At Walmart, Black Fridays Isn’t Just For Fridays; Macy’s Third Quarter Mixed Emotions; SeaWorld’s Earnings Belly Flop

You didn’t get the memo?

Image courtesy of Feelart/FreeDigitalPhotos.net

Image courtesy of Feelart/FreeDigitalPhotos.net

Big things are happening at the world’s largest retailer, Walmart, just in time for the holiday chaos. Remember the day when Black Friday was just that? One single Friday? Well, at Walmart, those days are long gone as a new era of holiday shopping ushers in a  five-day Black Friday. Beginning the last week of November and through to the first week of December, Black Friday deals can be had for several days, beginning on Thanksgiving Thursday, at 6pm – that is, in case you’ve had your fill of tryptophan and pumpkin pie by then. Even better is the “urgent agenda” memo recently sent out to Walmarts 5,000 stores basically telling them to clean up their act in the “chilled and fresh” departments. Employees are advised to ask themselves, “Would I buy it?” when determining if meat, dairy and produce should be chucked from the shelves, discounted, or sold for full price to unsuspecting customers.

Tis’ the season…

Image courtesy of jscreationzs/FreeDigitalPhotos.net

Image courtesy of jscreationzs/FreeDigitalPhotos.net

Macy’s had a decent quarter. Sort of. The retailer scored a profit of over 30%, pulling in $217 million and $0.61 per share. A year ago Macy’s posted a $177 million profit at $.47 per share. However, its sales numbers failed to impress dropping to $6.2 billion from $6.3 billion a year earlier. But because the company is entering a 4th quarter with a potentially frenetic and lucrative holiday shopping season, it doesn’t feel a need to dwell too much on the disappointing numbers, hoping its fourth quarter digits will erase any fiscal anguish.

Tank’d…

Image courtesy of bandrat/FreeDigitalPhotos.net

Image courtesy of bandrat/FreeDigitalPhotos.net

Looks like people aren’t feeling the love for Shamu, or rather the fact that the Orca and his water-loving pals aren’t joyfully frolicking in a more natural habitat. At least, judging by SeaWorld’s third quarter earnings which tanked (slight pun intended) on all fronts. Earnings came in at at close to $496 million but that was a whale of a loss from the $538 million it took in last year at this time. Net income also took a dive taking in only $87 million, a more than $30 million loss of last year’s $121 million figure. It seems SeaWorld just can’t shake all the bad press it received courtesy of the “Blackfish” documentary. While 8.4 million people visited SeaWorld parks this quarter, it was still a 5% decrease over last year’s third quarter, and the ones who did actually grace Shamu with their presence didn’t spend as much money there as in previous years either. Then there’s issue of that lovable rodent we call, Mickey over at Disneyworld/land, who together with his pals Harry Potter and Cinderella, are definitely taking a big chunk out of SeaWorld’s dwindling attendance.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s