The Linens' N Things brand has been sold to Galaxy Brand Holdings for an undisclosed amount, the companies involved said Monday. Investment firms Hilco Consumer Capital and Gordon Brothers Brands acquired the brand in 2009, and it was re-launched as an online retailer of home goods.» Read More
NEW YORK-- Shares of J.C. Penney slumped Wednesday even though the department store operator reported strong growth in an important sales measurement. THE BIG PICTURE: J.C. Penney Co. Inc. said online sales also improved compared to November 2012. SHARE ACTION: Shares of J.C. Penney lost 42 cents, or 4.2 percent, to $9.69 in afternoon trading.
Where the market stand, with Michael Gurka, Chicago-based Spectrum Asset managing director, and Steve Grasso, Stuart Frankel.
FMHR trader Simon Baker thinks PayPal has larger competition coming from Square. He says eBay makes a good short now.
Dec 3- Jeff Bezos' plan to deliver Amazon.com packages by drone isn't just an idea which skirts the line between satire and reality. The online retailer is testing delivery by unmanned flying vehicle, Bezos, Amazon.com founder and CEO, told CBS TV show 60 Minutes on Sunday.
Amazon was rejected by the U.S. Supreme court on New York sales tax. BuzzFeed president & COO Jon Steinberg, digs into how this may impact the e-commerce industry.
Andrea Wong, president of international for Sony Pictures TV and Sony Pictures Entertainment, discusses how a woman can improve decision making in a board room, and an opportunity for women in e-commerce.
NEW YORK, Dec 2- U.S. online sales are expected to hit $2 billion on "Cyber Monday," for the first time since the data firm comScore began tracking such information.
Wal-Mart Stores Inc, Target Corp, Toys R Us, Macy's Inc, J.C. Penney Co Inc and Best Buy Co Inc were among the brick-and-mortar chains that started their online deals early. "All of them are behind Amazon, but some are starting to catch up," said Edward Jones analyst Brian Yarbrough.
To compete with each other and powerhouse Amazon.com Inc, many U.S. retailers began offering some of the season's best online deals, which were traditionally reserved for the Monday after Thanksgiving, several days ago.
The U.S. Supreme Court declined to decide whether Internet retailers need to collect sales taxes in states where they have no physical presence.
WASHINGTON, Dec 2- The U.S. Supreme Court declined on Monday to tackle the long-standing question of whether Internet retailers like Amazon.com Inc should be required to collect sales taxes in states where they have no physical presence.
Consumers are expected to take to the web to get the best deals delivered in time for Christmas on Monday.
Estimates say retail sales for the Thanksgiving weekend will reach $57.4 billion.
RESTON, Va.-- Shoppers bought $20.6 billion online in the first 29 days of the holiday season, a 3 percent increase from the comparable period last year, according to research company comScore Inc..
NEW YORK, Dec 1- Heavy discounting took a toll on U.S. retail sales during the Thanksgiving weekend as shoppers spent almost 3 percent less than they did a year earlier, according to data released Sunday by an industry group.
NEW YORK, Dec 1- Heavy discounting took a toll on U.S. retail sales during the Thanksgiving weekend as shoppers spent less than they did a year earlier, according to data released Sunday by an industry group.
Nov 30- U.S. shoppers visited more stores and spent more money at brick-and-mortar sites across Thanksgiving Day and "Black Friday" than they did in 2012 while online sales set records, data showed on Saturday.
Skariachan NEW YORK, Nov 29- U.S. retailers' controversial choice to kick off the U.S. holiday shopping season early, on Thanksgiving, may not pay off as much as they had hoped. Even Macy's Inc's flagship store in New York City opened then for the first time in its 155- year history, at 8 p.m. Some U.S. shoppers played along, hitting the Internet and stores on Thanksgiving.
BEIJING, Nov 27- Courier Chen Honglei packs boxes of clothing, appliances and utensils into his electric three-wheeler to deliver to customers in northwestern Beijing, helping China's second largest e-commerce company Jingdong maintain its logistics edge in a cut-throat market.
SHANGHAI Nov 27- In a small research lab in Palo Alto, California, flanked by Hewlett-Packard Co and Stanford University, China's largest electronics retailer is learning how to compete online.