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Saks Reports Narrower Q2 Loss, Revenue Rose 15.5% YoY (SKS)

Stephen I. Sadove, Chairman and Chief Executive Officer of the Company, noted, "Through the second quarter, our customers remained confident and continued to respond to our differentiated merchandise, service initiatives, and crea

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Saks Incorporated (NYSE:SKS) reported Q2 loss of $0.05 versus a year ago loss of $0.21. Revenues rose 15.5% year-over-year to $670 million, better than consensus estimates of $663.84 million.

By FNNO Staff
fnnonline@gmail.com

Hershey Said It Raised Wholesale Prices By 9.7%

The company said the price increase takes effect immediately. However, consumers may not see the impact on store shelves right away. Many retailers will be able to buy products at the old prices for about 8 weeks.

Hershey said that it expects most of the financial benefit from the increases to be reflected in its 2012 results. The decision comes just weeks ahead of Easter, one of the most popular candy consumption holidays.

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Hershey (NYSE:HSY) said it raised wholesale prices by 9.7% due to fuel, raw materials and transportation costs.

By FNNO Staff
fnnonline@gmail.com

RadioShack up Fractionally, Starts Selling iPad 2

Published on Tue, 03/29/2011 - 13:57
By FNNO Staff in General Interest, AAPL, RSH, aapl, apple, device, electronics, ipad 2, market, merchandise, radioshack, rsh, sale, sell, store, tablet, tech, web, News Update

Participating stores are indicated on RadioShack's Web site, confirming market rumor regarding the new merchandise.

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RadioShack Corp. (RSH) is up 0.40% to $15.07 at last look, on news that it started selling Apple Inc.'s (AAPL) iPad 2 tablet computer.

By FNNO Staff
fnnonline@gmail.com

Whole Foods Adding Bar Concept to Stores in Some Markets

Published on Mon, 03/28/2011 - 08:46
By FNNO Staff in General Interest, WFMI, alcohol, bars, beer, food, grocery, liquor, markets, shopping, store, trade, wfmi, whole foods, News Update

WFMI is seeing a wide bid/ask gap so far in pre-market trading.

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A USA Today report Monday says Whole Foods Markets (WFMI) will open in-store bars, serving craft beers and other products, in certain markets.

By FNNO Staff
fnnonline@gmail.com

Tiffany & Co Reports Strong Q4 Results, Revenue up 12% YoY

Comparable store sales increased 9% compared to the year ago period.

Michael J. Kowalski, chairman and CEO, said, "These strong fourth quarter sales, which were better than the holiday results we had previously reported, were the culmination of an excellent year of strong earnings growth for Tiffan

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Tiffany & Co. (NYSE:TIF) reported Q4 EPS of $1.41, ahead of the consensus estimate for $1.39 per share. Revenue for the quarter was up 12% year-over-year to $1.1 billion, in-line with analysts' consensus estimate.

By FNNO Staff
fnnonline@gmail.com

eBay expands free listings, reduces Final Value Fee rates

Published on Tue, 03/15/2011 - 12:51
By Stephanie Shyu in General Interest, ebay, auction, business, buy, deal, ebay, fixed price, internet, online, price, purchase, sale, sell, shipping, store, transaction, value fee, News Update
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eBay announced that for the first time ever, it is making it free to list up to 50 items per month in auctions at any start price, and free to add the “Buy it Now” option to those listings. The new pricing is effective April 19.

By Stephanie Shyu
sshyu@fnno.com

The Children's Place Reports Mixed Results, Better Than Expected EPS

Comparable store sales for the quarter declined 9.0% in the U.S. and 6.2% in Canada, while comparable online sales increased 31.7%.

Jane Elfers, President and CEO, commented, "We exceeded our bottom-line financial goals for the fourth quarter, despite lower sales, due to expense reductions and solid gross margin expansion.

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The Children's Place Retail Stores (NASDAQ:PLCE) reported Q4 EPS of $1.24, ahead of consensus estimates of $1.01 per share. Revenues for the quarter were down 2.1% year-over-year to $453.2 million, missing consensus estimates of $

By Stephanie Shyu
sshyu@fnno.com

Dick's Beats Consensus, Sales Up 13.6% Year-Over-Year

Dick's had a 9.4% increase in consolidated same store sales and opened 10 new stores. The 9.4% consolidated same store sales increase consisted of an 8.6% increase at Dick's Sporting Goods stores, a 2.2% increase at Golf Galaxy st

Edward W.

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Dick's Sporting Goods (NYSE:DKS) reported Q4 EPS of $0.76, above analysts' consensus estimate of $0.72 per share. Sales for the quarter were up 13.6% year-over-year to $1.51 billion, beating the consensus estimate of $1.45 billion

By Stephanie Shyu
sshyu@fnno.com

Wal-Mart increases annual dividend by 21%

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The Board of Wal-Mart has approved an annual dividend of $1.46 per share, a 21% increase from the $1.21 per share paid during FY11. For the current fiscal year ending Jan. 31, 2012, the annual dividend of $1.46 per share will be p

By Stephanie Shyu
sshyu@fnno.com

BJ'S Wholesale Q4 Net Income Down On Store Closing Costs, Issued Q1, 2011 Guidance (BJ)

The company sees Q1 EPS of $0.54 to $0.58, vs. consensus estimates of $0.52 per share, and 2011 EPS of $2.62 to $2.85, vs. consensus estimates of $2.51 per share.

Laura Sen, BJ's president and chief executive officer, said, "I am very pleased with our results for the fourth quarter and full year, which reflect continued margin expansion and excellent cost control.

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BJ's Wholesale Club (NYSE:BJ) reported Q4 EPS of $0.95, ex-items, ahead of consensus estimates of $0.92 per share. Revenues for the quarter rose 7% year-over-year to $2.90 billion, missing consensus estimates of $2.98 billion.

By Stephanie Shyu
sshyu@fnno.com

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