Keeping you informed is one of our goals at The Motley Fool. So just in case you missed it, here's a recap of what happened this week in the retail sector, as reported from our best and brightest.
Monday
Nautical CEOs and board members announced they were jumping ship at Pier 1 (NYSE:PIR) and J. Crew (NYSE:JCG). Pier 1 has been in trouble for some time, so CEO Marvin J. Girouard's resignation doesn't really come as a big surprise. However, as Alyce Lomax pointed out, the report from J. Crew leaves some lingering questions.
Tuesday
On Tuesday, Seth Jayson wrote about another resignation. This time it was from Seth Johnson, CEO of Stock Advisor selection Pacific Sunwear (NASDAQ:PSUN). Seth's never one to mince words, so I encourage you to check out his stuff.
Wednesday
Pier 1 was back in the news with what, on the surface, looked like very bad news (canceling the dividend is usually not a good thing). However, our own Nate Parmelee gives us his more insightful thoughts on the matter here.
Wednesday brought us into shark-infested waters. Sorry, I meant lawyers were in the news as Coach (NYSE:COH) claimed Target (NYSE:TGT) was selling counterfeit bags. Target denies the claim. We'll let you know how it plays out.
Hey, do you know why sharks don't bite lawyers? Professional courtesy. Is this thing on?
Thursday
Thursday was a strange day for retail. Lots of good numbers, but many stock prices moved the other way. I give you my thoughts on the matter here.
We also learned from Rick Munarriz that not all electronics retailers are generating windfall profits from the popularity of home entertainment products. And it's even more disconcerting that home entertainment is Tweeter's (NASDAQ:TWTR) main business.
Friday
Whoa! That's today. Better check out the site to see what's going on.
So that's the week that was in retail. Tune in next week to see what Foolishness our best analysts will have in store for you then.
Retail editor and Inside Value team member David Meier does not own shares in any of the companies mentioned. You can view his TMF profile here. The Fool takes its disclosure policy very seriously.
