Tag: retail stocks
Will Amazon’s Stock Follow Black Friday’s Strong Results?
by Peter Cohan on Nov.29, 2010, under Towing
On Wall Street, the retail sales figures that count aren’t absolute numbers. Investors act based on how those numbers compare to what was expected, and in the case of Black Friday Internet sales, reality beat the predictions. That’s good news for Amazon.
Continue reading Will Amazon’s Stock Follow Black Friday’s Strong Results?
Will Amazon’s Stock Follow Black Friday’s Strong Results? originally appeared on DailyFinance on Mon, 29 Nov 2010 09:05:00.
Filed Under: Company News, Wal-Mart Stores, Amazon.com, Retail, Stocks in the News
Walmart Bids for 51% Stake in South African Retailer
by Hugh Collins on Nov.29, 2010, under Towing
Walmart (WMT) made an offer for 51% of the shares in South African retailer Massmart Holdings for 148 rand ($20.75) per share.
The offer represents a 19.2% premium over the 30-day weighted average price on Sept. 23, Walmart said in a statement. Sept. 23 was the final trading day before Walmart announced its initial offer.
“We continue to be excited by the opportunity to invest in…
Continue reading Walmart Bids for 51% Stake in South African Retailer
Walmart Bids for 51% Stake in South African Retailer originally appeared on DailyFinance on Mon, 29 Nov 2010 06:24:00.
Filed Under: Company News, Wal-Mart Stores, Retail, Stocks in the News
Face-Off on Stocks: Macy’s, J.C. Penney, Kohl’s [Video]
by Dan Burrows on Nov.16, 2010, under Towing
The nation’s three biggest department-store operators have been disproportionately pinched by the downturn in consumer spending. That’s what happens when you’re stuck in the middle of the retail-price spectrum during a period of sagging home values and lofty unemployment. [Video]
Continue reading Face-Off on Stocks: Macy’s, J.C. Penney, Kohl’s [Video]
Face-Off on Stocks: Macy’s, J.C. Penney, Kohl’s [Video] originally appeared on DailyFinance on Tue, 16 Nov 2010 17:50:00.
Filed Under: Investing, JC Penney, Macy’s, Stock Picks, Retail, Video, Stocks in the News, Market News, Streetwise
Walmart Earnings Meet Estimates, but Revenue Disappoints
by Melly Alazraki on Nov.16, 2010, under Towing
The giant retailer’s profits grew 9% in the third quarter to $3.4 billion. However, revenue disappointed analysts, mainly due to a small sales decline at Walmart U.S. operations. Still, the company raised its future earnings guidance.
Continue reading Walmart Earnings Meet Estimates, but Revenue Disappoints
Walmart Earnings Meet Estimates, but Revenue Disappoints originally appeared on DailyFinance on Tue, 16 Nov 2010 08:30:00.
Filed Under: Company News, Investing, Earnings, Wal-Mart Stores, Retail, Stocks in the News
J.C. Penney Reports Third Quarter Earnings of 19 Cents Per Share
by Hugh Collins on Nov.12, 2010, under Towing
Department store operator J.C. Penney (JCP) reported third-quarter earnings of 19 cents per share, compared with 11 cents per share a year earlier.
Net sales rose 0.2% to $4.2 billion, while sales at stores open at least on year gained 1.9%, J.C. Penney said in a statement. The discontinuation of the company’s Big Book catalogs impacted net sales, the company said.
“We have seen clear signs of…
Continue reading J.C. Penney Reports Third Quarter Earnings of 19 Cents Per Share
J.C. Penney Reports Third Quarter Earnings of 19 Cents Per Share originally appeared on DailyFinance on Fri, 12 Nov 2010 08:32:00.
Filed Under: Company News, Earnings, JC Penney, Retail
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