The third-quarter earnings season got off to a reasonably positive start for retailers, with department stores hoping colder weather heats up holiday sales, even as shoppers continue to prefer discounts and generally hold back …
The U.S. Postal Service’s annual loss more than doubled in fiscal 2010 compared to a year earlier as mail volume continues to slide while interest costs related to workers’ compensation climb.
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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. Pen…
Wendy’s/Arby’s Group (WEN) reported a net loss of $900,000 for the third quarter, compared with a profit of $14.7 million for the third quarter of 2009.
Revenues at the fast-food company dropped to $861.2 million for the quarter, compared with $903.2…
Profit fell 6.7% in Disney’s fourth quarter. The company saw lower revenues from its theme parks and cruise line, and changed the way it booked revenue at ESPN. Movie revenues, though, were a bright spot.
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