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Is Your Portfolio Protected From Porn?
Monday, December 12, 2011 - 3:20pm | 1071It really depends on how on-the-ball the corporate IT departments are of the companies you invest in. Last week, the internet opened up for sale the .xxx domain, with the idea of allowing pornography websites a way to self-select themselves out of the general domain. The Internet Corporation for...
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Can "Green Monday" Surpass Cyber Monday and Black Friday?
Monday, December 12, 2011 - 10:52am | 1531comScore (NASDAQ: SCOR) reports that U.S. online holiday spending is approaching $25 billion for the season, an increase of 15% from the previous year. Is this huge news? It is for online retailers. Amazon (NASDAQ: AMZN) and eBay (NASDAQ: EBAY) have been trying to move shoppers out of traditional...
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J.C. Penney Hopes to Find New Life; Acquires Stake in Martha Stewart
Wednesday, December 7, 2011 - 1:37pm | 555J.C. Penney (NYSE: JCP) announced today that it agreed to take a 16.6% stake in Martha Stewart (NYSE: MSO), paying $38.5 million or $3.50 per share for the acquisition. The move is one of many strategic moves that the company plans to make after its CEO Ron Johnson arrived from Apple. The company...
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Deutsche Bank Publishes Report on November SSS Awards
Friday, December 2, 2011 - 8:03am | 182In its report, Deutsche Bank writes, “Specifically, 4 retailers reported ahead of our expectations while 4 others missed our view. Overall, the group missed expectations, reporting a 2.8% comp versus Street consensus (Retail Metrics) of 3.2% and our 3.6 view. Specifically, winners included COST, M...
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Retail Sales Roundup
Thursday, December 1, 2011 - 11:50am | 473Stage Stores Inc (NYSE: SSI) reported a 2.3% rise in its November same-store sales. Stage Stores' total sales surged 4.3% to $121 million from $116 million. Stage Stores shares gained 8.76% to close at $12.54 yesterday. Pier 1 Imports Inc (NYSE: PIR) reported a 7% rise in its comparable-store...
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Macy's Reports 4.8% Rise In November Same-Store Sales
Thursday, December 1, 2011 - 10:23am | 35Macy's Inc (NYSE: M) reported a 4.8% rise in its November same-store sales. Macy's total sales during November surged 5.3% to $2.47 billion. Macy's shares gained 0.53% to $32.50 in pre-market trading.
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Ghost of Christmas Future: Half of Americans Fear Not Being Able to Afford Holiday Shopping
Wednesday, November 30, 2011 - 2:01pm | 1398"'Men's courses will foreshadow certain ends, to which, if persevered in, they must lead', said Scrooge. 'But if the courses be departed from, the ends will change. Say it is thus with what you show me.'" ~Charles Dickens, from A Christmas Carol While US retailers are hoping for a successful...
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Black Friday Bounce: Consumer Confidence, Holiday Deals, or Something Else?
Monday, November 28, 2011 - 1:21pm | 955There has been a lot in the news Monday regarding positive Black Friday sales numbers. The market responded favorably to the bright start for US holiday sales. Retail sales on Black Friday were 6.6 percent higher this year than last year.MarketWatch's Nick Hastings raised the question to Bruce...
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Top 4 Stocks In The Department Stores Industry With The Highest Operating Margin
Friday, November 25, 2011 - 5:11am | 125Below are the top department stores stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at Kohl's Corporation (NYSE: KSS) is 11.76%. KSS' revenue for the same period is $18.82 billion. The trailing-twelve-month operating margin at TJX...
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Macy's vs. Kohl's on Housewares: Ship, Shop, Ship, Shop...
Wednesday, November 23, 2011 - 1:37pm | 227Black Friday is coming! Black Friday is coming! How can I be in two places at once when all of my favorite stores open at midnight?! Step One to an effective plan-of-attack would be to decipher the dozens of retail fliers that are circulating around to figure out the best bet. Macy's (NYSE: M)...
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Piper Jaffray Publishes Preview of Black Friday
Tuesday, November 22, 2011 - 7:35am | 181In the report, Piper Jaffray writes, “As we near the beginning of the official holiday season, retail sales trends remain solid suggesting Black Friday results are likely to show a modest y/y increase. Retailers are offering free shipping, price matching and additional store hours to capture market...
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Fast Money Picks For November 22nd (TOL, GILD, M, GFI, MS)
Monday, November 21, 2011 - 8:45pm | 217On CNBC's Fast Money, Mike Murphy recommended a long position in Toll Brothers, Inc. (NYSE: TOL), because it has a strong balance sheet. Toll Brothers, Inc. (TOL) gained 0.37% today, and it closed at $18.93. Guy Adami thinks that Gilead Sciences, Inc. (NASDAQ: GILD) is a buy. Gilead Sciences, Inc...
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Five ETFs For Black Friday
Monday, November 21, 2011 - 3:31pm | 701Everyone knows that this Friday is more special than a typical Friday. It's not Friday the 13th, but it is Black Friday. You know, the time of year when basically every retailer under the sun makes its bones. Operate in the retail space and fail to produce some momentum over the next two weeks and...
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Black Friday Backlash & Other Tales from the Dark Side of Retail
Saturday, November 19, 2011 - 2:33pm | 2289CNNMoney recently featured an article on Black Friday and how stores are opening earlier this year in anticipation of holiday shoppers. The article included the account of Anthony Hardwick, a part-time clerk at Target (NYSE: TGT) in Omaha, Neb., and how owing to the fact that he will have to...
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UPFATE: Goldman Sachs Raises PT to $32 on Macy's
Thursday, November 10, 2011 - 8:42am | 74A report from Goldman Sachs reiterates its Neutral rating and raises its price target from $30 to $32 on Macy's (NYSE: M). The report states, “3Q's $0.16 beat was driven by a combination of a lower tax rate (5c) and above plan expense leverage due to significantly improved credit performance (13c...