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Best Buy reports 3rd-quarter loss

Best Buy

Best Buy Co. reported another dismal quarter on Tuesday, recording a loss in the third quarter, hurt by a continued sales slump and charges related to restructuring. Shares fell more than 11 percent in morning trading to its lowest level in more than a decade.

 

Black Friday door-buster deals worth camping out for

From Los Angeles to Tampa, shoppers are already camping out in front of big-box retailers, determined to be among the first in line for door-buster deals. In Los Angeles, some hardcore consumers have been in line since last Monday, even taking vacation from work in order to save big money. An estimated 147 million Americans will take advantage of Black Friday sales, 4 percent more than last year.

 

J.C. Penney CEO tries to change the way we shop

J.C. Penney

J.C. Penney CEO Ron Johnson seems unfazed that the department store chain's mounting losses and sales declines have led to growing criticism of his plan to change the way we shop. Perhaps that's because this isn't the first time during Johnson's 30-year career that he's attempted what seemed impossible.

 

Wal-Mart files U.S. labor charge against union

Wal-Mart Stores Inc is taking its first legal step to stop months of protests and rallies outside Walmart stores, targeting the union that it says is behind such actions.

 

'Black Friday' has workers seeing red

Retail employees launch Change.org petitions against Black Friday sales starting on Thanksgiving, saying it cuts into family celebrations.

 

Wal-Mart launches food subscription service

Walmart

Wal-Mart Stores Inc. on Wednesday will officially launch a mail subscription service, called Goodies, that lets shoppers discover new foods from the comfort of their homes.

 

Macy's urged to 'dump Trump' over sexism, Obama comments

More than 510,000 people have signed a online petition urging Macy's Inc. to sever its ties with real estate magnate and television celebrity Donald Trump, accusing him of “especially unpleasant, nasty and despicable behavior.”

 

J.C. Penney reports hefty 3Q loss

J.C. Penney Co. reported a bigger-than-expected loss in the third quarter on plummeting sales as customers continue to reject its move get rid of blockbuster sales in favor of everyday low pricing.

 

Big stores opening even earlier on Thanksgiving

It used to be just called Thanksgiving. Now the day is increasingly called Black Friday Eve or Black Thursday, as retailers double down on ever-earlier opening hours for the kickoff of the holiday shopping season.

 

Shunning Amazon, Booksellers Resist a Transformation

The 4-Hour Chef

Amazon prides itself on unraveling the established order. This fall, signs of Amazon-inspired disruption are everywhere. There is the slow-motion crackup of electronics showroom Best Buy. There is Amazon’s rumored entry into the wine business, which is already agitating competitors. And there is the merger of Random House and Penguin, an effort to create a mega-publisher sufficiently hefty to negotiate with the retailer on equal terms.

 

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