Newspaper article Charleston Gazette Mail

Markets

Newspaper article Charleston Gazette Mail

Markets

Article excerpt

Today Abercrombie & Fitch The teen fashion retailer plunged 33 percent in the wake of its first-quarter loss, and despite a partial recovery since then its still not made up all the lost ground. The company warned the second quarter would remain challenging but said it expected an improvement in the second half of the year. Has it managed to turn things around? Find out Tuesday when Abercrombie & Fitch reports its earnings for the second quarter.

Eye on consumers American consumers have been feeling confident about current economic conditions but more wary about the future. Consumer confidence was essentially unchanged in July, with business group The Conference Boards monthly reading at 97.3, compared to 97.4 in June. The index includes consumers assessment of the economy now and what they expect over the next six months. The surveys results for August are published on Tuesday.

Best foot forward Footwear retailer DSW has more than recovered from the stock market thrashing it took after it cut its full-year guidance in May, citing softer sales....in a challenging retail environment. The Columbus, Ohio-based shoe store chains chief financial officer left the company shortly afterward, and its shares are up about 35 percent since May 24. DSW reports second quarter earnings on Tuesday.

Divident downdraft The dividend gravy train is slowing in the U.S., but its chugging along overseas. Continued profit drops for U.S. companies are putting the brakes on payouts sent to shareholders. U.S. dividends rose 3.1 percent last quarter to $101.7 billion, according to Henderson Global Investors, which looks each quarter at the worlds largest 1,200 companies. After stripping out special, one-time dividends and other items, Henderson says U.S. dividend growth was a little better at 4.6 percent, but thats still the slowest rate since 2013. …

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