Retail Archive

McDonald’s Net Up 1.4%, U.S. Business Rebounds

  McDonald’s Corp.’s (MCD) fourth-quarter profit rose 1.4% as the company’s U.S. sales trends rebounded and its profitability improved, though business in Europe and Japan continued to lag. McDonald’s, the world’s largest fast-food chain, has seen its quick fixes for the U.S. business prove successful. It recently went back to advertising its

U.S. Retail Sales Climb in Dec.; N.Y. Manufacturing Falls

 U.S. retail sales rose more than expected in December as holiday shoppers appeared to shrug off fiscal-cliff worries, though future gains could be limited as workers’ paychecks are set to shrink. Retail and food-service sales increased 0.5% in the final month of 2012 to a seasonally adjusted $415.70 billion, the Commerce Department

Wal-Mart Net Rises 5.7% on Strong International Sales

Wal-Mart Stores Inc.’s (WMT) fiscal second-quarter earnings rose 5.7% on strong international sales and same-store-sales growth in the U.S., but the retailer continues to see tough economic conditions. Wal-Mart also raised and narrowed its estimate for full-year earnings from continuing operations to between $4.83 and $4.93 a share from its February forecast

Sector Watch: Good, Bad & Ugly

Education: Good sectorShares of ITT Educational Services Inc (ESI) lifted educational stocks on Thursday after the company reported fourth-quarter earnings of $1.61 a share on revenue of $279.8 million, above Wall St estimates of $1.44 a share and $270.7 million in revenue. Shares rose nearly 11 percent to $126,73. Fellow education provider

Let Your Profits Run

On Friday I played J. Crew Group, Inc. (JCG) on the long side. J.Crew Group is an apparel and accessories brand that embraces a standard of style, craftsmanship, quality and customer service. JCG reported first quarter earnings of $0.48 per share, $0.01 better than the First Call consensus estimate. Revenues rose 14.6%

Why Am I Playing Lousy Retailer

Pacific Sunwear of California, Inc. (PSUN) is a specialty retailer focused on action-sport inspired casual apparel, accessories and footwear designed to meet the needs of active teens and young adults. I am playing PSUN, purely on technicals. PSUN formed a bottom during the month of Jan 08 at $8.87. After a lousy

Nouriel Roubini Break Up

Nouriel Roubini Professor of Economics at New York University’s Stern School of Business, breaks it up for us as to how ugly it is out there. Initial claims for unemployment benefits now at their recession level signaling the beginning of a serious slack in the labor market. Durable goods order falling –

Consumer Spending Up, But Is It Good Or Bad

Consumer spending is closely watched because it accounts for two-thirds of total economic activity. Consumers put aside worries about slumping home sales and soaring gasoline prices and headed to the malls in November, pushing spending up by the largest amount in 3 1/2 years. Consumer spending surged by 1.1% last month, nearly

Why Its Time To Be A Bear

Financials SlideGoldman Sachs Group (GS). on Tuesday gave a cautious outlook for Wall Street in 2008 because of the ongoing credit crisis, even as the world’s largest investment bank chalked up another record-breaking year. During Q4, Goldman’s $3.17 billion profit was fueled by higher investment banking fees, one-time asset sales, and surprisingly

Sector Overlook: Food Retail Sub-Industry

Analysts and experts believe that food retailers have developed strategies focusing on differentiating themselves from competitors through diverse products and services rather than low prices. The low prices is going to hurt the industry and make it unsustainable for most. By providing niche products and services food retailers have avoided a price