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Many Retailers Post Strong Sept. Sales
Thursday, October 7, 2010 - 7:12pm | 873Cusick's Corner Many large retailers reported strong September sales this week and the consensus was that most consumers did their back-to-school shopping rather late this year, waiting for the promotions and discounts in September. Even with a general increase in September sales, overall...
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99¢ Only Stores Reports Increased Second Quarter Sales
Thursday, October 7, 2010 - 4:55pm | 12799¢ Only Stores® (NYSE: NDN) today reports total sales of $333.6 million for the second quarter of fiscal 2011 ended September 25, 2010. This represents an increase of 2.7% over total sales of $324.7 million for the same quarter last year. The Company's total retail sales for the second quarter of...
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RBC Capital Markets Raise PT on (YUM, HELE, AMZN, FDO)
Thursday, October 7, 2010 - 10:43am | 93RBC Capital Markets has raised the price target on: YUM! Brands (NYSE: YUM) to $55 from $49; Outperform Helen of Troy (NASDAQ: HELE) to $27 from $28; Sector Perform Amazon.com (NASDAQ: AMZN) to $181 from $161; Outperform Family Dollar (NYSE: FDO) to $49 from $48; Sector Perform YUM is trading lower...
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Wedbush Ups The Price Target On (ITMN, TTEK, FDO)
Thursday, October 7, 2010 - 10:35am | 67Wedbush Securities has upped the PT on: Intermune (NASDAQ: ITMN) to $16 from $14; Neutral Tertra Tech (NASDAQ: TTEK) to $25 from $23: Outperform Family Dollar (NYSE: FDO) to $41 from $40: Neutral ITMN is trading 6% higher at $14.29 TTEK is trading 1% higher at $21.20 FDO is trading slightly higher...
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Citigroup Reiterates Buy Rating on Family Dollar Stores (FDO)
Thursday, October 7, 2010 - 9:43am | 133Citigroup is out with a research report this morning, where it reiterates its Buy rating on Family Dollar Stores (NYSE: FDO); it has a $54.00 price target on the stock. The analysts said that, after slowing square footage growth and focusing on making “foundational investments” such as Project...
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September Same Store Sales Mostly Positive
Thursday, October 7, 2010 - 9:38am | 111September same-store-sales were mostly positive, with nearly all of the major retailers reporting better than expected numbers. A few companies, like Target (NYSE: TGT), and Ross Stores (NASDAQ: ROST) missed expectations, but that was overcome by the better than expected numbers from stores like...
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Duckwall-ALCO Stores Reports September Sales down 2.3%
Thursday, October 7, 2010 - 8:37am | 57Duckwall-ALCO Stores, Inc. (Nasdaq: DUCK) today announced that sales from continuing operations for the most recent fiscal five-week period ending October 3, 2010, decreased 0.6% to $41.1 million compared to $41.4 million in the prior-year month. Same-store sales decreased 2.3%. Sales year-to-date...
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Fred's Reports September Same-Store Sales
Thursday, October 7, 2010 - 8:02am | 64The September same-store sales of Fred's Inc (NASDAQ: FRED) were flat. However, analysts were expecting a rise by 2.3% in comparable store sales. The company's total sales for the month rose 2% y/y to $169.5 million. FRED's shares lost 2.67% to close at $11.67 yesterday. Read more from Benzinga's...
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Target Reports September Sales up 1.3%
Thursday, October 7, 2010 - 8:00am | 48Target Corporation (NYSE: TGT) today reported that its net retail sales for the five weeks ended October 2, 2010 were $5,562 million, an increase of 3.1 percent from $5,392 million for the five weeks ended October 3, 2009. On this same basis, September comparable-store sales increased 1.3 percent.
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Goldman Discusses Family Dollar After Analyst Meeting (FDO)
Thursday, October 7, 2010 - 7:49am | 135Goldman Sachs is out with a research report on Family Dollar Stores, Inc. (NYSE: FDO), after the company held an analyst day yesterday. It has a Neutral rating and a $46 price target on shares. In the research note, Goldman writes, "Mgmt plans include new layout, new signage, redesigned checkout...
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Fred's Reports September Sales (FRED)
Thursday, October 7, 2010 - 7:46am | 96Fred's Inc. (NASDAQ: FRED) today reported sales for the five-week fiscal month and eight-month year-to-date period ended October 2, 2010. Fred's total sales for the month increased 2% to $169.5 million from $166.6 million in September 2009. Comparable store sales were flat for the month versus an...
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Target Is Still Growing (TGT)
Wednesday, October 6, 2010 - 4:58pm | 122Target isn't just the luxury discounter for Americans anymore. According to the Wall Street Journal, Target (NYSE: TGT) is considering opening up stores in Canada, finally moving out of the U.S. Rags Davloor, chief financial officer of RioCan, a Canadian real estate developer, said Target is...
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Costco's Magnificent Recovery
Wednesday, October 6, 2010 - 8:07am | 179The results of Costco Wholesale (NASDAQ: COST) for the September quarter were impressive, even if they are already priced into the retailer's shares. Net sales for the fiscal 2010 fourth quarter, the 16 weeks ended August 29, 2010, were $23.59 billion, an increase of 8%. Comparable store sales rose...
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Family Dollar Analyst Day Preview
Tuesday, October 5, 2010 - 7:35am | 114Family Dollar (NYSE: FDO) recently entered its new fiscal year and the company announced new strategic initiatives that include capital allocation plans, and financial targets for the coming year when it reported F4Q10 results on 9/29/10. FDO is holding a meeting with the investment community in...
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Family Dollar Stores - Aggressive Growth
Monday, October 4, 2010 - 5:42am | 657Family Dollar Stores (FDO) has received a flurry of estimate revisions following its earnings announcement last week. Company Description Family Dollar Stores operates almost 7,000 stores across the U.S. The retailers offer a variety of items ranging from clothing to hardware, food to house...