Bill Taubman, Taubman Centers COO, provides his outlook on the holiday shopping season after this weekend's winter storms. We expect the shopping traffic will be heavier in the next couple of weeks, Taubman predicts.» Read More
Australia's largest supermarket chain, Woolworths, reported a 9.6% jump in fourth-quarter sales, and upgraded its full-year profit outlook, as it continues to take market share from struggling rival Coles Group.
The controversy over just what the U.S. Supreme Court's ruling on Leegin v. PSKS means is still fueling debate. Hedda Schupak, Editor-in-chief of Fine Jewelry publication JCK wrote in with her impression on just what the ruling will mean for high end retailers. She seems to think that price-flooring has been going on for a long time and that the new ruling won't change those practices that drastically.
Children's Place Retail Stores said Monday that June same-store sales fell 4%, forcing the company to forecast a wider net loss for the current quarter than analysts had expected.
General Motors sales outgrew the broader European car market in the first half as a surge in demand for its Korean-built Chevrolet brand cars offset a hefty decline in Saab sales, the automaker said on Monday.
U.S. investment firm Harris Associates is looking to sell its 14% stake in apparel firm Giordano International as it is not happy with the company's earnings and dividends, the South China Morning Post reported on Monday.
He's the man behind the brand with a face and name as famous as his red carpet clients. French-born Frederic Fekkai built an American empire of hair salons. Now after 18 years in the salon business, Fekkai wants to take his name brand into the global luxury market. "We think that in the next 2 years we will have 20 salons open," Frederic told me at his new Soho Salon on West Broadway in Manhattan.
Hey everyone, I've got an update on my U.S. Supreme Court antitrust decision post. One hedge fund manager I spoke with responded to my question about how the ruling will affect the apparel business. All that follows is a summary of his take: The decision about enforcing minimum pricing will have almost no effect with one possible HUGE exception. Power brands like Polo, Juicy, Coach, Calvin Klein already decide the minimum pricing of their products.
Here's the quick and dirty on what yesterday's ruling by the U.S. Supreme Court on Leegin v. PSKS means for retail: The case of Leegin v. PSKS came to the docket of the Supreme Court after a dispute over the sale prices of designer handbags. Brighton/Leegin of City of Industry, Calif. Brighton/Leegin required a Lewisville, Texas, boutique, Kay's Kloset, to agree in writing not to sell its products below a certain price.
In a sign of the growing influence that restaurants have on how and where consumers spend their money, a major retail trade group has included for the first time six restaurant companies on its list of the top 100 retailers, released on Friday.
German retail sales declined 1.8% in real terms in May compared with April and fell 3.7% from May last year, according to preliminary figures from the Federal Statistics Office.
British music and books company HMV Group said Thursday full-year profit halved, and it is in talks about selling its Japanese unit.
Shares of Northern Rock plummeted 12% after the U.K. mortgage lender cut its 2007 profit expectations Wednesday, as higher interest rates weighed on funding costs and the prospects for real estate in Britain.
Best Buy said on Wednesday that it would open more North American stores than previously planned, buy back $5.5 billion in stock and raise its dividend by 30 percent.
Japanese retail sales unexpectedly rose in May from a year earlier, government data showed, pointing to a slight recovery in personal spending, but economists expect consumption to remain weak in the coming months.
Color and personalization of the new XPS M1330 notebook are how Dell is choosing to highlight its design innovation and separate itself from competitors. The PC maker debuted its new line of notebooks Tuesday in an unusual way in an unlikely setting: a runway show in Macy's Herald Square. The launch is all part of Dell's efforts to regain marketshare lost to competitor H-P by rebranding with a more stylish edge.
Kroger the nation's largest traditional supermarket chain, said Tuesday first-quarter profit jumped 10 percent but was slowed by labor unrest. Its shares sank more than 5 percent in trading Tuesday.
Every once in awhile there is a partnership or corporate event that sort of makes you scratch your head. Journalists and analysts are paid to connect the dots but on both fronts, the people I've spoken with today are wondering what's behind Dell's choice to launch its new product line at Macy's in Herald Square. The launch will be Tuesday morning in Manhattan and Dell executives including Sr. Vice President Alex Gruzen will be on hand for the runway show of products.
Paris The Thought: It all starts anew this week. With Ms. Hilton leaving jail, email me with suggestions on how she might effectively rebrand herself. Seeking big money from networks has backfired--especially since she doesn't actually need money. Perhaps she should have said the dough would be donated to programs that help inmates. Yes, it's easy to crack wise (and feel free to!), but, seriously, what should she do now? There's a CNBC coffee mug in it for the most thoughtful reply.
Furniture and home goods retailer Pier 1 Imports said Thursday its first-quarter loss more than doubled as sales and margins on merchandise declined.
Best Buy is known for selling old fashioned music-- you know, CDs? Now Best Buy is pushing to keep up with the iPod set. The big box retailer announced that more than 450 of its stores will carry the Sonos Digital Music System, which it boasts is the only multi-room wireless music system with handheld control. The idea is that customers connect Sonos to their direct music services like Sonos or Pandora, to play music all over their home, starting at $999 for two rooms of music.