International Business News - RL 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 The lower profits and muted outlooks this week from retailers such as J.C. Penney Co., Macy's Inc. and Nordstrom Inc. are heightening concerns among investors that shoppers' focus on necessities and buying at discounters could linger well into next year. http://www.ibtimes.com/articles/20080815/retailers-face-frugal-shoppers-through-2009.htm Fri, 15 Aug 2008 17:42:49 EDT J.C. Penney Co. reported a 36 percent drop in second-quarter profits Friday and issued a downbeat outlook for the current quarter as shoppers cut back on clothing spending in a tough economy. http://www.ibtimes.com/data/articleimgs/109364-j-c-penney.jpg http://www.ibtimes.com/articles/20080815/penneys-profit-slides-percent.htm http://www.ibtimes.com/articles/20080815/penneys-profit-slides-percent.htm Fri, 15 Aug 2008 09:21:47 EDT J.C. Penney Co. reports earnings for the second quarter on Friday before the market opens. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080813/earnings-preview-j-c-penney-to-report-fiscal-2q.htm Wed, 13 Aug 2008 18:02:12 EDT Shares in apparel maker Polo Ralph Lauren Corp. rose more than 5 percent Wednesday after the company released a strong fiscal first-quarter earnings report and raised its full-year outlook above analyst expectations. http://www.ibtimes.com/articles/20080806/polo-ralph-lauren-shares-rise-5-percent.htm Wed, 06 Aug 2008 11:00:01 EDT Among the earnings stories for Wednesday, Aug. 6, from AP Financial News: LAKE FOREST, Ill. (AP)--Hospira Inc., which makes drug delivery systems and devices, said Wednesday its second-quarter profit more than doubled on higher sales and a dip in expenses, but the results still fell short of Wall Street forecasts. http://www.ibtimes.com/articles/20080806/earnings-roundup-hospira-polo-ralph-lauren.htm Wed, 06 Aug 2008 10:36:39 EDT Among the earnings projection stories for Wednesday, Aug. 6, from AP Financial News: NEW YORK (AP)--Apparel maker Polo Ralph Lauren Corp. on Wednesday raised its fiscal-year outlook above analyst expectations, following a strong fiscal first-quarter earnings report. http://www.ibtimes.com/articles/20080806/outlook-roundup-polo-ralph-lauren-protective-life.htm Wed, 06 Aug 2008 10:21:53 EDT Apparel maker Polo Ralph Lauren Corp. on Wednesday raised its fiscal-year outlook above analyst expectations, following a strong fiscal first-quarter earnings report. http://www.ibtimes.com/articles/20080806/polo-ralph-lauren-raises-full-year-outlook.htm Wed, 06 Aug 2008 09:08:44 EDT Apparel maker Polo Ralph Lauren Corp. said Wednesday that fiscal first-quarter profit rose 8 percent, despite the weak retail environment, as sales at its retail stores rose. It also raised its earnings outlook for the year. http://www.ibtimes.com/articles/20080806/retail-sales-boost-polo-ralph-laurens-1q-results.htm Wed, 06 Aug 2008 11:48:51 EDT Polo Ralph Lauren Corp. is slated to report fiscal first-quarter earnings on Wednesday, and investors will be looking for any details of how the slow economy has affected consumers' appetite for luxury goods. http://www.ibtimes.com/articles/20080804/on-the-watch-polo-ralph-lauren.htm Mon, 04 Aug 2008 12:08:50 EDT J.C. Penney Co. is launching a new private-label brand called Dorm Life, a line of home goods aimed at young adults leaving the nest. The department store company said Monday that the line was designed in-house. That's a contrast with Penney's ambitious launch earlier this year of American Living, which was designed by Polo Ralph Lauren Corp. http://www.ibtimes.com/articles/20080707/penney-launches-new-brand-aimed-at-young-adults.htm Mon, 07 Jul 2008 14:14:56 EDT Apparel maker Polo Ralph Lauren Corp. said Jeff Sherman, the president and chief operating officer of its Polo retail group, will retire. He will be replaced by Wayne Meichner, effective immediately. http://www.ibtimes.com/articles/20080702/polo-ralph-lauren-unit-coo-to-retire.htm Wed, 02 Jul 2008 08:03:47 EDT Among the stock activity stories for Wednesday, June 25, from AP Financial News: NEW YORK (AP)--Shares of lodging company Gaylord Entertainment Co. surged on Wednesday, one day after three analysts maintained "Outperform" ratings on the stock. http://www.ibtimes.com/articles/20080625/movers-roundup-gaylord-entertainment-parexel.htm Wed, 25 Jun 2008 14:28:45 EDT J.C. Penney Co. will further slow the pace of new department store openings and cut capital spending next year because of the weak economy. The company said Wednesday it now plans 20 new or relocated stores next year, down from the 36 it expects to open in 2008. http://www.ibtimes.com/articles/20080625/j-c-penney-to-reduce-pace-of-store-openings.htm Wed, 25 Jun 2008 17:13:38 EDT Polo Ralph Lauren Corp. shares rose after an analyst said the apparel maker has room for growth if it delivers strong results in its June quarter. Morgan Keegan analyst Brad Stephens upgraded the New York-based company to "Market Perform" from "Underperform" in a note, noting the stock has held up despite four downgrades in the year to date. http://www.ibtimes.com/articles/20080625/polo-ralph-lauren-shares-rise-on-upgrade.htm Wed, 25 Jun 2008 12:07:45 EDT Auto insurance provider Progressive Corp. named Roger Farah to its board, filling a vacancy that became open in December. Farah is president and chief operating officer of Polo Ralph Lauren Corp. He replaces Philip Laskawy, who stepped down last December because of other commitments. http://www.ibtimes.com/articles/20080613/progressive-names-roger-farah-to-board.htm Fri, 13 Jun 2008 15:19:28 EDT Shares of apparel makers closed lower Friday along with the broader market as oil prices soared more than $10 a barrel to a new record and unemployment climbed much more than anticipated. http://www.ibtimes.com/articles/20080606/closing-glance-apparel-makers-down-on-oil-prices.htm Fri, 06 Jun 2008 16:12:34 EDT Shares of apparel makers dropped early Friday along with the broader market because of rising oil prices and a bigger-than-expected jump in unemployment. http://www.ibtimes.com/articles/20080606/opening-glance-apparel-makers-down-on-oil-prices.htm Fri, 06 Jun 2008 10:06:13 EDT Shares of apparel makers ended higher Thursday after retailers reported better-than-expected sales for May. Discount and lower-priced stores such as Costco Wholesale Corp. and Wal-Mart Stores Inc. were among the strongest performers. http://www.ibtimes.com/articles/20080605/closing-glance-apparel-makers-up-on-may-sales.htm Thu, 05 Jun 2008 16:05:18 EDT Shares of apparel makers rose early Thursday as retailers reported stronger-than-expected sales for May. Consumers appeared to step up their shopping as tax rebate checks hit their mailboxes. http://www.ibtimes.com/articles/20080605/opening-glance-apparel-makers-up-on-may-sales.htm Thu, 05 Jun 2008 10:14:45 EDT Shares of apparel makers traded down early Wednesday, while the broader market rose modestly after reports on the service sector and worker productivity. http://www.ibtimes.com/articles/20080604/opening-glance-apparel-makers-down.htm Wed, 04 Jun 2008 10:23:17 EDT