Starbucks has accelerated fiscal fourth-quarter same-store sales growth thanks to increasing demand for breakfast snacks and higher-priced coffee. That’s the conclusion of a UBS analyst, who raised his stock price-target on the…
Introducing a value-added tax would cost the American economy 850,000 jobs in its first year, according to the National Retail Federation.
Policymakers are considering a VAT as a possible way to reduce the federal deficit, which is currently at its highest as a share of GDP since World War II.
The new tax would be bad news for retailers across the country, as it would raise the…
Continue reading VAT Would Put 850,000 People Out of Work: Industry Group
VAT Would Put 850,000 People Out of Work: Industry Group originally appeared on DailyFinance on Thu, 14 Oct 2010 07:07:00.
Filed Under: Company News, Taxes, Retail
The Gran Turismo 5 video game will not be released on Nov. 2 as scheduled, Sony (SNE) said.
The video game will be made available during the holiday season, Sony said. The company said that Kazunori Yamouchi, the game’s creator, is “creating the perfect racing experience.”
The delay may frustrate some fans who have already spent as much as $100 to order the game, according to…
Continue reading Sony Delays Release of Gran Turismo 5
Sony Delays Release of Gran Turismo 5 originally appeared on DailyFinance on Thu, 14 Oct 2010 06:25:00.
Filed Under: Company News, Technology, Media, Sony, Retail
The mammoth retailer plans to increase the number of its smaller-format stores and trim down the SuperCenters in new markets. The goal: To boost sales, especially among the lower-income households it considers its base.
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Burberry reported 11% sales growth in its second quarter year-over-year Wednesday, but compared to the first quarter, that marked a slowdown for the luxury fashion powerhouse, and shares fell. Burberry also said it expects full…