ThinkstockBarnes & Noble Inc. (NYSE: BKS) CEO Mitchell Klipper said he would close over a third of the book store firm’s locations. The company has been crushed by online firm Amazon.com Inc. (NASDAQ:…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Monday. AK Steel Holding Corp. (NYSE: AKS) cut to Sell at Goldman Sachs.…
courtesy Best Buy Co. Inc.Dell Inc. (NASDAQ: DELL) and Best Buy Co. Inc. (NYSE: BBY) are each in trouble as the business environments they helped to create become passe and investors wonder…
Wikimedia CommonsOnce exempt from most state and local sales taxes, Amazon.com Inc. (NASDAQ: AMZN) now collects the taxes in at least nine states, including New York, Texas, California, and Massachusetts. Some early…
ThinkstockConsumer electronics retailer hhgregg inc. (NYSE: HGG) announced preliminary results for its fiscal third quarter this morning, and the results were not pretty. The company expects quarterly sales to be down 3.6%…
U.S. equity markets opened slightly lower this morning as data from Europe and Asia combined with a larger than expected U.S. trade deficit to pour cool, if not cold, water on the…
courtesy Best Buy Co. Inc.Electronics retailer Best Buy Co. Inc. (NYSE: BBY) announced this morning that total sales for the nine weeks of the 2012 holiday season declined 0.4% while same-store sales…
Paul Ausick ThinkstockAmerican Express Co. (NYSE: AXP) announced it will lay off 5,400 people, due in part to a slowdown in its travel business. The firm will take a fourth-quarter charge. As far as…
ThinkstockTarget Corp. (NYSE: TGT) is taking its price matching a step further. Rather than just price matching during the holidays, Target will honor this year round. Target identified its list of competitors…
By Steve Jurvetson CC-BY-2.0, via Wikimedia CommonsResearch firm comScore reports that e-commerce sales for the November-December holiday season rose only 14% to $42.3 billion. That growth was weak, and the number modest…
ThinkstockRetailers do not appear to be headed for uniformly upbeat sales increases in December. Research firm Retail Metrics has dropped its forecast for a same-store sales increase by another 10 basis points…
courtesy Best Buy Co. Inc.Some of the news about holiday sales at deeply troubled retailers Best Buy Co. Inc. (NYSE: BBY) and J.C. Penney Co. Inc. (NYSE: JCP) has been better than…
ThinkstockAs a larger and larger portion of retail sales in the U.S. move online, customer service has become essential to e-commerce businesses that want to attract shoppers and keep them. E-commerce also has…
ThinkstockMasterCard Inc. (NYSE: MA) advisors SpendingPulse reports that improvement in holiday sales this year have been the lowest since the start of the recession in 2008. If the information is correct, it probably…
courtesy of Wal-Mart Stores Inc.What happened to bricks-and-mortar and e-commerce sales this holiday season? If Wall St.’s opinion has validity, online operations did well and old-school stores did not. The price of Wal-Mart…
