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Wal-Mart awarding $2 billion to U.S. hourly employees

Wal-Mart Stores Inc is awarding approximately $2 billion to its U.S. hourly employees through financial incentives, including handing out $933.6 million in bonuses on Thursday, after the world's largest retailer gained market share amid a recession.

 

Wal-Mart posts February sales, hikes dividend

Wal-Mart posts February sales, hikes dividend

Wal-Mart Stores Inc. on Thursday posted better-than-expected February sales results, boosted by value-seeking shoppers, and hiked its dividend by 15%.

 

GM, Retailers Drag Down Market

Markets fall sharply at opening bell as investors begin to give back gains one day after rally.

 

US retailers report profit falls

US retailers report profit falls

Some of the US's best-known retailers report sharp slumps in profits as consumer confidence continues to slide.

 

Macy's to Take Hefty Write-Down

Macy's said it will record an asset write-down of up to $5.5 billion as the department store posted a big drop in operating profit amid heavy markdowns and weak consumer spending.

 

Microsoft to open own retail stores

Microsoft to open own retail stores

Microsoft Corp. on Thursday announced plans to open its own stores despite the economic downturn that has left many retailers struggling.

 

Retail Sales Up 1% in January

Retail Sales Up 1% in January

The unlikely rebound in retail sales provided a glimmer of hope for the economy, but new claims for jobless benefits showed the labor market still in the grip of a deep recession.

 

Injured deer shows up at PetSmart for treatment

Injured deer shows up at PetSmart for treatment

Injured deer shows up at PetSmart, patiently waits for vet to show up. Gets treated for injuries then heads off to the great unknown to be target practice for some hunter.

 

Macy's announces 7,000 job cuts

Macy's announces 7,000 job cuts

US department store chain Macy's is cutting 7,000 jobs as it reduces costs against a backdrop of falling sales.

 

Amazon.com Soars After Outpacing EBay in Sales, Profit Growth

Amazon.com Soars After Outpacing EBay in Sales, Profit Growth

Amazon.com Inc., the world’s largest online retailer, topped sales and profit estimates yesterday after its biggest holiday season ever, outpacing EBay Inc. and its e-commerce rivals.

 

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