Household HSBC Watch

Another HSBC merchant is going out of busiiness. CompUSA, the computer retailer that Mexican billionaire Carlos Slim owned since 2000, will shut its doors after 23 years, succumbing to competition from Best Buy Co. and Wal-Mart Stores Inc. On the CompUSA website it says “Same as Cash offer on approved purchases made on […]

August 2005 - Rhodes, a 126-year-old furniture company, filed a reorganization plan on June 20 and said it intended to emerge from bankruptcy this fall. Rhodes had already closed three Homemakers stores in the Chicago area last year. Retail experts speculated that Rhodes is closing stores to help it emerge from bankruptcy as a […]

Shoppers may have noticed tax preparation kiosks in Walmart stores. You will see them again soon as Walmart and H&R Block have joined forces to increase profitability. H&R Block’s RAC’s and RAL’s, the popular but costly refund anticipation loans, are backed by predatory lender Household International. Household, now a wholly owned subsidiary of […]

Investors Business Daily reported just 22 hours ago on Google News “Best Buy beats Wal-Mart on price, others are close.” The article is “no longer available” according to IBD’s website. Google’s overview of the article shows “It’s cheaper to buy electronics at Best Buy Co. than it is at Wal-Mart Stores Inc., an […]

Motley Fool
Sad Saks
Tuesday November 16, 2:22 pm ET
By Seth Jayson
What are the odds that a retailer based in the southern U.S. would blame hurricanes for an unexpected loss last quarter? For those of you who love the old weather excuse, Saks (NYSE: SKS - News) has got you covered.

The Alabama-based retailer — yeah, […]