The retailer was trading close to its 52-week low even before Wednesday's disappointing quarterly report when earnings grew by less than 2 percent to $232.8 million, despite seeing net sales climb 15 percent to top $2.7 billion.
Here's some counter-intuitive news: People are buying more home products to fill their smaller abodes. Home furnishings store sales are expected to rise in April, May and June to $23.2 billion, up nearly 8% from a year ago.
Gift-buying trends revealed at the New York International Gift Fair showed that consumers are still focused on value, but less leery of spending. Signs of the brighter mood were everywhere, from the color palettes to the growth in personal pampering products.
