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Retail Ventures Misses Estimate - Analyst Blog
Thursday, December 9, 2010 - 5:33pm | 510Columbus, Ohio-based Retail Ventures Inc.'s (RVI) third quarter 2010 earnings of 11 cents per share missed the Zacks Consensus Estimate of 44 cents, but were higher than the loss of 28 cents posted in the prior-year quarter. The results improved on a year-over- year basis due to upside in...
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Retail Ventures Misses Estimate - Analyst Blog
Thursday, December 9, 2010 - 5:07pm | 510Columbus, Ohio-based Retail Ventures Inc.'s (RVI) third quarter 2010 earnings of 11 cents per share missed the Zacks Consensus Estimate of 44 cents, but were higher than the loss of 28 cents posted in the prior-year quarter. The results improved on a year-over- year basis due to upside in...
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Hackers Unite! Chaos, Threats, And Wikileaks
Thursday, December 9, 2010 - 8:51am | 190Yesterday, websites of Mastercard (NYSE: M), Visa (NYSE: V), and Amazon (NASDAQ: AMZN) were hacked by Wikileaks supporters as a threat to any organization that opposes the rights of Wikileaks and its controversial founder, Julian Assange. On Thursday, an activist from a group called Anonymous said...
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Retail Ventures, Inc. Reports Third Quarter EPS of $.11
Wednesday, December 8, 2010 - 5:45pm | 120Retail Ventures, Inc. (NYSE: RVI) today announced its consolidated financial results for the third quarter ended October 30, 2010. The income (loss) from continuing operations for the quarter ended October 30, 2010 was a profit of $7.9 million on net sales of $489.3 million, compared to a loss of $...
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Bon-Ton's November Sales Up - Analyst Blog
Wednesday, December 8, 2010 - 4:03pm | 409The Bon-Ton Stores Inc. (BONT) reported total sales of $319.1 million for the month of November 2010, which was 2.7% higher than $310.8 million in the year-ago quarter. The company's comparable store sales grew 2.9% for the month. The upside in revenues was driven by strong Black Friday sales and...
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Bon-Ton's November Sales Up - Analyst Blog
Wednesday, December 8, 2010 - 3:44pm | 409The Bon-Ton Stores Inc. (BONT) reported total sales of $319.1 million for the month of November 2010, which was 2.7% higher than $310.8 million in the year-ago quarter. The company's comparable store sales grew 2.9% for the month. The upside in revenues was driven by strong Black Friday sales and...
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High End Retailers To Consider
Wednesday, December 8, 2010 - 3:27pm | 114If you believe that high end retailers will continue to outperform in 2011, then Patty Edwards has some ideas for you. She suggests Tffany (NYSE: TIF), Costco (NASDAQ: COST) and perhaps Buckle (NYSE: BKE) as other high end retail names. Nordstrom (NYSE: JWN), Lululemon (NASDAQ: LULU) and Coach (...
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Premium Rot 12-08-2010
Wednesday, December 8, 2010 - 3:24pm | 893Cusick's Corner This is a trader's market and the last two sessions have been fodder for short-term swing traders and patient day traders (if there is such a thing). Also, credit spread traders have had some nice consolidation (i.e. range bound) that has allowed the premium to rot out of the last...
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Macy's Remains One Of Citigroup's Top Picks
Wednesday, December 8, 2010 - 9:56am | 85Macy's Inc. (NYSE: M) remains one of Citigroup's top picks for the holiday season. “We believe that the company is well-positioned to gain market share this holiday season and deliver strong 4Q10 EPS results,” Citigroup writes. “We were impressed that the company raised its 4Q10 EPS guidance by two...
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Mad Money Lightning Round: Cramer Likes Macy's, Motricity (NFLX, JCOM, MOTR, RVBD, CRUS, M, WMT, UNG)
Wednesday, December 8, 2010 - 4:02am | 266On CNBC's Mad Money, Jim Cramer said during the Lightning Round that the CFO of Netflix (NASDAQ: NFLX) has “just resigned. We need to wait to learn more. I want you to sell half your position." For j2 Global Communications (NASDAQ: JCOM), he said, "This is an original cloud computing play but I...
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Macy's Sales Up, Lifts Outlook - Analyst Blog
Wednesday, December 8, 2010 - 3:03am | 467Macy's Inc. (M) recently posted better-than-expected sales results for the four-week period ended November 27, 2010, driven by robust online and Black Friday sales. Consequently, the company has lifted its outlook. Macy's comparable-store sales for November 2010 rose 6.1%, following an increase...
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Nordstrom's Comparables Rise - Analyst Blog
Tuesday, December 7, 2010 - 9:15pm | 430Nordstrom Inc's (JWN) same-store sales for November 2010 increased 5.1% compared with the same month last year. Total retail sales were $815 million, up 8.8% from $749 million in November 2009. The company reported an increase in same-store sales of 8.2% year to date. Total retail sales...
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Nordstrom's Comparables Rise - Analyst Blog
Tuesday, December 7, 2010 - 6:11pm | 430Nordstrom Inc's (JWN) same-store sales for November 2010 increased 5.1% compared with the same month last year. Total retail sales were $815 million, up 8.8% from $749 million in November 2009. The company reported an increase in same-store sales of 8.2% year to date. Total retail sales...
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Macy's Sales Up, Lifts Outlook - Analyst Blog
Tuesday, December 7, 2010 - 3:57pm | 467Macy's Inc. (M) recently posted better-than-expected sales results for the four-week period ended November 27, 2010, driven by robust online and Black Friday sales. Consequently, the company has lifted its outlook. Macy's comparable-store sales for November 2010 rose 6.1%, following an increase...
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J. C. Penney Sales Rise - Analyst Blog
Tuesday, December 7, 2010 - 3:00pm | 552J. C. Penney Company Inc. (JCP), a leading retailer of apparel, footwear, accessories, fashion jewelry, beauty products and home furnishings, recently reported its sales results for the four-week period ended November 27, 2010. The company's comparable-store sales for November 2010 climbed 9.2...