Costco’s (COST) same-store sales fell 7% last month. The firm was lucky. Abercrombie & Fitch’s (ANF) numbers were down 38%. Saks (SKS) plunged by 16.3% and Neiman Marcus fell 27.3%. July was…
Reuters: China is now Africa’s largest trading partner. Reuters: Australia says China’s latest Rio Tinto (RTP) charges are not new. Reuters: Publicis will buy Razorfish from Microsoft (MSFT). Reuters: UBS (UBS) tax…
We have some very unusual developments that came late in the week that we want you to keep on your watch lists for the coming week. We also included the big events…
You can just see the TV advertisements now… Wal-Mart and Uncle Sam are “rolling back” swine flu. The retailer is in talks with federal officials about possibly putting vaccination sites in its…
Reuters: Obama says healthcare reform is essential to the recovery. Reuters: CIT (CIT) bond advisers will push for Chapter 11. Reuters: Democrats will fight with banks on consumer agency. Reuters: Amazon (AMZN)…
Wal-Mart (WMT) decided to evaluate its suppliers based on whether they were polluters almost before it became fashionable. Going Green is a description used broadly in the business community as a badge…
Reuters: CIT (CIT) may be close to bankruptcy. Reuters: China GDP rose 7.9%. Reuters: Foreclosures hit a record in the first half of 2009. Reuters: Obama pressed Congress on a healthcare bill. Reuters: …
Reuters: Social media such as Twitter may not be worth as much as many people believe because of challenges they face in bringing in revenue. Reuters: The arrests of Rio Tinto (RTP)…
Target Corporation (NYSE: TGT) was hurt as the recession took hold and customers had to go searching for cheaper and cheaper products. Wal-Mart Stores (NYSE: WMT) was the winner there. Now Target…
Shoppers can save $700 billion a year shopping in Wal-Mart (WMT), according to the company. It actually can’t come up with facts to support that claim. Wal-Mart would have to know where people…
Douglas A. McIntyre Wal-Mart Stores Inc. (NYSE: WMT) is supposed to be the retail winner in a depression or recession as more and more consumers are forced to shop at the world’s largest retailer whether…
Wal-Mart Stores Inc. (NYSE: WMT) is acting like a broken stock, and this morning’s big downgrade is not helping matters at the world’s largest retailer. Goldman Sachs has removed the stock from…
Douglas A. McIntyre Over the past week, the 24/7 Wall St.–The Channel Checkers poll surveyed Ann Taylor (ANN) locations to gauge business trends at the ten retailers. We asked the following questions: 1. On a scale of…
Wal-Mart Stores Inc. (NYSE: WMT) gave shareholders a surprise at this morning’s annual shareholder meeting. The retail giant announced that it was going to repurchase up to $15 billion worth of common…
Douglas A. McIntyre Many big-box retailers including Best Buy (BBY), Target (TGT), and Costco (COST) are struggling as the recession beats down their same-store sales. General retailers such as Sears (SHLD) are not faring any…