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Tag: Wayfair Inc

Pier 1 to close nearly half its stores as bankruptcy rumors persist

Pier 1 Imports on Monday said it intends to shut up to 450 locations, or almost half of its fleet of 942 stores, as it unexpectedly reported quarterly earnings amid bankruptcy rumors.  Pier 1’s losses have been mounting, as its sales decline. And this latest quarter was no exception. Its third-quarter loss widened from a year …

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Amazon sellers react to FedEx Ground block for holidays

Amazon illustrated that its customer obsession runs deep when it told sellers this week that it would no longer let them use FedEx’s ground-delivery network during the holiday season, blaming the move on poor delivery performance. But in doing so, the move threatens to throw many third-party merchants’ businesses into a tailspin during the busiest …

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History shows Black Friday helps beaten-up retailers like Home Depot

Target’s earnings on Wednesday crushed estimates, and the stock market rewarded the retailer. But things have not been great for many other retail store brands that recently reported quarterly earnings. Still, a relief rally could be looming for some of the hard-hit retailers like Home Depot, based on a CNBC analysis of recent Black Friday …

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5 charts that show how milk sales have changed

Noel Hendrickson | Getty Images The milk industry is under pressure.  The latest sign of upheaval: Dean Foods, the nation’s largest milk maker, filed for Chapter 11 bankruptcy Tuesday. The Dallas-based company is engaged in discussions with the Dairy Farmers of America, the biggest dairy co-operative, to sell all or part of its business. That deal …

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Stay away from Wayfair’s ‘toxic’ stock

The stock of online furniture retailer Wayfair has grown “toxic,” and you should keep it out of your portfolio, CNBC’s Jim Cramer advised Monday. “This has become a momentum stock without any momentum, which is why I think you need to stay the heck away from it,” the “Mad Money” host said. “As long as …

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