Talbots says sales trends weak
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Apparel retailer Talbots Inc  said on Friday it will exit its Talbots Kids and Mens lines and warned of weaker-than-expected fourth-quarter sales, sending shares down 7 percent in morning trading.
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A weak report on retail sales, a key element of US economic activity, fueled nagging doubts about whether a so-called &quot;soft patch&quot; for the US economy is lingering.
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Retailers reported weak February sales, saying the monthâs cold temperatures and stormy weather hampered results.
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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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U.S. automakers were expected to report on Thursday that sales finished 2007 weakly, hurt by the housing slump and high gasoline prices, and the resulting worst sales year in a decade for the industry was seen as likely to increase pressure for further production cuts.
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Sales of new homes, plunging to their lowest level in more than 12 years, were weaker than forecast last month - leaving the market glutted with unsold homes and pointing to more trouble ahead for the battered housing market.
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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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U.S. chain store sales fell in the  latest week mostly because the imperfect nature of adjusting  for seasonality more so than consumers lack of shopping, a  report said on Tuesday.
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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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Sharper Image of San Francisco revised down its outlook for next year, saying sales increased only 4 percent through Dec. 24. This is trending below our expectations for an increase in total company sales
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Fordâs sales fell 9 percent in December, ending with a whimper a year that is expected to be the worst for the auto industry since 1998.
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General Motors Corp  said on Thursday its U.S vehicle sales fell 5.2 percent in December as consumer demand softened amid a weak housing market and higher gas prices.
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LOS ANGELES - Toy makers and major retailers are bracing for potentially weak Christmas sales this year amid concerns that consumers, many squeezed by skyrocketing gas prices or uneasiness over the economy, will spend less on holiday shopping.    On Monday, No...
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Sales at retailers rose a smaller-than-expected 0.3 percent and they showed the biggest decline in almost a year when car sales were excluded, the government said.
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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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US retailers on Thursday reported weaker-than-expected August sales, generating the smallest monthly gain in a year and a half as high gasoline prices cut into back-to-school spending.
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The women's fashion retailer warns of lower earnings and sales.