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clothing retail posts

Solid Q3 earnings could push JoS. A. Bank through long-term resistance

Posted Dec 2nd 2009 12:40PM by Mark Fightmaster (RSS feed)
Filed under: Earnings Reports

Some people (mainly ZZ Top and corporate bigwigs) will tell you dressing well is key. Let's add JoS. A. Bank Clothiers (JOSB) to that list, as the men's fine clothing provider announced that its third-quarter profit increased by 26%.

The company raked in 63 cents per share compared to 50 cents per share a year ago. Moreover, these results handily topped the consensus estimate for 55 cents per share. Sales increased to $161.3 million from $149.3 million a year ago, besting the consensus estimate for $160.2 million.

Continue reading Solid Q3 earnings could push JoS. A. Bank through long-term resistance

Same-store sales plummet at Abercrombie & Fitch

Posted Sep 3rd 2009 10:30AM by Mark Fightmaster (RSS feed)
Filed under: Before the Bell, Bad News, Abercrombie and Fitch (ANF)

Abercrombie & Fitch (NYSE: ANF) announced on Thursday that its same-store sales plummeted 29% in August. These results were worse than the expected drop of 23.9%.

Sales in all of its divisions were worse than expected, with sales at the Abercrombie & Fitch flagship store plunging 26%. Sales dropped 32% at Hollister, 37% at Ruehl (which will close at the year's end), and 26% at the company's children's retail outlet.

Continue reading Same-store sales plummet at Abercrombie & Fitch