CNBC's Sue Herera looks back at the week's top business and financial stories.» Read More
Nordstrom reported fourth-quarter earnings of $212 million, or 92 cents a share, beating the mean estimate of analysts polled by Thomson Financial of 88 cents.
The theme this week will not be that sales are getting better. No, the story this week will be that the sales decline MAY be slowing or lessening in severity. As we move into the first quarter, how individual companies differentiate themselves by handling their internal management, inventory and SG&A expenses--in other words, the basic administrative cost of doing business--will become increasingly more important.
So we've just learned that Electronic Arts made a $2 billion bid to take over Take-Two last Tuesday. EA went public with the news Sunday after Take Two's board denied the deal. The notion of such a deal probably makes sports gamers cringe, much in the same way that trading card buffs feared Upper Deck's attempts at buying Topps last year
The 80th Annual Academy Awards brought the glamour and champagne back to Hollywood after a grim 100-day strike. John Stewart cracked the requisite jokes about the work stoppage -- calling the Oscars the "makeup sex" for the industry.
You'd think the Academy Awards were controlled by studio moguls or movie stars. But the guys really holding the cards -- literally -- are a couple of accountants. Forget about George Clooney and Will Smith -- without Price Waterhouse Coopers, the show couldn't happen.
Last night, JC Penney unveiled its largest brand launch in company history--which also happens to be Ralph Lauren's biggest bet. Dubbed "American Living," the clothing and homegoods line is centered around the same-preppy aesthetic that Ralph Lauren has mastered but the price points are far from the high-end ticket prices that usually accompanies any RL project.
J.C. Penney reported a smaller-than-expected fall in quarterly profit after the mid-tier department store operator helped offset falling sales with tight control on expenses.
There's no question that the music industry needs help: CD sales were down 15 percent from 2006 to 2007, and are on a continual downward slide. Because of this crunch, there's an openness to new ways on how to make money.
Troubled retailers Sharper Image and Lillian Vernon have filed for bankruptcy, pointing to the effects of a weak holiday season and a struggling economy.
Talk about a power duo: Apple's iTunes just became a signature sponsor and the official online content supplier for American Idol. This means if you want to hear or watch a video of a music performance, you can find it all on iTunes for 99 cents or $1.99 starting March 11. Apple is joining Coke, Ford, and AT&T...
Wall Street was thrilled that Sony's Blu-ray has officially won the high def format battle. Sony's stock made gains Tuesday on the news that Toshiba will stop making HD-DVD players. This is the final piece in a long battle that dragged on for years, losing movie studios hundreds of millions...
In October, Gatorade agreed to, for the first time ever, license an athlete's name for a product and give that athlete a percentage of product sales. That athlete was Tiger Woods and we projected that Woods would make more than $11 million in royalties from March 2008 to March 2009.
I can't recall an NBA All-Star Game where there were fewer shoes to buzz about. ...How does Dwight Howard win the dunk contest in a Superman cape and in what is essentially a generic Adidas shoe? I posed that question to Adidas spokesman Travis Gonzolez...
Do you want total control over your phone number? Want to track calls made by dozens of salespeople? Want a local number in L.A. when your business is in New York? All this and keeping identity thieves at bay are possible with virtual numbers made available through a company called Vumber.
Now that American Apparel CEO Dov Charney's sexual harassment and wrongful termination lawsuit is headed to trial, will there be changes in the boardroom or behavior in how day-to-day management of American Apparel is handled? ...The trial is set to begin today...
Valentine's Day got a little heated for some Retail Detail readers. I posted my interview with FTD's CEO right here yesterday for all of you to get a little insight into what goes on during one of the busiest days of the year in the floral industry. My friends on "Squawk Box: interviewed the CEO of 1-800-Flowers (FLWS) yesterday morning as well.
With a Bud Shootout and Gatorade Duels victory, Dale Earnhardt Jr. is 2-for-2 in non-point races, which should come as a relief to NASCAR executives. The statistics on Earnhardt are scary. In his last 114 real races, Earnhardt has won only twice. That's a winning percentage of 1.75 percent.
Comcast's stock has fallen more than 30 percent in the past year -- painful for Comcast shareholders, including some activist shareholders who own chunks of stock. But Thursday, Comcast's stock made gains after the cable company announced its earnings and a quarterly dividend...
Best Buy cut its fiscal 2008 profit outlook Friday, blaming in part lower-than-expected sales growth in January.
Swedish fashion giant Hennes & Mauritz reported on Friday a 3 percent rise in January sales at stores open more than a year, lagging market expectations.