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Earnings Preview for Family Dollar
Tuesday, June 28, 2011 - 8:19am | 329Read More...Family Dollar Stores (NYSE: FDO) will be reporting its third-quarter fiscal 2011 results Wednesday, June 29, before the opening bell. While the sluggish economy no doubt has continued to benefit the nation's number two dollar-store chain, the company also faces stiff competition from larger rivals...
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Benzingas Volume Movers
Monday, June 27, 2011 - 11:42am | 139Read More...Innospec Inc (NASDAQ: IOSP) shares surged 5.12% to $32.44 at 11:40 am. The volume of IOSP shares traded was 197% higher than normal. IOSP shares have jumped 200.20% over the past 52 weeks, while the S&P 500 index has gained 17.80% in the same period. EZCORP Inc (NASDAQ: EZPW) shares moved up 6...
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Target Canada to Transfer Rights of Certain Canadian Leasehold Interests to Walmart Canada
Friday, June 24, 2011 - 3:00pm | 64Read More...Target (NYSE: TGT) announced today that Target Canada has reached an agreement to transfer to Walmart (NYSE: WMT) Canada the rights for leasehold interests in up to 39 sites, currently operated by Zellers Inc. Specific locations will be identified later this fall. Terms of this transaction were...
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What's Hot On TheStreet
Friday, June 24, 2011 - 1:41pm | 258Read More...Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet 5 Relics of the '80s That Aren't Coming Back There's one question that should haunt every child of the 1980s: How are people supposed to feel any nostalgia for the 1980s when they've never gone away? Food Prices...
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Goldman Sachs Neutral On Retail
Friday, June 24, 2011 - 8:25am | 154Read More...Goldman Sachs is out with a research report on the retail sector, and it has a Neutral rating on the sector as a whole. It is positive on names like Lululemon (NASDAQ: LULU), Nordstrom (NYSE: JWN) and BJ's Wholesale (NYSE: BJ). In the note, Goldman writes, "We remain Neutral weighted on the...
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Goldman Sachs Mantains Buy Rating On BJ's Wholesale Club
Thursday, June 23, 2011 - 11:41am | 110Read More...According to Goldman Sachs, BJ's Wholesale Club (NYSE: BJ) Buy rating is maintained. Goldman Sachs said that the New York Post reported today that BJ's is looking for closer to $55 per share from a joint bid by Leonard Green & Partners and CVC Capital Partners, versus an earlier reported bid...
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Big Business Gets New Friend: the Courts
Wednesday, June 22, 2011 - 2:23pm | 179Read More...(TheStreet) -- Today I join the ranks of conspiracy theorists. Yep, I'm joining forces with the tinfoil-hat-wearing dunderheads I've been criticizing in this and other forums for years. There is a conspiracy out there to screw the public on behalf of large corporations, and I can name for you where...
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Goldman Sachs Reiterates Buy on BJ's Wholesale Club
Wednesday, June 22, 2011 - 9:00am | 83Read More...Goldman Sachs is out with its report today on BJ's Wholesale Club (NYSE: BJ), maintaining Buy. In a note to clients, Goldman Sachs writes, "As the company continues to generate double-digit EBITDA growth, we expect valuation to revert to more normalized levels, regardless of deal speculation....
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Jefferies Provides Color on Food Sector
Wednesday, June 22, 2011 - 8:09am | 178Read More...Jefferies provided color on the food sector. In a research report published today, Jefferies stressed a possibility that Wal-Mart (NYSE: WMT) might put more pressure on its suppliers to maintain its price competitiveness. In the report, Jefferies states, "After packaged food price gaps between Wal...
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Jefferies Takeaways on Wal-Mart from Global Consumer Conference
Wednesday, June 22, 2011 - 7:25am | 78Read More...Jefferies is providing a few takeaways on Wal-Mart (NYSE: WMT) from the Global Consumer Conference. “Consistent with recent remarks, Wal-Mart is squarely focused on getting comp store sales positive and is getting more disciplined on EDLP,” Jefferies writes. “David Cheesewright, President and CEO...
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Could East African Bankers Solution to Inflation Foreshadow China's?
Tuesday, June 21, 2011 - 2:59pm | 646Read More...Three countries in East Africa—Uganda, Tanzania, and Kenya—are experiencing high rates of inflation. These countries have seen their currencies depreciate severely over the past year. The currencies of Kenya and Uganda are the worst performing in Africa, year-to-date. According to Reuters,...
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BJ's Wholesale Club Down Despite Potential For Sharply Higher Bid
Monday, June 20, 2011 - 2:31pm | 368Read More...BJ's Wholesale Club, Inc. (NYSE: BJ) shares are down sharply today, down more than 3% despite a Bloomberg article that says BJ's Wholesale could fetch around $53 per share in a going private offer. Last week, it was disclosed that Leonard Green and CVC Capital Partners had offered to buy the...
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UPDATE: Walmart Statement Regarding Supreme Court Ruling in Dukes Case
Monday, June 20, 2011 - 12:10pm | 115Read More...Walmart (NYSE: WMT) Statement Regarding Supreme Court Ruling in Dukes Case: "We are pleased with today's ruling and believe the Court made the right decision. Walmart has had strong policies against discrimination for many years. The Court today unanimously rejected class certification and, as...
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Walmart Trading Higher on Positive Court Ruling
Monday, June 20, 2011 - 11:23am | 39Read More...Walmart (NYSE: WMT) is trading over 1% higher on the session on a positive court ruling. The shares are currently trading at $53.42. Wal-Mart Stores, Inc. operates retail stores in various formats worldwide.
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Are These Three Retailers Just Like Greece?
Monday, June 20, 2011 - 11:12am | 510Read More...Brian Sozzi of Wall Street Strategies is out with a research note this morning on the potential economic fallout of a Greece default on the U.S. consumer, as well as the parallels of the situation in Greece to a couple of U.S.-based retailers. Sozzi says that enormous amounts of debt are prevalent...

