Wal-Mart (WMT) Gets Stunned By International
No matter how badly the retail industry was in December, Wal-Mart (WMT) still managed to post improved same-store sales of 1.9%. But, that was the only good news the company could manage. The world’s…
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The holiday season went poorly at Sears (SHLD), so it may still have to close scores of stores and lay-off thousands of people. Same-store sales at Sears stores fell 12.8%. As odd as it…
Activist Burkle Going After Whole Foods (WFMI)
Whole Foods Markets Inc. (NASDAQ: WFMI) has a new activist in its ranks. An SEC filing showed that Ron Burkle’s Yucaipa Cos. investment vehicle is now holding a 7% stake in the organic and…
A Retail Stock Sucker Rally (M)(JWN)(SHLD)
Retail stocks are in rally mode despite forecasts that a large number of stock chains could file for bankruptcy this year and more than 70,000 individual stores could close. The move up may be…
Latest Retail Theory: Wal-Mart (WMT) Will Pound Target (TGT)
Almost every bit of news about the retail industry has been bad since the third quarter of last year. Some analysts believe that 72,000 stores could close in the US during the first half…
Holiday Retail Worst Since 1970
The two most brutal recessions in recent memory are those that hit in 1973 and 1981. It appears that holiday retail sales for 2008 were worse than they were in either of those downturns.…
Could Retail Cut Another One Million Jobs In 2009?
The media has been full of news about how heavily retailers will have to cut store locations next year. Three weeks ago, 24/7 Wall St. ran an analysis of the retail companies which might…
If 25% Of American Retailers Go Bankrupt, Which Companies Make The List?
24/7 Wall St. has already provided a list of retailers who may well not make it through 2009. According to The Wall Street Journal, "AlixPartners LLP, a Michigan-based turnaround consulting firm, estimates that 25.8%…
For Retailers, The Worst Holiday Gets Worse
How can the worst retail holiday season in years get worse? It can become the worst holiday season since anyone kept accurate records. There have been signs for several weeks that e-commerce and store…
Retail Falls Completely Apart (SHLD)(GPS)(M)
Bricks-and-mortar retail sales were predicted to be down by 5% or so this year. At companies like Sears (SHLD), Gap (GPS), and Macy’s (M), which have been suffering for several quarters, the fall-off might…
Retailers Want Bailout, Too
Add to the list of the hundreds of companies and scores of industries that want part of the Obama bailout money the nation’s largest retailers. The National Retail Federation has proposed that there be…
Starbucks (SBUX) May Take Another Chance To Screw Employees
Merry Christmas you underpaid, overworked coffee barista boys and girls. Uncle Howard Schultz, your founder and CEO, has found another way to screw Starbucks (SBUX) employees, if he wants to. According to The Wall…
Nike Skirts Around Recession, So Far (NKE, UA)
Nike Inc. (NYSE: NKE) seems to be avoiding the recession so far. Not entirely, but much better than other we have seen. The sports apparel giant made a profit of $391 million, or $0.80…
RadioShack Takes Back Mexican Ops (RSH)
RadioShack Corporation (NYSE: RSH) announced that it closed on a a stock purchase agreement yesterday that its subsidiaries Tandy International Corporation and ITC Services, Inc. entered into with Grupo Gigante, S.A.B. de C.V. in…
The Holiday Sales Mirage (M)(SHLD)
The news about what will happen to retail spending ends at December 31. All of the analysis is focused on the period from November 1 to the end of the year. So far the…