The Problem with a Staples Buyout (SPLS, BBY, ANF, ODP, OMX)
If a retail company gets in trouble or starts to lag on its growth and business model, it seems like the great response is always a chance of a private equity-led buyout. Reports have…
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Newest first · Page 292No More Big-Box Home Depot Stores in China
Looks like China’s economic slowdown has claimed another victim. Atlanta-based Home Depot Inc. (NYSE: HD) said today that it will close its remaining seven big-box stores in the People’s Republic. Home Depot chairman and…
OfficeMax Settles Lehman Claim
When Lehman Bros. filed for bankruptcy in September 2008, among the many claimants was office supply retailer OfficeMax Inc. (NYSE: OMX). The retailer had acquired a Lehman-backed note for $817.5 million in connection with…
More Activist Change Headed to Abercrombie & Fitch
More change is coming to Abercrombie & Fitch Co. (NYSE: ANF). Well, maybe. After yesterday’s news reports that it had hired Goldman Sachs to seek strategic alternatives, shares shot up to $38 from $35…
McDonald’s: Publishing Calories Won’t Make People Thin
McDonald’s Corp. (NYSE: MCD) will begin to post the number of calories in all of its foods on the above-the-counter and drive-thru menus of its nearly 14,000 U.S. stores. The world’s largest fast-food chain has…
Sears Rights Offer Goes Out Big
Sears Holdings Corp. (NASDAQ: SHLD) today launched a rights offering in advance of the planned IPO of its Sears Hometown and Outlet stores spinoff, scheduled for next month. More than 24 million options were…
McDonald’s Same-Store Sales Up
Fast food giant McDonald’s Corp. (NYSE: MCD) today reported same-store sales in August rose 3.7% year-over-year, but total sales rose just 1.2% (6.2% in constant currency) in the month. U.S. same-store sales rose 3%,…
Walgreen Borrows $4 Billion on the Cheap
Walgreen Co. (NYSE: WAG) is out with a pricing of one huge corporate bond offering. The sale is for $4 billion in total. As you will see below, the retail pharmacy giant is borrowing money…
Another Day, Another Tablet — For Kids (AMZN, AAPL, MSFT, LF, GOOG)
Privately held toy retailer Toys “R” Us announced today that it will offer a proprietary tablet device for kids called “tabeo” only at its own stores beginning October 21st. The new device may be…
Investors Not Impressed with JCPenney Haircuts
courtesy J.C. Penney Co. Inc.What’s the big news this morning about JCPenney Co. Inc. (NYSE: JCP)? That the struggling retailer has extended its free haircuts for kids promotion. But investors do not seem to…
Insiders Looking to Dump Michael Kors for Huge Profit
If you made as much money in shares of luxury apparel and accessories-maker Michael Kors Holdings Ltd. (NYSE: KORS) as the insiders have, chances are high that you would want to lock in at least…
Free Haircuts Will Not Save JCPenney
Wikimedia CommonsAccording to several media sources, JCPenney Co. Inc. (NYSE: JCP) will extend its program for free children’s haircuts. The original promotion, offered in August, brought in 1.6 million takers. The sinking retailer said it…
More Details on Amazon’s New Kindle Products
Amazon.com Inc.Now that the dust has settled a bit on today’s announcements of new products by Amazon.com Inc. (NASDAQ: AMZN), we’ll take a look at the whole stable full of new horses. Note to…
Kraft Outlines More Post-Mondelez Guidance
Kraft Foods Group Inc. (NASDAQ: KFT) is again outlining more and more of its outlook for what the company will look like after its reorganization. It is also giving more details on the coming…
Double Dose of Good News Sends Amazon Shares to New High (AMZN, AAPL, NOK, GOOG, CBS, NWS, PSO)
Amazon.com Inc. (NASDAQ: AMZN) today announced a new Kindle reader called the “Kindle Paperwhite,” which includes a new front-lighting technology (called ‘paperwhite’) that allows the device to be used in the dark. Other changes…