JC Penney Stumbles
JC Penney (NYSE: JCP) will cut 900 jobs at its headquarters, which is about 13% of the total. New CEO Ron Johnson, formerly of Apple (NASDAQ: AAPL) claims this will make the crippled retailer…
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Jon OggGap Inc. (NYSE: GPS) on the surface looked really good today and you might think that the new colors might be creating more permanent interest. The company reported that its March same-store sales…
Target Hikes Earnings Estimate (TGT)
Big box retailer Target Corp. (NYSE: TGT) this morning announced a 7.3% same-store sales boost in March compared with March 2011. The company’s CEO was pleasantly surprised: March sales were well above our expectations,…
Pier 1 Beats Estimates (PIR)
Pier 1 Imports Inc.A sales jump of 11.8% boosted fourth-quarter revenue at Pier 1 Imports Inc. (NYSE: PIR) to $476.8 million, beating the consensus estimate of $472.1 million. Quarterly EPS at the home furnishings…
Burger King to Go Public Again
Burger King, privately held for more than three years, will begin to trade on the New York Stock Exchange again soon. Its current owners must have an eye on the valuations of McDonald’s (NYSE:…
China Becomes World’s Largest Food Market
China has become the world’s largest food market, passing the U.S. in yet another measure, according to UK research firm IGD. The group offered three reasons for this: rapid economic growth, an increase in…
A Financial Reality Check For Diamond Foods (DMND)
There is a good reality check today for anyone considering whether or not they should be committing capital to invest in Diamond Foods, Inc. (NASDAQ: DMND). The nuts and snacks company is consistently viewed…
Cheering Sears, A Rare Eddie Lampert Media Outing (SHLD)
Sears Holdings Corporation (NASDAQ: SHLD) was trading lower on the day, but shares have now spiked up 2% to $68.05 on the day. The reason is rather unusual and it is likely being overlooked…
Molson Coors Buys European Brewer (TAP, BUD)
North American brewing giant Molson Coors Brewing Co. (NYSE: TAP) has announced the acquisition of StarBev L.P., a Central and Eastern European brewer based in The Netherlands and the Czech Republic, for $3.54 billion.…
Maybe the Rich are Like You and Me (AAPL, GOOG, RIMM)
Wealthier smartphone owners are a lot like the rest of us, at least when it comes to apps downloaded to their smartphones. The wealthy’s favorite app is Facebook, followed closely by Angry Birds and…
Whole Foods Bans Red-Rated Fish (WFM)
Whole Foods Market (NASDAQ: WFM) has always tried to be the most ecologically friendly grocer of all the big chains. Now it is taking steps to go further into protecting fish by eliminating fish…
Finish Line Sinks on Forecast (FINL)
Athletic gear retailer Finish Line Inc. (NASDAQ: FINL) reported fourth quarter and full-year earnings this morning and the stock is getting punished on the company’s forecast for its first quarter of the 2013 fiscal…
Dunkin’ Donuts Bumps Size, Price of Secondary Offering (DNKN)
Dunkin’ Brands Group Inc. (NASDAQ: DNKN) announced this morning that it would increase both the number of shares offered and the share price on a secondary offering by “certain of its shareholders.” The initial…
Best Buy’s Psychological Death From Store Closures (BBY)
Best Buy Co. Inc. (NYSE: BBY) is not just down because the company’s earnings and guidance were unenthusiastic. The stock is not just down because it is cutting 400 management positions and it is…
Best Buy to Shutter 50 Stores, Go Smaller (BBY)
Electronics retailer Best Buy Co. Inc. (NYSE: BBY) reported fourth quarter and full year earnings this morning. For the quarter, the company reported adjusted EPS of $2.47 on revenue of $16.63 billion. The consensus…