Barnes & Noble: We're Sticking With Nook
Barnes and Noble (BKS) insisted this morning that it's sticking with its troubled Nook tablet despite falling sales that are hurting its bottom line.
Barnes and Noble (BKS) insisted this morning that it's sticking with its troubled Nook tablet despite falling sales that are hurting its bottom line.
Now more than ever, there's never a dull moment on Wall Street. Next week will bring plenty of critical headlines, from a panoply of retail earnings reports to Pandora's first results as a public company. Read on for a complete preview of the news to come.
After a three-year search, Lou D'Ambrosio, a former technology executive, has been tapped to lead the struggling retailer.
Many of America's best-known retailers, including Walmart, Home Depot and JCPenney, will be stepping into the earnings spotlight this week. Their reports come on the heels of disappointing January retail sales numbers from the Commerce Department.
After a holiday season that marked a return to some form of normalcy, merchants are bracing for a year of mild sales growth and more stable operations. Whether that momentum holds is an open question, given the state of the housing and job markets.
Dell will highlight a handful of tech company results this week. Also reporting earnings will be food giants Smucker and Campbell Soup, also Marriott and other members of the lodging and hospitality industry, and the first of a long string of results from retailers.
Department store operator Macy's reported a third-quarter profit, with earnings topping Wall Street expectations due in part to a move toward tailored local offerings and the return of upscale customers to its Bloomingdale's stores. Macy's said it earned $10 million, compared to a loss of $35 million in the same period last year.
The first of the major retailers will report quarterly earnings this week. Analysts expect to see strong results from Macy's and Penney, but flat earnings from Kohl's. Agilent may be one of this week's biggest earnings gainers.
After a stronger-than-expected spring, summer doldrums have hit harder than usual. Merchants' second-quarter reports and a slow economic recovery means retailers have to work hard to boost sales for the year.










