This was originally posted on 5/16 The Street was braced for a negative same-store sales out of Wal-Mart (WMT), but not quite 1.4% negative. As I discussed in my Tuesday piece, the blame game marched across the press release — weather, payroll tax — but the company threw in another addition: inflation. Well, specifically, the …
Category Archive: Blog
May
07
Lauryn Hill Has to Pay Tax and So Do Internet Retailers
Just when you thought showrooming was here to stay, the Senate throws brick-and-mortar retailers a lifeline. For many physical retailers including Best Buy, a national Internet sales tax may signal the early arrival of Christmas. The potential collapse of the pricing advantage for online-only retailers may help brick-and-mortar models avoid a Circuit City fate. It …
May
02
London Sends Real Crown Jewel (Hailo) to NYC
London Sends Real Crown Jewel to NYC:Hailo I am a New Yorker so when I started spending time in London I wasn’t going down easy. Forget a bagel and coffee delivered to your doorstep and don’t get me started on the pizza (think bread with ketchup and some corn on it) And if you haven’t …
Apr
17
Retail Sales;Let the Blame Game Begin
Published 4/12/2013 March retail sales came in at a disappointing -0.4%, the slowest level in nine months. There are so many places to point a finger, it is hard to choose any one. Thursday, we were reminded (by the few retailers still reporting monthly sales) that the Easter calendar shift was one culprit. The holiday …
Apr
17
JCP: Elvis Has Left the Building
Published on 4/8/2013 Elvis has officially left the building. After much recent speculation about how much longer CEO Ron Johnson would last with J.C. Penney (JCP) the market received the zinger press release after Monday’s close: Ron is out. The market cheered, but then the reality check set in. Mike Ullman, the former leader of …
Wall Street Journal Retail News
- SAC Executives Subpoenaed May 24, 2013The government issued subpoenas to four senior executives of SAC Capital Advisors who are part of Steven A. Cohen's inner circle, including the firm's president and chief compliance officer. […]
- Dish Secures $9 Billion in Financing for Sprint Bid May 24, 2013Dish signed commitment letters for about $9 billion in financing for its $25.5 billion bid for Sprint Nextel. […]
- Sears Swings to Loss After Year-Ago Asset Sales Gains May 24, 2013Sears swung to a fiscal first-quarter loss from a profit a year earlier, when the retailer booked a large gain on asset sales. Revenue and margins also weakened in the latest period. […]
- UBS to Meet Activist Investor May 24, 2013An activist investor pushing for a breakup of UBS will meet with a top executive of the Swiss bank next week, according to a person familiar with the situation, providing a chance to pitch the financial giant on the idea of shedding its investment bank. […]
- New-Home Prices at High; Builders Cap Supply May 24, 2013Home buyers are paying more for newly built homes than they ever have, as U.S. home builders continue pushing up prices and limiting the number of properties hitting the market. […]
NY Times Retail News
- Gap Posts 43% Profit Gain, Reflecting Turnaround Effort May 24, 2013
- Sears Holdings Posts Larger-Than-Expected Quarterly Loss May 24, 2013
- Wine Racks May 23, 2013
- Scouting Report May 23, 2013
- Wal-Mart Hires Former Bush Aide as Chief Image Maker May 23, 2013
- Tiny Mall Kiosks Make a Surprisingly Big Impact May 23, 2013
- Relaxing Into Masculinity May 23, 2013
- Sales at Natuzzi’s, DwellStudio and Others May 23, 2013
- IHT Quick Read: May 20 May 20, 2013
- Is It Time to Bag the Plastic? May 19, 2013
CNBC Retail News
- Japan: Nikkei Plunge Won't Derail Abenomics May 24, 2013
- P&G Brings Back Lafley to Replace CEO May 23, 2013
- Boy Scouts to Admit Gay Youth May 23, 2013
- Pandora Shares Jump After Revenue Beat May 23, 2013
- Shakeup at Embroiled IRS Unit May 23, 2013
Fox Business Retail News
- Legal Marijuana can Still Spell Trouble for Drivers May 23, 2013
- Mercedes dealer review opens home front in luxury war May 22, 2013
- Microsoft Reveals New Xbox Console May 21, 2013
- Burberry Back to Growth as China Recovers May 21, 2013
- Apple Chief Tim Cook Takes on the Senate May 20, 2013
CNN Retail News
- Apple, Android and a truckload of watermelons
- Ashton Kutcher: 'Media @&$#%! Twitter up'
- Can Microsoft's Kinect finally deliver for gamers?
- Jon Stewart on Tim Cook, Apple's taxes, and the subcommittee
- 6 things you don't know about the Xbox One. (Really)
- PayPal is bullish on Bitcoin
- The iPad is getting a major upgrade
- Twitter bumps up log-in security after hacks
- Amazon's "Kindle Worlds" lets fan fiction writers sell their stories
- Inside Amazon's tax fight
Retailing Today
- Veterans group receives $1m from Walmart Foundation May 23, 2013
- Sam’s Club locations open to non-members in Central Okla. May 23, 2013
- Walmart deploys initiative to hire veterans May 23, 2013
- Memorial Day 2013 May 23, 2013
- Campbell acquires Plum Organics May 23, 2013
Baaron’s
- U.S. Debt Pollyannas Due for Rude AwakeningCBO's most plausible projection puts national debt at 83% of GDP by 2023. A look at the mythology of Medicare-fee cuts and tax-break expirations. […]
- Unimpressed Forecasters; How I Got My JobThe Blue Chip consensus opinion points to 2.3% real GDP growth this year and 2.8% in 2014. And, how Alan Abelson made me a columnist. […]
- No Real Shadow on JobsThe media find surprises and shadows in monthly employment reports, but growth has been merely mediocre, though not weak. And language sloppiness puts a wrong label on the Social Security "trust fund." […]
- The Private Sector Must Step on the GasInflation-adjusted GDP rose at an annual rate of 2.5% in the first quarter, weaker than the consensus estimate. […]
- The Right Way to Cut EntitlementsMeans-testing is the ticket, not reliance on a different version of the consumer price index, as the Obama-Boehner plan suggests. […]
