GLG News by Mr. Nicholas White, President
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
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IS Best Buy (BBY) Struggling To Find Direction?
April 5, 2009
Best Buy following Toys R Us into used games? | www.examiner.com
Being number one has the advantage of choice that the competitive market place rarely gives a retailer. But with choice, comes the need for discipline. Here why Best Buy's latest move should concern investors.
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Signet (SIG) Lags Jewelry Market Growth
March 31, 2009
Signet Jewelers Ests Reduced | www.zacks.com
Despite meeting analyst's earnings expectations, Signet's own numbers show they are losing market share to the independent and small regional jewelers. Here's more.
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Finlay (FNLY) Closer to Liquidation (Revised)
March 30, 2009
Zell Bros. shelves high-profile move | www.bizjournals.com
Finlay's management appears to say one thing while actually doing another. Here's why the company may be closer to liquidation than most know.
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Finlay's "Unannounced Liquidation" Spills Over to Zale's Balance Sheet
March 16, 2009
Finlay enters into new agreement with CEO: SEC filing | www.reuters.com
As Finlay methodically roles out its "unannounced" plan for liquidation, its problems begin to spill over to Zale's beleaguered balance sheet. Here's why Zale may be the fourth large jewelry to sink into financial obscurity over the next 24 months.
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Zale Board Ignores Opportunities
March 5, 2009
UPDATE 3-Zale posts loss after charges, to close stores | uk.reuters.com
With the industry in turmoil, Zale's board ignores an opportunity to reinvent the company in the wake of an industry shake out that began after Christmas 2008. Here's more.
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Exclusive Sites Depend on Surplus Goods for Prosperity.
March 5, 2009
Exclusive sites offer fashion deals to those “in the know” | www.stores.org
Niche marketing along with a surplus of goods offers exclusive online resellers short-term business opportunities. Here's more.
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Finlay's Demise Marks a Turning Point in the $65 Billion Jewelry Industry!
March 4, 2009
Jewelry vendor pulling out of Boston Store, Macy's, others | www.jsonline.com
Finlay's restructuring and likely subsequent bankruptcy marks a turning point for $65 billion jewelry industry. Here's why.
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Finlay Bondholders Buy Time at Suppliers Expense
February 27, 2009
Finlay to Exit Dpt. Stores, Close 40 of its Specialty Boutiques | www.diamonds.net
Troubled GE Capital and Falcon Harbinger bought time to get their weak balance sheets into better shape before pulling plug on Finlay Enterprises. Here's why Finlay needs new investors and soon.
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Zale Management Brings Company to Its Knees
February 25, 2009
Zale Corp. reports loss, plans job cuts | www.portfolio.com
After a long string of failures, Zale's board and current operating management has finally brought this American retail icon to its knees. Here's more.
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Finlay to Declare Bankruptcy Unless Vendors Comply-Part 1
February 25, 2009
Finlay Negotiating Terms with Vendors | www.diamonds.net
Finaly tries to delay the inevitable if it can get certain suppliers to reschedule payments for last years merchandise. Here's the deal as reported and what it means to the industry.
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February 24, 2009
RadioShack 4Q Net Drops 39% On Falling Margins, Sales | money.cnn.com
On the one hand Julian Day may be the right man for the job during a recession. On the other, his lack of vision and inexperience in specialty retailing may mean Radio Shack misses the biggest CE retailing opportunity since the advent of the category killer format. Here is why.
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Do Birks & Mayors (BMJ) Results Fore Tell Grim Times for Retail Jewelers?
February 24, 2009
Birks & Mayors Reports Third Quarter Fiscal 2009 Results | www.tradingmarkets.com
Everyone knows that the retail jewelry was one of the hardest hit sectors during the holiday season. Birks & Mayors earnings results may quantify just what "hard hit" means for the jewelry industry in general and for companies like Zale and Finlay specifically.
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Zale (ZLC), A Model for the Future or History's Footnote?
February 23, 2009
IDEX Online Research: Inflation Pace for Jewelry Slows in January | www.idexonline.com
As Zale prepares to report the worst holiday profits in the company's history, its becomes clear that mid-market jewelers must reinvent their profit model in order to survive. Here's why
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Are Walmart's (WMT) Best Day Behind It?
February 19, 2009
Wal-Mart Has Its Day | www.forbes.com
Even as Walmart thrives in this recessionary economy, changes in consumers buying behavior and rapidly declining international economies may mean its best day are behind it. Here's why.
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Declining Retail Sales Trend Likely to Continue.
February 13, 2009
Retail Sales Rebound...Just a Bit | seekingalpha.com
Despite a slightly better January, long term, declining retail sales growth is likely to continue. Here is why.
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Will the Stimulus Bill Cost Retailers a Trillion Dollars in Sales
February 11, 2009
Dissecting the Faux Stimulus Fiasco | seekingalpha.com
Unfocussed and fragmented, the spending planned by Congress will cost retailers billions in sales and thousands of lost jobs. Here's why.
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Luxury Brands Face an Uncertain Future
February 10, 2009
The future of luxury: custom fashion, cheap chic | online.wsj.com
Over expansion of uber-luxury brands and falling demand for others means a slower growth and higher operating costs for this industry segment. Here's why.
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Has Kellogg Ignored the Customer?
February 10, 2009
Kellogg Shrinks Cereal Boxes to Add Store Shelf Space | www.bloomberg.com
Shopping behavior is hard to change. Kellogg's new packaging initiative may undersestimate what it costs to change customer's minds.
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Macys (M) Job Cuts Will Only Harm the Franchise More
February 5, 2009
Macy's Takes Marketing Local, Cuts Jobs Nationwide | adage.com
Weak top line sales and an even weaker balance sheet can't be attributed to the recession. Here is why Macys current strategy can't compensate for weak leadership and and an even weaker business strategy.
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Will the Recession be Blue Nile's Undoing?
January 27, 2009
2-Star Stocks Poised to Plunge: Blue Nile? | www.fool.com
Blue Nile's wasn't the first company to try to reinvent the retail diamond industry. Here's why changes in the consumer and in the diamond pipeline will be their eventual undoing.
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