Peerless Systems Announces Results for the Second Quarter Ended July 31, 2012
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August 16th, 2012 by InvestorPoint
August 3rd, 2012 by InvestorPoint
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June 7th, 2012 by InvestorPoint
CANTON, Mass., June 7, 2012 /PRNewswire/ – Casual Male Retail Group, Inc. (NASDAQ: “CMRG”), the largest retailer of big & tall men’s apparel and accessories, today announced that Derrick Walker has been appointed Senior Vice President and Chief Marketing Officer. Mr. Walker’s responsibilities will entail all aspects of our marketing operations and he will assume the leadership role in creating and building brand recognition for the Company’s new DestinationXL brand. Mr. Walk…continued
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June 1st, 2012 by InvestorPoint
Oxford Golf Teams Up with Old Quarry Golf Course, Curacao Tourist Board and the Hyatt Regency Hotel- Curacao to send Winners on a Dream Vacation. ATLANTA, June 1, 2012 /PRNewswire/ – Oxford Golf is excited to announce a year-long promotion partnered with the Old Quarry Golf Course, Hyatt Regency Hotel, Curacao and the Curacao Tourist Board that will send six lucky winners on a trip to Curacao for a golfer’s dream vacation. The winners will receive a prize package that includes: 2…continued
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May 31st, 2012 by InvestorPoint
Selection of items featured in GQ will be available for purchase on NordstromMen.com beginning with July issue SEATTLE, May 31, 2012 /PRNewswire/ – Nordstrom, Inc. (NYSE: JWN) and GQ announced a multimedia strategy designed to integrate GQ editorial into the Nordstrom online shopping experience. Nordstrom will host an online store and will feature ” GQ Selects,” a selection of men’s products handpicked from the pages of the magazine by the editors of GQ. Beginning with the July issue…continued
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May 30th, 2012 by InvestorPoint
ANAHEIM, Calif., May 30, 2012 (GLOBE NEWSWIRE) — Pacific Sunwear of California, Inc. (Nasdaq:PSUN), is scheduled to present at the Piper Jaffray 32 nd Annual Consumer Conference in New York on Wednesday, June 6, 2012 at 9:10 AM/EDT. Pacific Sunwear will be represented at the conference by Gary Schoenfeld, President and Chief Executive Officer. The presentation will also be available via live webcast and interested parties can access the event at the Pacific Sunwear website, www.pacsun.com in the …continued
PSUN Retail clothing shoes
May 22nd, 2012 by InvestorPoint
Ralph Lauren Corporation (NYSE: RL) today reported net income of $94 million, or $0.99 per diluted share, for the fourth quarter of Fiscal 2012, compared to net income of $73 million, or $0.74 per diluted share, for the fourth quarter of Fiscal 2011. Net income for Fiscal 2012 was $681 million, or $7.13 per diluted share, compared to net income of $568 million, or $5.75 per diluted share, for Fiscal 2011. The Company also announced that its Board of Directors declared a 100% increase in the regula…continued
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May 2nd, 2012 by InvestorPoint
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Charming Shoppes, Inc. (“Charming Shoppes” or “CHRS”) (NASDAQ: CHRS) to Ascena Retail Group, Inc. for shareholders. Under the proposed transaction, Charming Shoppes shareholders will receive only $7.35 in cash for each share of Charming Shoppes stock owned. If you are an affected investor, and you want to …continued
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April 26th, 2012 by InvestorPoint
Newly appointed leaders join industry-leading talent focused on revolutionizing the retail landscape PLANO, Texas, April 26, 2012 /PRNewswire/ – Key to its vision of becoming America’s favorite store, J. C. Penney Company, Inc. (NYSE: JCP) today announced the appointment of several acclaimed industry leaders who join the company as it redefines the jcpenney brand and revolutionizes the retail shopping experience. (Logo: http://photos.prnewswire.com/prnh/20110222/DA51975LOGO) Benjami…continued
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April 10th, 2012 by InvestorPoint
PITTSBURGH, April 10, 2012 /PRNewswire/ – Innovative Designs Inc. (IVDN.OB) Former NHL player, Rick Tocchet, has come onboard as a spokesperson/consultant for the Arctic Armor line and the new Innovative Designs Insultex House Wrap. Mr. Tocchet played 18 years in the NHL, highlighted by winning a Stanley Cup with the Pittsburgh Penguins in 1992. He scored over 400 goals in his career with 6 different NHL teams. After his playing career, he went on to become an assistant coach with the Color…continued
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April 6th, 2012 by InvestorPoint
CITY OF COMMERCE, Calif., April 6, 2012 /PRNewswire/ — The 99 Cents Only Stores is partnering with the American Red Cross L.A. Region’s PrepareLA campaign by promoting to the broader LA community the many affordable disaster items needed for emergency preparedness kits carried regularly in 99 Cents Only Stores. In the wake of recent natural disasters, the 99 Cents Only Stores and the American Red Cross are urging the Los Angeles community to be prepared for emergency situations. Build…continued
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March 4th, 2009 by InvestorPoint
U.S. markets comeback fizzles
U.S. markets headed lower Tuesday afternoon as a brief early rally faded amidst general economic distress.
