Staples shares fell after the retailer reported mixed fourth quarter results. The office supply chain beat earnings estimates by a penny, but missed on revenue. Sales were hurt by a stronger dollar and decreasing demand for computers and computer accessories. The company also saying sales for the current quarter would fail to match those from the same quarter last year. Shares were off almost three percent to $16.05.
Investors cheered Foot Locker’s results. The athletic apparel retailer easily beat on the top and bottom lines and its same store sales surged by ten percent. That’s all thanks to strong holiday numbers. The stock was four percent higher to close at $59.37
Big Lots also beating earnings and revenue estimates. Higher traffic helped bolster those results. Its guidance, however, came in below Wall Street’s forecasts for the current quarter and the full year. The stock was 1.5 percent higher to $48.52.
Life Time Fitness
The gym operator Life Time Fitness is in advanced talks with private-equity bidders, according to the Wall Street Journal. The bidding, which is expected to close next week is down to two firms. Shares surged, up 15 percent to $66.32.