Best Buy’s 3Q results came out Tuesday morning. I was pleasantly surprised to see their results were higher ($0.35/share) than Wall Street’s estimation ($0.24/share). I had the opportunity to discuss Best Buy and their earnings on Tuesday morning’s Money for Breakfast. We all thought the numbers were good. However, I found in later reports, many […]
Archives for 2008
Cyber Monday
Ok. So, I told you I’ve been busy! I was on “Money for Breakfast” on Fox Business News again on Cyber Monday to discuss sales expectations for the biggest online shopping day of the year. At the time, I predicted a sales increase of at least 7 percent. Turns out sales increased by a whopping […]
Black Friday
Wow! What a busy few weeks it’s been! I’ve been away from my blog too long, but not because I was vacationing on some remote island basking in the sun and sipping margaritas. No way! I’ve actually been working! On Black Friday, I had the opportunity to appear on the Fox Business News morning program […]
More retail store closures on the horizon
Now small upscale specialty retailers are announcing store closures. Women’s Wear Daily announced today that Harold’s, an upscale men’s and women’s specialty apparel store (think Talbot’s and Talbot’s Men) will close their 41 existing traditional stores as well as their two outlet locations. Watch out! January and February are going to be a bloodbath with […]
Circuit City to close 155 stores
Well, the first wave of store closings, 155 stores, has been announced by Circuit City. One thing I found interesting about this list is that it is geographically dispersed throughout the country. It looks more like they are reducing the number of stores in all major metro markets as a way to drive more sales […]
Value City and Shoe Pavilion Announce Liquidation
As Freddie Mercury used to sing, “Another One Bites the Dust” Actually the last week has brought two more high-profile liquidation announcements: Value City and Shoe Pavilion. Value City will close their remaining 66 stores while Shoe Pavilion will close their remaining 64 units. On the heels of the Linens ‘N Things liquidation and the […]
