Retail

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What to Expect When Costco Reports

Costco is scheduled to release its fiscal fourth-quarter financial results after the markets close on Thursday.

Chris Lange · 8 years ago

Holiday Season Sales to Rise More Than 4%

The National Retail Federation said Wednesday that it expects holiday season shopping to rise by 4.3% to 4.8% over 2017 spending. That's higher than the five-year average, but less than last year's jump.

Paul Ausick · 8 years ago

New JC Penney CEO Gets $6 Million Signing Bonus

New J.C. Penney Co. Inc. (NYSE: JCP) CEO Jill Soltau will get a $6 million bonus to head the extremely troubled retailer, less applicable withholding tax. She joins a company with a share price…

Douglas A. McIntyre · 8 years ago

Pressured Amazon Boosts Minimum Wage to $15

Amazon raised its minimum wage to $15, above the level of several other major retailers. The Seattle, Washington-based e-commerce giant was recently accused of paying workers at levels that pushed workers below the poverty…

Douglas A. McIntyre · 8 years ago

Amazon Boosts Minimum Pay to $15 an Hour

Amazon announced Tuesday morning that the company is raising its minimum wage for all U.S. employees to a minimum of $15 an hour. The change takes effect November 1. Some would say it's about…

Paul Ausick · 8 years ago

Sears Becomes a Penny Stock

Sears stock hit an all-time low under $1 a share on Friday. The company faces immediate liquidity troubles and unless it can lift its share price, a potential delisting by Nasdaq.

Paul Ausick · 8 years ago

What Michael Kors Gets by Acquiring Versace

Michael Kors announced early on Tuesday that it would be acquiring the Italian luxury fashion house Gianni Versace and adding it to its portfolio. The combined company will be changing its name following the…

Chris Lange · 8 years ago

Why Ascena Retail Is Tuesday’s Big Earnings Winner

Ascena Retail Group released its fiscal fourth quarter financial results after the markets closed on Monday. The company said that it had $0.07 in earnings per share (EPS) and $1.77 billion in revenue, compared…

Chris Lange · 8 years ago

Sears Heads Towards Penny Stock Status

Sears has been circling the drain for some time now, but with its most recent move it’s looking to stave off bankruptcy yet again.

Chris Lange · 8 years ago