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Amazon most satisfying website to shop: survey

Amazon

Amazon.com Inc remained the best website for shopping online while JC Penney Co Inc suffered the largest drop in customer satisfaction of any major online retailer this holiday season, according to a survey released on Thursday.

 

Retailers pull stocks lower on poor holiday sales

New York Stock Exchange

Stocks are closing lower after a weak holiday shopping report sent shares of major retailers lower. The Dow Jones industrial average fell 24 points to close at 13,114 Wednesday. It was the third straight loss for the Dow.

 

GameStop Has Another Life Left

GameStop shares are down nearly 5% on Thursday amid calls to restrict the sales of violent video games. The stock still looks good, though, with a healthy dividend yield of 3.6% and a long-term earnings growth projection of 9.3%.

 

US retail sales rose 0.3 percent in November

Americans spent more online in November to start the holiday season and began to replace cars and rebuild in the Northeast after Superstorm Sandy.

 

Walmart Admits Bangladesh Factory Was Making Clothing For Retailer Before Fire

Garment Factory Fire

The garment factory in Bangladesh where a weekend fire killed at least 112 people had been making clothes for Wal-Mart without the giant U.S. retailer's knowledge, Wal-Mart said. Wal-Mart said the Tazreen Fashions Ltd. factory was no longer authorized to produce merchandise for Wal-Mart but that a supplier subcontracted work to it "in direct violation of our policies."

 

Cyber Monday sales up 17% to nearly $2 billion, exceeding forecast

Cyber Monday

Cyber Monday online sales beat forecasts by nearly half a billion dollars. ComScore on Monday predicted that Cyber Monday would generate $1.5 billion in online sales, but according to Adobe, the shopping day ended up raking in $1.98 billion, which was a 17% increase compared to last year.

 

Holiday shopping season off to record start

Black Friday

If you make holiday shopping convenient, Americans will come in droves. It's estimated that U.S. shoppers hit stores and websites at record numbers over the Thanksgiving weekend, according to a survey released by the National Retail Federation on Sunday. They were attracted by retailers' efforts to make shopping easier, including opening stores on Thanksgiving evening, updating mobile shopping applications for smartphones and tablets, and expanding shipping and layaway options.

 

Cyber Monday likely to be busiest online sales day

Black Friday is a distant memory. Small Business Saturday is long gone. Now, it's Cyber Monday's turn. Cyber Monday, coined in 2005 by a shopping trade group that noticed a spike in online sales on the Monday after Thanksgiving when people returned to their work computers, is the next in a line of days that stores are counting on to jumpstart the holiday shopping season.

 

Labor Protesters Target Wal-Mart

Protesters targeted Wal-Mart stores on Black Friday as part of a campaign waged by a union-backed group against the company's treatment of workers.

 

Wal-Mart India unit suspends CFO, others pending bribery probe

Indian Walmart

The Indian joint venture of Wal-Mart Stores Inc has suspended its chief financial officer and other employees as it investigates alleged violations of U.S. anti-bribery laws, a development that could hamper India's efforts to open its domestic supermarket sector to foreign investment.

 

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