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Company News for December 31, 2009 - Corporate Summary
Thursday, December 31, 2009 - 9:59am | 216Read More...• A spat between the Fox division of News Corp. (NASDAQ:NWSA) and Time Warner Cable (NYSE:TWC) threatens to cause a midnight blackout of Fox programming, as Fox seeks $1/month/subscriber and Time Warner is willing to pay 20 cents. • Piper Jaffray (NYSE:PJC) maintains an "overweight" rating on...
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Target Corporation (TGT) Maintains Outperform Rating
Wednesday, December 23, 2009 - 12:55pm | 106Read More...Credit Suisse (ADR) (NYSE: CS) maintained an Outperform rating for Target Corporation (NYSE: TGT). Analysts have set a target price of $58 for the company. Target released its master trust data for its securitized credit card receivables for the month of November on Tuesday. The company saw a...
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Retailers Expect Last Minute Shoppers To Boost Their Sales (UBS, MA, BKS, TGT, FDX)
Tuesday, December 22, 2009 - 12:29pm | 303Read More...The Wall Street Journal has reported that retailers are clueless about how well the season will end up as a storm hit the East Coast over the weekend pushing already-delayed holiday shopping even further. Michael Niemira, chief economist at the International Council of Shopping Centers, said that...
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RadioShack (RSH) And Walmart (WMT) To Remain Strong
Monday, December 21, 2009 - 3:27pm | 143Read More...The retail sector, fueled by a solid online sales trend, is likely to fare well in the coming year. Talking to CNBC, Style File Group analyst Hitha Prabhakar placed her bets on value stocks such as WalMart (NYSE: WMT) and J Crew (NYSE: JCG). She stated that she would stay away from luxury stocks...
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What Will Drive Retail Growth in 2010? (JWN, M, WMT, COST, KSS, TIF)
Friday, December 18, 2009 - 5:13pm | 342Read More...The year 2009 has seen an increase of nearly 47% in the S&P Retail Index, which is more than double the S&P 500’s return of 21.3%. Barclays (NYSE: BCS) notes in its 2010 Retail Outlook that the stocks that were impacted the most by recessionary concerns have led the recovery, including...
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Judgement Day For Retailers, Super Saturday Beckons! (WMT, TGT, URB, SHLD, AMZN, ANF)
Friday, December 18, 2009 - 1:59pm | 245Read More...After a better than expected Black Friday, retailers in the United States hope for an encore this Sunday, which happens to be a week before Christmas. Reuters reports that the general prediction is that bargain hunters will flood retail outlets and hopefully deliver retailers their best sales week...
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Walmart (WMT), Other Big Retailers Recall 50 Million Blinds
Tuesday, December 15, 2009 - 4:28pm | 110Read More...The retailers led by Wal-Mart Stores Inc. (NYSE: WMT) have announced the recall of at least 50 million window blinds and shades in the U.S. because of strangulation risk to children. Other retailers participating in the voluntary recall, besides Wal-Mart, included J.C. Penney Co. (NYSE: JCP), Big...
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Price Gap Between Target (TGT) And Wal-Mart (WMT) Increased In November
Tuesday, December 15, 2009 - 8:39am | 83Read More...Credit Suisse reports that the price gap between Target Corporation (NYSE: TGT) and Wal-Mart Stores, Inc. (NYSE: WMT) widened from 0.8% in October to 2.6% in November in the Dallas and Chicago markets, where it surveyed. It added that, though the gap widened, Wal-Mart’s prices appear to be...
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Duckwall-ALCO (DUCK) Posts Q3 Loss
Friday, December 11, 2009 - 8:59am | 92Read More...Duckwall-ALCO Stores Inc., (NASDAQ: DUCK) posted a slightly smaller loss in the Q3 even as sales fell. The company lost $1.4m, or 38 cents per share, in the quarter that ended Nov. 1. That compares with a loss of $1.7m, or 44 cents per share, a year earlier. Revenue fell 3% in the quarter to $111....
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J.P. Morgan Raises Estimates On Dollar Tree
Wednesday, December 9, 2009 - 6:01pm | 101Read More...J.P. Morgan earlier today raised its estimates and reiterated its overweight recommendation on discount retailer Dollar Tree (NASDAQ: DLTR). The bank’s upgrades come on the back of a good quarter for the company, which beat consensus estimates for 3Q by over 10 cents, posting EPS of 76 cents. J.P...
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Benzinga’s Top Gainers (BIG, STLY, AMD, TLB, FLOW)
Wednesday, December 9, 2009 - 4:45pm | 308Read More...Discount retailer Big Lots (NYSE: BIG) posted record third quarter earnings, a development that boosted its shares. EPS for the quarter came in at 27 cents, compared to 15 cents in the same period last year. Net sales in the quarter were up a little over 1%. The company anticipates it will net $1....
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Wal-Mart (WMT)- A Challenger For Online Turf: Janney
Tuesday, December 8, 2009 - 10:55am | 199Read More...According to Janney Capital Markets, Walmart.com (NYSE: WMT) could well be the next big challenger to online retailers including Amazon (NASDAQ: AMZN). It is well placed to invest heavily in online pricing and absorb initial losses on Walmart.com without significantly impacting profitability....
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Earnings Update, December 4 (BIG, PBY, CASY)
Friday, December 4, 2009 - 3:58pm | 215Read More...Discount retailer Big Lots (NYSE: BIG) posted record third quarter earnings. Adjusted EPS for the quarter came in at 27 cents, compared to 15 cents in the same period last year. Net sales in the quarter were up a little over 1%. The company anticipates it will net $1.09-1.14 in 4Q; its guidance for...
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Benzinga’s Top Gainers (BIG, MRVL, MWW, AF, SNV)
Friday, December 4, 2009 - 1:33pm | 199Read More...Big Lots, Inc. (NYSE: BIG) has soared 16.60% to $27.45 on 6.33 million shares after BIG’s third-quarter profit jumped more than expected and it also lifted its outlook for the fourth quarter and for the year. Its third-quarter net income more than doubled to $30.3 million, or 37 cents a share, from...
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Deutsche Bank: Is November Sales False Negative Or Fail Nail?
Friday, December 4, 2009 - 1:29pm | 147Read More...Deutsche Bank AG (NYSE: DB) noted that its November Broadline Index was up 0.6%, compared to its estimate of 1.7% and consensus estimate of 2.4%. DB’s top picks were Dillard’s Inc. (NYSE: DDS), Nordstrom, Inc. (NYSE: JWN), Saks Incorporated (NYSE: SKS), J.C. Penney Company, Inc. (NYSE: JCP) and...
