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Read More »Gap back in style as 1Q profit jumps 43 percent
NEW YORK — After years of struggle, Gap is back in style. Gap Inc., which owns The Gap, Old Navy and Banana Republic clothing chains, on Thursday reported a 43 percent jump in its fiscal first-quarter net income, as the ...
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Read More »Clearances, heat lured shoppers to spend in July
NEW YORK — Shoppers showed some spending muscle in July, once summer clearance sales and the hottest July in 50 years got them in the mood. Solid sales reports from retailers Thursday took some of the sting out of weak ...
Tagged with: Abercrombie & Fitch american eagle costco Economy Gap j.c. penney Kohl's limited brands macy's merchants Retail retailers revenue sales stores target victoria's secret Wal-mart weather wet seal
Read More »Retailers report positive March sales
NEW YORK — Retailers from discounter Target to department-store chain Macy’s reported better-than-expected sales in March in the latest sign that Americans are feeling better about the economy. A combination of warm weather and high demand for spring fashions boosted ...
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Read More »Shoppers say ‘ho-hum’ not ‘ho-ho-ho’ to sales
Sale, schmale. Used to be, customers would come running when stores cut prices. But these days, more Americans are becoming blasé about bargains. Jennifer Beasley recently left a Toys R Us in Cary, N.C., unimpressed by the retailer’s offers that ...
Tagged with: bargains discounts Economy Gap holidays Retail sales shoppers target toys r us
Read More »Macy’s to open at midnight Thanksgiving Day
NEW YORK — Macy’s Inc. says it will open all of its namesake stores at midnight following Thanksgiving for the first time, becoming the latest retailer to extend hours on the traditional kickoff to the holiday season. The opening is ...
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Read More »Study: Rich get a lot richer, outpace middle class
WASHINGTON — The richest 1 percent of Americans have been getting far richer over the last three decades while the middle class and poor have seen their after-tax household income only crawl up in comparison, according to a government study. ...
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Read More »Outlet malls a big hit for back-to-school shoppers
NEW YORK — Parents have a new goal this back-to-school shopping season: Buy their kids the name brands they want without spending like it’s 2007. After the recession began in late 2007, cost-conscious consumers sought out the cheapest shirts and ...
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Read More »Retailers report solid gains for August
NEW YORK — Shoppers remained resilient in August despite wild stock market swings and worries about the U.S. economy, resulting in what’s winding up to be a respectable back-to-school shopping season for many merchants. However, the impact of Hurricane Irene, ...
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Read More »Hurricane Irene: a mixed bag for retailers
NEW YORK — Hurricane Irene’s impact on retailers is similar to its effect on various states. Some got hit hard. Some didn’t get hit at all. And although there are billions of dollars in losses, it will take time to fully ...
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