Filed under: Wal-Mart (WMT), Best Buy (BBY), Costco Wholesale (COST), Economic data, RecessionElectronics giant Best Buy (NYSE: BBY) is not only suffering from the worst consumer holiday spending meltdown in years, but its beleaguered customer base is now fleeing to discount retailers like Wal-Mart (NYSE: WMT) and Costco (NASDAQ: COST). So it appears Best Buy is getting hit with a double whammy...
Results 1 - 10 of 151 for "WMT"
Circuit City Blows A Fuse… But Here’s Why Its Bankruptcy Doesn’t Spell Holiday Doom For Retailers
Wed, Nov 19, 1:29 PM ET
by Paul Moore, Contributing Editor & Technology Specialist, Smart Profits Report So China has become the latest country to pump up its laboring economy, with a whopping $585 billion stimulus package. Whether it works or not… time will tell. But Asian and European stocks picked up on the move on Monday, grasping onto whatever seemingly positive moves they can. Here in the U.S., the me...
Filed under: Consumer experience, Wal-Mart (WMT), Target Corp. (TGT), Best Buy (BBY), Sears Holdings (SHLD), Gap Inc (GPS), Abercrombie and Fitch (ANF)We all know that this Christmas is going to be particularly tough on retailers. Wal-Mart (NYSE: WMT), Target (NYSE: TGT), Sears (NASDAQ: SHLD), and Best Buy (NYSE: BBY), as well as hipper competitors Abercrombie & Fitch (NYSE: ANF) and Gap (N...
Filed under: Wal-Mart (WMT)There is an old phrase, "Doing well by doing good." Show the public what a nice guy you are and people will be more likely to do business with you. According to The New York Times, "Responding to the economic downturn, Wal-Mart Stores Inc. plans to give more than 90 million pounds of fresh food annually to the nation's largest nonprofit organization addressing hunger,...
BJ's Wholesale Club Inc. (NYSE: BJ) appears to be one of the few standouts in retail right now. How many companies are in retail are beating already-raised guidance and still raising forecasts ahead? The big box retailer posted earnings gains of about 24% with $0.48 EPS, and that is after a $0.01 Charge. The company had previously offered guidance of $0.45 to $0.49, and that was raised to $0.3...
Wal-Mart (WMT) will reportedly start selling the Apple (AAPL) iPhone in some of its stores and in some Sam’s Club stores on December 28, according to the blog Boy Genius Report. The same information is being reported this morning by analyst Jamie Townsend of research firm JRPG. The Boy Genius post says that “it looks like everyone is still in the dark with regards to pricing and we ...
According to Reuters, Toyota (TM) cut production and Nissan was downbeat about its prospects. Reuters reports that if a new CEO at Yahoo! (YHOO) wants to be well-regarded by shareholders, he or she must be willing to do a deal with Microsoft (MSFT). Reuters reports that oil is trading steady around $54. Reuters reports that Boeing (BA) is adding almost three months to the delivery dates of many...
Wal-Mart's (WMT) earnings report last week marked the unofficial end to the third quarter reporting period. Of the more than 2,100 US stocks that reported during earnings season, 57% beat analyst estimates. As shown below, this is the lowest reading since Q4 '01, but it is still well above the lowest levels seen during the '00 to '02 bear market.
Filed under: Deals, Bad newsAfter a meteoric rise followed by a swift decent into bankruptcy, Steve & Barry's caught a lifeline when Bay Harbour Management LLC agreed to purchase the company's assets back in August. Bay Harbour hoped to keep 150 of the company's 276 store open. But the sagging economy appears to have dashed those plans.The Wall Street Journal reports (subscription required)...
If everything seems like it is moving in the same direction at the same time, it is. Bad times often find normally disparate assets trading in a similar way, as investors move into the safety of cash and away from the likes of stocks, emerging-market bonds, and other assets. That there has been an increase in the correlation of seemingly non-related assets is not a surprise. What is notable, ho...