Retailers Try to Replicate Walmart's Pricing Success
Big chains like J.C. Penney and Lowe's are trying to wean sale-addicted customers off of sales in favor of everyday low pricing. It's the biggest shift in pricing in decades.
Loews
What to Watch This Week: Retailers Report; Disney's Day
Let's go over some of the items that will help shape the Wall Street week that lies ahead: A host of retailers are reporting earnings; we'll see how Disney's 24 Leap Day event plays out; a test for homemade soda; and a wake-up call for DreamWorks.
What to Watch This Week: New Tablets, Old Retailers
There's never a dull moment on Wall Street, especially when new tablets and old banks are in the way. Let's go over some of the items that will help shape the week ahead: The Kindle Fire, the Nook Tablet, and earnings reports from Sears, Gap, Hot Topic, Lowes Home Depot and Staples.
Lowe's to Close 20 Stores, Cut 1,950 Jobs
Home-improvement retailer Lowe's says it will close 20 underperforming stores in 15 states and cut 1,950 jobs in a move that it says will allow it to focus on more profitable locations. Ten locations were closed Sunday; the other 10 will close in a month.
Lowe's Earnings Rise 2.7%
Lowe's Cos. says its first-quarter net income rose 2.7 percent as people spent more money on home-improvement projects and bought more big ticket items.
Daily Blogwatch: Is the Future of TV...TV?
Among Wednesday's best stories for investors are: why does Yahoo CEO fire people in the mornings and what's ahead for Dendreon after FDA approval of its cancer drug?
Home Depot Returns to Profit, but 2010 Growth Still Looks Iffy
Home Depot showed its first quarterly profit growth in more than three years and announced it will hike dividends. But executives also issued a conservative outlook for the year, saying housing is not out of the woods yet.
Lowe's Profit Jumps 27% on Cost Cuts
Lowe's Cos. says costs cuts and a modest sales gain helped its fourth-quarter profit rise 27 percent. The No. 2 home-improvement company also says it expects sales to rise as the housing market recovers. But its first-quarter earnings outlook fell short of analyst expectations.
Blogger's Dumb Luck Stock Index Ranks in Top 1%
The index that DailyFinance's Daniel Solin created based on stocks that started with the letters in his last name would have ranked among the top 1% of mutual funds, if it existed. The message: Don't trust investing pros who confuse skill with luck. Index mutual funds are still your best bet.
Can New Index Beat a Chimp's Stock Picks?
Lusha the Russian chimp's stock picks have outperformed 94% of the country's investment funds. Inspired by Lusha, DailyFinance's Daniel Solin has created a stock index based on the letters of his last name. We'll track it to see if it beats expert fund manager portfolios.
