Word: marteli
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...turnarounds were fashion, K Mart would never go out of style. The discounter has spent the better part of a decade reorganizing itself. The latest--and maybe the last--effort is being led by Charles Conaway, 41, whom the company plucked from drugstore chain CVS 18 months ago. Late last week the company's stock was pummeled, dropping 14%, to $4.71, after Prudential Securities retailing analyst Wayne Hood suggested in a report that bankruptcy would not be a bad move for K Mart. A Chapter 11 filing would allow the company to walk away more easily from the leases...
...were confident that the recovery was going to start late last summer, until it didn't. Suddenly consumer confidence is supposed to presage the quick recovery we've been waiting for all year? (And if they're so confident, why did they all buy their Christmas presents at Wal-Mart...
...Mammoth discounter Wal-Mart looks to be the big winner so far in a dismal Christmas season for retailers, happily reporting Wednesday that its holiday sales for the period between Thanksgiving and Christmas Eve came in above company expectations of a 4-6 percent year-over-year increase. Rival Kmart, meanwhile, said its sales from Nov. 22 to Dec. 23 came in at the low end of expectations, but picked up considerably in the last few shopping days before Christmas, with winter apparel - thanks to some cold days - finally getting off the ground. And the ultimate in lazy...
Traditional toys and games account for two-thirds of the $24 billion toy market. And retailers Wal-Mart and Target report that toys are one of the few categories showing sales growth this season. That's welcome news for toy giants Mattel and Hasbro, and even more encouraging for retro-toy niche players like K'Nex, which projects revenue growth of 30% this year...
PHONE CARDS Through the efforts of AT&T, Wal-Mart and the U.S.O., shoppers can donate phone cards to the troops, either at Wal-Mart stores or at walmart.com...