This author has not written his bio yet.
But we are proud to say that jlong contributed 1943 entries already.
“Top 10 Things Heard on the Lowe’s Earnings Call” Robert Niblock (CEO) 1) Comparable sales for the quarter were positive 9.6%, driven by a healthy balance of ticket and transaction growth. As expected, we recovered most of the outdoor sales we missed in the first quarter from unfavorable weather conditions. 2) We expect the […]
“Lowe’s Comp Sales Climb 9.6%” at Seeking Alpha. ” Lowes today reported net earnings of $941 million for the quarter ended August 2, 2013, a 26.0 percent increase over the same period a year ago…Sales for the quarter increased 10.3 percent to $15.7 billion from $14.2 billion in the second quarter of 2012, and comparable […]
“Home Depot US Same-Store Sales Jump 11.4% in Q2” “The Home Depot today reported sales of $22.5 billion for the second quarter of fiscal 2013. On a like for like basis, comparable store sales for the second quarter of fiscal 2013 were positive 10.7 percent, and comp sales for U.S. stores were positive […]
The Week Ahead: Retailers set to Release Earnings: Tue: Home Depot, Best Buy Wed: Lowe’s, Target Thur: Sears Read more “Trader Joe’s Sues Man for Reselling Products in Canada” by Patricia Yollin at San Fran Chronicle. “Michael Hallatt has spent more than $350,000 at Trader Joe’s in less than two years. But the […]
“AmazonFresh is Jeff Bezos’ Last Mile Quest for Total Retail Domination” by J.J. McCorvey at Fast Company. “By expanding grocery delivery, Amazon hopes to transform monthly customers to weekly–or even thrice-weekly–customers. And that, in turn, will produce the kind of order volume that makes same-day delivery worth investing in. “Think of the synergy between […]
“Wal-Mart U.S. same-store sales slip 0.3 percent” at Reuters. “Wal-Mart Stores Inc posted disappointing quarterly U.S. sales on Thursday as shoppers pinched by higher payroll taxes and gas prices made fewer trips to its stores. Same-store sales at Walmart U.S, the company’s biggest unit, fell 0.3 percent. Wall Street analysts were expecting a 1 […]
“Walgreens & drugstores expand into brow waxing, beer on tap” by Tom Murphy at AP via Seattle Times. “At some Walgreen stores, there are health clinics staffed by nurse practitioners, cafes that sell barista-prepared coffee and Eyebrow Bars where professionals groom unruly facial hair. Oh, and pharmacists fill prescriptions, too. The nation’s major drugstore […]
“Will Dollar General Buy Family Dollar?” at Charlotte Observer. “A deal for Dollar General buying Family Dollar would make “compelling strategic sense,” said a Credit Suisse analyst last week. Tennessee-based Dollar General could pay between $90 and $100 a share for Family Dollar, a significant premium to its $71.XX closing price on Friday. And […]