Hitwise released its report about e-commerce activity at the top 500 online retailers on Cyber Monday. Overall activity rose 24%, which is in line with other data. The online research firm said…
The Monday following this year’s Thanksgiving, also known as Cyber Monday, was the highest-grossing online shopping day in U.S. history. According to research firm comScore, spending reached $1.25 billion, an increase of…
An unexpected gain in October retail sales has boosted prospects for a better-than-forecast holiday retail sales season. Some of the sales gains will come from lower pricing, which can’t always be counted…
Amazon.com (NASDAQ: AMZN) is supposed to thrash Walmart (NYSE: WMT) in sales increases this holiday season. That should make Amazon the better investment. Wall St. believes otherwise, though. Over the past month, shares in Walmart are flat,…
Ace Hardware – Midnight Friday Enter to win a Craftsman 5-drawer Tool Center. A.C. Moore – 5 a.m. Friday Free $10 gift card to the first 50 customers. Bealls – Midnight Friday…
The CEOs of Gap (NYSE: GPS) and Best Buy (NYSE: BBY) are at the ends of their respective ropes. If each company has poor holiday sales, as is expected, both chief executives likely…
The supercommittee appears unlikely to settle on a deficit agreement. (Reuters) A senior Chinese official says he expects the global recession to last for some time. (Reuters) Spain’s center-right People’s Party gains…
The retail jamboree known as Black Friday seems to start earlier every year. The door-buster sales used to begin in the wee hours of Friday morning, but several retailers have already announced…
Olympus says it concealed losses for decades. (Reuters) Italy’s sovereign debt interest rates rise sharply. (Reuters) Toyota’s (NYSE: TM) profits fall and it withdraws its full-year forecast. (Reuters) Greece cannot decide on…
Best Buy Co. (NYSE: BBY) is facing yet one more tough reception of a company action after news that the electronics manufacturer is buying out its British partner of its U.S. mobile…
Wall St. has voted on how strong holiday sales will be this year. Shares of Best Buy (NYSE: BBY) and Target (NYSE: TGT) are down year to date. Walmart (NYSE: WMT) and…
There is concern that the new Greek government will not be stable enough to run the nation. (Reuters) As finances in Italy deteriorate, concerns grow about the ability of the government to…
There will be more “Going Out Of Business” sales after the first of the year than was expected just weeks ago. Deloitte’s annual holiday survey data shows that: Consumers who plan to…
Nokia’s new Microsoft smartphone: Today will be remembered as the day that Nokia (NYSE: NOK) began an historic turnaround, or when it lost its bet on new smartphones that run the Microsoft…
Amazon.com Inc. (NASDAQ: AMZN) is set to report earnings after the close of trading on Tuesday. What makes Amazon so different from many peers in technology, internet and virtual companies is that…
