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Children’s Place Retail Stores, Inc. (NASDAQ:PLCE) is popping after the company said it sees significantly lower product costs for back-to-school. In other good news, the turnaround in Canada has begun and execs expect sales continuing to improve sequentially in the back half of the year. On the eCommerce front, the company sees double digit sales growth this year. Shares of Children’s Place Retail Stores, Inc. are trading 6.02% higher today.
Investing Insights: Walmart Makes More Money on Lower Prices.
Dollar Tree, Inc. (NASDAQ:DLTR): Wal-Mart Stores (NYSE:WMT) is making big bets their small urban stores called Walmart Express will fight off competition from dollar store chains. The news is taking a bite out of some dollar store favorites. Shares of Dollar Tree, Inc. are trading 3.58% lower today.
GameStop Corp. (NYSE:GME) earnings are out, and they suck (again). The company reported Q1 revenue of $2 billion versus Wall Street’s consensus for $2.05 billion. Sales in the pre-owned games were down slightly. Important sales of new hardware and software declined more than expected. Shares of GameStop Corp. are trading 6.77% lower today.
NetEase, Inc (NASDAQ:NTES): CEO William Ding offered some peppy chatter for investors: “Diversification through the introduction of self-developed games is a key theme in 2012. We are on track to commercialize a number of new titles this year that showcase innovative content and leading technology. In Q2/Q3 of 2012, we plan to initiate beta testing of several highly anticipated games in our pipeline, including 3D ARPG, Soul of Warrior, 2.5D MMORPG, Wu Hun, 3D action real-time strategy, or DotA, game, Heroes of Three Kingdoms, and a next generation 3D action MMORPG, Dragon Sword. With respect to our licensed games, we are pleased to have renewed our contract with Blizzard Entertainment to continue our existing cooperation on Blizzard Entertainment’s World of Warcraft in mainland China. We look forward to releasing Mists of Pandaria, the fourth expansion to World of Warcraft, in mainland China as soon as possible.”
Shares of NetEase, Inc are trading 5.88% higher today.
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