Wednesday, March 26, 2014

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Thursday, March 20, 2014

Winn Dixie Employee Reportedly Uses Coupon Codes to Obtain Money

An employee at a Winn Dixie store in DeLand, Fla. reportedly used fraudulent codes from coupons to obtain money from her place of employment.

Ibilola Badmus, of Sanford, Fla., was charged with grand theft of more than $20,000 according to Volusia County Branch jail records Price Compare-codes&tc=ar">The Daytona Beach News-Journal reported Wednesday.

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The incident reportedly cost the store thousands of dollars denting the retail location's revenue fund The News-Journal reported Wednesday.

Employees began to see a decrease in financial reports from the coupon use in February, which amounted in large quantities according to Brandon Haught, spokesman at the Volusia County sheriff's department The News-Journal reported.

Loss prevention officers tracked the transactions back to Badmus when they discovered her coupon activity which totaled $23,000 dating back to November.

Badmus reportedly acknowledged her activity stating she needed the money to fund medical bills from her ill child, which she said was $10,000 The News-Journal reported.

"An internal investigation revealed that it wasn't coupon-cutting customers causing the problem but rather an employee," Haught told The News Journal.

Employees then told the Sherrif's Office, and officers subsequently gathered evidence from the store, and questioned Badmus.

Three thousand dollars of the money was found in her bank account, which was given in to the Sherriff's office by Badmus's husband.

Winn Dixie has over 480 stores throughout Alabama, Florida, Georgia, Louisiana, and Mississippi. Three hundred and eighty have pharmacies inside them in according to information on the retailer's website. The company also employs 63,000 people.

Winn Dixie offers a variety of different brands at its various stores. These include, Topcare, Paws, Fisherman's Wharf, Chek, Prestige, Kuddles, Valu Time, Winn and Lovett, Winn-Dixie Organics and Naturals, and Winn-Dixie which has more than 2,800 products according to information on its website.

The stores sell meat, produce, bakery, deli, floral, and kosher products.

Saturday, March 15, 2014


There is no other time of the year that compares to what is about to take place next week. That of course is March Madness and the NCAA Tournament. As conference championship week dwindles down to a close the NCAA Tournament bracket is quickly filling up as teams continue punching their tickets everyday. Presently there are 13 teams who have done just that by winning their respective conference tournaments.

As each year comes and goes so too do prices NCAA Tournament tickets which have increased each of the past three years. For instance in 2012 the average ticket Best Buy for the tournament was $215, in 2013 it went up more than 11% for an average price of $240 and this year its over $50 more than last year clocking in at a steep $292.

Getting a little deeper into the ticket data, we see that the East Region has an average price of $691, more than double the price of any other region. Currently, the West Region is averaging $287, the Midwest Region is averaging $263, and the South Region is averaging $226. Having a venue like Madison Square Garden hosting this year's East Regional is clearly driving up demand and ticket prices. If a team from the New York area, like Syracuse, ends up making it to the Sweet 16 in The Garden, expect to see that average price increase dramatically.

That astonishing average price of the East Region, up 114% from last year alone, is the highest of any we have on record with the next closest being the 2013 West Region which went for $342. In fact the East Region has such a high average ticket price this year that only the Final Four All Sessions ticket is the only one that is more expensive at $1,100 while a regular Final Four ticket goes for $641 and the Championship Game at $631. Ironically, the average price Final Four tickets this year is currently $641, with a get-in of $142, and is the only round that has a lower average price this year compared to both 2012 and 2013. Those two average prices for Final Four tickets were $723 in 2012 and $888 in 2013. This is most likely due to match-ups and fans of those final four teams driving up demand and price. Obviously, with this year's final four match-ups still weeks away from being decided fans are still waiting patiently to see if their team makes the big dance.

Wednesday, March 12, 2014

SolarCity To Consult, Sell In Best Buy Stores

SolarCity ( SCTY) on Wednesday announced a partnership with Deal News Buy ( BBY) to launch in-store residential solar-panel consulting and sales in more than 50 of the retailer's locations.

"A SolarCity representative at each participating Best Buy location will be able to provide Best Buy customers with a satellite-based assessment of their home's solar power potential in minutes," SolarCity wrote in a Wednesday blog post.

SolarCity stock was up 6.5% in midday trading in the stock market today, while Best Buy stock was down a fraction. SolarCity, which carries a strong IBD Relative Strength Rating of 98, was trading near 78.30 midday Wednesday. It touched its all-time high of 88.35 on Feb. 26.

The companies also launched a website,, that as of midday Wednesday listed the program's first 52 stores, most of which are in Arizona and California, with a few in New York and one in Oregon. SolarCity says it plans to launch in 60 stores, including at least one in Hawaii.

Best Buy, which recently said it views itself as an online-first retailer, has had difficulty drawing consumers to its stores. At least some of the foot traffic in Best Buy stores is using the store as a de facto showroom for online retailers such as ( AMZN).

SolarCity says the in-store program is aimed at educating homeowners who may be "interested in solar power" but don't realize "that solar is much more affordable today than it was three years ago."

Best Buy stores have in the past similarly partnered with Google ( GOOG) to showcase the search giant's line of Chromebook computers. Many Best Buy locations also have in-store Apple ( AAPL) showcases and Samsung showcases.

