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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (56512)	10/29/2008 10:49:27 AM
From: MulhollandDrive	Respond to of 57110

Weird doings all around. women will always buy jeans that makes their ass look good<g>....wonder if TRLG is a buy here....prolly not...i remember when retail was being touted as a 'buy' last year, anyone doing so got their head handed to them....yesterday the RLX spiked on the rally, while at the same time you are hearing stories like william-sonoma slashing sales and profit outlook today (and geez, look at JNY): marketwatch.com RETAIL STOCKS Williams-Sonoma leads a drop in retail sector By Andria Cheng, MarketWatch Last update: 10:18 a.m. EDT Oct. 29, 2008 NEW YORK (MarketWatch) - Retail shares opened lower Wednesday, led by home- furnishings retailer Williams-Sonoma Inc., which slashed its sales and profit outlook for the second half after sales slowed significantly more than it expected. $RLX 274.19, -3.40, -1.2%) fell 3.3% to 268.44, reversing part of its 14% gain on Tuesday, ahead of the Federal Reserve's expected half-point interest-rate cut to be announced Wednesday afternoon. WSM 8.58, -1.92, -18.3%) , which owns its namesake and Pottery Barn chains, forecast an unexpected third-quarter loss of 10 cents to 12 cents a share with sales of as much as $742 million. Fourth-quarter profit was forecast to be as much as 30 cents a share versus the company's previous projection of as much as 86 cents. Sales at stores open at least a year tumbled 27% thus far in October, a worsening rate from a decline of 14% in August. JNY 10.06, +0.04, +0.4%) shares fell 1.6%. The clothing company reported Wednesday that its third-quarter net income tumbled to $27.3 million, or 33 cents a share, from $400.1 million, or $3.97, a year earlier, hurt by consumers cutting back and retail customers slowing orders. In an interview, Chief Executive Wesley Card forecast a more promotional holiday season. 10:44am 10/29/2008 ODP 2.00, +0.11, +5.8%) shares fell 10%. The office-supplies retailer swung to a third-quarter loss of $6.7 million, or 2 cents a share, from profit of $117.5 million, or 43 cents, a year earlier. Sales dropped 7% to $3.7 billion. TGT 38.02, -0.49, -1.3%) shares fell 4.3% ahead of Pershing Square Capital Management's presentation on its plan to help unlock some of the value of Target's real estate, the majority of which the retailer owns. End of Story