Tesco Prepares to Exit U.S. With Sale of Fresh & Easy
Tesco announces plans to exit the United States, as the British retailer seeks to rebuild after a year in which profit fell for the first time in two decades.
retailers
U.S. Retailers Report Modest Bump in March Sales
Retailers report a key revenue figure rose slightly in March, as shoppers held back on spending because of the cold weather across the nation and economic worries.
Best Buy Co-Founder Returns as Chairman Emeritus
After being ousted less than a year ago, Best Buy's co-founder and former chairman Richard Schulze is returning to the struggling retailer as chairman emeritus.
Ban Would Keep Cigarettes Out of Sight at NYC Retailers
A new anti-smoking proposal would make New York the first city in the nation to keep tobacco products out of sight in retail stores.
Retail Sales Up 1.1% in Feb, Fastest Spending Pace in 5 Months
Americans spent at the fastest pace in five months in February, boosting retail spending 1.1 percent compared with January, despite a rise in Social Security taxes.
Costco's Membership Fees, Low Prices a Magic Formula
With consumers pinching pennies, why are so many people willing to pay just for the right to shop at one chain? Costco, it seems, has found a magic formula.
Costco Moves into Mortgage Loans
There doesn't seem to be anything under the sun that Costco doesn't sell, including mortgage loans. The retailer's new online financial offering had been in testing mode for the past year, and it has worked so well that it has now been launched publicly.
Economic Impact From Hurricane Sandy Won't Derail Economy
Airlines have canceled thousands of flights, stranding travelers around the globe. Insurers are bracing for possible damages of $5 billion. Retailers face shrunken sales.
Retailers Report Slower Sales Growth in Sept
Americans slowed down their spending in September as they took a pause after wrapping up their back-to-school buying, according to monthly reports from major retailers released Thursday.
How Soon Will You Start Paying More to Use Plastic?
Until now, merchants weren't allowed to charge those buying with credit cards a higher price, although they could offer discounts for cash. But last week, an antitrust settlement opened the door for surcharges -- and could impact the way you shop.
Why Gap Will Never Be Great Again
Gap investors may feel pretty stoked right now. Shares of the company behind Old Navy, Banana Republic, and its namesake apparel chain have been on fire this year. But look closer and you'll see why this former fashion darling is still fading.
5 Bricks-and-Mortar Retailers That Are Showrooming-Proof
Showrooming -- when shoppers check out potential purchases in bricks-and-mortar stores, then buy them cheaper online -- is crushing many chains. But a few retailers are holding up just fine.
Target Makes a Test Run at Trendy Sportswear Biz with C9 Store
This fall, Target will launch its first spin-off store concept, based on its C9 by Champion athleticwear brand. Can the cheap chic icon muscle in on an activewear game dominated by trendy and pricey names like Lululemon, Athleta and Under Armour?
Retailers Report Solid Finale to Holidays
Many retailers are reporting solid sales gains for December, capping a decent holiday season, but shoppers bent on discounts exacted a high price.
Macy's Raises Profit Outlook, Doubles Dividend
Macy's is raising its earnings outlook for the fourth quarter and full year due to a strong holiday season and says it will double its quarterly dividend to 20 cents a share. The retailer is also increasing its share repurchase program by $1 billion. The announcements came as the department store operator reported Thursday that a key measure of its December sales rose faster than analysts had expected.