Economy, Retailer | featured news

US retail sales rebounded in October as demand for cars continued to climb even after the expiration of government sponsored incentives.

Sales fall after a surge in the previous month, but the drop is smaller than forecast. Retail sales fell in September after a popular program aimed at boosting auto sales ended ...

Although the recession has been a struggle for all U.S. retailers, there is evidence that it has been especially difficult for the nation’s smaller, independent retailers.

Mall-based chains continue to be hit hardest as consumers focus on necessities, but the warehouse club operator Costco’s results also missed analyst estimates.

The number of newly laid-off Americans filing jobless claims fell more than expected last week and retail sales grew in May for the first time in three months, fresh evidence that the worst of the recession may have past.

Weak consumer spending continued in April, but some retailers posted sales gains, or slighter declines than in the past.

To get nervous consumers to buy, companies are promising refunds, and sometimes more, in the event of a job loss.

At a time when most retailers are begging for customers, second-hand shops are thriving as the laid-off, and those worried they ...

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

Germany's largest retailer, Metro, is planning to cut 15,000 jobs or 5% of its workforce due to the economic slowdown.