It reads like something out of a presidential campaign stump speech. In a talk given to company management and quoted by Reuters, Wal-Mart’s CEO Lee Scott said "We live in a time…
Douglas A. McIntyre According to Reuters, Meg Whitman is stepping down as CEO of Ebay (EBAY). Reuters writes that GM (GM) said it would rather be a strong No.2 in the global market than a…
Below is a list of Dow Jones Industrial Average components that are actually down the least on an ugly day. There has been news on most of these or if not there…
Eddie Lambert has been a bust as a retailer. He may be fine at running a hedge fund, but due to his large holding in Sears (SHLD), that distinction may be shaky…
Wal-Mart (NYSE: WMT) is managing to actually hold up well in an environment where almost all retail and consumer discretionary stocks are stinking up the stock exchanges. It seems that whether you…
Liz Clairborne Inc. (NYSE: LIZ) has made a key hire that might get some notice or kudos if it was a different environment. It appears that Liz has poached away Isaac Mizrahi…
When an industry says it is in a state of disarray, investors may want to head for the hills. As the National Retail Federation began its annual meeting, one of its consultants…
Wal-Mart (WMT) same-store sales rose 2.4% for the five weeks ending on January 4. Revenue at the big retailer was up 8.4% for the period to $46.6 billion. International sales moved higher…
Douglas A. McIntyre Dell (DELL) is trying to pick which products it wants to give to retailers like Best Buy (BBY) and Wal-Mart (WMT) and which it wants to sell on the internet. Maybe it…
According to several media reports, Wal-Mart (WMT) has shut its movie download business. It blames the fact that Hewlett-Packard (HPQ) is discontinuing the technology platform which makes the service work. It is…
According to Reuters, Merrill Lynch (MER) plans to lay-off 1,600 people. Reuters writes that US durable goods numbers were worse than expected for November. Reuters writes that Wal-Mart (WMT) will end its…
Berkshire Hathaway (BRKA) has over $43 billion in cash on its balance sheet. It could buy most US public companies without borrowing a dime. Berkshire’s chief, Warren Buffett could put his money…
It makes all of the sense in the world. The stores offering the best discounts are getting most of the traffic this holiday season. But, that may be a mixed blessing. According…
According to Reuters, retailers offering the sharpest discounts got the lion’s share of this year’s holiday customers. CostCo (COST) and Wal-Mart (WMT) made the list. The Wall Street Journal writes that a…
Wal-Mart (WMT) and Macy’s (M) are going to throw the retail ball up in the air just before Christmas and hope that the consumer catches it. Both stores plan to open some…
