Michaels Stores confirmed that there was a breach of certain systems that process payment cards at its stores and that of its unit, Aaron Brothers.» Read More
Feb 26- Barnes& Noble Inc, the largest U.S. bookstore chain, on Wednesday reported a profit for the holiday quarter, despite a drop in revenue, as it lowered its Nook digital business costs. The bookseller said revenue fell 10.3 percent to $2 billion in the third quarter ended Jan. 25 as sales of Nook digital books and devices dropped by more than half.
SAO PAULO, Feb 7- Amazon Inc. started selling its Kindle online in Brazil on Friday, expanding from ebooks into retail for the first time in Latin America's biggest and most challenging ecommerce market. The world's largest online retailer launched an Internet bookstore in Brazil in 2012, a low-risk landing on this $11 billion emerging ecommerce market.
BOSTON, Jan 14- Companies that help Target Corp process payments could face millions of dollars in fines and costs resulting from the unprecedented data breach that struck the retailer over the holiday shopping season.
Bookseller Barnes & Noble said that Michael Huseby, the head of its digital division, has been named chief executive, effective immediately.
Jan 8- Bookseller Barnes& Noble Inc said on Wednesday that Michael Huseby, the head of its digital division, has been named chief executive, effective immediately. The largest U.S. bookstore chain had been without a CEO since William Lynch resigned in July in the wake of several quarters of poor sales of Barnes& Noble's Nook e-readers.
After an earlier controversy, poor sales and stock performance, the once-trendy retailer is offering larger sizes as part of a turnaround effort.
Dec 10- AutoZone Inc, the largest U.S. auto parts retailer, reported a better-than-expected quarterly profit as it focuses on its fast-growing business that sells to auto repair chains to offset weakness in its main do-it-yourself market.
Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers.
NEW YORK, Dec 6- Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers from Wal-Mart Stores Inc to Neiman Marcus, and car makers, a red flag for investors who have ridden a sector rally all year.
NEW YORK, Nov 28- Americans gathered on Thursday to celebrate Thanksgiving, stuffing turkeys for family feasts, braving high winds and the bitter cold along parade routes and starting their holiday shopping one day earlier this year.
Nov 26- Barnes& Noble Inc, the largest U.S. bookstore chain, on Tuesday reported a higher than expected quarterly profit as it cut store workers' hours scaled back its money losing Nook business, helping it offset sharp sales declines. Barnes& Noble has been struggling for years with readers' shift to e-books.
Nov 26- Barnes& Noble Inc, the largest U.S. bookstore chain, reported an 8 percent drop in quarterly revenue as sales fell across all its businesses, including its stores and Nook e-readers and e-books.
With less vacant retail space available amid an improving economy, retailers are experimenting with pop-up stores within existing larger spaces.
NEW YORK, Nov 21- U.S. retailer Sears Holdings Corp, which has been struggling to generate cash from its operations, sees room to close more stores next year, Chief Executive Edward Lampert said on Thursday.
The market now is a place in which even basic goods such as socks and razors are either incredibly cheap or extremely expensive.
Gap’s high-end activewear brand Athleta could emerge as the biggest winner from Lululemon’s quality control questions.
Container Store's shares, which had been priced at $18, opened at $35 and touched a high of $36.55, valuing the company at about $1.7 billion. Container Store, established in Dallas in 1978, operates 62 stores in 22 states and the District of Columbia.
Oct 31- Storage products retailer Container Store Group Inc raised $225 million after pricing its initial public offering at the top end of its increased price range. The company had planned to sell shares at $14- $16 per share but raised the range to $17- $18 on Wednesday. JPMorgan, Barclays and Credit Suisse were the lead underwriters for the offering.
The world’s largest orange diamond will be hitting the auction block and it’s expected to set a new world record for “fire diamonds” in both size and price.
October 23- Fall is book fair season at schools across the United States, and despite changes in children's reading habits, the fundraising needs of parent organizations and the business of publishing, little has changed over the years. The national bookstore chain Barnes& Noble Inc has its own version of book fairs, which are held at its stores, not in schools.