The National Retail Federation believes there will be a surge in holiday activity. Its forecast is particularly optimistic in light of worries about the fiscal cliff, an apparent slowing of the number of companies…
Wikimedia CommonsMacy’s Inc. (NYSE: M) has announced that it plans to hire approximately 80,000 seasonal associates for its Macy’s and Bloomingdale’s stores for the 2012 holiday season. That would be an increase of about…
The Economic Times reported today that Apple Inc. (NASDAQ: AAPL) may be evaluating opening its own stores in India. The iPhone and iPad maker currently supplies its products to Indian consumers through partnerships with…
That didn’t take long. Two weeks ago the government of India approved legislation that would permit non-Indian majority ownership of multi-brand retail operations. The new legislation has opened the door to foreign investment in…
Retail sales made a strong comeback in July and August, rising 2.5% and 3.3%, respectively, year-over-year from a very low 0.3% increase in June. According to research firm Retail Metrics, September looks to be…
Walgreen Co. (NYSE: WAG) reported fiscal fourth-quarter 2012 earnings per share (EPS) of $0.63 on revenue of $17.07 billion. In the same period a year ago, the country’s largest drug store chain reported EPS…
Discount retailer Dollar General Corp. (NYSE: DG) has announced that it will repurchase approximately $250 million of its shares currently held by Buck Holdings L.P. and initiate a secondary offering of 30 million shares.…
Food and beverage producer Dean Foods Co. (NYSE: DF) said today that its has “decided to explore a transaction that may result in the sale of the Morningstar business.” The announcement also noted: The…
Citing high gasoline prices and soft housing and job markets, consulting firm Deloitte LLP forecasts that retail sales for the November through January holiday season will rise between 3.5% and 4% this year, compared…
RadioShack Corp. (NYSE: RSH) could not make that full turnaround under CEO Julian Day, and now it is losing Day’s replacement. Call it a firing or a resignation if you will, but the net…
Staples Inc. (NASDAQ: SPLS) was initially trading higher this morning on the heels of its restructuring. The effort was supposed to have something for everyone. Cost cuts, more rapid store closures, new leadership, and…
Staples Inc. (NASDAQ: SPLS) is going to try to turn its ship around all on its own. The company has announced a formal strategic plan to accelerate growth and to better serve the needs…
Michael Kors Holdings Ltd. (NYSE: KORS) is cashing in on the huge gains in its share price. At least its insiders and backers are. The luxury apparel retailer has priced a previously announced secondary offering…
AppleNow that millions of people and thousands of tech reviewers own an Apple Inc. (NASDAQ: AAPL) iPhone 5, the attention about the device has turned to its features and connection speed. The speed comparisons usually take…
CIA World FactbookThe coalition government of India took a major hit today with the defection from its ranks of the Trinamool Congress party. The exit of the six Trinamool ministers will not force a…