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Current DateTime: 12:36:45 15 Nov 2009
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It's a make-it or break it time for retailers. The holiday selling season is always a critical time for retailers, but this year this may be even more true. With several retailers already falling victim to a drop in consumer spending, and filing for bankruptcy, retailers will be navigating through some tricky waters. Consumers are strapped for cash due to high energy and food prices, and unemployment is rising. The recent credit crunch has made it more challenging for retailers and consumers to borrow.

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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May.29
1:34 PM ET
Thursday, 29 May 2008
Sears' Earnings: The Numbers Really Weren't Much Of A Surprise

Sears
For anyone who attended the Sears’ annual shareholders meeting or read/listened to any of my coverage of that meeting, the fact that the struggling retailer posted yet another disappointing quarter shouldn’t really be a surprise.

Wall Street didn’t expect Sears’ [SHLD  Loading...      ()   ] miss to be this bad though. That game of expectations is what lead to today’s headlines that call Sears’ $56 million dollar quarterly net income loss a “surprise.”  But to be frank, it really isn’t too much of a surprise.

Sears Holdings Chairman Eddie Lampert himself said that he didn’t see a near-term turnaround in the consumer economy and admitted that sales were below where the company wanted them to be. The strategy is now about focusing expanding the brands that the company owns and adding more “names” to the product portfolio in order to get people to shop.

Despite telegraphing these signals, the market did get caught with a “surprise” today and shares tumbled. Even word that the board had authorized an additional $500 million worth of share repurchases didn’t bolster the stock. We’ll see what tomorrow brings.

Questions? Comments?

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