What's got Wall Street and Main Street buzzing right now? Here aresome of the items that will help shape the week that lies ahead. 1. Game Off or Game On?: Last week was rough for video game fans. Two companies announceddelays of upcoming titles. GameStop ( GME ), the leading video game retailer, announced a 12.5% slide insame-store sales for its latest fiscal quarter. The clincher came on Thursday night, when sales tracker NPD Groupreported that new software disc sales fell a mind-numbing 42% inApril. Hope arrives in small boxes tomorrow. Activision Blizzard's ( ATVI ) Diablo III and Take-Two Interactive's ( TTWO ) Max Payne 3 hit retailers tomorrow. Max Payne 3 is the previously delayed installment in Take-Two's popularthird-person shooter franchise. It will be available for Xbox 360and PS3 consoles as well as a PC game. Diablo III will be the bigger release. Amazon recently revealed that Diablo III has become the online retailer's most pre-ordered PC game of alltime. Even if it's only a computer game, it will get plenty ofdie-hard gamers excited. 2. He's a Stern Judge: Radio shock jock Howard Stern leaps into prime-time television asthe new judge on America's Got Talent this week. His arrival has been hyped up by NBC for months. Stern even starredin a Super Bowl commercial earlier this year promoting his new gig. It will be interesting to see what kind of effect this has onSirius XM Radio ( SIRI ). Stern has more than three years left on his satellite radiocontract, and his appearances on the TV show won't get in the wayof his morning radio show. A bullish case can be made that Stern'sstar power will grow as the show reaches TV viewers, and that theexposure will result in new premium radio subscribers for SiriusXM. The bearish side of the argument is that Stern recently came upshort in a bid to sue Sirius XM for stock option grants that heclaims were owed as part of the merger between Sirius and XM. IfStern uses his growing star power to badmouth Sirius XM or wigglehis way out of the contract, that would obviously be a negative forthe media company. 3. What We Think About Penney's: When J.C. Penney ( JCP ) hired Ron Johnson as its new CEO, investors went wild. Johnsonhelped give Target ( TGT ) its "cheap chic" allure before heading over to Apple ( AAPL ) in time to launch the tech giant's wildly successful foray intoretail. The fruit of Johnson's turnaround labor was a new store layout thatemphasizes popular brands and a "Fair and Square" pricing strategyoffering everyday low prices instead of frequent sales andperpetual markdowns on older inventory. We'll get a first taste on how shoppers are taking to the "Fair andSquare" strategy that was implemented in February when the retailerreports tomorrow. Unfortunately, analysts are expecting a smalldeficit on a slight dip in sales. 4. Retail's Whales: J.C. Penney isn't the only retailer stepping up this week.Earnings season now shifts largely to stores. Many chains end theirfiscal year by the end of January to fully account for holidaysales, returns, and gift card redemptions during final fiscalquarter. The e-commerce company in China offers quality products such as China Checkpoint Security Tag , Promotional Keychains Manufacturer, and more. For more , please visit Badge Holder Clip today!
Related Articles -
China Checkpoint Security Tag, Promotional Keychains Manufacturer,
|