New York & Co Inc posted a first-quarter loss and a 15 percent drop in same-store sales, and said it expects a similar trend in the second quarter, sending the women's-apparel chain's shares down 23 percent.
The head of mall owner Taubman Centers Inc on Tuesday 19 May said he was not backing away from his company's identity as a luxury mall owner and operator, despite the hard knocks upscale retail sales have taken.
AnnTaylor Stores Corp reported a smaller-than-expected quarterly loss on Wednesday 20 May as tight inventory management and cost-cutting improved margins, but it gave a cautious forecast, helping to send its shares down 2.9 percent.
Tween Brands Inc reported a narrower-than-expected first-quarter loss, aided by a tight control of expenses and inventory levels, and said it was on track to "comfortably satisfy" its credit facility covenants.
Citi Trends Inc posted first-quarter profit and revenue above analysts estimates, helped by reduced freight costs and lower markdowns due to tight inventory control, and raised its fiscal 2009 outlook.