Aug 20 2012 @ 14:27
Hoping to revive its flagging business, consumer electronics retailer Best Buy Co. Inc. (
NYSE:BBY) has appointed Hubert Joly as its new CEO. Before accepting BBY’s offer, Joly was serving as CEO at hospitality and restaurant company Carlson.
Aug 20 2012 @ 10:39
Home improvement retailer, Lowe’s Companies Inc.’s (
NYSE:LOW) stock slumped 8% in pre-market trading on Monday following the release of weaker-than-expected second-quarter results.
Aug 17 2012 @ 09:36
Clothing retailer Gap Inc. (
NYSE:GAP) posted stronger-than-expected earnings and sales in its fiscal second quarter as the demand for its products continued to climb from its established North American stores.
Aug 17 2012 @ 09:35
Marvell Technology Group Ltd. (
NASDAQ:MRVL) stock fell sharply in premarket trading on Friday following the release of the company’s fiscal second-quarter earnings which showed a 52% decline in earnings owing to continued weakness in demand for its bread-and-butter products. MRVL’s earnings have now dropped for six straight quarters.
Aug 16 2012 @ 10:04
World’s largest retail chain, Wal-Mart Stores Inc. (
NYSE:WMT) posted better-than-expected second-quarter earnings but warned that full-year earnings could fall short of analysts’ estimations as consumers are still unwilling to spend amid economic slowdown.
Aug 16 2012 @ 09:58
Sears Holdings Corp. (
NASDAQ:SHLD) stock edged higher on Thursday as the retailer narrowed its losses in the second quarter, thanks to lower expenses which helped offsetting flagging sales.
Aug 15 2012 @ 10:10
Teenage apparel maker, Abercrombie & Fitch Co. (
NYSE:ANF) reported on Wednesday that its fiscal second-quarter earnings fell by 52% as it grappled with unexpectedly weak sales trends, particularly, in the international markets.
Aug 15 2012 @ 10:08
It has been very bumpy ride for the social networking website Facebook Inc. (
NASDAQ:FB) ever since it started to trade publicly from May 18. Slowing growth of new users, falling advertising revenues and concerns over lower revenue generation per user has battered Facebook stock, which is now down almost 50% from their IPO price of […]
Aug 14 2012 @ 09:50
World’s biggest home improvement chain, Home Depot (
NYSE:HD) reported better-than-expected fiscal second-quarter earnings on Tuesday as sluggish sales were overcome by company’s ongoing cost cutting drive.
Aug 14 2012 @ 09:49
In an effort to restructure its struggling businesses, world’s biggest cargo shipper in terms of revenue, FedEx Corp. (
NYSE:FDX) announced on Monday that it will offer a voluntary buyout to an unspecified number of its workforce.
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