Twist of Fate in Men’s Suits Merger
ThinkstockIn early October, men’s clothing firm Jos. A. Bank Clothiers Inc. (NASDAQ: JOSB) made an offer of $48 a share for Men’s Wearhouse Inc. (NYSE: MW), which the target company rejected and which was…
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Newest first · Page 253Tiffany Raises Forecast Again, Set to Post New All-Time High
courtesy Tiffany & Co.Tiffany & Co. (NYSE: TIF) reported third-quarter results before markets opened Tuesday morning. The luxury goods company reported diluted earnings per share (EPS) of $0.73 on revenues of $911.5 million. In…
Will Storms Across the Nation Hurt Retail Sales, With Sunny Skies on the Horizon?
Courtesy of the U.S. National Weather ServiceThere are at least three theories about how the huge and destructive storms that have washed across the United States and will hit the East Coast tomorrow will…
Why Amazon U.S. Workers Could Strike
By Steve Jurvetson CC-BY-2.0, via Wikimedia CommonsGerman workers are not happy with Amazon.com Inc. (NASDAQ: AMZN) — again. In May 500 warehouse workers affiliated with the Ver.di union walked off the job at two…
Black Friday Shopping Forecast: Partly Gloomy
ThinkstockBlack Friday is nearly here and with it comes an estimate of what retailers can expect in the way of traffic and sales. Consulting firm Deloitte LP has conducted an online survey of 1,000…
New Walmart CEO Choice Means Much Larger International Focus
courtesy of Wal-Mart Stores Inc.Perhaps the only thing that could have made the timing weirder than Monday’s announcement that Wal-Mart Stores Inc. (NYSE: WMT) will get a new CEO in February is if the…
Office Depot and Staples: Now There Are Two
courtesy of Office DepotThe merger of Office Depot Inc. (NYSE: ODP) and Office Max closed earlier in November and now the landscape for office supply stores includes just two major big-box players: Office Depot,…
Sears Revving Up for Sale of Canadian Stores: NY Post
Jim Henderson, via Wikimedia CommonsIn an exclusive report from the New York Post Monday morning, the newspaper cites unnamed sources who say that Eddie Lampert, the chairman and CEO of Sears Holdings Corp. (NASDAQ:…
Amazon’s Online Audience Crushes Walmart’s
ThinkstockIf anyone wants to understand the advantage Amazon (NASDAQ: AMZN) has over rivals who sell merchandise online, he only has to look at traffic data. Amazon has more than twice the number of visitors to…
S&P 500 Waves Goodbye to J.C. Penney on Black Friday
courtesy J.C. Penney Co. Inc.Standard & Poor’s on Friday announced that J.C. Penney Co. Inc. (NYSE: JCP) is getting booted from the S&P 500 index effective after markets close on November 29th. It’s just…
Holiday Retail Sales Continue to Face “Showrooming” Helping Amazon
ThinkstockNothing has done more to create anxiety among retailers, with the exception of a bad economy, than “showrooming.” Consumers come to stores for holiday deals, find what they like and then buy it online…
Without Online Sales, Gap Stores’ Earnings Would Be Invisible
thinkstockGap Stores Inc. (NYSE: GPS) reported third quarter 2013 results after markets closed Thursday. For the quarter, the clothing retailer posted diluted earnings per share (EPS) of $0.72 on revenues of $3.98 billion. In…
Walmart Workers Plan Black Friday Protests
courtesy Making Change at Walmart and UFCWIn the second year of labor protests against Wal-Mart Stores Inc. (NYSE: WMT), organizers are saying they expect protests and strikes at more 1,500 U.S. Walmart stores on…
After Earnings, Home Depot Stock More Expensive Than Lowe’s
ThinkstockThe country’s two largest home improvement stores, Home Depot Inc. (NYSE: HD) and Lowe’s Companies Inc. (NYSE: LOW), have now reported results for the previous quarter, and one company put up a new 52-week…
Sears Following J.C. Penney With Bigger Losses, Encouraging Words
Jim Henderson, via Wikimedia CommonsSears Holdings Corp. (NASDAQ: SHLD) reported third-quarter 2013 results before markets opened on Thursday. The company posted an adjusted earnings per share loss of $2.88 on revenues of $8.27 billion.…