This column highlights the most interesting and useful business and financial commentary on consumer companies from around the Web.
Link: Microsoft Responds to Surface Pro Battery Life, Storage Concerns
“Microsoft's Surface Pro
(NASDAQ:MSFT) hits stores on February 9, but the reviews went live last night. PCMag gave the Windows 8 tablet our Editors' Choice
, but some have voiced concern about certain features, like battery life and actual available storage.
“Today, the Microsoft Surface team, including Panos Panay, a corporate vice president at Microsoft, stopped by Reddit for an 'Ask Me Anything'
about Redmond's newest tablet.”
Fort Mill Times
Link: Macy’s, Inc. Same-Store Sales Up 11.7% in January
(NYSE:M) today reported total sales of $1.799 billion for the five weeks ended February 2, 2013, an increase of 34.6% compared with total sales of $1.337 billion in the four weeks ended January 28, 2012. The January period reflects an extra week in fiscal 2012, creating a 53-week fiscal year that occurs approximately every six years in the accounting cycle for most retailing companies.
“On a same-store basis – which includes comparable four-week periods this year and last year – Macy’s, Inc. sales were up 11.7% in January as compared to January 2012.”
Link: Target's Key Jan. Revenue Metric Tops Wall Street
“Discount retailer Target Corp.
(NYSE:TGT) said Thursday that a key revenue measure rose 3.1% in January as shoppers bought holiday clearance merchandise.
“The gain topped Wall Street expectations, and Target shares edged up $.31 to $63 in premarket trading.”
Link: Why Amazon's Virtual Coins Raise My Hackles
“When I heard about Amazon Coins (NASDAQ:AMZN), the company's virtual currency
for making Kindle Fire app and in-app purchases starting in May, I immediately grew worried.
“Amazon's customer focus, something I find sorely absent at money-extraction engines such as airlines and banks, has kept me loyal for years. I'm concerned, though, that the Amazon Coins program is a step in the wrong direction for Amazon customers.”
Link: GameStop Members May Snub Next-Gen Console Restrictions
(NYSE:GME), responding to a report about features on Microsoft Corp.’s next Xbox video-game console, said customers would snub any new machine that restricts play of pre-owned titles.
“The Grapevine, Texas-based specialty retailer, which gets almost half its profit from sales of used discs, cited surveys of its most active customers, the 21 million US members of its PowerUp Rewards loyalty program. Those buyers would be less likely to purchase a next-generation console that limits trading in pre-owned games, Matt Hodges, a GameStop spokesman, said without providing details of the surveys.”
No positions in stocks mentioned.