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Don't Wear White Tank Tops After Labor DayWarmer weather causes Big Retail to lower profit forecastsPosted at 4:20 PM on 11 Oct 2007A dozen leading U.S. retailers are reducing profit forecasts and blaming warmer weather for contributing to slumping sales. Retailers plagued by lower-than-expected September earnings included Nordstrom, Target, American Eagle Outfitters, Limited Brands, and JCPenney, all of which have had trouble moving autumn and winter clothing. Our suggestion: prove those reduced-profit predictions right by buying your winter shorts at that cute local place down the street.sources: Financial Times, Dow Jones Newswires |
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