Men's Wearhouse (MW - Get Report) said Wednesday it was exploring the sale of its K&G operations, which sells clothing for men, women and children. Men's Wearhouse hired Jefferies & Co. to evaluate strategic alternatives for K&G. Meanwhile, Men's Wearhouse posted a wider-than-expected fourth-quarter loss as sales weakened.
Doughnut shop Krispy Kreme (KKD - Get Report) is expected by analysts to report fourth-quarter earnings of 12 cents a share on revenue of $115.9 million.
Molycorp (MCP - Get Report), the rare-earth minerals company, is seen posting a quarterly loss of 31 cents a share on revenue of $166 million. 5 Stocks Rising on Unusual Volume
E-Trade Financial (ETFC) said Wednesday that its biggest shareholder, Citadel Equity Fund Ltd., plans to sell its entire position of 27.4 million shares in the company. Citadel owns a 9.6% stake in E-Trade.
Vera Bradley (VRA) forecast on Wednesday first-quarter earnings of 20 cents to 22 cents a share on sales of $120 million to $122 million. Analysts are calling for profit of 35 cents a share on sales of almost $132 million from the women's accessories company.
-- Written by Joseph Woelfel
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