Macy’s (M) reported mixed results on Wednesday. Earnings were $0.60 a share, beating estimates by a penny. Revenue fell to $6.28 billion, missing expectations of $6.46 billion. Wal-Mart (WMT) is scheduled to report earnings before the opening bell on Thursday. JCPenney (JCP) is scheduled to report after tomorrow’s close.
Google (GOOGL) Glass will be available for sale in the U.S. for $1,500 beginning today. The company had previously only made it available to beta testers. It had also offered it to the general public for one day on April 15. Google said it will offer Glass Explorer Edition, which it says is still in beta, as long as supplies last.
It may be innovative, but Yahoo Finance Editor-in-Chief Aaron Task doesn’t think Glass will catch on. “I don’t see this as a mass-market product yet, especially not at a $1,500 price point,” he said. At that price, Task doesn’t think there is mainstream consumer demand for Glass. He said if the price came down to $50, there may be more consumer interest. “But I just don’t see that happening any time soon.”
It remains to be seen how consumers will respond to Glass, but they are responding positively to the airline industry. According to the J.D. Power 2014 North America Airline Satisfaction Study released today, airline satisfaction rose for a second-consecutive year in 2014. The industry received its highest ranking since 2006 - 712 out of 1000 points.
“I’m totally perplexed by this,” Task said. “It seems like there’s always some kind of delay, and there’s some new additional charge that they’re trying to tack on for a carry-on bag or extra legroom.” He was also surprised that those surveyed were positive about the industry. “It’s not even that they’re not negative. It’s that they’re positive.”
“I just don’t get it,” he added.
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