Alms For The Poor: Wal-Mart (WMT) August Sales Up
Wal-Mart’s (WMT) US same store sales rose 3% in August. Analysts expected about half that growth rate. The Wal-Mart news is almost certainly a sign the the middle class is joining those below the…
Retail
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Newest first · Page 354The Mystery Of Urban Outfitters (URBN, AEF, ANF)
The most bizarre thing about the economic slowdown is the continued strength of Urban Outfitters Inc. (URBN). Not only is the Philadelphia-based retailer continuing to post impressive results but its stock just hit an…
At Least CostCo (COST) Is OK
The first point most investors will make about CostCo’s (COST) August revenue is that it came in under expectation. But, that would be to miss the point. A survey of analysts by FactSet Research…
Coach (COH) “Might” Buy Back $1 Billion Worth Of Stock
The Wall Street Journal declares that "Coach Will Buy Back $1 Billion of its Stock." Coach (COH), on the other hand was less optimistic. After noting that it had recently completed its $1 billion…
Coach Investing Substantially In Its Own Stock (COH)
Coach, Inc. (NYSE: COH) has just authorized a new share buyback program for the repurchase of up to $1 billion of its outstanding common stock. The plan is set to expire on June 26,…
Gap (GPS) Still Drowning
Gap’s (GPS) earnings got a bit better, but the company is still coming apart at the seams. In the latest quarter, Gap revenue fell from $3.69 billion to $3.5 billion. Comparable store sales were…
Zumiez, Same Store Sales Down Now & Ahead (ZUMZ)
Zumiez Inc. (NASDAQ: ZUMZ) was halted pending news into earnings. The snowboarding (as well as skateboarding, BMX, and action sports) apparel and outdoor wear retail and apparel company posted $0.09 EPS on $92.3 million…
Goldman Sachs Cans Department Stores (M, KSS, DDS)
Goldman Sachs is out with a negative call this morning that is a downgrade in the department stores section of the retail sector. The firm believes that gains of some 30% while companies are…
Starbucks (SBUX): A Good Contrarian Investment
It’s been a tough run for contrarians. Badly beaten down companies facing overwhelmingly bearish negative market sentiment have continued to weaken: for now, the bearish masses have been right. Part of the problem is…
Saks (SKS) May Have Overly High Hopes For Its New York Flagship Store
Luxury retailer Saks Inc. (SKS) today reported abysmal results, indicating that higher-end consumers are starting to feel the economic pinch as well. The company is betting that that its flagship Saks Fifth Avenue store…
Circuit City’s Turnaround Expert Still Under Schoonover, Big Mistake (CC)
Circuit City Stores, Inc. (NYSE: CC – News) has appointed director James A. Marcum as vice chairman of the company. In this new position, Marcum is expected to play a key role in leading…
Target’s Earnings Beat, Marred by Cards & Economy (TGT)
Target Corp. (NYSE: TGT) has just come out with earnings at $0.82 EPS on $15.47 Billion in revenues versus First Call estimates of $0.76 EPS and $15.46 Billion in revenues. The company’s retail segment…
Nelson Peltz: Bought Hansen, Dumped Starbucks (HANS, SBUX, PFCB, HNZ, WEN, TUX)
We just got to take a look at the JUNE 30 holdings of Nelson Peltz via an SEC filing of his TRIAN FUND MANAGEMENT GROUP. If you look throughout full filing you’ll see that…
Barnes & Noble (BGP) Says No To Borders (BGP) Acquisition — Will The Last Person Please Get The Lights On The Way Out?
In a rare sign of sanity in the executive suites of corporate America, it looks like one potential deal that had been the subject of wide speculation will not be happening The Wall Street…
Can Longs Buyout Save Drug Store Sector? (LDG, CVS, RAD, WAG)
Longs Drug Stores Corporation (NYSE: LDG) is trading way up this morning after last night’s announcement that CVS Caremark Corporation (NYSE: CVS) will acquire the company. In a definitive agreement reached, Longs will receive…