Walmart Chops EPS Estimates, Guides 2020 Higher
Walmart announced Tuesday morning that it is cutting fiscal year 2019 earnings per share guidance by about 8% due to dilution related to its $16 billion acquisition of Flipkart.
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Sears Wants to Cut Its Way to Profitability
There is an old saying in business: "You cannot cut your way to profitability." The recent plan for Sears to survive is based on just that.
Who Eventually Will Own the Sears Brand?
The future may be grim for Sears, but that does not mean the brand is dead. There is precedent for selling the Sears name.
Did Amazon Kill Sears? Only a Little
When old-line retailers begin to crumble and then go under, the major culprit for causing the demise is usually identified as Amazon.com. For Sears, that is only moderately true.
Walmart Adds Another Fashion Line to Shore Up Apparel Business
Walmart on Friday announced its acquisition of online intimate apparel retailer Bare Necessities. This marks the latest in a string of acquisitions and partnerships Walmart has announced over the past year or so as…
57 Sears Stores at Stake in Michigan
As people read about the chance that Sears Holdings Corp (NASDAQ: SHLD) will close all its stores, the story about the individual locations and people who work in them gets lost. One example is…
National Employee Morale Day: Sears Shutdown Could Cost 130,000 Jobs
A Sears liquidation would cost as many as 130,000 jobs, which is about what the U.S. economy added in September.
Banks, Lampert Going After What’s Left of Sears
Legendary retailer Sears is looking for a savior before loan repayments of some $134 million come due. There are two competitors for the honor, including the store's CEO and largest investor.
Macy’s to Be Open for Thanksgiving, Which Retailers Will Follow?
Macy's will open on Thanksgiving this year. That will give it a head start over some other retailers. But will it be enough to matter?
Walgreens Needs More Help From Its Rite Aid Stores
Walgreens reported fiscal fourth-quarter and full-year 2018 results this morning. The company beat on profit estimates but was a little short on revenues. Overall bearish sentiment among investors made matters worse.
Sears Bankruptcy Filing Is Inevitable
Sears Holdings is expected to file for bankruptcy protection by the end of the week, drawing to a close a 125-year long chapter in American retailing.
Can This New Board Member Help Save Sears?
Sears shares slid slightly after the company announced its newest addition to the board of directors, an advisor with experience in organizational change.
Over 13 Million Americans Have Finished Holiday Shopping
Millions of Americans have finished their holiday shopping weeks ahead of the traditional shop-til-you-drop period.
Costco Earnings Aren’t Enough for Investors
Costco released its fiscal fourth-quarter financial results after the markets closed on Thursday.
Holiday Shopping Is Almost Here: 5 Large-Cap Winners to Buy Now
With tax breaks providing additional income, and companies raising salaries in some cases, it should be a jolly season for the big retail players.