However, General Motors could invest up to $1 billion in its truck and van factory in Wentzville, Missouri, The Detroit Free-Press reports. In addition, GM plans to develop an electric-powered pickup truck, The Detroit News reveals.Read more
Strangely, Epic Games’ Battle Royale Shooter game sensation Fortnite could be partially responsible for WWE’s ratings woes.Read more
Thus we can safely describe JC Penney as a zombie of the retail apocalypse. Conversely, JC Penney is a zombie that makes money.Read more
Coca-Cola stands out from this pack because it has far less revenue and cash than the others. For instance, Coke records revenues of $7.058 billion for 4th Quarter 2018. Apple reports revenues of $84.31 billion for 4th Quarter 2018.Read more
Barnes & Noble (NYSE: BKS) will probably join Sears and JC Penney (NYSE: JCP) in the retail graveyard this holidayRead more
The most logical future for Barnes & Noble would be for Amazon to buy it. Owning Barnes & Noble would make a lot of sense for Amazon.
Such an acquisition would give Amazon 630 locations across the US to use as pickup and drop-off locations for merchandise and returns. Logically, local Barnes and Noble stores can function as neighborhood fulfillment centers for same-day delivery.Read more
A better way for Penney to attract such men would be by adding a food court with eateries like Shake Shack (NYSE: SHAK) and Qboda to its stores. That might get some men to come to JC Penney, although there’s no guarantee they would actually shop there.Read more
The saddest part of the sorry saga of Sears is that nobody but its employees might notice if the brand dies. The customers obviously abandoned Sears long ago, leaving nothing but debt and empty stores behind.Read more
Like Barnes & Noble (NYSE: BKS), Office Depot is one of those brands that is no longer supposed to exist but somehow keeps hanging on. It seems to generate just enough money to cover expenses and little else.Read more
A fascinating conclusion that can be made here is that Barnes & Noble’s business is more stable than is commonly believed. There is a possibility that store closings might plateau and the store might keep operating for a few more years or even decades.
Barnes & Noble’s footprint is shrinking but not as fast as is commonly thought. It operated 640 stores at the end of 2016, and 633 at the end of 2017, Statista reported. That is down from the peak 726 stores in 2008, but hardly the massive die-off most of us would expect.Read more