Gov’t warns US retailers about hacking software

 More than 1,000 U.S. retailers could be infected with malicious software lurking in their cash register computers, allowing hackers to steal customer financial data, the Homeland Security Department said Friday. The government urged businesses of all sizes to scan their point-of-sale systems for software known as “Backoff,” discovered last October. It previously explained in detail […] Continue reading →

Killing an Economy 101

Bill Gunderson  US retail sales fell flat on their faces last month. It was their worst reading in six months. I have been steering clear of retail stocks for some time now. Most retail names these days have horrible charts. Your teenaged daughter may disagree. “Dad, can I please have, like, fifty dollars and a […] Continue reading →

Wal-Mart’s Supercenters Are Becoming A Major Problem

 Wal-Mart’s supercenters are struggling as consumers increasingly choose convenience stores over one-stop shops. The retail giant’s mega stores suffered a .3% same-store sales decline in the second quarter compared with last year. During the same period, foot traffic for Wal-Mart’s U.S. stores fell by 1.1%. By comparison, Wal-Mart’s smaller-format stores, or Neighborhood Markets, generated same-store […] Continue reading →

Wal-Mart’s Sales Stagnation Reignites Concern About Economy

 Wal-Mart Stores Inc. (WMT)’s latest struggles to revive U.S. sales, following a disappointing Commerce Department report earlier this week, add to evidence that the economy isn’t recovering as quickly as expected. The company posted stagnant same-store sales today in its second-quarter earnings report, marking the sixth straight period of no growth. The world’s largest retailer […] Continue reading →

Retail Sales: The Back To School Forecasts Are In

Kicking Off Make-Or-Break Holiday Season For Retailers Let the games begin.  The pundits have weighed in on the back-to-school shopping period, which means one thing is certain: The kickoff to the winter holidays, retailers’ make-or-break selling season, has officially begun. Here’s a snapshot of back-to-school forecasts based in part on shopper surveys. Accenture, the global management […] Continue reading →

Wal-Mart’s website to personalize shopping

 Wal-Mart, in its latest bid to compete with nemesis, is rebuilding its website to further personalize the online shopping experience of each customer. Wal-Mart is rolling out a feature that will enable its website to show shoppers more products that they may like, based on their previous purchases. It also will customize Wal-Mart’s home […] Continue reading →

Target Joins the Anti-Gun Movement

Michael Schaus Well… I’m starting to run out of places to shop. Target Corporation (TGT) made the announcement on Wednesday that they have acquiesced to the Bloomberg fanatics who believe no-one should be armed while shopping. The company (politely) asked customers to keep their guns at home the next time they wander in for a […] Continue reading →

The Rudeness of Wedding Registries

Jeff Jacoby  I’VE ALWAYS taken a dim view of wedding gift registries, on the principle that greed is bad and greed masquerading as courtesy is worse. But I relented, just for a moment, when I read about the public’s reaction after learning that Jon Meis, the Seattle Pacific University student who disarmed a killer during […] Continue reading →

Rand Paul Proposes Legislation to Stop End Run Around 2nd Amendment

Obama determined to stop banks from doing business with firearms retailers Senator Rand Paul is attempting to prevent the Obama administration from making an end run around the Constitution.  On Thursday Paul introduced legislation to amend the Commerce, Justice, Science, and Related Agencies Appropriations Act for the 2015 budget. The amendment would prohibit the federal […] Continue reading →