Easter Kills Wal-Mart (WMT), Stock Dives
Wal-Mart’s (WMT) same-store sales were light, by a lot. For the four weeks of March, revenue was actually down 2% to $36.2 billion. International sales killed results by dropping 15% to $8.1 billion.
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Newest first · Page 343Another Setback But Blockbuster (BBI) Is Likely To Survive
Blockbuster’s (BBI) auditors gave the company a “going concern” letter which is often a kiss of death. The document is a way for the accounting firm to say the operation is unlikely to make it…
Moody’s Now Calls J.C.Penney Junk (JCP)
Moody’s Investors Service put the heat on the credit ratings of J.C. Penney Co. (NYSE: JCP). While a cut in the retail sector may not be anything shocking in this climate, this downgrade took…
Sears Clipped By Moody’s (SHLD)
Moody’s Investors Service has had a pretty active day for downgrades, with Sears Holdings Corporation (NASDAQ: SHLD) being the latest of the active companies to get a credit or debt rating downgrade. The corporate…
As Americans Make More Coffee At Home, Starbucks (SBUX) Faces Trouble
The recession is claiming another American habit. People are not going out to drink coffee. They are making it at home, probably to save money. The National Coffee Association, which tracks these habits, says…
Discovery Says Amazon Kindle Infringes Its Patent (DISCA, DISCB, DISCK, AMZN)
Discovery Communications, Inc. (Nasdaq: DISCA, DISCB, DISCK) has filed a patent infringement suit against Amazon.com, Inc. (NASDAQ: AMZN) regarding the Amazon Kindle e-book reader.
More Plans From Starbucks (SBUX) To Fix It Broken Business
Starbucks (SBUX) seems hell bent on cutting its way to profitability. It may work, but it is also possible that the economy has gone through such an upheaval that the coffee chain no longer…
Goldman Sachs Dumps Wal-Mart From Conviction Buy List (WMT)
Wal-Mart Stores (NYSE: WMT) is indicated lower after Goldman Sachs removed the world’s largest retailer from the Conviction Buy List. Goldman still has a “Buy” rating on the stock. The concern that the firm…
24/7 Wall St.–Channel Checkers Survey: Strength At Wal-Mart (WMT)
Wal-Mart (WMT) has outperformed the rest of the retail market for several months, due primarily to strong margins based on its buying power and it sability to offer relatively high-quality goods and services at…
24/7 Wall St.–Channel Checkers Survey: Target (TGT) Unusually Strong
Over the last week, the 24/7 Wall St.–Channel Checkers Survey questioned 30 Target (TGT) stores about their sales trends. Based on the results, Target is doing better than most analysts had expected. Only 53%…
Another Look At The Fate Of The US Retail Industry
AlixPartners, a turnaround firm, said at the beginning of the year that 10% to 26% of retailers were in financial distress and were in danger of filing for Chapter 11. It is worth considering…
Rite Aid Yells ‘Do Over!’ on Reverse Split (RAD)
Rite Aid Corp. (NYSE: RAD) may be hoping that its $0.22 share price won’t be as important down the road as it would have been when the NYSE was actively delisting companies because their…
McDonald’s (MCD) Defies Gravity, Again
Someone needs to tell McDonald’s (MCD) that there is a recession. The company posted remarkable same-store sales again in February. After making an adjustment for the different number of days in the month this…
After FTC Settlement What of Wild Oats & Whole Foods Is Left? (WFMI)
Whole Foods Market, Inc. (NASDAQ: WFMI) has reached a settlement agreement with the Federal Trade Commission’s about its acquisition of Wild Oats. Under the terms of the settlement, Whole Foods will divest the Wild…
Extraordinary US Performance For Wal-Mart (WMT)
People who don’t have much money still need to buy the essentials somewhere. That place seems to be Wal-Mart (WMT) which still sells a lot of nifty stuff at low prices. For the month of…