Yum! Rides High on China
Yum! Brands Inc. (NYSE: YUM) reported fiscal third quarter adjusted earnings per share (EPS) of $0.99 on revenue of $3.57 billion. In the same period a year ago, the operator of KFC, Pizza Hut,…
Retail
All Retail Articles
Newest first · Page 289RadioShack Finally Scores Analyst Upgrade … to Buy!
RadioShack Corp. (NYSE: RSH) is all doom and gloom. Isn’t it? Maybe not. Bank of America Merrill Lynch has actually raised the formal investment rating to Buy in coverage this Tuesday. This was a…
Sears Completes Offering for Spin-Off
Sears Holdings Corp. (NASDAQ: SHLD) announced this morning that it has completed the subscription period for its rights offering that will spin off the company’s Sears Hometown and Outlet stores. The rights offering was…
Orders for B&N’s New Nook Readers at Record High (BKS, AAPL, AMZN, GOOG, WMT, TGT)
courtesy Barnes & Noble Inc.Barnes & Noble Inc. (NYSE: BKS) CEO William Lynch said today that orders for the company’s just introduced Nook HD and Nook HD+ devices are coming in at “the highest…
Wet Seal Caves In
Specialty retailer The Wet Seal Inc. (NASDAQ: WTSLA) announced this morning that it had reached an agreement with private equity firm Clinton Group that resulted in four of the retailer’s directors resigning from the…
Microsoft, Barnes & Noble Complete Partnership Deal
courtesy Barnes & Noble Inc.Microsoft Corp. (NASDAQ: MSFT) and Barnes & Noble Inc. (NYSE: BKS) announced a joint venture in April that would build on the two partners’ innovations in e-readers. Today the deal…
Target to Join Crowd Not Reporting Monthly Sales (TGT, WMT, DG, SBUX, HD, LOW, BBY, ARO, BKS, M)
In its report today on September retail sales, Target Corp. (NYSE: TGT) announced that beginning in January 2013, the company would no longer report monthly sales figures, including same-store sales: This decision is based…
Retail Sales Solidly Higher (COST, WTSLA, LTD, BKE, M, TGT, GPS)
Several retailers are announcing September same-store sales today, and the reports are generally good. Gains were not as large as in August, but are providing a positive outlook for the coming holiday shopping season.…
Unilever Seeks Buyer for Its Skippy Brand
Unilever PLC (NYSE: UL) is reportedly in search of a buyer for its North American peanut butter brand Skippy. The consumer goods giant has hired Lazard Ltd. (NYSE: LAZ) to help conduct the sale,…
Costco (COST) Sales Rise More Than Expected
High-end big-box retailer Costco (NASDAQ: COST) had a better September than expected as revenue rose 8% to $9.31 billion. Same-store sales were up 6% worldwide. Excluding gas prices, the increase was 5%. Final net…
Walgreen Sales Dive in September
Same-store sales at Walgreen Co. (NYSE: WAG) dropped 7.8% in September, compared with sales in September 2011, from $5.94 billion to $5.48 billion. Customer traffic fell 2.3% while the average sales ticket rose by…
Best Buy Still a Buyout Target
Best Buy Co. Inc. (NYSE: BBY) is still a buyout candidate. That is what Reuters has said in a report. Founder Richard Schulze and four named private equity firms have reportedly started the process…
Discount Retailer Hits Targets, but EPS Forecast Disappoints (FDO)
Family Dollar Stores Inc. (NYSE: FDO) reported fiscal fourth-quarter 2012 adjusted diluted earnings per share (EPS) of $0.75 on revenue of $2.36 billion. In the same period a year ago, the discount retailer reported…
What the Holidays Mean to Best Buy
New management at Best Buy Co. Inc. (NYSE: BBY) has not articulated a turnaround plan, and that may be because there is none. The people who run the consumer electronics retailer cannot conjure what probably…
Express Tumbles on Disappointing Outlook
Shares of Express Inc. (NYSE: EXPR) have plummeted in premarket trading after the specialty retailer forecast a third-quarter profit of $0.16 to $0.20 cents per share. That is well off the Wall St. estimate…