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PR News Wire (Free subscription) | 07/17/2008
-June retail sales reveal a rattled consumer obsessed with price
AGOURA HILLS, Calif., July 17 /PRNewswire/ -- Luxury retailers'
immunity to the economic slump has been an article of faith on Wall Street,
but that faith was shaken this month by pallid sales reports from several
upscale chains. The erosion of this last bastion of certitude speaks
volumes about consumer confidence in the United States,...
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Stock Market Beat (Free subscription) | 07/14/2008
My latest column is up at RealMoney. This has been a terrible time to own stocks tied to consumer discretionary spending. The Consumer Discretionary SPDR (XLY) is down more than 16% so far this year. So I’m somewhat surprised to find myself giving serious consideration to a retail stock that is up more than 50% since [...]
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Market Watch (Free subscription) | 07/02/2008
LONDON (MarketWatch) -- BJ's Wholesale Club was upgraded to overweight from neutral by J.P. Morgan, citing material improvements in its ability to convert free trial customers to paid trial members. It expects June sales are up at least 12%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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YHOO - BloggingStocks (Free subscription) | 06/24/2008
Filed under: Analyst upgrades and downgrades , Yahoo! (YHOO) , United Parcel'B' (UPS) MOST NOTEWORTHY: BJ's Wholesale, Affiliated Managers and Yahoo! were today's noteworthy downgrades: Citigroup downgraded shares of BJ's Wholesale (NYSE: BJ ) to Hold from Buy on valuation and views a takeout as less likely given the current credit market conditions. Wachovia downgraded shares of Affiliated Managers...
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Smart Money (Free subscription) | 06/11/2008
BJ's Wholesale is performing better and has more room to improve than rivals.
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Real Time Economics (Free subscription) | 06/05/2008
Many retailers surprised analysts by posting stronger-than-expected sales for May, despite surging fuel costs and declining consumer confidence. Sort the chart below by company name, category, change in total or same-store sales, and total sales. Company name Category Same-store sales change Overall sales change Overall sales (millions) Comments Abercrombie & Fitch Apparel -1% 8% $233.1 Abercrombie...
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Market Watch (Free subscription) | 06/05/2008
NEW YORK (MarketWatch) -- BJ's Wholesale Club, Inc. said Thursday that its May same-store sales rose 13.4%, "including a contribution from sales of gasoline worth 6.6%." Total sales in May rose 15.9% to $824.3 million from $711.0 million in May 2007. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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kansascity.com (Free subscription) | 05/22/2008
BJ's Wholesale Inc. post a first-quarter profit of $17.19 million, or 29 cents a share, up from $13.65 million, or 21 cents a share, a year ago. Sales excluding membership fees grew 12 percent to $2.26 billion.
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Market Watch (Free subscription) | 05/21/2008
Warehouse retailer BJ's Wholesale Club reports a 26% surge in first-quarter profit, benefiting from a consumer push to find the good deals in the face of rising gas prices and the brutal housing market.
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Forbes (Free subscription) | 05/21/2008
The wholesaler beat Wall Street's estimates as consumers seek to save on bulk purchasing.
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Chicago Tribune (Free subscription) | 05/21/2008
BJ's Wholesale Club Inc. reported a nearly 26 percent increase in its first-quarter profit and raised earnings expectations for the full year, reaping the benefits of a tough economy that's increasingly sending shoppers to discounters in search of deals.
