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What Will Drive Retail Growth in 2010? (JWN, M, WMT, COST, KSS, TIF)
Friday, December 18, 2009 - 5:13pm | 342The 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 | 245After 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 | 110The 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 | 83Credit 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 | 92Duckwall-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 | 101J.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 | 308Discount 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 | 199According 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 | 215Discount 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 | 199Big 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 | 147Deutsche 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...
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Company News for December 04, 2009 - Corporate Summary
Friday, December 4, 2009 - 10:33am | 307• Bank of America (NYSE:BAC) said it raised $19.3 billion through the sale of 1.286 billion common-equivalent shares at $15 each, as it plans to repay government TARP borrowings of $45 billion • Human Genome Sciences (NASDAQ:HGSI) announced it priced a planned offering of 15.5 million common shares...
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Stock Market News for December 04, 2009 - Market News
Friday, December 4, 2009 - 10:29am | 356After spending much of the session struggling to find direction, U.S. stocks ended lower Monday as investors grew anxious ahead of this morning’s non-farm payrolls report. The sell-off that intensified in the final 20 minutes of the session saw the Dow Jones industrial average giving up 87 points...
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Benzinga's Earnings Preview (BIG, RY, SIRO)
Friday, December 4, 2009 - 6:45am | 93Big Lots, Inc. (NYSE: BIG) is expected to report third-quarter earnings of 18 cents a share on revenue of $1.02 billion. Yesterday, BIG closed at $23.54. Royal Bank of Canada (USA) (NYSE: RY) is projected to report fourth-quarter earnings of 97 cents a share. In yesterday session, RY closed at $54....
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BOE Research - Buy Dollar Tree Inc. (DLTR), Strong Performance Expected
Wednesday, December 2, 2009 - 11:52am | 143BOE Research has maintained its buy recommendation for Dollar Tree Inc. (NASDAQ: DLTR) with a 52 week price range of $32.94 to $52.20. The stock is currently trading at $48.97 and is valued at $57.14. Dollar Tree operates 3,591 discount variety retail stores in 48 states and offers merchandise at a...