Falling 299 points Monday, the Dow Jones industrial average closed the previous session at its lowest point in 12 years. Pessimism continued to drive stocks to losses in an erratic session as investors struggle with the reality that the US economy is far from recovery.
Federal Reserve Chairman Bernake tells Congress that the recovery depends on the government’s ability to stabilize our financial markets.
By close, the DJIA lost 37.27 points or 0.55 percent to 6,726.02. The Standard & Poor’s 500 fell 4.49 or 0.71 percent to 696.33 closing below 700 for the first time since late 1996. The Nasdaq 100 composite index dropped 1.84 or 0.14 percent to 1,321.01. The Russell 2000 index of smaller companies fell 6.79, or 1.9 percent, to 361.01.
Advancers were outweighed by decliners on the New York Stock Exchange, 1,003 stocks advanced and 2,109 declined on a volume of 7.2 billion shares traded.
The benchmark 10-year U.S. Treasury bond fell 8/32 to yield 2.894 percent.
The euro fell to $1.2562, compared to Monday’s $1.2576. Against the Japanese yen, the dollar rose to 98.24 yen, compared to Monday’s 97.43 yen.
In Tokyo, the Nikkei average lost 50.43 points to 7,229.72, down 0.69 percent.
In London, the FTSE 100 index dropped 3.14 percent, 113.74 points, to 3,512.09.
The following stocks were the Market Movers who led the Advances and Declines today.
Advancers
AutoZone Inc (AZO) shares hit a 52 week high and closed up 7.8% after the company posted a 9% growth in profits on higher sales as more people repair their cars instead of purchasing new ones. For the quarter the company reported a profit of $115.9 million or $2.03 a share up from $106.7 million or $1.67 per share a year earlier. Same store sales were up over 6%.
Autozone is a retailer and distributor of automotive parts and accessories.
Chico’s FAS (CHS) shares rose 3.2% despite the fact the company reported losses of $40.5 million or 23 cents per share up from a loss of $20.5 million or 12 cents per share. Revenues dropped to $373.4 million from $409.3 million.
Chico’s is a retailer of casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico’s, White House | Black Market and Soma by Chico’s brand names.
Decliners
Par Pharmaceutical (PRX) shares plunged over 19% after the company reported a quarterly loss of $30.5 million or 91 cents per share versus a profit of $5.5 million of 16 cents per share. Revenues rose 4 percent to $161.3 from $155.1 million.
Par Pharmaceutical through its subsidiary is in the business of developing, manufacturing and distributing generic and branded drugs in the United States.
MBIA (MBI) shares closed down almost even after dropping almost 9% in intraday trading after the company reported a loss of $1.2 billion or $5.30 per share an improvement over the $2.3 billion or $18.5 a share for the same quarter a year earlier. The company reported a $1.7 billion loss on insured derivatives.
MBIA is engaged in providing financial guarantee insurance, as well as related reinsurance, advisory and portfolio services; and investment management services, including advisory services, asset/liability products and conduits on a global basis