The chairman and CEO of Toys R Us is retiring and will be succeeded by an executive with experience in taking companies public.» Read More
NEW YORK— The stock market eked out another record close on Thursday as rising oil prices boosted energy stocks. Best Buy was among the biggest gainers after reporting earnings that exceeded the expectations of Wall Street analysts. Lumber Liquidators, a specialty retailer of hardwood flooring, plunged after its CEO abruptly quit the company.
NEW YORK, May 21- Small U.S. food manufacturers once toiled for decades to develop a critical mass of fans for their products. More mass-market retailers want niche brands that shoppers view as healthier to drive traffic in stores, particularly as they face rising competition from natural food and specialty chains like Whole Foods Market Inc..
Golden Bear, the maker of Letterman's "Late Show" staff jackets for over 15 years, will miss the king of late-night TV when he retires.
LOS ANGELES, May 6- Whole Foods Market Inc on Wednesday said same-store sales growth cooled in the latest quarter and announced plans to debut a new chain of smaller, more value-focused shops next year. Whole Foods executives said the new stores will be designed for influential and tech-savvy millennial shoppers. "We see it as complementary," John Mackey, Whole...
Wall Street is bullish a maker of natural, refrigerated pet food as more Americans treat their dogs as "family members."
March 20- Tiffany& Co's quarterly sales fell for the first time in five years and are expected to decline further as a strong dollar not only keeps tourists away from its flagship New York jewelry store but also reduces the value of sales overseas. Sales outside the United States account for roughly half of Tiffany's total revenue, while tourists have...
The flower business is blooming for 1-800-FLOWERS, which has weathered downturns and the fact that consumers use them infrequently.
Feb 11- Whole Foods Market Inc on Wednesday said same-store sales have accelerated, helped by stronger consumer confidence and shoppers' positive response to the upscale grocer's price cutting and its first national advertising campaign. Shares in the largest U.S. organic and natural food supermarket were up 2.1 percent in extended trading after the news...
Finding it hard to flourish in a smartphone-dominated world, in-flight catalog maker SkyMall has filed for bankruptcy, according to a court filing.
in 2014, gas prices went down. Exclusive data to CNBC from Cardlytics shows where Americans saved and spent, breaking down sector winners and losers.
Tiffany cut its full-year profit outlook, hurt by a stronger U.S. dollar and some weakness in the Americas and Japan.
CHICAGO, Jan 7- U.S. retail store sales fell 8 percent during the 2014 holiday season despite a late shopping surge, but overall holiday sales should show a 3.5 to 4 percent rise from a year ago because of stronger online buying, analytics company Retail Next said on Wednesday. Specialty stores in the United States include chains such as Best Buy Co Inc and large...
CHICAGO, Dec 24- U.S. consumers have not turned out in force for the final shopping days before Christmas, suggesting that traditional retailers will just meet industry sales forecasts in a season marked by deep discounts and growing encroachment from online rivals led by Amazon.com Inc.. "The past weekend will not save this holiday season," said Craig Johnson,...
If people will buy ugly sweaters, they'll certainly buy stupid gifts. Here's a roundup of ridiculous holiday ideas.
Dec 9- AutoZone Inc, the second-largest U.S. auto parts retailer, reported a higher-than-expected quarterly profit, helped by lower gas prices and colder-than-usual weather that encouraged customers to ready their cars for a harsh winter. AutoZone's shares rose 3.3 percent in premarket trading. AutoZone said on Tuesday sales were also helped by low gas...
Debbie Sterling's story-based GoldieBlox construction sets and action figures are being sold in 6,000 stores worldwide, two years after taking Kickstarter by storm.
Consumer watchdog advises thinking twice this holiday shopping season before buying toys. Group nominates the 10 worst toys in this annual list.
Best Buy reported quarterly earnings and revenue that beat analysts' expectations on Thursday, sending shares sharply higher in premarket trading.
Home Depot's earnings report coverage on Tuesday morning caused confusion among various news publications. What happened?
In anticipation for the 2015 smartwatch launch, Apple wants to hire a tech evangelist to function as a liaison between the company and app developers.