Here’s what the company reported vs. what the Street was expecting:
- Earnings per share: $1.21, excluding items, vs. forecast of 91 cents, according to Thomson Reuters analysts’ consensus estimates.
- Revenue: $16.02 billion vs. $15.62 billion estimate, analysts said.
- Same-store sales: 1.3 percent drop vs. forecast of a 3.7 percent decline, according to FactSet.
Commerce Secretary Wilbur Ross announced deals that will send U.S. beef exports to China, allow Chinese imports of cooked poultry, expand U.S. electronic payment services and provide for faster regulatory approval of biotechnology products by Beijing.
The outdoor chain had previously filed for Chapter 11 Bankruptcy in March 2017 and closed 32 underperforming store,s including those in Morrisville, at 2100 Village Market Place, and in Charlotte.
* Total payrolls up 211,000 vs 185,000 estimate & downwardly revised 79,000 prior (original 98,000)* Private payrolls up 194,000 vs 185,000 estimate & downwardly revised 77,000 prior (original 89,000)
* Unemployment rate down to 4.4 pct vs 4.6 pct estimate & 4.5 pct prior
* Average hourly earnings growth 0.3 pct vs 0.3 pct estimate & downwardly revised 0.1 pct prior (original 0.2 pct)
* U-6 rate pct 8.6 pct vs 8.9 pct prior* Labor force participation 62.9 pct vs 63.0 pct prior
* Household survey: Workforce grew by 12,000, employed rose by 156,000, unemployed fell by 146,000by
Panera Bread is working to expand delivery services to more of its cafes, adding 10,000 more jobs by the end of 2017.
- Panera to hire 10,000 employees as it expands its delivery service
- The company hopes to expand delivery to 35 percent to 40 percent of its locations
- Panera forecasts that delivery will add $250,000 per year to each store’s annual revenue
Bebe said it expects “to close all of the stores by the end of May,” according to a filing the Brisbane, Calif., firm made this week with the Securities and Exchange Commission.
The layoffs span the company’s international, technology and Sam’s Club divisions. They follow Wal-Mart’s decision to eliminate some 1,000 corporate positions earlier this year, including 200 in its e-commerce division.
A spokesman for the retailer confirmed the job cuts to CNBC, which had originally been reported by Dow Jones.
Revenue neutral: “How much will that tax plan cost?” is just another way of asking whether the overall plan will raise less revenue than the current tax code, more revenue or the same amount.
Republicans and the White House may have a hard time muscling through a full tax code overhaul this year. But there will be plenty of debates and mudslinging over tax reform while they try.
And all those rhetorical talkfests will be peppered with tax and legislative jargon. Lots of it.
Tesla’s usurping of GM and Ford will undoubtedly spur debate over the relative value of Musk’s company compared with some of the world’s top-selling automakers. GM expects to earn more than $9 billion this year and analysts predict Ford will generate adjusted profit of about $6.3 billion. On that basis, Tesla is expected to lose more than $950 million.
This post is part of the On the Margin blog.
On Monday, Bloomberg reported that Panera Bread Co. might put itself up for sale after receiving interest from a potential buyer. The news sent the company’s stock price skyrocketing.
As I wrote about several weeks ago now, 2017 is going to be a huge year for mergers and acquisitions —
Jonathan Maze, Nation’s Restaurant News senior financial editor, does not directly own stock or interest in a restaurant company.
Contact Jonathan Maze at email@example.com
Follow him on Twitter: @jonathanmaze
Read Source: Ranking Panera Bread’s potential suitorsby
Of the nation’s 20 largest cities, three reached their all-time highs in January: Seattle, Portland, and Denver. And 12 cities reported greater price increases in the year ending January 2017 versus the year ending December 2016, the report said.
Wal-Mart Stores Inc. has been on an e-commerce apparel acquisition tear, purchasing sites like ModCloth, MooseJaw and ShoeBuy in recent weeks. The purchases aren’t just part of an apparel effort at Wal-Mart, but an effort to compete with, and fend off, Amazon.com Inc., which is also making a push in the apparel arena.
