Turnaround on Hold at SUPERVALU… Buyout As Well?
SUPERVALU Inc. (NYSE: SVU) had recently been the beneficiary of some buyout rumors. It seemed unlikely with its balance sheet and losses, but the rumor mill often is full of all sorts of rumors…
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Newest first · Page 203Chuy’s Sets IPO Terms
Another food chain is coming public. The parent company of the Mexican Food restaurant chain of Chuy’s has now set its terms for an initial public offering of 5.833 million shares in a price…
Consumer Credit On The Rise
Consumer credit is still on the rise. Is it due to the public borrowing for summer vacations, or is it something else? The latest report from the Federal Reserve shows that credit rose during…
Nokia Goes After Pre-Kindergarten Market
Shares of Nokia Corp. (NYSE: NOK) hit a new 52-week low of $2.00 last Thursday and have continued to slide since then. Shares are down -8% just before noon this morning, even after the…
US Bootmaker Acquired by Japanese Retailer
LaCrosse Footwear Inc. (NASDAQ: BOOT), a maker of work and outdoor boots, has agreed to be acquired by Japan’s ABC-MART Inc. in an all-cash deal worth $20/share, or about $138 million. The price represents…
Retail Spending Meets Low Expectations
Retail sales growth in June were expected to be weak compared with sales a year ago, and the predictions came true. Sales growth last June was a tough comparison because sales in 2011 were…
Cost Plus Shareholders Tender Shares in Takeover
Retailer Bed, Bath & Beyond Inc. (NASDAQ: BBBY) announced this morning that its tender offer of $22/share for Cost Plus Inc. (NASDAQ: CPWM), which expired last night, garnered approximately 92% of the outstanding shares…
Cosmetics Maker Coty Files for IPO
Barely six weeks after an unsuccessful offer of $24.75/share for Avon Products Inc. (NYSE: AVP), Coty Inc. has filed a Form S-3 with the SEC today, revealing its plans for an IPO to raise…
Discount Retailer’s Results are Good, But Not Good Enough (FDO, DG, DLTR, WMT, TGT, COST, SHLD)
Discount retailer Family Dollar Stores Inc. (NYSE: FDO) reported results for its third fiscal quarter this morning that were pretty much in line with expectations. EPS came in at $1.06 compared with a consensus…
Surprise Gains in May Durable Goods
Durable Goods in the Month of May managed to somehow come in with upside data at a time when most economic numbers are contracting or offering downside surprises May’s report grew by 1.1% on…
US Flash PMI Lower in June
The flash US purchasing managers index (PMI) for June has dropped from 54 in May to 52.9. The reading comes from research firm Markit Economics Ltd. According to Markit, this is the lowest reading…
The Death of Growth at Bed Bath & Beyond
Bed Bath & Beyond Inc. (NASDAQ: BBBY) always beats earnings and seems to please Wall Street investors as Main Street consumers keep flocking to its stores. Perhaps there is a gap in the historic…
P&G Outlook: Deeper Trouble for CEO Bob McDonald
Many Procter & Gamble (NYSE: PG) investors do not like CEO Bob McDonald. His strategy to pull the large consumer goods company out of its sales funk have not worked. Shares of the firm have traded down slightly over…
J.C. Penney Loses President in Turnaround, Aleady!
J. C. Penney Company, Inc. (NYSE: JCP) is not going well in this inspirational turnaround. CEO Ron Johnson, the former Apple Inc. (NASDAQ: AAPL) retail guru, is heading this turnaround and the strategy seems…
Sentiment Sinks Worse Than All Economists Predicted, Worst Reading of 2012
We already saw some weak manufacturing data from the New York Fed’s Empire Manufacturing data, but now we have a broader reading on the U.S. as a whole via consumer sentiment from the Reuters/University…