sks

Canadian Retailer Acquires Saks

old cash register

Luxury retailer Saks Inc. (NYSE: SKS) has agreed to a merger with Toronto-based Hudson's Bay Company (HBC) in an all-cash deal for which the...

Week in Preview: Retail Earnings in the Spotlight

Many of America's best-known retailers, including Walmart, Home Depot and JCPenney, will be stepping into the earnings spotlight this week. Their reports come on the heels of disappointing January retail sales numbers from the Commerce Department.

Saks: A Luxury Retailer at a Bargain Price

The retail sector will likely be weak in the next few years, as excessive consumption and over-expansion face the reality of tighter credit and weak employment. But Saks will likely be one outstanding exception.

Home Depot reports strong results

Home Depot Inc. (HD), the largest home improvement retailer, reported better-than-expected quarterly results. The numbers suggest that consumers are...