ThinkstockRetailers are announcing March same-store sales figures today. Research firm Retail Metrics projected an overall gain of 1.5% year-over-year, compared with a 2% gain in February and a 3.9% gain in March of 2012.…
Courtesy J.C. Penney Co. Inc.; photo by Chris RupertA state court judge in New York ruled yesterday that Martha Stewart Living Omnimedia Inc. (NYSE: MSO) did not violate its contract with Macy’s Inc. (NYSE:…
ThinkstockBed, Bath & Beyond Inc. (NASDAQ: BBBY) reported fiscal fourth quarter and full year 2012 earnings after markets closed today. The home furnishings company reported quarterly diluted earnings per share (EPS) of $1.68 on…
Jon OggThe DJIA and S&P 500 Index both hit new highs on Wednesday and we expect to see DJIA 15,000 and also 1,600 on the S&P 500 Index any day now. One thing that…
ThinkstockFamily Dollar Stores Inc. (NYSE: FDO) reported second-quarter fiscal 2013 results before markets opened this morning. The discount retailer reported diluted earnings per share (EPS) of $1.21 on revenues of $2.89 billion. In the…
courtesy of Toyota Motor Corp.Toyota Motor Corp. (NYSE: TM) announced that the Ford Motor Co. (NYSE: F) claim that its Focus was the best-selling car in the world last year is false. This sets…
Courtesy J.C. Penney Co. Inc.; photo by Chris RupertThe talk about the future of J.C. Penney Co. Inc. (NYSE: JCP) has turned to the chances of a sale. The first possible reason is the…
Courtesy Herbalife Ltd. Shortly after 11 a.m. ET this morning, Herbalife Ltd. (NYSE: HLF) announced the KPMG had resigned effective immediately as the nutritional food maker’s accounting firm. Shares of Herbalife did not open…
ThinkstockShares of footwear maker Skechers USA Inc. (NYSE: SKX) were halted at 10:27 a.m. ET this morning. The company, based in Manhattan Beach, California, may be the second firm from which KPMG resigned as…
Courtesy Herbalife Ltd.Shares of Herbalife Ltd. (NYSE: HLF) were halted this morning pending a news release. When the news actually hit — The New York Times DealBook blog reported it first — it took…
courtesy Ford Motor Co.Ford Motor Co. (NYSE: F) announced that its Focus was the best-selling car in the world last year, at least based on data from research firm Polk. What Ford passed on…
courtesy J.C. Penney Co. Inc.J.C. Penney Co. Inc.’s (NYSE: JCP) Myron E. (Mike) Ullman III began the ruin of the retailer that his successor as chief executive, Ron Johnson, who was just fired, continued.…
courtesy J.C. Penney Co. Inc.J.C. Penney Co. Inc. (NYSE: JCP) has apparently just tossed Ron Johnson out as the CEO. CNBC reported a source saying that Johnson is out as CEO. This retailer was a…
Many retailers will be reporting March same-store sales later this week, and the outlook is not pretty. According to research firm Retail Metrics, same-store sales will rise just 1.6% year-over-year in March. Cold weather…
The planned initial public offering of SeaWorld Entertainment Inc. is about to get a lot larger than previous estimates. The operator of SeaWorld, Shamu and Busch Gardens brands now plans to raise as much…