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Are Wal-Mart stores unprepared for storms?

Wal-Mart parking lot If you've been paying attention to the stock market and Fed rate cuts this week, you may have noticed that a deadly ice storm has crossed the plains from Kansas to Oklahoma to Missouri. Over a million people have been left without power due to ice felling power lines, and schools across all three states have been closed almost this entire week. In Oklahoma alone, all 77 counties in that state have been declared in a "state of emergency." Not good.

What to do when half of the town is without power and it's right at the freezing mark? Find relatives or friends to visit (and stay the night with), find a nearby hotel and check in (if it has power), or spend all day in retail stores to occupy the kids and keep them from climbing the walls in your powerless home. So, let's bring in the world's largest retailer -- Wal-Mart (NYSE: WMT). I visit one of the retailer's locations every week to perform research. Could not do this part of Monday and Tuesday of this week, though -- a loss of power caused a local Wal-Mart Supercenter to be completely shut down. See the picture to the right? Ever see a Wal-Mart parking lot that empty?

Continue reading Are Wal-Mart stores unprepared for storms?

A change in chart rule puts Eagles on top of Billboard

Contrary to reports published last week, Billboard has announced this morning that the Eagles' new album Long Road Out of Eden is the number one album in the Billboard 200, beating the Britney Spears "comeback" album. The announcement comes after a change in chart rules that "will now allow exclusive album titles that are only available through one retailer to appear on The Billboard 200 and other Billboard charts." According to the report, Nielsen Soundscan places the album at number one with 711,000 copies sold, primarily at Wal-Mart Stores, Inc. (NYSE: WMT) stores. Spears' new album Blackout is charting at number two (it would have been number one) with 290,000 copies sold.

The change is also a product of the new methods that music is beginning to be distributed through in the market, with Billboard's chart director Geoff Mayfield noting "it was inevitable that Billboard's charts would ultimately widen the parameters to reflect changes that are unfolding in music distribution." Before this, exclusive albums like the Eagles album sold exclusively by one retailer were only eligible for the Top Comprehensive Albums chart, which primarily tracks catalog releases. The change also came about because Wal-Mart chose to report the data for the high sales of the album.

It may dismay Britney fans out there that defiantly defend her, but in the end it is a nice position for the Eagles to chart with their new album. More importantly, this kind of change by Billboard indicates that as the record industry shifts and changes with regard to digital releases and limited physical release availability (the Eagles' album is not the first and won't be the last exclusive title from any store), charting practices will stay on top of the game. Of course, the most surprisingly and perhaps best news to come out of this change is just the sheer number of copies sold at Wal-Mart stores for the album. Maybe the CD still has life in it yet, but it could also point to the generational gap that exists with music listeners and buyers in today's market.

Britney Spears set to top charts in Eagles potential absence

Britney Spears is set to top the Billboard 200 and Top Comprehensive albums this week, despite potentially higher sales by the Eagles first album in 27 years: Long Road Out of Eden. Sales of Britney's Blackout sat at 124,000 copies yesterday according to Billboard and the album is expected to sale about 200,000 - 250,000 more before the end of the charting week. In 2003, Britney's In the Zone album sold over 600,000 copies in its debut week, which means with the projected figures, her album sales are still not as high as hoped. Unfortunately, that is a trend common for all album releases since 2003.

On the other side, the Eagles new album, which is being sold exclusively in Wal-Mart Stores, Inc. (NYSE: WMT) stores and on the band's official website, is reported to potentially outsell Blackout if Wal-Mart decides to report the sales. Even if Wal-Mart were to decide to report sales, the Eagles new album would only be eligible for the Top Comprehensive Albums chart. Billboard notes "titles that are not generally available at retail are not eligible to appear on The Billboard 200, but are entitled to chart on Billboard's Top Comprehensive Albums, which includes catalog titles and proprietary albums from retailers willing to report those sales."

It's a shame that the first new album in 27 years by the Eagles will potentially not become a "number one," but at the same time it is not surprising to read that the band is enjoying heavy sales of their album. In 1994, their live album Hell Freezes Over topped the Billboard 200 for two weeks. At the same time, you cannot blame the band for choosing to make an exclusive deal with Wal-Mart, especially given the chain's status as number one music retailer, and the history the company has with exclusive and limited album releases.

Britney Spears gets slammed ... by The Wall Street Journal

It seems as though no one can resist the temptation of the Britney Spears-bashing bandwagon: not even the most-revered financial newspaper in the world. Attacks from the tabloids and the likes of Perez Hilton have been relentless for years, but The Wall Street Journal's review (subscription required) of her new album is fairly scathing. Here are some of the high (low?) points:

A phalanx of producers and backing vocalists exert more of an influence on a disc that's not quite a mess but only occasionally rises above a muddle... as a vocalist, Ms. Spears sounds weary, snide and at times disconnected. On some songs, her voice seems grafted to the material as if an afterthought... At the bottom register, her voice is a throaty bleat... With "Blackout," Ms. Spears fails to deliver a recording that will re-establish her as a dominant pop star rather than a 25-year-old woman who seems bent on self-destruction...

The Journal doesn't seem to have anything positive to say about Spears, and the good things it does say about the album refer mainly to the production and background vocalists.

But all of this raises an interesting question: why is The Wall Street Journal reviewing a Britney Spears album anyway? Is that really her demographic? With the exception of Alan Greenspan, how man Journal readers will even consider buying her new album?

But then again, the financial press has a well-deserved reputation for calling stock sells precisely at their bottoms. So perhaps Britney's career is ready to rebound.

Symbol Lookup
IndexesChangePrice
DJIA+20.0310,246.97
NASDAQ-2.982,151.08
S&P 500-0.071,093.01

Last updated: November 11, 2009: 01:51 AM

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