Amazon AMZN, -0.21% has been adding private label brands at a pace as robust as Wal-Mart’s WMT, -0.36% acquisitions. By KeyBanc Capital Markets’ count, Amazon has at least 14 private-label apparel brands in the U.S. and U.K., nine for Prime members exclusively. Analysts there estimate that the e-commerce giant has a $14 billion-plus apparel business.
About 17,000 AT&T wireline technicians and call center employees went on strike in California and Nevada today while filing an unfair labor charge to the National Labor Relations Board (NLRB) alleging that AT&T violated federal law.
“The company has shown disrespect to the bargaining process by changing the work assignments of workers without bargaining as required by federal law,” the Communications Workers of America (CWA) union said in its strike announcement. “Further, AT&T reneged on an agreement to resolve the dispute without any explanation.”
The CWA said that AT&T “is asking its workers to do more for less—keeping them from their families with unpredictable overtime, undercutting pay and advancement, offshoring good jobs, and pushing more health care costs onto employees.”
Kudos to Sears Holdings Corp. (SHLD) for finally admitting what everyone already knew: it’s almost dead.
As TheStreet broke the news on Twitter Tuesday evening, Sears indicated in its newly filed annual report that “substantial doubt exists related to the company’s ability to continue as a going concern.” For those clickbait-loving headline writers out there with no financial services training: what Sears essentially said is that yes, it’s unsure if it could stay in business. Well, duh.
Sears’ cash position has melted from a high point of $1.7 billion for the 2009 calendar year to a mere $286 million to close out 2016. Revenue hasn’t grown since the credit boom lifted all ships in retail in 2006. The company hasn’t generated cash flow from its operations since 2006.
Equities tumbled across Asia after the S&P 500 Index fell the most since Donald Trump’s election, as stocks joined an unwinding of reflation trades amid uncertainty over prospects for the U.S. president’s policies. The yen rose as investors sought haven assets.
The world’s happiest – and saddest – countries Happiest Least happy 1. Norway 146. Yemen 2. Denmark 147. South Sudan 3. Iceland 148. Liberia 4. Switzerland 149. Guinea 5. Finland 150. Togo 6. Netherlands 151. Rwanda 7. Canada 152. Syria 8. New Zealand 153. Tanzania 9. Australia 154. Burundi 10. Sweden 155. Central African Republic
In his recent speech, President Trump said he had promised that “dying industries will come roaring back to life” – and then highlighted the boost he gave one such industry by blocking an environmental regulation “that threatens the future and livelihoods of our great coal miners.”
The move Trump referred to stopped an environmental rule meant to protect streams from pollution stemming from mining.
The company said that about 5,000 positions nationwide will be affected by the closures, most of which will occur in June.
Below is the list of stores slated to close Mall/Shopping Center City State Auburn Mall Auburn AL Tannehill Promenade Bessemer AL Gadsden Mall Gadsden AL Jasper Mall Jasper AL Military Plaza Benton AR Chickasaw Plaza Blytheville AR Riverview Mall Bullhead City AZ Downtown Bishop Bishop CA Sunwest Plaza Lodi CA The Village at Orange Orange CA Hilltop Mall Richmond CA Fort Morgan Main St. Fort Morgan CO Glenwood Springs Mall Glenwood Springs CO St. Vrain Centre Longmont CO Broadway Plaza Sterling CO Connecticut Post Mall Milford CT Jacksonville Regional Shopping Center Jacksonville FL Palatka Mall Palatka FL Dublin Mall Dublin GA Macon Mall Macon GA Milledgeville Mall Milledgeville GA Gateway Plaza Thomasville GA Tifton Mall Tifton GA Downtown Decorah Decorah IA Crossroads Mall Fort Dodge IA Penn Central Mall Oskaloosa IA Quincy Place Ottumwa IA Snake River Plaza Burley ID Eastland