Retail, Retailer | featured news

March retail revenue figure inches up

U.S. retailers are reporting modest sales gains for March as consumers held back due to cold weather during the month and continued worry about the economy. Overall, 14 retailers reported on Thursday that revenue at stores open at least a year — a key indicator of retail health — rose an average of 0.6 percent. That number comes from the research firm Retail Metrics.

 

Ron Johnson Out as J.C. Penney Chief

J.C. Penney

After a troublesome, 17-month run, Ron Johnson is out as chief executive of J.C. Penney, and with that, the most closely watched revival effort in retail in recent memory is in danger of disintegrating.

 

Samsung to open mini-stores inside Best Buy

Best Buy - Star Tribune

Samsung Electronics is giving Apple a run for its money by setting up mini-stores inside 1,400 Best Buy stores in the U.S... The Samsung mini-stores, which will open inside Best Buy locations by the end of June, will showcase smartphones, tablet computers, cameras, laptops and TVs, and will provide customer support similar to the “Genius Bar” at Apple stores, the New York Times reported.

 

Wal-Mart tests in-store lockers for online orders

Walmart

Wal-Mart Stores Inc., the world's largest retailer, says it's setting up lockers in about a dozen stores so that shoppers who order on its website can pick up their items without having to wait in line checkout line.

 

Coscto earnings beat expectations and rose 39%. Proving you can pay above average wages and pull in high profits.

Costco - CS Monitor

Costco's fiscal second-quarter net income climbed 39 percent as it pulled in more money from membership fees, sales improved and it recorded a large tax benefit. The wholesale club operator earned $547 million, or $1.24 per share, for the period ended Feb. 17. That compares with $394 million, or 90 cents per share, a year earlier.

 

Made in the USA: More consumers buying American

A curious thing is happening among American shoppers. More are checking labels and asking, "Is it 'Made in the USA?'" Walmart, the nation's largest retailer, earlier this year announced it will boost sourcing of U.S. products by $50 billion during the next 10 years. General Electric is investing $1 billion through 2014 to revitalize its U.S. appliances business and create more than 1,500 U.S. jobs.

 

U.S. Retailers See Tepid Growth

U.S. retailers are posting moderate sales for February, dealing with mixed signals like payroll-tax increases and later income-tax refunds that were countered by a rousing stock market and better housing reports.

 

Of Course Costco Supports A Higher Minimum Wage: It Already Pays Above It

This isn't the most remarkable business statement ever. In fact, Costco coming out in support of a higher minimum wage is one of the more unsurprising ones. For Costco already pays well above minimum wage anyway. The only people who could be hurt by the rise are Costco's competitors. Costco Wholesale Corp. President and CEO Craig Jelinek is putting his name and company in the forefront of the latest drive to increase the federal minimum wage.

 

Martha Stewart to testify in trial over her brand

Eight years after Martha Stewart was released from prison for lying about a stock trade, the home diva is now facing another legal mess that may not be easy to clean up. Stewart, 71, took the stand in New York State Supreme Court Tuesday morning. She is at the center of a bitter legal battle between two of the nation's largest retailers - Macy's Inc. and J.C. Penney Co.

 

Wal-Mart eases investors fears, U.S. shoppers feel pain

Walmart

Wal-Mart Stores Inc 18 percent dividend increase and comments that U.S. sales patterns were more normal late last week after a slow start to the year helped boost shares of the world's largest retailer 2.6 percent on Thursday.

 

Subscribe to this RSS topic: Syndicate content