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3 Companies Leading The Way For Healthy Workplaces
Tuesday, July 15, 2014 - 11:34am | 814With the American Heart Association and CEOs of more than 20 major companies recently joining to encourage healthy lifestyle choices, stressing good health is important to companies and employees alike. A number of other major corporations, meanwhile, have a history of leadership when it...
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Wal-Mart Sues Visa For $5 Billion Over Excess Fees
Friday, March 28, 2014 - 10:26am | 626Wal-Mart Stores (NYSE: WMT) have filed a lawsuit against Visa (NYSE: V) claiming more than $5 billion in damages for what Wal-Mart claimed were unreasonably high interchange fees Visa charged the retailer. In the lawsuit Wal-Mart claimed Visa conspired with banks to fix so-called “swipe fees”...
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Macy's To Beat Analyst Estimates And Cut Jobs
Thursday, January 9, 2014 - 8:34am | 590What a difference a few months can make. Macy’s (NYSE: M), the country’s second-largest department store chain, said it would beat analysts' estimates for profit through January 2015. In a statement, the company forecast profits per share of $4.40 to $4.50. According to Bloomberg, the average...
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Holiday Retail Sales Rose 3.5 Percent On Children's Apparel & Jewelry
Friday, December 27, 2013 - 11:05am | 729Overall U.S. retail sales were up 3.5 percent during the 2013 holiday shopping season, according to MasterCard Advisors SpendingPulse. Big sellers this year were children’s clothing and jewelry. Figures released Friday indicated that sales of clothing, electronics, and luxury goods rose 2.3...
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Retailers Hoping For After-Christmas Sales Surge
Thursday, December 26, 2013 - 8:38am | 595Hoping to boost lagging end-of-year sales, a number of retailers announced a push to attract customers after Christmas. Many big-name stores are taking part – including Macy’s (NYSE: M), Wal-Mart (NYSE: WMT) and even online giant, Amazon (NASDAQ: AMZN). Some traditional bricks and mortar...
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Macy's Faces Another Discrimination Lawsuit
Monday, December 23, 2013 - 1:53pm | 486In a discrimination lawsuit filed Friday, an African-American shopper said Macy’s (NYSE: M) security personnel stopped him after he bought a $2,400 Louis Vuitton bag and an alarm went off as he tried to exit the store. According to club promoter, Halim Sharif, he was detained and his bag...
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Apple's New iBeacon Features Personal Location-Based Ads
Friday, December 6, 2013 - 11:31am | 563In this clip from the 2002 movie, Minority Report, Tom Cruise, aka John Anderson, walks through a crowded mall where he and other shoppers are besieged by personal ads, based on their proximity to display kiosks. Fast forward to Friday. Apple (NASDAQ: AAPL) announced it would begin using micro-...
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How To Save While Shopping on Black Friday and Over the Holidays
Wednesday, November 27, 2013 - 10:56am | 891With Black Friday looming (or Black Thursday if you are so inclined), now is as good a time as any to consider a few tactics for avoiding overspending over the holidays. Despite your good intentions, the cheery music, bright lights, enticing ads and impulse displays in stores often trick...
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Abbreviated Holiday Season Will Cost Stores $1.5 Billion
Wednesday, November 6, 2013 - 11:49am | 588If you are wondering why more retailers are opening on Thanksgiving Day this year, the calendar might have a lot to do with it. Thanksgiving is on November 28, the latest it has been since 2002. That means six fewer days between Thanksgiving and Christmas and that translates to about $1.5...
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Will Kmart's 41-Hour Thanksgiving Shop-a-thon Be Enough?
Tuesday, November 5, 2013 - 11:11am | 737Sears Holdings (NASDAQ: SHLD) owned, Kmart will open at 6 a.m. Thanksgiving Day and stay open for 41 consecutive hours until 11 p.m. on Black Friday. To date, this decision represents the earliest Thanksgiving Day opening of any major retailer yet. Black Friday as the traditional beginning of...
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Is Sears on Life Support?
Wednesday, October 30, 2013 - 7:31am | 619Sears Holdings (NASDAQ: SHLD) said Tuesday it was mulling over spinning off both its Land’s End and Sears Auto Center businesses, according to The New York Times. Brian Sozzi, chief equities strategist at Belus Capital Advisors said this is yet one more sign of impending doom for the brand. As...
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A Rundown of the Bad News for J.C. Penney in Just the Past Week
Thursday, March 7, 2013 - 12:03pm | 481Last week, investors learned that, in 2012, J.C. Penney (NYSE: JCP) lost nearly $1 billion with sales dropping off by a staggering $4 billion. Over the past five trading days, JCP stock has lost 35 percent of its value with major shareholder and JCP board member, Steven Roth, of Vornado Realty...
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Earnings Expectations for the Week of February 27
Sunday, February 26, 2012 - 10:58am | 1080On the heels of last week's quarterly results from Walmart (NYSE: WMT), Home Depot (NYSE: HD), Macy's (NYSE: M) and many other retailers, this week will bring more earnings reports from shopping mall and strip mall standbys. Auto parts and accessories purveyor AutoZone (NYSE: AZO) is expected to...
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Seven Hot Retail Stocks
Sunday, February 19, 2012 - 10:07am | 1048Fourth-quarter retail earnings season kicked off last week with mixed results from Abercrombie & Fitch (NYSE: ANF) and Nordstrom (NYSE: JWN). Many more retailers will post their results this week and next, including Walmart (NYSE: WMT), Home Depot (NYSE: HD), Macy's (NYSE: M), Barnes &...
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Earnings Expectations for the Week of February 20
Sunday, February 19, 2012 - 9:46am | 1082The focus turns to earnings from retailers this week. Abercrombie & Fitch (NYSE: ANF) and Nordstrom (NYSE: JWN) kicked things off last week. The former posted lower earnings per share in line with estimates, while the latter narrowly beat EPS expectations but revenues fell short. Here is a look...