International Business News - LTD http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Major business events and economic events scheduled for the coming week (some dates are tentative). All times are Eastern: MONDAY, May 19 http://www.ibtimes.com/articles/20080516/business-events-and-economic-reports-next-week.htm Fri, 16 May 2008 15:06:23 EDT Caught in the maelstrom of higher gas and food prices, Americans _ even more affluent ones _ are seeking shelter in wholesale clubs and discount apparel chains. http://www.ibtimes.com/data/articleimgs/44902-retail-sales.jpg http://www.ibtimes.com/articles/20080508/more-shoppers-seeking-shelter-from-economy-in-discounters.htm http://www.ibtimes.com/articles/20080508/more-shoppers-seeking-shelter-from-economy-in-discounters.htm Thu, 08 May 2008 17:18:29 EDT Summary of April same-store sales results for apparel category store chains, with percentage increase or decrease over the same month last year. Abercrombie & Fitch Co. 6 pct http://www.ibtimes.com/articles/20080508/apparel-chain-sales-results-for-april.htm Thu, 08 May 2008 14:40:16 EDT Limited Brands Inc., which operates Victoria's Secret and other retail chains, said Thursday its same-store sales in the four-week period ended May 3 fell 5 percent, well more than Wall Street expected. http://www.ibtimes.com/articles/20080508/limited-brands-same-store-sales-fall-5-percent.htm Thu, 08 May 2008 07:23:37 EDT A woman sued Victoria's Secret on Monday, claiming the lingerie company's latest secret is that they stole her idea for a bra whose straps can be worn different ways. http://www.ibtimes.com/articles/20080421/ny-mother-sues-victorias-secret-over-bra-design.htm Mon, 21 Apr 2008 18:00:53 EDT Retailers on Thursday reported weak March same-store sales as expected, as consumers cut back on discretionary spending amid a difficult economy. Analysts predicted weak results because consumers ha... http://www.ibtimes.com/articles/20080411/sector-review-march-same-store-sales.htm Fri, 11 Apr 2008 11:26:50 EDT Consumer sentiment in April is expected to further weaken amid a sinking economic climate, according to an early reading for the month. The preliminary Reuters/University of Michigan monthly index o... http://www.ibtimes.com/articles/20080411/ahead-of-the-bell-consumer-sentiment.htm Fri, 11 Apr 2008 06:09:37 EDT Americans' confidence in the economy fell to a new low, dragged down by worries about mounting job losses, record-high home foreclosures and zooming energy prices. According to the RBC Cash Index, ... http://www.ibtimes.com/articles/20080411/consumer-confidence-falls-to-new-low.htm Fri, 11 Apr 2008 03:46:13 EDT Americans' confidence in the economy fell to a new low, dragged down by worries about mounting job losses, record-high home foreclosures and zooming energy prices. According to the RBC Cash Index, ... http://www.ibtimes.com/articles/20080411/confidence-falls-to-new-low.htm Fri, 11 Apr 2008 03:20:46 EDT Share of specialty retailers were mixed in early trading Thursday, as most of the nation's retailers reported sluggish March sales. It was the weakest March performance in 13 years, hurt, in part, ... http://www.ibtimes.com/articles/20080410/sector-snap-specialty-retailers.htm Thu, 10 Apr 2008 10:37:22 EDT Commercial bank stocks mostly fell Thursday morning as Wall Street perused data showing a drop in jobless claims last week but steep sales drops at clothing retailers such as Limited Brands Inc., amo... http://www.ibtimes.com/articles/20080410/opening-glance-commercial-banks.htm Thu, 10 Apr 2008 10:08:46 EDT Stocks fluctuated Thursday as investors weighed mixed sales figures from major retailers and a drop in unemployment claims. The Labor Department said initial claims for unemployment benefits fell by... http://www.ibtimes.com/articles/20080410/stocks-waver-after-mixed-retail-data.htm Thu, 10 Apr 2008 09:56:35 EDT Stocks were poised to open lower Thursday as investors, anxious about the financial health of the average U.S. consumer, digested mostly poor sales figures from major retailers and a dip in last week... http://www.ibtimes.com/articles/20080410/stock-futures-dip-on-weak-retail-data.htm Thu, 10 Apr 2008 08:53:21 EDT Most retailers reported sluggish sales in March when consumers fretting about mounting economic problems limited their shopping to food and other essentials. As the nation's merchants reported sale... http://www.ibtimes.com/articles/20080410/retailers-post-sluggish-sales-in-march.htm Thu, 10 Apr 2008 08:07:22 EDT Limited Brands Inc., which operates Victoria's Secret and other retail chains, said Thursday that March same-store sales dropped 8 percent, as its Bath & Body Works stores booked steep sales decline... http://www.ibtimes.com/articles/20080410/limited-same-store-sales-drop-8-pct.htm Thu, 10 Apr 2008 07:32:07 EDT Shares of specialty apparel retailers fell on Tuesday, as an analyst downgraded Gap Inc. and a report said consumer confidence declined in March. Citigroup analyst Kimberly Greenberger wrote in a note to investors that Gap's share price is fairly valued, and the company now needs to improve sales at its older stores, or at least slow the decline in revenue from those locations. http://www.ibtimes.com/articles/20080325/sector-snap-specialty-apparel.htm Tue, 25 Mar 2008 13:06:37 EDT Shares of specialty retailers closed down on Monday, as JPMorgan Chase's government-backed buyout of faltering investment bank Bear Stearns Cos. raised questions about the financial security of other banks. http://www.ibtimes.com/articles/20080317/sector-glance-specialty-retailers.htm Mon, 17 Mar 2008 16:12:30 EDT An initial reading of consumer sentiment in March is expected to show no spring in shoppers' steps. The preliminary Reuters/University of Michigan monthly index of consumer sentiment will be released Friday at 10 a.m. EDT with a final report coming March 28. The market anticipates a reading of 69.5, according to a consensus estimate of Wall Street economists surveyed by Thomson/IFR. That's slightly down from February's 70.8 reading, the lowest final monthly reading in 16 years. http://www.ibtimes.com/articles/20080314/ahead-of-the-bell-consumer-sentiment.htm Fri, 14 Mar 2008 05:16:39 EDT Agriculture and food products company Bunge Ltd. said late Wednesday it won't proceed with a proposed public offering of senior notes due to current market conditions. http://www.ibtimes.com/articles/20080313/bunge-ltd-foregoes-notes-offering.htm Thu, 13 Mar 2008 06:20:50 EDT Handbag and leather goods maker Coach Inc. said Wednesday it has hired the current co-leader of Victoria's Secret to be its next president and chief operating officer. http://www.ibtimes.com/articles/20080312/coach-names-successor-to-outgoing-coo.htm Wed, 12 Mar 2008 06:33:50 EDT