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Nordstrom, TJMaxx earnings report upbeat; Kohl's is down
Retailers are experiencing a mixed season, so are the department stores. Not a lot of consumers are going in hoards to spend their money in department stores. It may be due to this year's later Labor Day, or maybe they'd rather be in the beach than shopping in the malls.
Disney knows The Force is strong with Star Wars merchandise as it plans to push sales
Disney's plans to push Star Wars merchandise with such great force is headed certainly headed to success. Last year, Frozen merchandise sales brought Disney massive success, giving its segment revenue a double-digit growth. But Star Wars merchandise won't be the same as Frozen, because of the demographics.
Athens goes for gas grid privatization
The crisis-hit European nation Greece is heading towards privatization of its energy sector. The country is also in favor of reforms in several sectors to give a new life to the ailing economy.
Walmart reduces working hours at some stores after raising pay, thus raising cost
Walmart reduces working hours on some of its outlets. Allegedly, the action is intended to compensate for the higher wages it pays employees.