Follow Kevin Shalvey on Twitter at @IBD_KShalvey

Related: First Solar Plunges On Q4 Earnings, Revenue Miss

SolarCity Stock Revives Before First Solar Q4 Report

Wednesday, February 26, 2014

'Threes!' Update Hits: Next Card Display Tweaks and The Ability to Skip Signing Added

<Amazon Deal Onlinep> Threes! [$1.99] has been glued to the top of its charts since release, and for good reason. It's an absolutely fantastic game, that has been ridiculously popular in our forums. Forum members have been sharing strategies, deconstructing the game, and even building bots that play it. It's been an incredibly phenomenon to watch unfold, and one I'm sure developers Greg Wohlwend and Asher Vollmer couldn't have possibly predicted when they were originally coming up with concepts for the game.

If you don't have it yet, you really should get it. If you do have it, rush on over to the App Store and download the latest update if your phone hasn't automatically grabbed it yet. It's got two major quality of life improvements for serial Threes! players. First off, you can skip signing your name at the end of every game, to get right back in to your Threes! combining action. Additionally, a "+" now appears next to the upcoming card if it's going to be more than three.

The "+" is going to be awesome, as previously when a white card was up next you hoped it was a three, but it could be a bunch of different numbers that can really mess up your board state. The new "+" display will hopefully make late game Threes! a little less frustrating as now players will know for sure if they're getting a one, a two, a three, or something more than that.

2 Threats to's Future Growth

When a company is expected to grow earnings by 40% plus over the next several years, any threat to this earnings growth should be carefully considered by investors. Though NASDAQ: Buy ( AMZN ) seems to want to be everything to everyone, there are at least two major threats that could hurt this company's potential.

A well-known issue everyone seems to ignore
There should be little doubt that one of the prime reasons many people shop online is to avoid paying sales tax at the point of sale. Though some believe that Amazon's competitive advantage is convenience, the economy of the last several years has taught many people to watch every dollar they spend.

It just makes good sense that if a consumer can buy the exact same product from Amazon and avoid paying sales tax they will do so. To combat this challenge, companies like Wal-Mart Stores ( ) are willing to continually cut prices to compete with their online counterparts. Though size clearly plays a part, Wal-Mart's U.S. sales growth came in at just 2.4% in the company's last quarter.

With over 4,000 locations domestically, Wal-Mart is probably a better proxy for the domestic marketplace than Amazon. However, there should be little doubt that the ability to avoid sales tax by purchasing on Amazon is hurting the physical retailers' sales.

Though some might believe sales tax won't be an issue, it's hard to ignore the obvious slowdown in Amazon's overall sales growth in concert with more states requiring sales tax be charged to its customers. Currently, 19 states require Amazon customers to pay sales tax. Not coincidentally, Amazon's worldwide trailing 12 month sales growth has slowed sequentially from 29% in the fourth quarter of 2012, to 24% in the fourth quarter of 2013.

As Amazon continues to expand, more states will certainly require sales tax to be collected, or a nationwide online sales tax may become law. This sales tax issue is a huge competitive difference between a company like NASDAQ: eBay ( EBAY ) and Amazon.

Most of eBay's sellers generate less than $1 million in out-of-state revenue, which would exempt them from collecting sales tax under the current version of the bill. In short, eBay could become a haven for tax avoiding customers.

With more than 60% of Amazon's revenue coming from general merchandise and electronic sales, this might be the most significant threat facing the company today.

A Prime concern
A second threat to Amazon's future actually comes from one of the company's most popular features. Amazon Prime members pay $79 per year for many benefits including free two-day shipping and streaming of thousands of instant video titles, this could change in the future.

Amazon has suggested that the Prime service may be too expensive to maintain the $79 annual price. If the company raised the price by $20 to $40 as has been suggested, Amazon could lose a significant portion of its membership.

In fact, a poll by Bizrate Insights of 200 customers found that 46% thought that the existing $79 price for Amazon Prime was too high. It's not hard to imagine these customers choosing to cancel their membership if Amazon goes through with a price hike of at least 25%.

eBay would seem to be a natural destination for jilted Prime members. The company offers a discount on seller's fees if they offer free shipping and meet certain criteria. Though eBay may not show the same type of revenue growth as Amazon, the company's Marketplaces business has consistently grown users at a double-digit rate, and its fixed price merchandise volume increased by 19% on a year-over-year basis.

In addition, if shoppers are looking for convenience, Wal-Mart's vast number of locations in everyday low prices could draw Prime members back into the stores. Wal-Mart could also one up Amazon at its own game by using its store locations as mini shipping warehouses.

Amazon claims that its Prime service has "millions of members." Imagine these customers having to choose whether to pay a higher annual price for Prime, while simultaneously having to pay sales tax on their purchases where they did not before. For a stock that still trades at a forward P/E ratio of more than 180, a continued slowdown in the company's revenue growth could mean the recent hit to the stock price is only the beginning.

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Digital discounter sets terms for $130 million IPO, a digital network of Amazon Sales, online coupons, loyalty card promotions and mobile coupons, announced terms for its IPO on Tuesday. The Mountain View, CA-based company plans to raise $130 million by offering 10 million shares at a price range of $12 to $14. At the midpoint of the proposed range, the company would command a fully diluted market value of $1.1 billion., which was founded in 1998 and booked $168 million in sales for the fiscal year ended December 31, 2013, plans to list on the NYSE under the symbol COUP. initially filed confidentially on October 25, 2013, and plans to price the week of March 3rd. Goldman Sachs, Allen & Company, BofA Merrill Lynch and RBC Capital Markets are the joint bookrunners on the deal.