May Department Stores  Earnings Fall
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May Department Stores Co. MAY.N,  parent of the Lord & Taylor and David's Bridal retail chains,  on Thursday reported lower-than-expected quarterly profit as  sales slumped at stores open at least a year.
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American International Group Inc.,  said on Wednesday earnings fell 29 percent as revenues  declined, realized losses on investments widened, and business  in Asia trailed off.
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New home sales in May fell more than expected while consumer confidence in June hit a 10-month low amid worries about jobs and the business climate, adding to signs of sluggish economic growth this year.
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The home-furnishings retailer reports lower earnings but beats expectations.
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A change at the top of May Department Stores Co., whether through a buyout by rival Federated or on its own, should help the struggling retailer right itself after about four years of stumbling with disappointing sales and profits.
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Two years after merger talks fell apart between Federated Department Stores and May Department Stores, Federated is once again taking a look at May.
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WASHINGTON --Orders for US durable goods fell more than forecast in May, the first report to cast doubt on the strength of the rebound in business investment.
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Discount retailer Dollar General Corp.   DG.N on Thursday posted lower quarterly profit, hurt by weak   gross profit margins and a disappointing start to the   back-to-school shopping season.
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Slashed earnings estimate pulls down shares.
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The women's fashion retailer warns of lower earnings and sales.
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An earnings warning from Lowe's Cos Inc  and a slashed September sales forecast from Target Corp  hammered retail stocks on Tuesday as skittish consumers rein in spending, fueling concerns that the holiday shopping season could be the weakest in years.
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Same-store sales for the month come in short of the company's forecast.
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Women&#39;s apparel retailer AnnTaylor  Stores Inc.  said on Thursday that a weak assortment of  clothes at its LOFT chain led to deeper markdowns, causing  quarterly earnings to fall.
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Pending sales of existing U.S. homes hit the lowest level in more than five years in May and factory orders dipped modestly, according to data on Tuesday that suggested the economy was struggling.
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The struggling home furnishings retailer posts a 37% drop in Q3 earnings and cuts guidance.
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May Department Stores Co. is nearing completion of a plan to shut down 32 underperforming Lord &amp; Taylor department stores, saving the company &#36;50 million annually, the retailer said Tuesday.
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The clothing retailer's profits take a hit on weather woes and bigger-than-expected markdowns