In 2010, U.S. firms hired an estimated 627,000 temporary workers to help meet demand for customer service, package handling and warehousing. Of that total, about 495,000 were hired in retail stores. Last…
According to today’s report from the U.S. Census Bureau, retail and food services sales in August rose 0.9% month-over-month and 4.7% compared with August 2011. Economists had been expecting an increase of…
Samsung beats Apple Inc. (NASDAQ: AAPL) in an intellectual property case in Japan. (Reuters) The CEOs of Apple and Google Inc. (NASDAQ: GOOG) meet to discuss patent issues. (Reuters) J.P. Morgan Chase…
Several retailers are announcing August same-store sales today, and the reports are generally good. The good results are pushing share prices close to or above current highs. Here’s a rundown: Macy’s Inc.…
Wikimedia CommonsBloomberg TV has been running a special this morning about the poor turnaround that Ron Johnson has engineered at JCPenney Co. Inc. (NYSE: JCP). Our take is that this is the…
Back in February, J.C. Penney Co. Inc. (NYSE: JCP) signed a contract with Martha Stewart Living Omnimedia (NYSE: MSO) to create Martha Stewart Living stores within Penney’s own stores. Macy’s Inc. (NYSE:…
Paul Ausick Saks Inc. (NYSE: SKS) reported an adjusted second-quarter net loss of $0.05 and $704 million in revenues before markets opened this morning. In the same period a year ago, the luxury department…
Wikimedia CommonsOn Friday, J.C. Penney Company, Inc. (NYSE: JCP) reported very disappointing second-quarter results, reporting a loss of 37 cents a share after the company sales dropped 22.6% from the year earlier period. However,…
Kohl’s Corp. (NYSE: KSS) opened higher this morning after the company posted a better-than-expected second-quarter profit as cost cutting offset weak sales. The retailer said its quarterly profit totaled $240 million, or…
News Corp. (NASDAQ: NWS) takes a $2.85 billion write-down, mostly on its publishing properties, as it prepares to spin them off. (Reuters) Standard Chartered pushes back on allegations about money laundering, portraying…
The three major US stock indexes opened lower this morning following on softness in European markets and a mixed close in the Asian markets. There has been little data for investors to…
Macy’s Inc. (NYSE: M) reported second-quarter adjusted earnings per share (EPS) of $0.67 and $6.12 billion in revenue before markets opened today. EPS for the same period a year ago came to…
Paul Ausick The three major US stock indexes opened higher this morning on a report from Europe that German chancellor Angela Merkel now backs bond buying by the European Central Bank.Even a larger-than-expected drop…
Knight Capital Group Inc. (NYSE: KCG) raises $400 million. (CNBC) HTC reports that sales of its smartphones fell 45% year-over-year. (Reuters) The New York State Department of Financial Services apparently is investigating…
The jobs situation may have been weak enough to spur Fed action. (Reuters) As Facebook Inc. (NASDAQ: FB) shares fall, insiders will be able to sell shares. (Reuters) GlaxoSmithKline PLC (NYSE: GSK)…
