Brad's Feed
Nov 25, 2012

U.S. holiday shoppers buy early, often, online

CHICAGO, Nov 25 (Reuters) – U.S. shoppers went to stores
earlier and bought online more than before this Thanksgiving
weekend, giving retailers a strong start to the holiday shopping
season, data showed on Sunday.

Likely beneficiaries included retailers that have done a
better job of combining their physical stores with their online
and mobile channels into a seamless shopping experience,
analysts said, mentioning the likes of Wal-Mart Stores Inc
and Macy’s Inc.

Nov 22, 2012

US holiday shopping marathon starts as consumer sentiment shaky

Nov 22 (Reuters) – Add this to the list of things some
people are thankful for: stores open on Thanksgiving Day. That’s
how Janet Guerrero, 24, felt when shopping Thursday afternoon at
a Wal-Mart in Westbury, Long Island, because she had nothing to
wear to dinner. “It’s an emergency,” she said.

This year, Target Corp has joined Wal-Mart
and Gap Inc in being open at least part of the day, and
some retailers will be open throughout the day, a trend that
began to take hold in 2011.

Nov 22, 2012

Holiday shopping marathon starts as consumer sentiment shaky

By Brad Dorfman

(Reuters) – Forget that Turkey trot. Thanksgiving is now the start of the annual U.S. holiday shopping endurance race, as more stores open on Thursday’s national holiday to seek a bigger share of spending that is expected to grow slowly this season.

Target Corp has joined Wal-Mart and Gap Inc in being open at least part of the day, and some retailers will be open throughout the day, a trend that began to take hold in 2011.

Nov 21, 2012

NLRB unlikely to act on Walmart pickets by Thanksgiving

By Brad Dorfman

(Reuters) – The National Labor Relations Board said it is unlikely to make any decision before Thursday’s Thanksgiving Holiday on Wal-Mart Stores Inc’s (WMT.N: Quote, Profile, Research, Stock Buzz) push to stop protests and rallies outside its stores, the U.S. labor board said on Tuesday.

At the same time, OUR Walmart, the organization that has been staging the protests filed its own charge with the NLRB, saying Wal-Mart was illegally attempting to deter workers from participating in strikes against the world’s largest retailer on Friday.

Nov 15, 2012

Wal-Mart sales miss Wall Street view, shares down

By Brad Dorfman

(Reuters) – Wal-Mart Stores Inc reported quarterly sales below analysts’ expectations on Thursday, while sales at established U.S. discount stores trailed Wall Street estimates and traffic fell in China.

The company also saw sales in Japan sag as the economy weakened.

“Across all of our markets, we are seeing the same price consciousness as we do in the United States,” Chief Executive Mike Duke said in a statement.

Oct 10, 2012
Oct 10, 2012

Costco profit rises on higher membership fees

Oct 10 (Reuters) – Costco Wholesale Corp posted a
higher-than-expected quarterly profit on Wednesday after the
U.S. warehouse retailer raised membership fees.

Costco, which has millions of members who pay annual fees to
shop at its giant stores, earned $609 million, or $1.39 per
share in the fiscal fourth quarter ended Sept. 2, compared with
$478 million, or $1.08 per share, a year earlier.

Oct 10, 2012

Costco profit rises on higher membership fees

Oct 10 (Reuters) – Costco Wholesale Corp posted a
higher-than-expected quarterly profit on Wednesday after the
U.S. warehouse retailer raised membership fees.

Costco, which has millions of members who pay annual fees to
shop at its giant stores, earned $609 million, or $1.39 per
share in the fiscal fourth quarter ended Sept. 2, compared with
$478 million, or $1.08 per share, a year earlier.

Oct 5, 2012
Oct 5, 2012