Retail
| 5:00PM 11/01/2012
Starbucks Corp. (NASDAQ: SBUX) is surging after its earnings report as traffic rose for the coffee giant. Sales rose a sharp 6% for its same-store sales. The earnings reported by Starbucks came in at $359 million, or $0.46 per share. The results look unimpressive on the surface is you just compare...
| 11:40AM 11/01/2012
When Ron Johnson took over as CEO of JCPenney in January, his mantra was "no more coupons." But since the retailer switched to a model of everyday low prices without constant promotions, comparable-store sales have fallen 20 percent, and JCPenney has started to backtrack.
| 9:44AM 11/01/2012
Several retailers are announcing October same-store sales today, and the reports are generally good. Research firm Retail Metrics projects an overall gain of 4.6% for the month, excluding the impact of drug store sales. That represents a rise of 0.7% compared with the 3.9% same-store sales increase...
| 7:50AM 11/01/2012
Costco Wholesale Corp. (NASDAQ: COST) this morning reported a better-than-expected rise in October same-store sales, due in part to higher gasoline prices and a weak dollar.
The company said its net sales in October increased 9% year-over-year to $7.67 billion.
Same-store sales, or those sales at...
| 2:14PM 10/31/2012
Halloween, the holiday of "boos" and spooky spirits, is also one of the most popular for booze and tasty spirits: The period around Halloween is the second only to the Super Bowl for alcohol sales in the U.S.
| 6:50AM 10/31/2012
Which industries benefited from Hurricane Sandy? Very few, one has to suppose. But among those must be e-commerce, which means another victory for Amazon.com Inc. (NASDAQ: AMZN), even if it was not entirely earned.
With almost every major store, and all the minor ones, closed across much of the...
| 11:50AM 10/30/2012
Package delivery giant United Parcel Service Inc. (NYSE: UPS) said yesterday that it plans to hire 55,000 seasonal workers to sort, load, and help deliver packages during the coming holiday season. The total matches the number that UPS hired last year and that the company had been expected to hire...