Consumer Biz Roundup: Disney Launches BABY Stores, AEO GOES To The Philippines
Chief Executive Eddie Lampert of Sears Holdings Corporation (NASDAQ:SHLD) bought approximately 2.4 million shares at $52.75 earlier in the week, according to a Securites and Exchange Commission filing. Shares are still feeling the impact of being delisted from the S&P 500 Index, even though many observers keep their faith in Lampert as Sears’ CEO.
Don’t Miss: Here’s Disney’s New Expansion Strategy.
The Walt Disney Company (NYSE:DIS) will launch its premiere Disney Baby retail store in California while it attempts to build out a new brand of baby products. It’s hoped that such items as Peeking Pooh Premiere Crib Bumpers at $69.99 will populate nurseries nationwide in the near term.
General Motors Company (NYSE:GM) set an August sales record in China with over 220,000 vehicles getting moved, which is up 7.3 percent year-over-year, and 10.8 percent month-over-month. GM operates through three different joint ventures in that country, and all experienced brisk sales gains. Meanwhile, Ford Motor Company (NYSE:F) posted impressive figures itself in China, with the 48,000 units sold representing a 39 percent year-over-year rise. For its part, Ford intends to double its output capacity to 1.2 million vehicles by 2015.
American Eagle Outfitters, Inc. (NYSE:AEO) has plans to expand into the Philippines through a licensing agreement with the well known Suyen Corporation. The first AEO stores in the country are set to debut in the spring of 2013.
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