International Business News - stores 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 Wal-Mart Stores says Mike Duke, vice chairman of its international division, will replace Lee Scott as president and chief executive when he retires from those positions in February. http://www.ibtimes.com/data/articleimgs/179559-walmart-ceo.jpg http://www.ibtimes.com/articles/20081121/wal-mart-names-duke-as-next-chief-executive.htm http://www.ibtimes.com/articles/20081121/wal-mart-names-duke-as-next-chief-executive.htm Fri, 21 Nov 2008 09:01:47 EST Wal-Mart Stores Inc., the world's largest retailer, unexpectedly announced Friday that its chief executive will retire in February and be replaced by the head of its international division. http://www.ibtimes.com/data/articleimgs/179649-walmart-ceo.jpg http://www.ibtimes.com/articles/20081121/wal-mart-names-duke-as-next-chief-executive.htm http://www.ibtimes.com/articles/20081121/wal-mart-names-duke-as-next-chief-executive.htm Fri, 21 Nov 2008 19:18:17 EST Women's clothing retailer AnnTaylor Stores Corp. swung to a loss in the third quarter due to restructuring charges and a consumer spending drop off, and said it would curtail capital spending to combat the weak environment. http://www.ibtimes.com/articles/20081121/anntaylor-swings-to-3rd-quarter-loss.htm Fri, 21 Nov 2008 08:27:10 EST Limited Brands Inc. shares could get a boost Thursday after the retailer reported better than expected third-quarter results and an analyst reiterated her "Outperform" rating on the stock. http://www.ibtimes.com/articles/20081120/ahead-of-bell-limited-brands.htm Thu, 20 Nov 2008 08:53:48 EST Clothing and accessories retailer Stage Stores Inc. said Thursday it expects its fourth-quarter sales and profit to decline due to the difficult economic environment for retailers. http://www.ibtimes.com/articles/20081120/stage-stores-expects-4q-decline-amid-downturn.htm Thu, 20 Nov 2008 07:43:53 EST Clothing and accessories retailer Stage Stores Inc. on Thursday reported a loss in its third-quarter due to a big impairment charge and loss of revenue due to two hurricanes. http://www.ibtimes.com/articles/20081120/stage-stores-reports-3q-loss-on-charge-storms.htm Thu, 20 Nov 2008 07:35:30 EST Teen apparel retailer Bebe Stores Inc. said late Tuesday its chief merchandising officer, Dyan Jozwick, left. Her responsibilities will be assumed by existing management as the company reviews its merchandising structure, the Brisbane, Calif.-based company said. http://www.ibtimes.com/articles/20081119/bebe-stores-merchandising-chief-leaves.htm Wed, 19 Nov 2008 07:51:15 EST Shares of AnnTaylor Stores Corp. hit their lowest price in eight years Monday after an analyst downgraded the women's apparel retailer, saying a cost-cutting program has not helped combat a sales slowdown. http://www.ibtimes.com/articles/20081110/anntaylor-stock-hits-lowest-price-in-8-years.htm Mon, 10 Nov 2008 19:30:46 EST Women's apparel retailer Bebe Stores Inc. on Thursday said it will miss Wall Street profit expectations in the second quarter if current sales trends hold. http://www.ibtimes.com/articles/20081106/bebe-sees-2q-missing-street-if-sales-trends-hold.htm Thu, 06 Nov 2008 17:01:58 EST Women's apparel chain Bebe Stores Inc. on Thursday said its fiscal first-quarter profit fell 27 percent, as higher markdowns ate into its profit margin. Results beat Wall Street expectations, but the company offered a second-quarter outlook below analyst forecasts, and shares fell in aftermarket trading. http://www.ibtimes.com/articles/20081106/bebe-1q-profit-falls-as-markdowns-hurt-margins.htm Thu, 06 Nov 2008 16:58:39 EST Department stores reported weak October same-store sales on Thursday, amid a difficult economic environment. According to a poll by Thomson Reuters, department stores overall reported same-store sales fell 11.7 percent in October, while analysts expected a 10.9 percent drop. http://www.ibtimes.com/articles/20081106/sector-snap-dept-stores-up-despite-weak-october.htm Thu, 06 Nov 2008 11:40:18 EST Discount retailer Ross Stores Inc. said Thursday that its same-store sales declined 2 percent in October, due to unseasonably warm weather in many of its markets and the ongoing pressure of a challenging economy. http://www.ibtimes.com/articles/20081106/ross-stores-october-sales-dip-2-percent.htm Thu, 06 Nov 2008 09:34:57 EST Craft and fabric retailer Jo-Ann Stores Inc. said Thursday its sales at stores open at least a year fell 1.5 percent in the third quarter, compared with a 2.4 percent increase last year. http://www.ibtimes.com/articles/20081106/jo-ann-stores-3q-same-store-sales-fall.htm Thu, 06 Nov 2008 08:25:57 EST Clothing and accessories retailer Stage Stores Inc. said Thursday that October same-store sales declined 8.4 percent. Same-store sales, or sales at stores open at least a year, is a key measure of retailer performance, because they measure growth at existing stores rather than from newly opened ones. http://www.ibtimes.com/articles/20081106/stage-stores-october-same-store-sales-decline.htm Thu, 06 Nov 2008 07:51:31 EST Wal-Mart Stores Inc., the world's largest retailer, said Thursday its low-price focus and sales of Halloween merchandise boosted October same-store sales by 2.4 percent, ahead of expectations. http://www.ibtimes.com/articles/20081106/wal-mart-october-same-store-sales-rise.htm Thu, 06 Nov 2008 08:12:59 EST More evidence is piling up that retailers' October sales--particularly from department stores--will be dismal when the retail industry reports monthly figures on Thursday, according to the latest analysts' reports. http://www.ibtimes.com/articles/20081104/more-evidence-mounts-of-weak-october-sales.htm Tue, 04 Nov 2008 18:14:53 EST CVS Caremark Corp. said Monday it would open new beauty products stores next to its pharmacies that offer quick-service spa services. CVS said its new Beauty 360 stores will employ licensed professionals trained to do mini-manicures, express facials, hand massages and make-up. http://www.ibtimes.com/articles/20081103/cvs-to-open-mini-spa-service-stores.htm Mon, 03 Nov 2008 12:19:02 EST An analyst on Monday said AnnTaylor Stores Inc. shares are undervalued and upgraded the apparel retailer to "Overweight" from "Equal-Weight." Stephens Inc. analyst Ann Poole said in a note to investors that while the company is still lacking strong traffic trends and better product, its "aggressive" restructuring program, tight control on inventory and its share repurchase program should deliver strong enough earnings to justify a better share price. http://www.ibtimes.com/articles/20081103/ahead-of-the-bell-anntaylor-upgraded.htm Mon, 03 Nov 2008 08:47:26 EST Department store shares contracted after the Federal Reserve cut a key interest rate by a half point to stimulate economic growth but still managed to keep some of their gains from earlier in the session. http://www.ibtimes.com/articles/20081029/department-stores-give-up-some-gains-on-rate-cut.htm Wed, 29 Oct 2008 14:54:14 EDT Many grocery chains facing rising costs and limited capital are testing smaller stores, which may be a more profitable format. Some of the grocers that have smaller-sized stores are: http://www.ibtimes.com/articles/20081028/grocers-with-smaller-sized-stores.htm Tue, 28 Oct 2008 12:46:26 EDT