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…
Costco (NASDAQ: COST) same-store sales rose 7% for the important five week holiday period. The movement was, however, a slowing from the balance of the quarter which rose 9%. Costco is one…
Douglas A. McIntyre What Eddie Lampert put together in 2005 could be broken into pieces again, and that might be the only realistic way to “fix” Sears Holdings (NASDAQ: SHLD). Lampert engineered a merger of…
Bain & Company topped the 2012 version of the “Glassdoor Top 50 Places To Work.” McKinsey, MITRE, and Shalom Consulting were all among the top 10. Tech leaders were also near the…
Stocks opened lower this morning and trailed mostly lower throughout the day. Today’s wholesale inventory reported showed a gain of 1.6% and the initial jobless claims were substantially lower than expectations of…
Costco (NASDAQ: COST), arguably the most successful of the big box retailers, posted impressive same-store sales for the latest quarter. The company also tood a charge. Net sales for the quarter increased…
Douglas A. McIntyre Most of America’s largest companies are also among its oldest companies. In fact, many of the Fortune 100 firms are more than a century old. Almost none were founded in the past…
Retailers are reporting November sales this morning and the results are decidely mixed. The best report we’ve seen so far this morning is from Limited Brands, Inc. (NYSE: LTD) and the worst…
Early reports on November same-store sales indicate that shoppers have been more than willing to part with their money. Limited Brands Inc. (NYSE: LTD), Costco Wholesale Corp. (NASDAQ: COST), Stage Stores Inc.…
Paul Ausick The Monday following this year’s Thanksgiving, also known as Cyber Monday, was the highest-grossing online shopping day in U.S. history. According to research firm comScore, spending reached $1.25 billion, an increase of…
An unexpected gain in October retail sales has boosted prospects for a better-than-forecast holiday retail sales season. Some of the sales gains will come from lower pricing, which can’t always be counted…
