Latest news on ‘Retail & Services’
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Profit Up 17%, Target Comes In As Forecast
Target met analyst expectations with its fiscal second quarter earnings announcement today. Earnings totaled $679 million, or $0.92 per share,, compared to $594 million, or $0.79 per share, in the [...]
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Wal-Mart Profit Rises But Comp Sales Drop Again
NEW YORK (Dow Jones)–Wal-Mart Stores Inc.’s (WMT) fiscal second-quarter earnings rose 3.6% on continued international strength, but U.S. operations remain a drag on results.
Bill Simon, head of Wal-Mart’s U.S. business, [...] -
Wholesale inventories up in June but sales drop
WASHINGTON (AP) — Inventories at the wholesale level edged up slightly in June but sales fell by the largest amount in 15 months.
Wholesale inventories rose 0.1 percent in June, the [...] -
Tightfisted Consumers Open Wallets At Family Dollar
Retailer beats third-quarter estimates despite rocky economy, but trims guidance.
Value chains like Family Dollar, Dollar General and 99 Cents Only Stores are seeing the benefits of offering low-cost products during [...] -
FedEx A Good Buy Despite Quarterly Numbers– CNBC (FDX)
FedEx (NYSE: FDX) showed disappointing quarterly earnings numbers. However, contrarian analysts think that the stock is a good buy.
In an interview with CNBC, Don Broughton, analyst with Avondale Partners said, “We are impressed with the [...] -
Commentary: Retail data put double-dip recession back on table
Where are the big spenders, now that we really need them?
The unexpected decline in May’s retail sales has many economists questioning the strength and durability of the nascent recovery.
This was [...] -
Best Buy’s Profit Rises Less Than Analysts Estimate
(Bloomberg) – Best Buy Co., the world’s largest consumer-electronics retailer, reported first-quarter profit that rose less than analysts projected as some U.S. shoppers bought fewer games and movies. The shares [...]
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Retail sales drop 1.2 percent in May
WASHINGTON (AP) — Retail sales plunged in May by the largest amount in eight months as consumers slashed spending on everything from cars to clothing. The big drop raises new [...]
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McDonald’s to recall 12 million ‘Shrek’ glasses
CHICAGO (MarketWatch) – McDonald’s Corp. will voluntarily recall 12 million collectible drinking glasses themed after the movie character Shrek because the painted design on the glasses contains cadmium, the Consumer [...]
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Trade group says service sector grows in May
WASHINGTON (AP) — The U.S. service sector expanded in May for the fifth consecutive month, suggesting the economy will add more jobs and strengthen.
The Institute for Supply Management, a trade [...]
