RobertB
October 11th, 2007, 01:20 PM
Retailers report slow September sales
By ANNE D'INNOCENZIO, AP Business Writer 58 minutes ago
NEW YORK - Several of the nation's largest retailers cut their earnings forecasts Thursday after lingering summer weather and an uncertain economy kept consumers from shopping last month and left the big merchants with disappointing sales.
As the store owners reported September sales figures Thursday, the biggest losers were apparel sellers including Limited Brands Inc. and Gap Inc. Target Corp., J.C. Penney Co., Limited Brands Inc. and Nordstrom Inc. were among those lowering their earnings outlooks.
Wal-Mart Stores Inc. posted a modest sales gain that was slightly below analysts' expectations, but raised its third-quarter profit outlook because of cost-cutting.
http://news.yahoo.com/s/ap/20071011/ap_on_bi_ge/retail_sales;_ylt=AlrbxdpmlhxmLl0.mq3vAxas0NUE
By ANNE D'INNOCENZIO, AP Business Writer 58 minutes ago
NEW YORK - Several of the nation's largest retailers cut their earnings forecasts Thursday after lingering summer weather and an uncertain economy kept consumers from shopping last month and left the big merchants with disappointing sales.
As the store owners reported September sales figures Thursday, the biggest losers were apparel sellers including Limited Brands Inc. and Gap Inc. Target Corp., J.C. Penney Co., Limited Brands Inc. and Nordstrom Inc. were among those lowering their earnings outlooks.
Wal-Mart Stores Inc. posted a modest sales gain that was slightly below analysts' expectations, but raised its third-quarter profit outlook because of cost-cutting.
http://news.yahoo.com/s/ap/20071011/ap_on_bi_ge/retail_sales;_ylt=AlrbxdpmlhxmLl0.mq3vAxas0NUE