Tesco reported pre-tax profit fell by 91.9 percent to £112 million in the first half of 2014, as it confirmed that previously profits had been overstated by £263 million, more than the £250 million originally estimated.» Read More
It goes without saying--well almost without saying-- that it's been a down day for the markets that hasn't been seen in some time--with triple digit losses for the Dow and Blue Chip Index falling as much as 150 points today.
Wall Street will be paying close attention to signs about the health of the economy after a sharp selloff in stocks.
It killed eToys. It’s the great equalizer between brick and click retail. It’s shipping – and when the U.S. Postal Service didn’t satisfy demand, the United Parcel Service and Fedex saw their opportunity.
Despite the fine weather in much of the nation--America's largest retailer can't seem to get out from under a dark cloud. On Closing Bell--CNBC's Liz Claman finds out why.
Home furnishing sellers are among the many retailers hoping for a strong Holiday shopping season. But--will they get their wishes or be unpleasantly surprised this Christmas?
Nearly half of holiday shoppers are expected to spend the same amount as they did last season, according to a new CNBC poll.
There’s plenty of time to shop for Christmas… right? Maybe not. CNBC's Darren Rovell had a caveat for procrastinators: "If you did not get your flat-screen TV over the [Thanksgiving] weekend," he warned, "you’re in trouble."
The National Retail Federation’s Holiday Consumer Intentions & Actions survey says “the popularity of gift cards has increased at a remarkable rate, “ and will hit another record level this year, thanks partly to personalization options now available from many retailers.
Holiday shopping got off to a strong start over the week-end with upscale department stores looking like early winners. And it's not just grownups who have their hearts set on something luxurious. Kids are going upscale, too.
Wired magazine Products Editor Mark McClusky gave us the latest on this year’s best gadgets. The top picks: Toshiba’s Gigabeat media player; Nike’s iPod Sport Kit – a nifty device that sends audio updates of your performance to your iPod while you run--and the BlackBerry Pearl 8100.
Electronics won the week-end as the hot ticket this holiday season--at least most of them. CNBC's Darren Rovell reports from a Best Buy outlet store in Paramus, New Jersey--on what's ringing the cash registers.
Cyber Monday – the official start of the online shopping season – kicked off today. Analysts predict almost $460 billion in holiday sales are up for grabs this year, and retailers are boosting their search engine marketing budgets to draw in shoppers.
Shopping is a lot of fun but it can also be a headache. The right preperation and organization can go a long way. Do your research before you even make a purchase and be well-positioned to follow up later. Here's some things that will help make you a smart shopper.
Good morning. We'll start with our quote of the day from Henry Ford--"A business absolutely devoted to service will have only one worry about profits. They will be embarrasingly large."Service is on the mind of most retailers today. Thanksgiving is over--Black Friday has come and gone--but the shopping season is in full swing. It's "Cyber Monday"--one of the busiest days of the year for online shopping.
On today's Power Lunch -- a new survey from Deloitte and Touche finds of all the new retail trends nothing is more popular with Holiday shoppers than the tried and true gift card.