Retailers face sluggish April sales across major chains
National retailers report weak April performance as cooler weather dampens spring wear. Wal-Mart and Kohl’s posted lower than expected same store sales, while Gap Inc. bucked the trend with a strong surge. Easter timing cited as a partial factor. Target posted a modest gain, Sears, J.C. Penney and Abercrombie saw declines.
MENTIONED IN THIS ARTICLE
New York
Wal-Mart
Kohl's Corp
Gap Inc
Michael Niemira
Bank of Tokyo Mitsubishi Ltd
Bank of Tokyo Mitsubishi
Lawrence
Sears, Roebuck and Co
J.C. Penney Co
Abercrombie & Fitch
Target Corp
Cerritos
Calif
Wal-Mart Stores Inc
Westar to release special investigation report May 15
Westar Energy Inc reports its board will publicly release a special board committee report at 9 a.m. on May 15. Spokeswoman Gina Penzig says publication methods are undecided and the report is under final proofreading. The investigation covers matters being reviewed by the U.S. Attorney for Kansas and the Securities and Exchange Commission.
MENTIONED IN THIS ARTICLE
Westar Energy Inc
Gina Penzig
Penzig
U.S. Attorney's Office For
Kansas
Securities and Exchange Commission
Esrey to resign as Sprint chair next week
Sprint Corp chairman William Esrey is expected to resign next week and cede the post to newly named chief executive Gary Forsee, according to people familiar with the matter. Esrey, 63, joined Sprint in 1980 and was CEO from 1985 until Forsee's March succession, after the board ousted him and Ronald LeMay last year over use of personal tax shelters and disputes with auditor Ernst & Young.
MENTIONED IN THIS ARTICLE
Sprint Corp
William Esrey
Gary Farsee
Wall Street Journal
Esrey
Sprint
Forsee
Ronald LeMay
Ernst & Young
Payless Lowers Outlook After Weak April Sales
Payless ShoeSource Inc. lowered its first quarter guidance after April sales fell due to bad weather and a weak retail market. The Topeka based retailer now expects earnings of 20 to 22 cents a share for the quarter.
MENTIONED IN THIS ARTICLE
Payless ShoeSource Inc
SARS dampens China business travel and trade shows
Addison Illinois businessman says SARS will halt frequent China trips as fears rise. U S carriers report weaker Asia bookings while firms slow product development and sales office openings. HOFEX 2003 trade show postponed. WHO reports 6,903 cases globally with 495 deaths. Zhejiang China cases rise. travel advisories adjusted.
MENTIONED IN THIS ARTICLE
Chicago
Leslie Plass
China
Asia
Addison
Ill
Plass
Tradeco International Corp
U.S
United Airlines
Northwest Airlines
Motorola
Beijing
McDonald's Corp
Goodrich Corp
Eastman Kodak Co
Glenn Davis
Tablecraft Products Co
Gurnee
United States
HOFEX
Hong Kong
Daniel Cheung
Hong Kong Exhibition Services Ltd
Lancet
World Health Organization
WHO
Toronto
Vietnam
Singapore
Sunflower Broadband backs choice in channel selection plan
Sunflower Broadband officials support a new effort by major cable executives to let subscribers drop expensive networks like ESPN from basic service to control rising bills. General manager Patrick Knorr notes contracts require offering channels to 90 percent of subscribers, while ESPN fees climb about 20 percent yearly. Senate testimony from industry leaders cited a 50 percent bill rise since 1996.
MENTIONED IN THIS ARTICLE
Lawrence
Sunflower Broadband
Patrick Knorr
ESPN
MTV
Sunflower
Knorr
Senate
Commerce, Science and Transportation Committee
Charles Dolan
Cablevision Systems Corp
New York
the World Company
The
Journal-World
New jobless benefit claims fall but stay high
Washington reports a drop of 28,000 in seasonally adjusted weekly unemployment benefits to 425,000 for the week ended Saturday, keeping claims above 400,000 and signaling a stubbornly weak job market as the four week moving average reaches 446,000. The jobless rate rose to 6 percent in April with continued payroll cuts, marking a half million jobs lost over three months.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Also Mentioned on This Page
Westar
Topeka
By Chad Lawhorn
Chad Lawham
Associated Press
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