Retailers report sluggish April sales across sectors
New York AP reports April retail figures show weak consumer demand despite Easter, with department stores underperforming while discounters show mixed results. Wal Mart and Kohl’s posted lower or mixed same store gains and Gap Inc. posted a strong surge, boosting its earnings outlook. Analysts caution the trend remains soft, with a cautious view on spring sales momentum.
MENTIONED IN THIS ARTICLE
New York
Iraq
Wal-Mart
Kohl's Corp
Gap Inc
Todd Slater
Lazard Freres
Michael P. Niemira
Bank of Tokyo- Mitsubishi Ltd
Bank of Tokyo
Mitsubishi
Stocks slide on weak sales and earnings outlook
Stocks fell for a second session as sluggish retail sales and Kohl’s profit warning weighed on the market. The Dow dropped 69.41 points to 8491.22 while the Nasdaq slipped 17.07 to 1489.69 and the S&P 500 declined 9.33 to 920.27. Kohl’s tumbled to 53.25 after April same store sales fell 4.1 percent and earnings guidance was cut.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Kohl's
Soxfar
Joseph V Battipaglia
Ryan Beck & Co
Standard & Poor
Peter Cardillo
Global Partner Securities Inc
War game makes man millions
Robert Scott, starting as a 20-year-old hobbyist, built Twisted Paintball into a nationwide maker of markers, accessories, safety gear, and apparel. The firm, co led by Bob Harmon, posted $700,000 in gross sales last year with forecasted revenue of $2 to $3 million this year. Scott, 25, left school early, married at 18, and now runs a self made business using domestic and overseas manufacturing to keep costs down. He develops new ideas via dream inspired notes, trips to tournaments, consumer research, and self taught CAD driven machining.
MENTIONED IN THIS ARTICLE
Robert Scott
Scott
Twisted Paintball Products
Twisted Paintball
Bob Harmon
Sonic the Hedgehog
Sega
David Kushner
Sega merger talks collapse amid management disputes
Sega Corp hariés on debt and fallen fortunes as a February merger with Sammy Corp collapsed over control. Namco Hometek and perhaps Microsoft eye Sega, which once dominated with Sonic and Dreamcast but now posts a 72 percent drop in profit and half last year’s revenue.
MENTIONED IN THIS ARTICLE
United States
Sega
Sammy
Namco Hometek Inc
Microsoft Corp
Sony
Nintendo
Microsoft
Electronic Arts
Also Mentioned on This Page
Todd
Niemira
Kohl’s
Thomson First Call
Dow Jones/AP
Bank of England
ECB
Wim Duisenberg
Modesto Bee
The
Washington Post
Sega Corp
Sammy Corp
Japan
Samay
Los Angeles
Douglas Lowenstein
Interactive Digital Software Association
Michael Pachter
Wedbush Morgan Securities Inc
Shelley Oshawa
IDC
Chronicle On Time
Exreph
Cuyahoga County
Gil
Beast
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