Target Corporation (NYSE: TGT) announced this morning that its board of directors has appointed president and CEO Gregg Steinhafel as the company’s chairman of the board, effective February 1. Steinhafel will succeed…
Almost every bit of news about the retail industry has been bad since the third quarter of last year. Some analysts believe that 72,000 stores could close in the US during the…
One piece of data does not a trend make. The University of Michigan Consumer Sentiment Poll shows a little uptick last week. But, coming in the holidays, people’s spirits many be brightening.…
Wal-Mart (WMT) reported strong same-store numbers for its most recently reported period. New data from MasterCard (MA) indicates that almost every other retailer in the country was bloodied during the early part…
No matter how far down bank stocks go and how hard regulators try to keep short sellers out of financial shares, some of the smart money is willing to gamble that the…
24/7 Wall St. will name its annual CEO of the Year next week. The executive will be picked from a field of ten which we will profile this week The CEOs are…
Some figures picked up in the media from research house ShopperTrak showed retail sales on Black Friday up 3%, which was much better than the most gloomy forecasts. The level of consumer…
Pershing Square Capital is walking away from its idea of creating a REIT tied to locations owned by retailer Target (TGT). The capital markets may just be too horrible. Whatever the reason,…
Douglas A. McIntyre According to Reuters, Yahoo! (YHOO) CEO Yang resigned. Reuters reports that Japan expects a long recession. Reuters writes that Congress will take a first look at a new auto bailout bill. Reuters…
The retail sales numbers on Main Street are truly going to hell in a hand basket. The only bright spot is Wal-Mart Stores (NYSE: WMT), and that is just indicative of a…
According to Reuters, investors and banks are in a struggle over whether financial companies should be able to change the way they value assets under accounting rules. Reuters writes that improvements in…
Target Corporation (NYSE:TGT) has confirmed that activist Bill Ackman’s Pershing Square has shared various ideas for an alternative ownership structure related to Target real estate. It also said that this has been…
Circuit City (CC) sacked the CEO who ran the company for the past four years. Philip Schoonover held every important job at the retailer from chairman to CEO to president. He was…
The most bizarre thing about the economic slowdown is the continued strength of Urban Outfitters Inc. (URBN). Not only is the Philadelphia-based retailer continuing to post impressive results but its stock just…
According to Reuters, US inflation rose as the housing market continued to be troubled. Reuters reports that Hewlett-Packard (HPQ) beat Wall St. expectations. Reuters reports that Ebay (EBAY) will drop some of…
