The retailer was trading close to its 52-week low even before Wednesday's disappointing quarterly report when earnings grew by less than 2 percent to $232.8 million, despite seeing net sales climb 15 percent to top $2.7 billion.
If you're looking for a seasonal job, here's your chance. Toy retailer Toys R Us announced Thursday that it would hire 40,000 workers this holiday season.
Men, who have endured slightly higher unemployment rates than women, have been taking on more of the household shopping, according to a recent report. The trend hasn't boded well for stores: On average, men spend less than women on each trip.
Charmed actress Alyssa Milano can often be found in the stands, cheering on Los Angeles's Dodgers, Lakers and Kings. And in a down economy, she's racked up some key wins for Touch, her line of women's sports apparel. She recently discussed the business with DailyFinance.
The Consumer Confidence Index jumped far higher than expected in January, and that could have big implications, both for retailers and for your wallet. Here's what you need to know.
U.S. consumers spent 5% less on consumer electronics during the last holiday season compared to a year earlier, according to a new report from NPD Group. Even at discounted prices, Americans bought fewer flat-screen televisions and desktop computers, as well as lower-end digital cameras and MP3 players, according to the report.
The Federal Reserve on Thursday proposed a new rule that would dramatically cut the swipe fees that banks charge merchants when customers use debit cards. The move, which stems from a provision in the financial overhaul bill in July, could benefit stores. But banks say it could harm consumers.
For the first time, the privately owned Swedish furniture retailer, Ikea Group, has disclosed its financial results. The retailer, known for its low cost yet stylish furniture, is doing very well.
Two consecutive months of sales gains among the nation's retailers may provide just enough confidence to trigger increased seasonal hiring this year. Even so, pre-recession hiring levels aren't likely.
Saks shares have spiked on takeover speculation. Reports say a private equity consortium with U.S. and U.K. players is interested in buying the retailer and could offer some $1.7 billion for it.
