Amazon.com Inc. (NASDAQ: AMZN) posted earnings after already saying that this holiday season was a record. Earnings for the Internet retailer were $0.52 EPS on $6.7 billion in revenue. Thomson Reuters (First Call) had…
Amazon.com Inc. (NASDAQ: AMZN) is set to report earnings after the close of trading. Jeff Bezos and friends at the online retailing giant have already said that the Q4-2008 holiday season was a record…
Someone needs to take advantage of the collapse in retail real estate values. The prices for many locations are too good to be true. Best Buy (BBY) says it may get into the business…
Starbucks (SBUX) posted bad earnings for last quarter. Over the last 2 years Starbucks expanded extensively, refusing to recognize that there was a limit to the number of people who would pay $3 for…
Starbucks Corp. (NASDAQ: SBUX) has posted disappointing earnings. The coffee giant reported $0.15 non-GAAP EPS and $2.62 billion in revenue. Thomson Reuters (First Call) had estimates were $0.17 EPS and $2.69 billion in revenue. …
The need for more and more people to have inexpensive and convenient food may be tailing off. McDonald’s (MCD) fourth quarter results were lackluster. . Net income fell 23% to $985 million. Total revenue…
Today marks the official death of Circuit City Stores, Inc. All hopes of reviving or saving all or part of the company are gone. The company is now officially seeking approval from the U.S.…
Target Corporation (NYSE: TGT) announced this morning that its board of directors has appointed president and CEO Gregg Steinhafel as the company’s chairman of the board, effective February 1. Steinhafel will succeed Bob Ulrich,who…
According to MarketWatch: "Stung by weak demand and falling prices, U.S. seasonally adjusted retail sales plunged 2.7% in December, the Commerce Department estimated Wednesday. Excluding the 0.7% decline in auto sales, retail sales recorded…
Coca-Cola (KO) has decided to market its flagship product as a way for people beaten down by the recession to feel better about themselves and the world around them. The soft drink company is…
Several estimates from retail analysts predict the tens of thousands of retail outlets will close this year. Some put the number as high as 70,000 in the first half of 2009. Wall St. is…
It is beginning to dawn on Wall St. that jobs are not the only thing that retailers will be cutting. The value of their stores, inventories, and any past M&A deals may be on…
It looks like Nordstrom Inc. (NYSE: JWN) has a new largest shareholder. An existing holder called Capital World Investors has increased its ownership in the upscale retailer and now owns a 10.1% stake in…
No one is his right mind is likely to be happy with the Best Buy (BBY) numbers for December. Same-store sales dropped 6.5%. Sales rose a modest 4% to $7.5 billion. The figures were…
There are actually a few bright spots in retail despite an economy that is still getting worse and an environment where the consumer is getting poorer and less certain about their job prospects. Among…