Tiffany & Co. (NYSE: TIF) is widely thought of as the king of high-end jewelry. While many local high-end jewelry stores compete with Tiffany in local markets, it is hard to imagine…
Jon C. Ogg Tesco (NASDAQ: TESO), the largest retailer in the UK, said it would add 20,000 jobs between now and 2014. It is the largest employer in the UK, with 270,000 workers. The move…
Retailers have been posting same-store sales figures for February this morning, and most are posting better-than-expected numbers — in some cases, much better than expected. We have reports from 15 companies: Costco…
Costco (NASDAQ: COST) issued extraordinarily strong February sales numbers along with its earnings for the period that ended February 12. Revenue for the quarter rose from $20.9 billion last year to $23…
Stocks started the day nearly flat before turning down on a poor report on US durable goods orders (more coverage here) and a slide in the Case-Shiller home price index (more coverage…
Jon OggThese are some of this Tuesday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Apollo Group Inc. (NASDAQ: APOL) Raised to Overweight at Barclays. Charter Communications (NASDAQ:…
Investors did not think much of Walmart’s fiscal fourth quarter and full years earning. Walmart’s stock fell 4% immediately after its announcement. The one exception is that US sales, which have been troubled for years,…
Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) and Warren Buffett have just released the latest holdings of U.S.-listed equities as of December 30, 2011. These public stock holdings have been broken down into…
A new survey by Consumer Reports rated both in-store and online shopping. The poll covered responses from over 26,000 people Costco (NASDAQ: COST) ranked first, not surprising because of the reputation of…
Bricks-and-mortar stores have been concerned for some time that their shoppers would come to their stores, find products, and then go online to get the best prices. Store, in essence, has started…
The press has been invited to an event at which new JP Penney (NYSE: JCP) CEO Ron Johnson will talk about what the company says is his exciting new strategy. What the invitation does…
US markets opened up slightly this morning and have maintained a slight positive tone for most of the day. Today marks the unofficial beginning of another earnings season, with Alcoa kicking things…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Monday morning. Akamai Technologies, Inc. (NASDAQ: AKAM) Cut to Sell from…
US retailers are reporting December same-store sales today, and here’s a wrap-up of the results as of about 10 a.m. this morning. Reports were in from Costco Wholesale Corp. (NASDAQ: COST), Target…
Big box retailer Target Corp. (NYSE: TGT) posted a same-store sales gain of 1.6% for December, well short of the consensus estimate of 3.1%. This compares with a 7% same-store sales gain…
