Dr. Pangloss Reviews Retail Data With Joy
You would have to be named Dr. Pangloss to find good news this morning on the retail sector, but in that fashion there might be a little reprieve from the degree of the onslaught…
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Lululemon Athletica Inc. (NASDAQ: LULU) managed to beat earnings estimates this morning, but the guidance leaves little to be desired. The yoga-wear company reported profit of $0.13 per share and posted a 34% annual…
Costco (COST): Making The Poor Feel Rich
Wal-Mart (WMT) reported strong same-store numbers for its most recently reported period. New data from MasterCard (MA) indicates that almost every other retailer in the country was bloodied during the early part of November.…
More Recession Carnage For Video Games (ERTS, ATVI, GME, THQI, TTWO)
Electronic Arts Inc. (NASDAQ: ERTS) signaled about six weeks ago that the video game industry wasn’t recession-proof. It turns out that the company (and likely the sector) is not even as recession-resistant as many…
As Economy Gets Weaker, McDonald’s (MCD) Gets Stronger
A recession is supposed to pull everyone under, but that everyone does not seem to include McDonald’s (MCD). The fast food firm announced that that global comparable sales increased 7.7% in November. U.S. comparable…
Retailing’s Little Secret: People Are Spending Less
There are two components to retail sales. The first is the total number of transactions that a business makes. The other is the yield-per-sale. So far this holiday season, total sales have not looked…
Santa’s Last Stand
Economists, politicians, and the media have spent a number of weeks examining the wrong holiday season. The results for this year are nearly set in stone. For reasons that no one has explained well,…
10 CEOs To Go In 2009: Mary Sammons of Rite Aid (RAD, WAG, CVS)
Reverse stock split or not, Rite Aid Corporation (NYSE: RAD) has been under the gun and its future is far from certain. There was a period in time in 2007 when it looked like…
Starbucks (SBUX) Talks About Missing Earnings, Again
Howard Schultz, CEO of Starbucks (SBUX) keeps retreating from his previous forecasts of how the company will perform financially for the last part of this year and into 2009. The SBUX CEO today remarked…
The Wal-Mart (WMT) Miracle Lives On
After Costco (COST) posted poor numbers for last month and almost every other large retailer in the US said that the early parts of the fourth quarter were bad and the future looked worse,…
Costco (COST), One Of Retail’s Last Hopes, Falters
The retailers who were supposed to do OK during the recession were the ones with the really, really good goods which were being sold at the really, really low prices. Wal-Mart (WMT) falls into…
10 CEOs To Go In 2009: William Dillard II of Dillard’s (DDS)
Dillard’s Inc. (NYSE: DDS) could use new blood, literally. The company is run by William Dillard II as CEO (founder’s son) and as Chairman, and its President is Alex Dillard. There are enough Dillard…
Retail Sales Imploded In November (MA)
Mastercard (MA) has a unit which tracks retail sales. The numbers that it posted for November are almost too horrible to believe. According to The Wall Street Journal, new data from MasterCard SpendingPulse shows…
Sears (SHLD): The Real Face Of Retail
Forget how Wal-Mart (WMT) is doing. Sears (SHLD) is the real face of retail. Between its Sears and K-Mart stores, it has 3,000 outlets and 330,000 employees. And, it is dying a quick death.…
The Holiday Spending Head Fake
Management of companies in the retail sector are waking up to sunny skies today. Evidence is that Black Friday sales moved up 3% over last year. But sales are not profits, and that is…