Mall Bloomington IL Fulton Square Canton IL Village Square Mall Effingham IL Freestanding Macomb IL Peru Mall Peru IL Northland Mall Sterling IL Centerpointe of Woodridge Woodridge IL FairOaks Mall Columbus IN Connersville Plaza Connersville IN Huntington Plaza Huntington IN Jasper Manor Center Jasper IN Logansport Mall Logansport IN Chanute Square Chanute KS Downtown Great Bend Great Bend KS Hutchinson Mall Hutchinson KS Freestanding Lawrence KS Winfield Plaza Winfield KS Cortana Mall Baton Rouge LA Park Terrace DeRidder LA North Shore Square Slidell LA Berkshire Mall Lanesborough MA Easton Marketplace Easton MD Rockland Plaza Rockland ME Lakeview Square Mall Battle Creek MI Delta Plaza Escanaba MI Westshore Mall Holland MI Copper Country Mall Houghton MI Birchwood Mall Kingsford MI Midland Mall Midland MI Cascade Crossings Sault Ste. Marie MI Central Lakes Crossing Baxter MN Five Lakes Centre Fairmont MN Faribo West Mall Faribault MN Irongate Plaza Hibbing MN Hutchinson Mall Hutchinson MN Red Wing Mall Red Wing MN Downtown Thief River Falls Thief River Falls MN Freestanding Winona MN Maryville Center Maryville MO Leigh Mall Columbus MS Southgate Plaza Corinth MS Greenville Mall Greenville MS Bonita Lakes Mall Meridian MS Oxford Mall Oxford MS Capital Hill Mall Helena MT Sidney Main Street Sidney MT Albemarle Crossing Albemarle NC Boone Mall Boone NC Eastridge Mall Gastonia NC Blue Ridge Mall Hendersonville NC Monroe Crossing Monroe NC Becker Village Mall Roanoke Rapids NC Prairie Hills Mall Dickinson ND Buffalo Mall Jamestown ND Downtown Wahpeton Wahpeton ND Fremont Mall Fremont NE Downtown McCook McCook NE Platte River Mall North Platte NE Rio Grande Plaza Rio Grande NJ The Boulevard Las Vegas NV Dunkirk-Fredonia Plaza Dunkirk NY Westfield Sunrise Massapequa NY Palisades Center West Nyack NY Findlay Village Mall Findlay OH New Towne Mall New Philadelphia OH Richmond Town Square Richmond Heights OH St. Mary’s Square St. Marys OH Altus Plaza Altus OK Ne-Mar Shopping Center Claremore OK Ponca Plaza Ponca City OK Pioneer Square Shopping Center Stillwater OK Astoria Downtown Astoria OR Grants Pass Shopping Center Grants Pass OR La Grande Downtown La Grande OR Downtown Pendleton Pendleton OR The Dalles Main Street The Dalles OR Columbia Mall Bloomsburg PA Clearfield Mall Clearfield PA King of Prussia Mall King of Prussia PA Philadelphia Mills Philadelphia PA Bradford Towne Centre Towanda PA Lycoming Mall Pennsdale PA Willow Grove Park Willow Grove PA Citadel Mall Charleston SC Town ‘N Country Easley SC Palace Mall Mitchell SD Northridge Plaza Pierre SD Watertown Mall Watertown SD Yankton Mall Yankton SD Greeneville Commons Greeneville TN Knoxville Center Knoxville TN County Market Place Union City TN Athens Village Shopping Center Athens TX Borger Shopping Plaza Borger TX Heartland Mall Early TX El Paso Downtown El Paso TX Marshall Mall Marshall TX McAllen Downtown McAllen TX University Mall Nacogdoches TX King Plaza Shopping Center Seguin TX Bosque River Center Stephenville TX New River Valley Mall Christiansburg VA Tanglewood Mall Roanoke VA Pilchuck Landing Snohomish WA Pine Tree Mall Marinette WI Marshfield Mall Marshfield WI Richland Square Shopping Center Richland Center WI Rapids Mall Wisconsin Rapids WI Foxcroft Towne Center Martinsburg WV Downtown Sheridan Sheridan WYSOURCE: J.C. Penney Company, Inc
Gordmans traces its roots to 1915, when Russian immigrant Sam Richman opened a clothing shop in Omaha. He later teamed up with a former Bloomingdale’s executive, Dan Gordman, whose car broke down in Omaha en route to California. Gordman met Richman’s daughter while he was waiting for his car to be repaired and decided to stick around. The two later married.
Private equity firm Sun Capital Partners bought the business in 2008 and took it public two years later. Funds managed by Sun Capital hold about 49.6 percent of Gordmans’ equity, according to a court filing.