Limited Brands Inc posted a better-than-expected 35 percent rise in adjusted quarterly earnings by controlling costs and inventory, and raised its fiscal-year earnings outlook, sending shares up 10 percent.
Gap Inc said on Thursday that higher profit margins contributed to a rise in quarterly net profit that beat Wall Street projections by a penny, even as sales trends proved disappointing at its chains. Gap shares rose 1.
Ross Stores Inc on Wednesday said quarterly profit rose 40 percent as cash-strapped customers shifted to the off-price retailer from department stores, and it raised its outlook for the rest of the year. Net income rose to $71.
Hot Topic Inc, a teen-clothing retailer, posted a narrower-than-expected loss for the second quarter, helped mainly by strong sales at its Torrid stores, and forecast weaker-than-estimated earnings for the rest of the year, sending its shares down more than 6 percent.
Seymour Pierce upgraded British fashion chain Ted Baker to "buy" from "outperform," saying the company should benefit from a strong dollar, a relatively strong balance sheet and growth potential through new store openings.
Apparel retailer American Eagle Outfitters prices and concentration on jeans and T-shirts, both back-to-school staples, should help give it a boost among cost-conscious teens during a challenging retail environment, Barron's reported in its Aug.
U.S. Fashion accessories retailer PreVu Inc , formerly known as Wilsons The Leather Experts, said it will liquidate its remaining stores after it failed to obtain necessary financing for a new retail format.
Kohl's Corp, a mid-priced apparel and home goods retailer, reported a quarterly profit on Thursday that beat Wall Street's expectations and raised its full-year forecast, saying tight expense controls would help it weather a tough U.S. economy.