Dwight Burdette, via Wikimedia CommonsFoot Locker Inc. (NYSE: FL) reported fourth-quarter adjusted diluted earnings per share (EPS) of $0.73 ($0.64 excluding the extra week this year) and $1.71 billion in revenues before markets opened…
courtesy of Wal-Mart Stores Inc.Customer satisfaction with retailers is at an all-time high. However, while the industry improved overall, according to the American Consumer Satisfaction Index (ACSI), not all retailers received high marks. At the positive end…
thinkstockPrivate equity firm Sycamore Partners has reached an agreement to take teen apparel retailer Hot Top Inc. (NASDAQ: HOTT) private for $14 a share in cash, or a total of about $600 million. The…
ThinkstockRetailers are announcing February same-store sales figures today. Research firm Retail Metrics projected an overall gain of 2.5% year-over-year, compared with a 5.1% gain in January and a 4.2% gain in February of 2012.…
ThinkstockThe Kroger Co. (NYSE: KR) reported fourth-quarter and full-year 2012 results before markets opened this morning. The grocery chain reported quarterly adjusted diluted earnings per share (EPS) of $0.88 on revenues of $24.15 billion.…
ThinkstockSmithfield Foods Inc. (NYSE: SFD) reported third-quarter fiscal 2013 results before markets opened this morning. The food processing firm reported adjusted diluted earnings per share (EPS) of $0.58 on revenues of $3.58 billion. In…
ThinkstockBig Lots Inc. (NYSE: BIG) reported fourth-quarter and full-year 2012 results before markets opened this morning. The close-out retailer reported quarterly diluted earnings per share (EPS) of $2.08 on revenues of $1.7 billion. In…
ThinkstockStaples Inc. (NASDAQ: SPLS) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the quarter, the office supplies retailer posted adjusted diluted earnings per share (EPS) of $0.46 and $6.57 billion…
courtesy J.C. Penney Co. Inc.J.C. Penney Co. Inc.’s (NYSE: JCP) board has a problem. If it wants to sell the company, in lieu of kicking out Ron Johnson as CEO, as the Wall Street…
courtesy J.C. Penney Co. Inc.Shares of J.C. Penney Co. Inc. (NYSE: JCP) were down sharply in premarket trading this morning following a report that commercial and retail real-estate REIT Vornado Realty Trust (NYSE: VNO)…
ThinkstockAfter three consecutive years of 4%+ same-store sales growth in the month of February, the outlook for the month in 2013 calls for growth of 2.7%, primarily on a forecast of weaker sales at…
ThinkstockWe have seen some key changes to the Argus Research Institutional Model Portfolio this morning. It is suggesting that investors add shares of Coach Inc. (NYSE: COH) and Costco Wholesale Corp. (NASDAQ: COST), and…
ThinkstockCostco Wholesale Corp.’s (NASDAQ: COST) annual sales run above $100 billion, more than twice J.C. Penney Co Inc.’s (NYSE: JCP) and Macy’s Inc.’s (NYSE: M) combined, and nearly 40% of those of mega-retailer Target…
courtesy Best Buy Co. Inc.Richard Schulze has filed a statement with the Securities and Exchange Commission that basically confirms that he is not going to make a new big for shares of Best Buy…
courtesy Best Buy Co. Inc.Best Buy Co. Inc. (NYSE: BBY) was supposed to report results last night, but that was also the deadline for the company’s ousted founder to make a firm offer to…