BOSTON— The governors of Massachusetts and New Hampshire said Friday they were optimistic the long-running family dispute that has hobbled the Market Basket supermarket chain will be resolved, perhaps as soon as this weekend, with an agreement to sell it to its ousted CEO. In a statement issued late Friday, Massachusetts Gov. Deval Patrick and New Hampshire Gov.» Read More
Online retailer Gilt Groupe is working on becoming more profitable ahead of going public, which will likely be next year, CEO Susan Lyne told CNBC Thursday.
According to this year's “How America Shops” survey, conducted by WSL/Strategic Retail, it now takes an income of more than $150,000 to be able to afford the basics, the extras and to save too.
The Thomson Reuters Same Store Sales Index, which tracks the companies that will report monthly sales late Wednesday and early Thursday, is expected to rise 4.8 percent in February. That's on top of last February's 4.0 percent gain.
Happy Leap Year! What are you doing with your extra day this year? Retailers and restaurants hope the answer will be spending, and they are pulling out the stops to coax you through their doors to spend.
Bargain-seeking consumers fueled a 63-percent surge in coupon redemption last year as they increasingly turned to the Internet and their smartphones for deals, according to new data from Coupons.org.
Forget Dow 13,000, for an indication of which direction the economy may be heading look no further than Napa Valley. After a record $3.1 million in wine was sold at the Premier Napa Valley trade auction this past weekend, it appears the economy may be looking up.
For the past 35 years, Little Brownie Bakers has been making Girl Scout Cookies. But there’s a story behind this story.
Yuengling, which already bills itself as “America’s oldest brewery,” will now have to share the “Largest American Brewer” title with the Boston Beer Company.
For you and me Valentine's Day is a time to celebrate romance. For flower growers and chocolate makers, it's one of the busiest days of the year and a sign of an improving economy.
In this age of Facebook and Twitter, capitalizing on new media is both an opportunity and a conundrum for many companies. Social media can be a great way to connect and stay top-of-mind with consumers, but how can you really quantify what a “like” on Facebook is worth? This is a question the country’s No. 3 craft brewer recently set out to answer, and it now says it’s determined what its Facebook fans mean to its bottom line.
PepsiCo CEO Indra Nooyi put to rest chatter the Purchase, N.Y., giant would be splitting off its lucrative chip business, saying the companies “together create a lot more shareholder value than apart.”
Be it grocery shopping, housekeeping, or the hunt for shoes, full-time workers are willing to spend more on outsourcing errands, so they can work longer. According to the International Concierge and Lifestyle Management Association, spending on personal assistant or errand services is no longer reserved for the uber-wealthy — it's gone mainstream.
Consumers are showing an increasing preference for store brands over brand names, and it’s not all about the price.
It’s been an up-and-down few months for world’s largest brewer Anheuser-Busch InBev. But the global giant is hoping this week marks the start of a super turnaround. The brewer is trying to regain market share with the introduction of two products Bud Platinum Light and Select 55. Both will be promoted heavily during the Super Bowl.
The recession put spirits businesses on guard. But the industry’s trade group says sales are growing, and it might be time to crank up the innovation machine and take a few more chances.
Paula Deen has been teaching comfort food cooks since 2002. On January 17, 2012, she announced her diagnosis of Type 2 diabetes. She also announced that she had become the spokesperson for the anti-diabetes drug Victoza. However, she’s hardly the only celebrity chef to make a questionable endorsement deal.
Pollsters are estimating a record number of people, perhaps as many 173 million, will be watching as the New York Giants take on the New England Patriots in Super Bowl XLVI on Feb. 5.
Former NBA player Kevin Willis is expanding his Willis & Walker clothing line — a line he started 24 years ago when he was playing forward for the Atlanta Hawks — from bespoke suits to the mass big and tall market.
Before the start of JC Penney’s analyst day, William Ackman, largest holder of of JCP shares and Board Member, told CNBC it would be the most important day for retail in 25 years. Now that is a lot of pressure. Today is day two.
Penny-pinching isn't just for the poor. The wealthy are just as interested in clipping coupons, hunting down deals, and keeping spending in check with shopping lists as less affluent consumers, according to a recent survey. That doesn't mean there aren't opportunties to make money.