Best Buy Reports 1Q Loss on Restructuring Costs
Best Buy reported weaker-than-expected quarterly sales Tuesday and warned that a slew of investments to win back shoppers could squeeze profits in the near term.
same store sales
Housing Recovery Boosts Home Depot's 1Q Profit
Even though the weather was poor, Home Depot posted an 18 percent increase in its net income for the first quarter thanks to the ongoing housing recovery.
Macy's Quarterly Profit Rises Along with Same-Store Sales
Macy's reported higher first-quarter profit and sales despite cool weather in much of the country that delayed spring shopping for many customers.
Sales Fall at 'Broken' McDonald's
Sales have once again dipped at McDonald's, which is dealing with customer-service issues and economic headwinds.
U.S. Retailers Report Modest Bump in March Sales
Retailers report a key revenue figure rose slightly in March, as shoppers held back on spending because of the cold weather across the nation and economic worries.
Is Chipotle Losing its Sizzle?
Chipotle Mexican Grill, the country's favorite quick-service chain, posted its quarterly results on Tuesday, and as respectable as its revenue growth might appear, there are some unappetizing trends hiding at the bottom of its bowl.
Has McDonald's Menu Gotten Too Expensive?
McDonald's in October suffered its first monthly decline in comparable-store sales since 2003 -- and October is usually a good month for the burger giant. So what did Ronald do wrong? Too much focus on premium menu items, too little on what its customers really want: Low cost eats.
Wall Street Watch Thursday: Goodbye Ruby Tuesday
Ruby Tuesday posted distinctly uninspiring quarterly results after Wednesday's market close. So is it time for investors to leave behind this stagnant casual dining concept?
Wall Street Watch Wednesday: Yum Brands Is Delicious
Things are getting tastier at Yum! Brands. The company behind Taco Bell, Pizza Hut, and KFC posted strong quarterly results after Tuesday's market close.
From Supersized to Super-Sighs: Is McDonald's Growth Era Over?
McDonald's is showing signs of tarnish on the Golden Arches. Goldman Sachs downgraded its shares due to a slowdown in growth. And with challenges overseas and resurgent competition everywhere, things are unlikely to turn around anytime soon for the world's largest restaurant chain.
Retailers Shouldn't Expect Much Holiday Cheer
The holiday shopping season is looking pretty bleak for retailers. Best Buy recently announced that it plans to hire fewer holiday workers than it did last year, and now new data from the consumer research group NPD suggests that Best Buy won't be the only chain stuck in a holiday sales rut.
Retailers Prepare for Rising Prices in a Down Economy
Retailers forecast that 2011 will be a year spent dealing with inflation, expanding stores and trying to wean shoppers off their markdown habit. Faced with rising costs that are pushing their prices higher, merchants say they have to focus on growing sales, regardless of the economic pressures.
Wendy's/Arby's Group Considers Spinning Off Arby's
Wendy's/Arby's Group, the third-largest U.S. fast food company, said Thursday it is considering selling the Arby's chain to focus on the Wendy's brand. Arby's is the second-largest quick-service sandwich chain in the U.S., but its performance lagged behind Wendy's during the downturn.
Gymboree Hires Goldman Sachs to Auction Itself Off
After seeing interest from potential buyers, children's clothing retailer Gymboree has hired Goldman Sachs to auction itself off, and more private-equity firms have already stepped in to say they want to play. Gymboree executives are reportedly looking for price of $55 to $60 a share.
Retail Sales Suffer in the Intense July Heat
The weather was hot in July, but consumers went cold, leading to disappointing retail sales that came in below or at the low end of most forecasts. The high temperatures may have been one culprit, helping boost sales of marked-down summer clearance items.