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Lessons from “The Profit” – Marginal REVOLUTION
Newsprofit

Lessons from “The Profit” – Marginal REVOLUTION

I’ve learned a lot about industrial organization watching The Profit, a reality-TV show on CNBC featuring businessman Marcus Lemonis. In each episode Lemonis buys into a failing small-to-medium-sized business and works to turn it around. Lemonis doesn’t invest in a random sample of businesses nor even in a random sample of failing businesses. Nevertheless, the…

Target profit misses estimates, outlook disappoints; shares sink

NEW YORK (Reuters) - Target Corp (TGT.N) missed profit estimates for the holiday quarter on Tuesday as it invested to compete better online and in its stores and its financial outlook disappointed some investors, sending shares down 4 percent in early trading. FILE PHOTO: Shoppers exit a Target store during Black Friday shopping in the…

Target profit misses estimates in holiday quarter, sales jump

NEW YORK (Reuters) - Target Corp’s (TGT.N) reported profit in the holiday quarter that fell short of analyst estimates even as sales beat forecasts, sending its shares down 2 percent in premarket trading on Tuesday. FILE PHOTO: Shoppers exit a Target store during Black Friday shopping in the Brooklyn borough of New York City, U.S.,…

J.C. Penney profit forecast, same-store sales disappoint, shares dive

(Reuters) - Sales at J.C. Penney Co Inc’s (JCP.N) established stores missed Wall Street targets in the fourth quarter and it forecast broadly lower-than-expected full-year profit, hurt by weak demand for its clothes and online competition. FILE PHOTO: A shopper leaves the J.C. Penney department store in North Riverside, Illinois, U.S., November 17, 2017. REUTERS/Kamil…

RBS reports profit for the first time in 10 years
NewsprofitReports

RBS reports profit for the first time in 10 years

Royal Bank of Scotland (RBS), majority-owned by British taxpayers, has posted a net profit of £752m for 2017, its first annual gain in a decade. The result surpassed analyst expectations of £592m and compares with a £6.95bn loss a year earlier, when RBS was hit by conduct charges and legacy and restructuring costs. CEO Ross McEwan hailed…

Walmart profit drops, online sales growth slows in holiday quarter

NEW YORK (Reuters) - U.S. retailer Walmart Inc (WMT.N) on Tuesday reported a lower-than-expected quarterly profit and posted a sharp drop in online sales growth during the critical holiday period, sending its shares tumbling more than 9 percent. Even as comparable sales in the U.S. market rose for the 14th consecutive quarter, Walmart’s online sales…

Walmart profit drops, online sales slow in key holiday quarter

NEW YORK (Reuters) - Retail behemoth Walmart Inc (WMT.N) on Tuesday reported a lower-than-expected quarterly profit and posted a sharp drop in online sales growth during the critical holiday period, sending its shares slumping more than 6 percent in premarket trade. Even as comparable sales in the U.S. market rose for the 14th consecutive quarter,…