129 Fred’s Stores Will be Closing Soon

Fred’s, a discount merchandise retailer announced that they are planning on closing another 129 stores and have sales in an attempt to pay off accumulated debt. Joseph Anto, Fred’s CEO said: “While it is never easy to make decisions that impact our valued employees and customers, this initiative represents another necessary step in our continued […]
  • Vladimir Sumina
  • July 12, 2019
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CANNABIS: SALES SPIKED FOR THE “FOURTH OF JULY” SEASON

In previous years there have been records of very high spending on beers, fireworks, and wines during the week before the USA’s Independence Day, the reverenced Fourth of July.  This year, cannabis has joined the charts of America’s top spending for the Fourth of July, recording sales of 400 million dollars in the week before […]
  • Augustine Ojeh
  • July 10, 2019
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SeaWorld stock skyrockets

Are the “Blackfish” problems over? After SeaWorld’s earnings report on Monday, the aquatic entertainment park/zoo saw its shares rise over 15 percent. Visitors to the park increased by five percent in the second quarter, which is the second straight quarter of increases. This is positive for the SeaWorld, which has seen a drastic fall in […]
  • Ben Norman
  • August 6, 2018
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Apple reaches $1 trillion

That’s a lot of zeroes On Thursday, Apple officially became the first American public company to reach $1 trillion in value. Their stock rose over $207 on the day, allowing the company to cross that milestone. Apple’s shares jumped on Wednesday after their earnings report exceeded expectations, which caused the climb. This stems from the […]
  • Ben Norman
  • August 3, 2018
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Huawei becomes second largest smartphone seller

Huawei is thriving…for now Chinese smartphone manufacturer Huawei announced this week that it has surpassed Apple as the second largest mover of smartphones. The company reported that in the second quarter of this year, they sold roughly 54 million phones, which represents a 40 percent year-over-year increase according to various research firms. In fact, last […]
  • Ben Norman
  • August 2, 2018
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Sweethearts manufacturer will close

Not so sweet ending The parent company of the manufacturer that makes Necco and Sweethearts announced over the weekend that has closed abruptly. Round Hill Investments, the parent company, reported that it will sell its Necco brands to another manufacturer and close its factory in Revere, Massachusetts, effective immediately. This comes after their $17 million […]
  • Ben Norman
  • July 30, 2018
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Amazon beats Q2 expectations

Amazon continues to dominate Amazon exceeded investors’ expectations in the second quarter, causing their stock to jump almost four percent on Thursday. In fact, Amazon more than doubled analysts’ forecasts last quarter. They posted a $2.5 billion profit, $52.9 billion in revenue, and $5.07 per share. In fact, there’s a chance that Amazon might double […]
  • Ben Norman
  • July 27, 2018
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Under Armour continues to struggle

Under Armour faces major cash problem On Thursday, Under Armour announced that it will add $80 million to its previous $130 restructuring plan. The sports apparel company also announced losses of almost $96 million last quarter, compared to just $12.3 million last year. The company is shifting its focus away from expensive shoes and apparel […]
  • Ben Norman
  • July 26, 2018
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Hasbro bounces back from underperformance

Hasbro avoiding turning into a has-been? Ever since Toys “R” Us closed, Hasbro has been struggling to generate sales and keep their profit margins up. However, in Q2 of this year, the toy manufacturer may have turned over a new leaf. Sales were still down by 7 percent last quarter, but they still exceeded expectations […]
  • Ben Norman
  • July 23, 2018
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