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BUSINESS BRIEFS.(TO THE POINT)
RETAIL/CONSUMER
Slowing sales hit teen clothiers
Newly public Aeropostale plunged 58% after slashing views for the rest of the year because of sparse mall traffic and bad fashion timing. The news hit a wide swath of clothing retailers, long considered recession-proof: Wilsons Leather lost 13% and Wet Seal and Urban Outfitters both lost 10%. The Retail-Apparel group was the big loser Tuesday, shedding 3.8%.
Wal-Mart plans expansion for '03
The world's No. 1 retailer plans to add about 8% more selling space next year. Wal-Mart Stores will also open 45-55 discount stores and 200-210 Supercenters. About 140 of the latter will come from relocations or expansions of existing discount stores. But consumer confidence has been waning.Wal-Mart on Monday pared back its Sept. sales growth outlook.
** Warnaco plans to emerge from bankruptcy in early '03 and is in the hunt for a new CEO and board members. The lingerie maker filed for Chapter 11 in June.
** Saks is folding the home office operations of its Younkers unit into its Carson Pirie Scott headquarters to cut ...
- Ford, GM losing ground in auto race.
- Newspaper article from: Chicago Tribune (Chicago, IL) June 24, 2005 700+ words
...winner either. "Neither GM nor Ford is in a great position...in a research note after Ford's announcement. One reason is that GM will roll out new full...profit. For 2006 he expects GM to match Ford in earning 96 cents per...
- GM, Ford bonds are driven to junk yard.
- Newspaper article from: Chicago Tribune (Chicago, IL) May 6, 2005 700+ words
...promise to make it more costly for GM and Ford to raise money. Because lower ratings...to freshen its product line. Like GM, Ford has "suffered from the aging of...the large cash positions of GM and Ford. GM has about $40 billion and Ford about...
- Ford, GM shed more baggage: Cutting rental fleets hurts sales, but it may help...
- Newspaper article from: Chicago Tribune (Chicago, IL) February 2, 2007 700+ words
...competitive market," he said. GM and Ford said they would make deeper...Chrysler's were up slightly. GM and Ford said they expect business to...Lindland said, adding that GM has more competitive products than Ford with new models such as the...
- GM Advances Position Over Ford With Recent Zero-percent Financing Initiatives.
- Press release article from: Business Wire July 30, 2002 700+ words
...s analysis further suggests that Ford and GM have the opportunity to intelligently...Commenting on consumer response to Ford and GM incentives, Compete's Automotive...in July, helping GM pull ahead of Ford (GM captured 16.2% share of mid...
- Ford, GM need to account for past.
- Newspaper article from: Knight Ridder/Tribune News Service Levin, Doron December 4, 1998 700+ words
...remember that word, retrospect _ Ford, GM and the rest of the world were in...and decisive. Through the 1980s, Ford, GM and many other corporations did business...companies to rethink their positions, Ford, GM and most others pulled out. That...
- Market View: GM, Ford: Oddballs Of The Indices.
- Newspaper article from: High Yield Report O'Leary, Christopher May 16, 2005 700+ words
...downgrade of General Motors Corp. (GM) and Ford Motor Company to junk status, sending...made by major hedge funds. Because Ford and GM are such high-volume bond issuers...these positions? What will the Ford/GM transition be like?) means a need...
- Restructuring eyed in Ford, GM reports next week.
- News wire article from: The America's Intelligence Wire January 18, 2006 700+ words
...Michael Ward, analyst at Soleil Securities. "GM and Ford are both chasing the ball downhill. They...their brands," he said. More losses from GM Unlike at Ford, analysts don't expect profits from GM's lending side to make up for fourth...
- GM slashes pay to job agencies by 7 percent, matching Ford.(Knight Ridder...
- Newspaper article from: Knight Ridder/Tribune News Service McCracken, Jeffrey November 27, 2001 700+ words
...others will cut jobs or benefits. GM, like Ford before it, is leaving it up to...purchasing, Russell Brewster. Neither GM nor Ford would say how much the cuts would...jobs at Ford or Visteon. Unlike Ford, GM oversees management of its contract...
- GM slashes pay to job agencies by 7 percent, matching Ford.
- News wire article from: Detroit Free Press (Detroit, MI) November 27, 2001 700+ words
...others will cut jobs or benefits. GM, like Ford before it, is leaving it up to...purchasing, Russell Brewster. Neither GM nor Ford would say how much the cuts would...jobs at Ford or Visteon. Unlike Ford, GM oversees management of its contract...
- Los Angeles Auto Show Spotlights Ford, GM Battle for Passenger Car Sales.
- News wire article from: Sacramento Bee (Sacramento, CA) December 30, 2003 700+ words
...vehicles but on passenger cars. GM and Ford say they are committed to regaining...or small SUV. Collins said both Ford and GM have streamlined operations and...new is the aggressive plans that GM and Ford have announced. Just this month...
