continuing operations on Friday  but said the outlook was cautious for the current quarter,  which includes the key holiday season.
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Rite Aid Corp , the No. 3 U.S. drugstore chain, reported a wider-than-expected quarterly loss on Thursday, and cut its full-year outlook citing current sales trends, pushing its shares down nearly 5 percent in premarket trading.
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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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CHICAGO (CBS.MW) -- Shares of Rite Aid were hurting pretty good early Tuesday, falling about 5 percent after the drugstore chain warned that weak sales trends could bring its fiscal 2005 numbers in well below previous hopes.
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Dillard's Inc. DDS.N on Wednesday  reported a narrower quarterly loss as the department store  operator cut costs.
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Housewares retailer Williams-Sonoma  Inc. WSM.N on Thursday cut its forecasts for fourth-quarter  sales and earnings per share, and its shares fell 6 percent.
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The electronics retailer reported a $54.6 million first-quarter loss and withdrew its financial guidance for fiscal 2008 as it cut jobs and revamped.
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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.