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Company News for January 06, 2011 - Corporate Summary
Thursday, January 6, 2011 - 10:33am | 719• Constellation Brands (NYSE:STZ) reported fiscal third quarter earnings of $0.66, ahead of the Zacks Consensus Estimate of $0.61, on revenues of $966 million lower than the Zacks Consensus Estimate of $987 million • Oppenheimer has upgraded ExxonMobil (NYSE:XOM) from "market-perform" to "...
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News Summary
Thursday, January 6, 2011 - 10:31am | 165Shares of Dillard Department Stores Inc (NYSE: DDS) gained about 1.3% after the retailer reported 7% rise in its December sales at stores open at least one year. However, analysts were expecting 3% rise in same-store sales. DDS' total sales for the same period surged 6% y/y to $1.07 billion. The...
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Retailers Lower On Missed Same Store Sales (TGT, M, AEO, GPS)
Thursday, January 6, 2011 - 10:21am | 168There are a myriad of retailers moving sharply lower this morning on the back of missed December same-store-sales (SSS). Shares of Target (NYSE: TGT) are 5% lower to $55.95 on the back of December SSS rising 0.9%. Analysts expected a rise of 4.0%. Shares of Gap (NYSE: GPS) are down 7% in pre-...
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Company News for January 06, 2011 - Corporate Summary
Thursday, January 6, 2011 - 10:19am | 719• Constellation Brands (NYSE:STZ) reported fiscal third quarter earnings of $0.66, ahead of the Zacks Consensus Estimate of $0.61, on revenues of $966 million lower than the Zacks Consensus Estimate of $987 million • Oppenheimer has upgraded ExxonMobil (NYSE:XOM) from "market-perform" to "...
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JCPenney Reports December Sales 3.7% yoy
Thursday, January 6, 2011 - 9:33am | 61J. C. Penney Company, Inc. (NYSE: JCP) reported today that its comparable store sales for the five-week period ended Jan. 1, 2011, increased 3.7 percent over last year with fine jewelry and women's accessories reporting the strongest results. Geographically, the best performing regions were the...
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Kohl's Corporation Reports December Comp SS of 3.9%
Thursday, January 6, 2011 - 9:30am | 53Kohl's Corporation (NYSE: KSS) reported today that total sales for the five-week month ended January 1, 2011 increased 5.9 percent over the five-week month ended January 2, 2010. On a comparable store basis, December sales increased 3.9 percent. Year to date, total sales increased 7.2 percent and...
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Macy's, Inc. Reports December Sales of $4.619B
Thursday, January 6, 2011 - 9:01am | 65Macy's, Inc. (NYSE: M) today reported total sales of $4.619 billion for the five weeks ended Jan. 1, 2011, an increase of 4.5 percent compared with total sales of $4.422 billion in the five weeks ended Jan. 2, 2010. On a same-store basis, Macy's, Inc. sales were up 3.9 percent in December. Same-...
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The Bon-Ton Stores Announces December Sales of $510.8M
Thursday, January 6, 2011 - 8:31am | 63The Bon-Ton Stores, Inc. (NASDAQ: BONT) today announced comparable store sales for the five weeks ended January 1, 2011 increased 0.1%. Total sales for the five weeks decreased 0.1% to $510.8 million compared with $511.1 million for the prior year period. Year-to-date comparable store sales...
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US Stock Futures Up As Investors Await Jobless-Claims Data
Thursday, January 6, 2011 - 7:39am | 266US stock futures are higher this morning as investors are awaiting weekly jobless-claims data. Futures on the Dow Jones Industrial Average rose 32 points to 11,696.00 and S&P 500 index futures gained 3.90 points to 1,275.70. Nasdaq 100 futures gained 6.75 points to 2,276.50. The blue-chip Dow...
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Brian Sozzi Says New J. Crew Deal "Looking Like A No-Go" (JCG, SHLD, URBN)
Wednesday, January 5, 2011 - 2:33pm | 292Brian Sozzi of Wall Street Strategies has a research note out on his take of the rumors today that Sears Holdings (NASDAQ: SHLD) and Urban Outfitters are looking at a potential counter offer for J. Crew (NYSE: JCG). J. Crew was acquired by TPG and Leonard Green late in 2010. In the note Sozzi...
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Bill Ackman Not Focused On J.C. Penney Real Estate (JCP)
Wednesday, January 5, 2011 - 1:37pm | 63Bill Ackman of Pershing Square Capital is not focused on J.C. Penney's (NYSE: JCP) real estate, but rather its operations, reports CNBC's David Faber. Faber said that Ackman's discussions have not been focused on any “quick deal," rather operational improvements for JCP to improve its earnings.
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Saks Incorporated to Close Store in Denver
Wednesday, January 5, 2011 - 1:02pm | 81Retailer Saks Incorporated (NYSE: SKS), today announced it plans to close its Saks Fifth Avenue store located in the Cherry Creek Mall in Denver, Colorado on March 19, 2011. With the closing of the Denver store, the Company will have closed seven Saks Fifth Avenue stores since July 2010. The...
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J.Crew Interest From Sears, Urban Outfitters -Bloomberg (JCG, SHLD)
Wednesday, January 5, 2011 - 12:28pm | 90Hearing Bloomberg reporting J.Crew (NYSE: JCG) getting M&A interest from Sears (NYSE: SHLD), Urban Outfitters (NASDAQ: URBN), or others. This article may include mentions of rumors, chatter, or unconfirmed information. Readers should beware that while unconfirmed information may be correlated...
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Coach (COH) Bulls Active in Long-Term Calls
Wednesday, January 5, 2011 - 10:49am | 1631Coach handbags may have been popular holiday gifts in December, but Coach stock continues to see its fair share of fans even into the new year. Tuesday afternoon, the January 2013 55-strike calls in Coach saw unusual activity, as more than 10,000 contracts changed hands. Shortly after 1:00 p.m....
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Goldman Sachs Bullish on Kohl's; Suggests Buying Calls (KSS)
Wednesday, January 5, 2011 - 10:26am | 69Goldman Sachs is out with a research report this morning, where it's analysts voice the opinion that Kohl's Corp. (NYSE: KSS) will beat December same store sales expectations, supporting their thesis of potential upside in Q4. The analysts also believe that KSS will initiate a dividend on their...