Hostess Brands Go on the Auction Block
courtesy of Hostess Brands Inc.Hostess may be dead, but its popular brands are not. Several other food companies believe they can make money on the Hostess asset base, and the auction process to sell…
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Newest first · Page 279Walgreen’s Sales Slide Continues
courtesy of WalgreenDrug store giant Walgreen Co. (NYSE: WAG) announced this morning that December same-store sales fell 6.1% year-over-year, primarily due to the impact of generic drug sales replacing sales of higher-priced brand-name drugs.…
BMW Wins 2012 U.S. Luxury Car Sales Race
Courtesy Ford Motor Co.The luxury car sales race in the United States in 2012 was won by BMW, with Mercedes second and Toyota Motor Corp.’s (NYSE: TM) Lexus in third. The two American luxury…
A Joyless Holiday Season for E-commerce
By Steve Jurvetson CC-BY-2.0, via Wikimedia CommonsResearch firm comScore reports that e-commerce sales for the November-December holiday season rose only 14% to $42.3 billion. That growth was weak, and the number modest when the…
Starbucks Offers Reusable Plastic Cup for $1
courtesy of StarbucksCoffee retailer Starbucks Corp. (NASDAQ: SBUX) will begin selling a reusable plastic cup for $1 at all its U.S. and Canadian locations in an effort to reduce the amount of waste generated…
December Retail Sales: A Smaller Bag (COST, WTSLA, LTD, TGT, BKE, SMRT, M, GPS)
ThinkstockRetailers are announcing December same-store sales figures today and, to tell the truth, expectations are pretty low. Research firm Retail Metrics projects an overall gain of just 1.9% year-over-year, sharply lower than the 3.5%…
Family Dollar Stores Sinks on Missed EPS Estimate
ThinkstockFamily Dollar Stores Inc. (NYSE: FDO) reported first-quarter fiscal 2013 results before markets opened this morning. The discount retailer reported diluted earnings per share (EPS) of $0.69 on revenues of $2.42 billion. In the…
Retail Stocks Not Sharing Equally in Today’s Surge
ThinkstockRetailers do not appear to be headed for uniformly upbeat sales increases in December. Research firm Retail Metrics has dropped its forecast for a same-store sales increase by another 10 basis points this morning,…
ConAgra Debt Rating Cut at S&P
ThinkstockRatings agency Standard & Poor’s has cut its ratings on debt for ConAgra Foods Inc. (NYSE: CAG) from BBB to BBB- following the company’s announcement that it would finance its $6.8 billion acquisition of…
Time for J.C. Penney and Best Buy to Release Holiday Results
courtesy Best Buy Co. Inc.Some of the news about holiday sales at deeply troubled retailers Best Buy Co. Inc. (NYSE: BBY) and J.C. Penney Co. Inc. (NYSE: JCP) has been better than expected. But…
Looming Longshoremen’s Strike Raises Alarms
ThinkstockA strike by the The International Longshoremen’s Association’s (ILA), which would begin Sunday, appears very likely. A number of companies that rely on the ports for their inventory have expressed alarm. Matthew Shay, the…
Holiday Sales Falter — MasterCard
ThinkstockMasterCard Inc. (NYSE: MA) advisors SpendingPulse reports that improvement in holiday sales this year have been the lowest since the start of the recession in 2008. If the information is correct, it probably indicates that…
What Walmart and Amazon Stock Prices Tell About the Holidays
courtesy of Wal-Mart Stores Inc.What happened to bricks-and-mortar and e-commerce sales this holiday season? If Wall St.’s opinion has validity, online operations did well and old-school stores did not. The price of Wal-Mart Stores Inc.’s (NYSE:…
Can Free Shipping Beat the Fiscal Cliff?
Wikimedia CommonsFree shipping has become one of the greatest concerns related to the profit margins at e-commerce operations like Amazon.com Inc. (NASDAQ: AMZN). Each item shipped free makes money for United Parcel Service Inc.…
Walgreen Results Send Shares Sliding
courtesy of WalgreenWalgreen Co. (NYSE: WAG) reported first-quarter fiscal 2013 results before markets opened this morning. The drug store chain posted adjusted diluted earnings per share (EPS) of $0.58 on revenues of $17.3 billion.…