Tue Aug 18 15:14:00 -0400 2009

Bloomberg.com (New York)

- Home Depot Inc., Target Corp. and Saks Inc., reported second-quarter results that topped analysts’ estimates after reducing operating expenses, sending the stocks higher in New York trading.

“A lot of the companies are still managing expenses very well, whether its product costs, marketing, labor or real estate,” Tom Chin, director of analytics for Telsey Advisory Group in New York, said in a Bloomberg Television interview. “But it’s still a very challenging time for the consumer and we don’t see that changing anytime soon.”

To view the full article, download the PDF here: Bloomberg, August 18, 2009