The News Review:
- Retailers rejoice: Cyber Monday sales figures rise
- Another Month of Miserable Auto Sales
- Merck Provides 2009 Financial Guidance; Reaffirms Guidance for …
- Wal-Mart Reports November Sales
- Virage Logic Expands Global Sales Channel to Address Growing …
Retailers rejoice: Cyber Monday sales figures rise
Los Angeles Times CA
Another online merchant that saw a sales jump was Newegg Inc. a consumer electronics retailer based in City of Industry. The site said its sales surged 169% on Black Friday compared with the same day last year. “All online retailers are doing much more aggressive marketing” said Bernard Luthi vice president of marketing and merchandising at Newegg which offered a 42-inch LCD television for $499 on Black Friday. “Customers are starting to see online buying as an integral part of their holiday shopping. “Many sites hoping to keep up the momentum have extended their Cyber Monday specials into the week Lipsman said. “But the reality is that the economy is so tight that strong profits are out of the question for the majority of retailers” he said.
Another Month of Miserable Auto Sales
New York Times United States
7 percent in November to the lowest rate in 26 years as the dour economy and tight credit markets made for another lonely month at dealerships around the country. “It feels like we’re back in 1982 right now” said Bob Carter a.
Merck Provides 2009 Financial Guidance; Reaffirms Guidance for …
MarketWatch
Elements of Long-Term Guidance The Company had previously provided guidance on the 2005 to 2010 time period. Merck anticipates non-GAAP revenues including 50 percent of the revenues from our joint ventures will have a compound annual growth rate of 2 to 4 percent from 2005 to 2010. Merck’s GAAP reported sales excluding 50 percent of the revenues from our joint ventures are expected to have a compound annual growth rate of 1 to 3 percent from 2005 to 2010. Non-GAAP EPS compound annual growth rate from 2005 to 2010 is expected to be in the mid-to-high single-digits excluding certain items. Merck anticipates EPS compound annual growth rate on a GAAP basis to increase by double-digits over the same period. The non-GAAP EPS guidance excludes restructuring charges and net tax charges of $0. 43 per share in 2005 and anticipated charges related to the 2008 restructuring program of $100 million to $400 million in 2010.
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Wal-Mart Reports November Sales
MarketWatch
At Seiyu in Japan comparable store sales increased in the low singledigits. Food and consumables sales were higher driven by strong traction ofthe shift to every day low pricing in key categories. Apparel and generalmerchandise sales were lower but improved from prior months due to focusedmarketing efforts. Higher average ticket and customer count contributed to a comparable storesales increase in the mid single digits at Wal-Mart China and in the highsingle digits at Trust-Mart. Guidance “Providing sales guidance is difficult given today’s external economicenvironment” said Tom Schoewe executive vice president and chief financialofficer. “Having said that we expect comparable store sales for the Decemberfive-week period to be near the high end of our previously stated fourthquarter guidance of one to three percent. The December period runs from Saturday Nov.
Virage Logic Expands Global Sales Channel to Address Growing …
MarketWatch
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