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Earnings Preview: Kroger - Analyst Blog
Wednesday, December 1, 2010 - 5:01pm | 753The Kroger Company (KR), one of the largest grocery retailers, is slated to report its third-quarter 2010 financial results before the bell on Thursday, December 2, 2010. The current Zacks Consensus Estimate for the quarter is earnings of 31 cents a share. For the quarter to be reported, the...
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Earnings Preview: Kroger - Analyst Blog
Wednesday, December 1, 2010 - 12:00pm | 753The Kroger Company (KR), one of the largest grocery retailers, is slated to report its third-quarter 2010 financial results before the bell on Thursday, December 2, 2010. The current Zacks Consensus Estimate for the quarter is earnings of 31 cents a share. For the quarter to be reported, the...
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Earnings Preview: Kroger - Analyst Blog
Wednesday, December 1, 2010 - 6:27am | 753The Kroger Company (KR), one of the largest grocery retailers, is slated to report its third-quarter 2010 financial results before the bell on Thursday, December 2, 2010. The current Zacks Consensus Estimate for the quarter is earnings of 31 cents a share. For the quarter to be reported, the...
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Earnings Preview: Kroger - Analyst Blog
Wednesday, December 1, 2010 - 6:27am | 753The Kroger Company (KR), one of the largest grocery retailers, is slated to report its third-quarter 2010 financial results before the bell on Thursday, December 2, 2010. The current Zacks Consensus Estimate for the quarter is earnings of 31 cents a share. For the quarter to be reported, the...
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Obama Seeking To Extend Unemployment Benefits
Tuesday, November 30, 2010 - 2:00pm | 59President Obama was just on TV, and he is saying that he is seeking an extension of the unemployment benefits. If this happens, Patty Edwards believes it would be good for the lower end retailers, like Target (NYSE: TGT)or Wal-Mart (NYSE: WMT).
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Jefferies Positive On Costco After Channel Checks (COST)
Tuesday, November 30, 2010 - 8:50am | 209Jefferies & Co. is positive on Costco (NASDAQ: COST) after the investment bank did channel checks during the Black Friday shopping period. It has a Buy rating on shares. In a note sent to investors Jefferies writes, "We are expecting core comp store sales at Costco to come in around 5-6% (ex-...
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Zings Of The Day
Monday, November 29, 2010 - 5:01pm | 135Wal-Mart (YSE: WMT) said that it offered $2.3 billion for Massmart, South Africa's largest retailer. Massmart? Really? It sounds like a generic retailer that the Simpsons made up. I wonder if Apu is the benevolent CEO of Massmart. Store traffic rose 6% from last year's Black Friday, as shoppers...
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Black Friday Buzz - Walmart Wins Most Tweets, Followed by Best Buy, Macy's, Target and Sears
Monday, November 29, 2010 - 1:47pm | 161Which stores were most talked about on Twitter leading up to Black Friday? To find out, E.Life, a social media monitoring and analysis vendor, used its Tweetmeter software to track nine of the top retail brands from November 18 through November 25. More than 281,000 tweets were analyzed. The most...
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Wal-Mart to Pay $2.3 Billion for Control of Massmart
Monday, November 29, 2010 - 12:16pm | 105In an effort to expand its presence in Africa, Wal-Mart (NYSE: WMT) formally announced a $2.3 billion all-cash bid on Monday to seize control of South African retailer Massmart. The world's largest retailer said it will acquire a 51% stake in Massmart Holdings for ZAR148 per Massmart share....
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Wal-Mart to Buy 51% of Massmart - Analyst Blog
Monday, November 29, 2010 - 11:00am | 569Wal-Mart Stores Inc (WMT) today announced its intention to acquire a 51% stake in the South African based consumer goods distributor Massmart Holdings Ltd. Wal-Mart has offered Massmart $2.4 billion (17 billion rand) or 148 rand per Massmart share, reflecting a 19.2% premium over the company's 30...
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News Summary
Monday, November 29, 2010 - 10:38am | 255Shares of Wal-Mart Stores Inc (NYSE: WMT) lost about 0.4% after the company agreed to purchase a 51% stake in South Africa's Massmart Holdings Ltd for 16.5 billion rand ($2.32 billion) in cash. Doug McMillon, president and chief executive of Walmart International said, “The more we learn about...
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Company News for November 29, 2010 - Corporate Summary
Monday, November 29, 2010 - 10:30am | 374• General Motors (NYSE: GM) announced that its underwriters exercised their greenshoe option to purchase an additional 71.7 million shares, helping the formerly bankrupt auto company notch up a record $23 billion • Quantas resumed flights of its Airbus A380 aircraft, the first since an explosion of...
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Brian Sozzi: Is Cyber Monday Not Important?
Monday, November 29, 2010 - 10:19am | 176Brian Sozzi of Wall Street Strategies notes that Cyber Monday may be not as important as retailers would like you to think it is. Sozzi notes that Wal-Mart (NYSE: WMT), American Eagle (NYSE: AEO) and Abercrombie (NYSE: ANF) are having promotions, but Abercrombie isn't as promotional as it was on...
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Earnings Scorecard: Ross - Analyst Blog
Monday, November 29, 2010 - 9:30am | 922On November 18, 2010, Ross Stores Inc. (ROST ) reported third-quarter fiscal 2010 earnings of $1.02 per share, which met the Zacks Consensus Estimate. The company expects earnings of $1.15 to $1.20 for the fourth quarter of fiscal 2010 and, for the fiscal 2010, the company expects to earn in the...
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US Stock Futures Up After Ireland Bailout
Monday, November 29, 2010 - 7:43am | 213US stock futures are higher, this morning as Ireland received a $113 billion aid package. Futures for the Dow Jones Industrial Average gained 32 points to 11,061, while those for the S&P 500 index moved up 3.6 points to 1,187.30. Futures for the Nasdaq 100 index gained 3 points to 2,146. US...