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.
Walmart's plan to open for business at 8 p.m. on Thanksgiving with doorbuster Black Friday deals is forcing other retailers to follow suit. This shift may or may not prove a winner with shoppers, but it's already upsetting retail workers -- and it may not even make a difference in boosting sales.
Target's Black Friday Sale will begin at 9 p.m. on Thanksgiving, three hours earlier than a year ago. The discounter joins several other major retailers, including Walmart, that are kicking off the holiday shopping season on Thanksgiving Day and staggering deals over the two-day period.
This holiday season, Sears and Kmart are offering free layaway and Shop Your Way loyalty savings programs in a bid to connect with financially strapped shoppers. Company president Ron Boire sat down with DailyFinance.
Toys R Us is making it easier for shoppers to use its layaway program ahead of the crucial holiday season, waiving its service fee and minimum purchase requirement beginning Tuesday.
Sears is moving forward with plans to spin off its Hometown and Outlet stores as well as some hardware stores into a separate publicly traded company. Sears, which also owns Kmart, has looked at spinoffs and real estate sales to restore profitability and boost shareholder confidence.
Sear announced this week that it will divest itself of more than 1,000 Hometown and Outlet stores, its latest move to find profits in spin offs. But does Sears have anything left that anyone wants to buy other than pieces of its business?
Store layaway programs made a comeback last holiday season, with gift-buyers flocking back to installment payment plans. Now, Sears is expanding the concept by letting consumers put vacations on layaway, too.
Mother's Day is just around the corner, and if you still need gift ideas, look no further: We've surveyed some of the top retailers to find out what's selling this year.
The hunt is on for Best Buy's next CEO, but it won't be an easy post to fill: The hard truth is that the concept of the consumer electronics superstore is becoming less relevant with each passing year.
Best Buy has a big plan to cut its costs and regain its focus: closing stores, laying off employees, shifting its focus to smartphones and mobile gadgets, and slimming down margins. Only problem is, none of that is going to save it.
It'll be a good Easter for sellers of brightly colored outfits and chocolate bunnies: Americans are expected to shell out 11% more for the holiday this year.
First, U.S. manufacturing collapsed under the pressure from low-wage labor overseas, leaving the landscape dotted with hollowed-out plants and gutted factories. Now, assailed factors from online shopping to the economic downturn, the retail sector is suffering too, bequeathing us an increasing number of abandoned -- some say dead -- malls.
The stock market's recent bounce has a lot of folks looking for a piece of the action. And with retail stocks shooting up faster than average, but still cheaper than a year ago, some analysts say now's the time to buy them. They're wrong. Here's why:
Sears Holdings on Tuesday reported a sharp drop in holiday sales compared to a year ago, and said the results will force it to close 100 to 120 Sears and Kmart stores. The company said the stores to be closed have yet to be identified.