Percentage is the estimate weight of the index components in the S&P 500 as of 3/28/12. Holdings and weightings are subject to change. About the Fund Industries such as automobiles and components, consumer durables, apparel, hotels, restaurants, leisure,...
Discount retailer TJX (TJX) has an expansion-oriented mindset that fuels sales. In the next few years, the company aims to add up to 6 percent more retail square footage annually to its footprint. The Massachusetts retailers owns seven chains that sell apparel and home fashions. That includes 980 T.J. Maxx, 884 Marshalls and 375 HomeGoods stores. TJX also sells in Europe and Canada. The draw: Prices that are 20 percent to 60 percent below those in department and specialty stores. TJX reported fourth quarter income of $475.3 million. Revenue rose by 6 percent to hit $6.71 billion, up 6
SAN JOSE, Calif. — eBay has announced that Devin Wenig is joining the company as president of its global eBay Marketplaces business unit, which includes eBay, the world’s leading online marketplace; eBay classifieds sites in more than 1,000 cities worldwide; and StubHub, the world’s largest online tickets marketplace. Wenig will report to eBay Inc. president and CEO John Donahoe. Wenig, 44, most recently was CEO of Thomson Reuters Markets, a division of Thomson Reuters, where he led the company’s global financial services and media businesses. Wenig also led the integration of Reuters and Thomson following the merger of the
Retailers are expected to show a moderate increase in May sales, as high gas prices likely tempered consumer demand for summer clothing and other discretionary items. Analysts on average are expecting a 5.3 percent increase in May sales at stores open at least a year, according to Thomson Reuters data.
Crocs beat quarterly estimates as its colorful plastic clogs sold well, but its second-quarter forecast fell short of market expectations. The company also named Jeff Lasher as its new chief financial officer. Lasher was Crocs' principal accounting officer and interim principal financial officer since January 2011.
March sales at retail chains are expected to fall modestly, held back by the combination of a later Easter and higher gasoline prices. Department stores such as Kohl's are expected to post the biggest declines after tallying huge gains a year earlier, when consumer demand picked up steam and shoppers bought spring clothing.