Michelle Obama’s ‘Becoming’ could become best-selling memoir ever

Michelle Obama’s memoir “Becoming” is closing in on 10 million copies sold since its release in November, and it’s on pace to set a sales record, according to figures cited in the Wall Street Journal from publisher Penguin Random House “We believe this could be the most successful memoir in history,” said Thomas Rabe, CEO of Bertelsmann SE, which owns […]

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New generation of startups threaten blue-chips like CVS and UnitedHealth

If you want to understand business innovation’s cutting-edge approach, the online watch retailer Watch Outfitters, founded by 17-year-old Jonah Saya, is a good place to start. On the surface, it seems like just another online retailer. Probe deeper, though, and you notice an interesting distinction. Saya doesn’t make or sell the watches—a Chinese manufacturer does. He doesn’t ship any orders—a […]

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Why Michaels Earnings Are So Great

When Michaels Companies Inc. (NASDAQ: MIK) reported its fiscal fourth-quarter financial results before the markets opened on Tuesday, the craft store posted $1.44 in earnings per share (EPS) and $1.79 billion in revenue. That compares with consensus estimates of $1.42 in EPS and $1.78 billion in revenue, as well as the $1.19 per share and $1.89 billion posted in the […]

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Why DSW Earnings Fell Short in Q4

When DSW Inc. (NYSE: DSW) released its fiscal fourth-quarter financial results before the markets opened on Tuesday, the shoe chain said that it had a net loss of $0.07 per share and $843.4 million in revenue. Consensus estimates had called for $0.04 in earnings per share (EPS) and $841.53 million in revenue. And the same period of last year reportedly […]

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Kirkland’s stock slides 10% premarket as profit and guidance fall short

Shares of home decor retailer Kirkland’s Inc. KIRK, -0.67% slid 10% in premarket trade Friday after posting weaker-than-expected profit in the latest quarter and offering guidance that was below consensus. Nashville, Tenn.-based Kirkland’s said it had net income of $14.2 million, or 95 cents a share, in its fiscal fourth-quarter to Feb. 2, up from $12.9 million, or 79 cents […]

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