Retail - Page 2

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September Retail Sales Fall Across Nearly All Sectors

The U.S. Census Bureau released advance estimates of retail and food services sales for September on Wednesday morning. Seasonally adjusted sales fell 0.3% to $442.7 billion, compared with August sales, ...
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Gap_logo

Gap to Hire More Seasonal Holiday Workers Than Walmart!

Gap Inc. (NYSE: GPS) may have recently said that star CEO Glenn Murphy would not renew his contract with the company and will retire in February, but Gap and its ...
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holiday shopping

The Rich Plan to Spend More This Holiday Season

The top 10% of U.S. households measured by household income will spend about $21.6 billion on holiday gifts this year. That is more than 30% of the total of $77.5 ...
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Blue cart

Should Home Depot and Lowe’s Expect a Correction?

Shares of Home Depot Inc. (NYSE: HD) and Lowe’s Companies Inc. (NYSE: LOW) were both lower after being the targets of an analyst downgrade Tuesday morning before the market opened. ...
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Alibaba HQ

Costco Rides Into China on Alibaba’s Shoulders

The second-largest retailer in the United States, Costco Wholesale Corp. (NASDAQ: COST) said Tuesday morning that it will open a “flagship” online store in China on the Tmall Global platform ...
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Halloween candy

Americans Will Spend $2.5 Billion on Halloween Candy

Of the total $7.4 billion that the National Retail Federation expects U.S. consumers to spend on Halloween celebrations in 2014, about one-third of that amount will be spent on candy. ...
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JC Penney - shops

J.C. Penney Names Mike Ullman Succession Plan: Meet the New CEO

J.C. Penney Co. Inc. (NYSE: JCP) had its analyst meeting just last week, and CEO Mike Ullman said he would remain on as long as the company wanted him to. ...
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Kmart logo

Kmart Stores Hit by Hacking Attack

Late on Friday afternoon, Sears Holdings Corp. (NASDAQ: SHLD) announced that its Kmart stores had detected an attack on the store’s payment data systems. The company said that the breach ...
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Attention Shoppers: Black Friday Now Lasts a Month

As the calendar creeps closer to Halloween, more U.S. consumers begin online research on products they want to consider buying for the holidays. Retailers kicked off their holiday shopping season ...
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Family Dollar Store

Family Dollar Earnings Verdict – A Coin Toss!

Family Dollar Stores Inc. (NYSE: FDO) reported its earnings after the market closed Thursday as $0.73 in earnings per share and $2.61 billion in revenues. Thomson Reuters had estimates of ...
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Amazon.com logo

Amazon Growth Ambitions Pointing to Brick and Mortar

Amazon and Jeff Bezos have a pledge to sell you just about anything you want to buy, and lately they have been willing to do it for nearly free. Word ...
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shopping

September Retail Sales Rise 5% as Promotions Cut Revenues

Retailers are announcing September U.S. same-store sales figures Thursday. Research firm Retail Metrics projected an overall gain of 5.1% year-over-year. Back-to-school spending tailed off early in the month as there ...
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sweaters

Gap CEO to Depart — the Announcement

Stock down 9%: Gap Inc. today announced that Art Peck, the president of its Growth, Innovation and Digital division, has been selected by the Board of Directors to succeed Glenn ...
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JCP-logo

J.C. Penney Sales Crumble

At its analyst day presentation on Wednesday, J.C. Penney Co. Inc. (NYSE: JCP) cut its third-quarter forecast for same-store sales, and investors did not wait to hear anything else. The ...
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Sears_store

Sears Stock Crumbles on Report of Vendor Halt

That $400 million loan that was supposed to help Sears Holdings Corp. (NASDAQ: SHLD) make it through the holidays has apparently not done its job. A report Wednesday morning that ...
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