Just 78 days till Christmas and retailers are painting a consistent picture of the holiday season. The National Retail Federation says it expects holiday sales to increase 3.7%. Predicted holiday sales in will reach $630.7 billion, rising at a rate significantly higher than the 10-year average of 2.5% percent. Last year sales rose 4.1%.
It is earnings season again and Domino’s is delivering to your door this morning. They reported profits of $37.8 million. The pizza chain posted revenue of $484.7 million in the quarter. Domino's Pizza shares have risen 15% since the beginning of the year. (AP)
Costco reported flat comparable store sales for September that beat estimates for a 0.8% decline. Excluding gasoline and currency impact, sales increased 8%. (CNBC)
The beer world is getting a little foamy. The worlds largest spirits maker, Diageo, may sell its beer division to brewer SABMiller, according to the New York Post. SABMiller could use such a deal to help it fend off a takeover attempt by rival brewer Anheuser-Busch InBev.
Dell, the world's third-largest maker of personal computers, is in talks to buy cloud computing company EMC. The market is currently valuing EMC at about $50 billion as of Wednesday's close. (Reuters)