The AllState Corporation (ALL) recently inked a deal to buy SquareTrade. The acquiree provides consumer protection plan across the U.S.
DICK's Sporting (DKS) remains keen on enhancing its digital operations.
Holidays About to Begin: Which Retailers Stand to Gain?
Office Depot, Inc. (ODP) reported better-than-expected earnings after missing the same in the trailing four quarters.
Investors are keeping a close watch on the Q3 earnings season, which so far has recorded positive earnings growth following dismal performance in the five preceding quarters.
Our proven model does not conclusively show that Office Depot (ODP) is likely to beat earnings estimates this quarter.
It isn’t the end-all analysis to determine if you should buy, but P/E can help you visualize a stock’s true value.
It’s 4:30 p.m. on Thanksgiving and you’re contemplating a slice of pecan pie (your third... potentially). You aren’t eager to leave the warmth of the dinner table and the company of your family and friends ― plus, the gluttonous third slice would give you sufficient excuse to delay tackling the pile of dishes in the kitchen. Inhibitions long gone, you go for it. Meanwhile, in a cold department store two miles away, fluorescent lights illuminate stacks of inventory. Frenzied shoppers on the sales floor need to know: Why won’t you price match? What’s the company’s return policy? Does it come in stainless? Welcome to the dichotomy of Thanksgiving, a holiday ostensibly about appreciation and giving thanks that is struggling to compete with profit-driven companies eager to kick off the holiday season. This year, 49 percent of retailers plan to open on Thanksgiving, according to PricewaterhouseCoopers’ 2016 Holiday Report, 1 percent more than last year. (About 9 percent of the retailers PwC surveyed have yet to decide their plans for the day). Amid that small uptick, however, the share of retailers opting to remain closed has become increasingly vocal. “Almost half of those choosing to close their doors on Thanksgiving Day are doing so to better align with their corporate values—and with their employees,” notes PwC. More than a fifth of those surveyed said employee morale is their primary reason for not opening on Thanksgiving this year. Among those is Mall of America, the biggest mall in the country, which will close for Thanksgiving this year for the first time since 2012. “We think Thanksgiving is a day for families and for people we care about,” Jill Renslow, the mall’s senior vice president of marketing, explained earlier this month. “We want to give this day back.” We think Thanksgiving is a day for families and for people we care about. We want to give this day back. Mall of America executive Jill Renslow In Maine, Massachusetts and Rhode Island, decades-old “blue laws,” holdovers from the area’s Puritan past, actually prohibit most large stores from opening Thanksgiving Day. And in Ohio, state Rep. Mike Foley (D-Cleveland) introduced a bill in 2014 that would protect workers from retaliation by their employer if they refused to work on Thanksgiving. (Enthusiasm for the bill fizzled and it didn’t come close to being signed into law.) “Thanksgiving Day is supposed to be a day when we retreat from consumerism,” Foley explained at the time. “It’s a day when you hang out with your family, go play touch football, have a big turkey dinner, and complain about your crazy uncle or cousin—but you don’t think about super blockbuster sales at Target.” (On the flip side, it’s worth noting some employees don’t mind working Thanksgiving, and in some cases welcome the opportunity for overtime pay. Few retail employees, however, have the luxury of making the decision for themselves.) For those keeping track, Black Friday, the day after Thanksgiving, is an entirely different creature: PwC found 85 percent of retailers plan to open that day, the same number as in 2015, despite predictions the shopping event will see 8 percent fewer shoppers this year. Here are some of the larger retailers who have announced they will close on Thanksgiving (via BestBlackFriday.com): Barnes & Noble Bed Bath & Beyond Burlington Cabela’s Costco Crate and Barrel Dillard’s DSW GameStop Guitar Center Harbor Freight Hobby Lobby Home Depot IKEA Jo-Ann Fabric & Craft Stores Jos. A Bank Lowes Mall of America Marshalls Mattress Firm Menards Neiman Marcus Nordstrom Nordstrom Rack Office Depot Office Max Patagonia Petco PetSmart Pier 1 Imports Publix Sam’s Club Sierra Trading Post Staples The Container Store T.J. Maxx -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
While some retailers have opted to remain closed on Thanksgiving Day, Macy's (M) has decided to keep its stores open.
PC shipment data, Facebook (FB) Workplace and Amazon's (AMZN) India gains were the more significant headlines last week.
Going against the retail industry's popular trend of keeping stores open on Thanksgiving, Office Depot, Inc. (ODP) has decided to keep its stores closed on the day.
Alphabet Inc.'s (GOOGL) Google announced the acquisition of digital marketing startup FameBit for an undisclosed amount.
Investors prefer to add stocks with long-term growth prospects and Staples (SPLS) is a stock that satisfies this criterion.
Going against the retail industry's popular trend of keeping stores open on Thanksgiving, Staples, Inc. (SPLS) has yet again decided to keep its stores closed like the previous year.