Financial

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Financial

Retail Apparel Stocks Gain, Sector Fueled by PVH Results

Retail and apparel stocks posted gains for a second day in a row following a slump last week as investors gambled that consumers have a lot of pent-up spending to unleash.

Ascena Sees Net Decline in Quarter

Ascena Retail Group, noting soft performances at its Dress Barn and Justice divisions, reported $24.4 million in net income for its fiscal third quarter ended April, compared to last year's $33.2 million.

G-III Delivers Robust Q1 Sales and Earnings

G-III Apparel Group Ltd. posted robust sales and earnings for its first quarter, which prompted the company to raise its full-year sales and earnings guidance.

Brait’s New Buy New Look Posts Big Profit Rise

British budget clothes retailer New Look posted a big jump in full-year profit on Tuesday.

Europe’s Markets Lose Ground

The debt situation in Greece continued to weigh on investors in morning trading on Tuesday.

The view outside Sears.

Shareholder Sues Sears Holdings Over Seritage REIT

A shareholders seeking class-action status has filed a lawsuit against Sears Holdings and Edward Lampert over the proposed REIT transaction.

Calvin Klein White Label RTW Fall 2015

Calvin Klein Pushes PVH Past Q1 Estimates

Shares move up after hours on earnings beat, guidance lift and share repurchase plan.

Consumer Spending Softens, Retail Shares Gain on Outlook

Despite bringing in higher earnings, consumers failed to spend their money in April and socked it away instead.

Consumer Spending Slumps in April

The S&P 500 Retailing Industry Group index shed 0.3 percent to 1,129 amid a report from the Commerce Department’s Bureau of Economic Analysis that showed weak consumer spending.