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- Banks With The Biggest Exposure to The UAE
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- Russia: Bomb Caused Train Wreck That Killed Dozens
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- Big US Banks May Be Forced to Raise Capital: Bove
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This blog will look at the winners and losers in the retail space. Who has the right strategy to capture consumer dollars? It also will look for trends in consumer spending and how that will impact the economy.
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CNBC.com |
Thursday, he told shareholders that they shouldn't count Sears [SHLD
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] out. The game is still on despite the fact that the discounter has capitulated marketshare to Wal-Mart [WMT
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] and Target [TGT
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] . And despite the fact that net income dropped 47 percent in the fourth quarter to $426 million dollars, down from $811 million last year. And despite the fact that same store sales dropped every quarter during which he has been Chairman.
At the end of this fourth quarter, earnings were $3.04 a share--six cents below the Street's consensus.
Lampert admits some bad plays--gross margins declined by more than a billion dollars from last year because management failed to account for an economic slowdown in their inventory expansion. Fundamentally though, Lampert thinks that Wall Street doesn't have its eye on the ball, "'it is generally not well understood or appreciated how much we have reduced our debt and pension obligations."
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AP Victoria's Secret |
The brand has moved too far from its heritage as a feminine and sexy collection to one that is sex saturated and poorly-constructed (the second part is my editorializing.) I agree with Turney's sentiments and have blogged about the same thing right here.
Let's hope the new Victoria's Secret is more La Perla mixed with Agent Provocateur than Fredericks of Hollywood!
Questions? Comments?
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- "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?













