-
Bed Bath & Beyond sales, earnings up in Q2
UNION, N.J. — Bed Bath and Beyond's earnings per diluted share for its second quarter rose 5.4% from 98 cents ($224.3 million) from 93 cents ($229.4 million) last year.
The company reported net sales of approximately $2.6 billion, an increase of approximately 12.1% from net sales of approximately $2.3 billion reported in the fiscal second quarter of 2011. Comparable-store sales in the fiscal second quarter of 2012 increased by approximately 3.5%, compared with an increase of approximately 5.6% in last year's fiscal second quarter.
-
Walmart won’t showroom Kindle anymore
Widespread media reports have Walmart discontinuing the sale of Amazon’s popular Kindle devices, which begs the questions what took so long and will we ever see a Walmart tablet.
Walmart’s decision to begin selling the Kindle was one of the more wrong-headed moves the company has ever made. A Kindle is Amazon’s version of a Gillette razor, essentially a device that provides consumers a portal to purchase Amazon’s other inventory, or in Gillette’s case, more blades. Target wisely gave Kindle the boot earlier this year.