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Stock Market & Financial Investment News

News Breaks
March 13, 2014
07:10 EDTWMT, LCUTLifetime Brands sees acquisitions to increase net income, EPS in FY14
Lifetime Brands (LCUT) said, "For FY14, we believe that an improving U.S. economy, together with a significant number of major new product initiatives, should provide for further growth in our kitchenware business. This month, we will introduce a large number of new products and ten new brands at The International Home Plus Housewares Show. In Europe, net sales of Creative Tops increased in the fourth quarter of FY13 over the same period in FY12, and we foresee continued improvement in FY14. In Asia, Lifetime has received a trading license in China and will become a supplier of kitchenware products to Wal-Mart (WMT) stores in China, beginning in 2H14. Our Partner Companies in Brazil, Canada and Mexico are well-positioned to improve their performance over the prior year. Lifetime QM will be fully implemented by mid-year and its impact should begin to be reflected in our financial results in 2H14. Lifetime’s growth in FY14 also should benefit from three acquisitions that we completed early in FY14. We believe our acquisitions have the potential to add approximately $100M in net sales and significantly to increase the company’s net income and EPS in FY14."
News For LCUT;WMT From The Last 14 Days
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July 28, 2015
18:08 EDTWMTWal-Mart warns suppliers to comply with labeling laws, WSJ reports
Last week, Wal-Mart sent a memo to hundreds of suppliers warning them to comply with labeling laws, noting that the amount inside a package should match what is printed on the outside, the Wall Street Journal reports. Reference Link
14:55 EDTWMTEarnings Watch: MasterCard reports after peers warn of currency headwinds
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July 24, 2015
06:37 EDTWMTWal-Mart increases offerings in baby category
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July 23, 2015
19:24 EDTWMTWal-Mart's Apple Pay competitor launching soon, Bloomberg says
CurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link
05:08 EDTWMTWal-Mart acquires remaining shares of Yihaodian
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July 22, 2015
13:25 EDTWMTWal-Mart to end overnight hours at certain stores, Bloomberg reports
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08:38 EDTWMTNRF cuts 2015 retail sales growth forecast to 3.5% from 4.1%
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July 20, 2015
13:46 EDTWMTAmazon seen eclipsing Macy's as top U.S. clothing retailer
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