Video games retailer GameStop has been virtually flat over the past year, but the specialty retailer could see a bounce in sales based on the launch of Nintendo's 3DS, which happened over the weekend.Imaging company Eastman Kodak was flat at $4.05 in premarket trading following news of a positive development in the company's patent dispute with Apple and Research In Motion.
Homebuilder KB Home is expected to release its quarterly results soon but has been putting the market off on a specific date.
Liz Claiborne, a maker and seller of clothes, said it expects a loss of $11 million to $17 million in adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in the first quarter.
Apparel company Phillips-Van Heusen is expected to post fourth-quarter earnings of 82 cents a share after the markets close on Monday.
Citigroup was trading sideways at $4.48 as Bloomberg reported that the financial firm's Japanese investment banking and consumer finance unit reported a loss for the third year in a row in 2010, weighed down by a decline in underwriting fees and brokerage commissions.
Asset manager Walter Investment Management was falling 1.8% to $18.94 after saying it will buy home loaner GTCS Holdings (Green Tree) for about $1.07 billion.
Apparel retailers such as Aeropostale, Wal-Mart and American Eagle Outfitters, who were expecting take a hit from rising cotton costs, may have been offered some relief. A Bloomberg survey of analysts reveals that cotton prices will fall 51% to $1 a pound by the end of the year due to record crops and the replenishing of stockpiles for the first time since 2007.
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