Dive Summary:
- Analysts will be keeping a close eye on sales reports from major companies are released, hoping to identify trends in the current economy.
- Several companies are scheduled to release first quarter sales results including Ralph Lauren, Sears, Kmart, Gap, Abercrombie & Fitch and several others.
- Economists are expecting a loss of 5 cents be share for Abercrombie, part of the public backlash toward the company after controversial comments made by CEO Mike Jefferies became widely publicized.
From the article:
Sears Holdings Corp is scheduled to release financial results for the company's first quarter after the market closes Thursday with analysts expecting a loss of $3 per share for the fiscal year. Investors will wait and see how the company, which operates Kmart and Sears, offers some insight into how the spring selling season fared.
