Retail Sector

US Analysts Predict that Costco could Increase its Membership Fee Next Year

US Analysts Predict that Costco could Increase its Membership Fee Next Year

US analysts predict that Costco could raise its annual membership fees next year. The action might be mainly due to slowing growth in revenue. The prediction says the retailer might spike its yearly fees by approximately ten percent in the coming year.

Nice! Peaches and Mixed Fruit Products Recalled Over Concerns of Presence of Glass Particles

Nice! Peaches and Mixed Fruit Products Recalled Over Concerns of Presence of Gla

Milky Way International Trading Corp has initiated a recall for some of peach slices and mixed fruit under the brand Nice!

Profits Almost Halved for Pier 1 Imports in the Latest Quarter

Profits Almost Halved for Pier 1 Imports in the Latest Quarter

Fort Worth, Texas based home furnishing retailer, Pier 1 Imports Inc. said its most recent quarterly profit has almost halved. The retailer specializing in imported home furnishings and décor with main focus on furniture and decorative accessories issued a subdued guidance for the year. Though the company is struggle to maintain its sales figures but the quarterly results surpassed expectations. Shares dropped 2.6percent in after-hours trading. In the last one year the stock has lost 47percent till the close on Wednesday.

Dropping Sales at Gap’s Key Brands hurt the Company’s Shares

Dropping Sales at Gap’s Key Brands hurt the Company’s Shares

San Francisco, California based Gap Inc, which operates five well known brands is struggling with declining sales. On Thursday, shares of the apparel company dropped almost nine percent during the after-hours trading.

It followed an announcement from the clothing retailer that reported its March results, revealing a slide in sales for the twelfth straight month. The retailer reported drop in comparable sales for three of its biggest brands in March. The company also warned entering April with a high levels of inventory that could affect the profit margins.

Will Golden Gate be the Right Choice to Turn Around Pacific Sunwear of California Inc?

 Will Golden Gate be the Right Choice to Turn Around Pacific Sunwear of California Inc?On Thursday, Pacific Sunware of California Inc., the retail clothing brand which focuses on youth oriented culture and lifestyle of California, filed for bankruptcy. Its plan includes handing over control to San Francisco, California based private-equity firm Golden Gate Capital expectations that the lender has the recipe to rescue the troubled fashion retailer mainly meant for the teens.

Starboard Value LP’s Success with Olive Garden Might not be Enough to Handle Yahoo’s Troubles

Starboard Value LP’s Success with Olive Garden Might not be Enough to Handle Yah

Activism is on the rise in American corporations and in recent years shareholders have been taking stakes and agitating for change to perk up returns.

Starboard Value LP, the investment firm set an example looking for a replacement of the entire board of Darden Restaurants Inc. They argued that services provided by the company's Olive Garden chain staff was not up to the mark and a reason behind losing customers.

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