Home electronics giant Best Buy Co. Inc. (NYSE: BBY) has seen its shares plunge today following an earnings warning from much smaller rival hhgregg, Inc. (NYSE: HGG). The Indianapolis-based retailer, which operates 210 stores…
JCPenny’s (NYSE: JCP) problems get worse and worse. The retailer said it would cut 350 people at its headquarters, which barely scratches the surface of its cost problems, nor altars a trend that caused…
Food products giant Campbell Soup Co. (NYSE: CPB) said this morning that it would acquire fresh food processor Bolthouse Farms from private equity firm Madison Dearborn Partners LLC for $1.55 billion in an all-cash…
Best Buy (NYSE: BBY) recently laid off 2,400 people. Wall St. has watched for a much more substantial sign, on the heels of years of poor performance and the departures of both its CEO and…
Auto retailer AutoNation Inc. (NYSE: AN) reported this morning that June sales rose 38% compared with June 2011, to 22,862 units. The company sells vehicles made by Ford Motor Co. (NYSE: F), General Motors…
Costco’s (NASDAQ: COST) results for June showed that one of the most successful retailers in the United States stumbled. Costco tends to cater to high-end shoppers, so its same-store sales could indicate that the…
Retail Metrics is out with its preliminary targets on June same-store sales and the report is one of caution. The firm is now expecting only a 1.0% growth in the same-store sales, down from…
General Mills Inc. (NYSE: GIS) reported fourth quarter and full fiscal year earnings this morning, posting mixed results and offering an outlook for the 2013 fiscal year that came in below consensus estimates. For…
When the New York Times ran an article about bribes that Walmart (NYSE: WMT) executives in Mexico exchanged for favorable treatment for the company, it seemed the world’s largest retailer would be crippled indefinitely. Investors…
Retails sales for the month of June are expected to show only modest growth according to research firm Retail Metrics Inc. June is not a particularly good month for most retailers, and this year…
We have seen two retail figures showing a very tepid June for same-store sales. The Redbook was released for the first 4-weeks of June that was up 0.4% from May and up 2.3% from…
Anheuser-Busch InBev SA/NV (NYSE: BUD) is bucking the broad market’s sell-off today on word that it is in talks to acquire the remaining stake of Mexican beer giant Grupo Modelo. The shares were briefly halted for…
Candy maker The Hershey Co. (NYSE: HSY) told an investors’ conference in New York today that the company will raise its investment in five core brands over the next five years “in a disciplined…
Over the last three months shares of Sears Holdings Corp. (NASDAQ: SHLD) have lost about a quarter of their value, falling from near $85 to around $52. In the three months preceding that drop,…
Internet research firm comScore Inc. (NASDAQ: SCOR) today released its rankings of the top web properties for the month of May. The top 5 of the 50 sites ranked by unique visitors is pretty…