Students may not be thrilled about their summer break drawing to a close, but retailers couldn't be happier. The average family with kids in kindergarten through 12th grade will spend $669.28 on clothes, electronics and other school-related needs this back-to-school season, according to a survey by the National Retail Federation.» Read More
April 15- Aaron's Inc, a rent-to-own furniture and electronics retailer, said it bought Progressive Finance Holdings LLC from private equity firm Summit Partners for about $700 million in cash. Aaron's said it expects the deal to add to its cash earnings per share from 2014.. The company services more than 5,500 retailers in the United States.
April 15- Aaron's Inc, a rent-to-own furniture and electronics retailer, said it will buy Progressive Finance Holdings Llc from private equity firm Summit Partners for about $700 million in cash. Aaron's said it expects the deal to add to its cash earnings per share from 2014.. The company services more than 5,500 retailers in the United States.
*Strategy informed by early career at Daimler, Permira. *Booming e-commerce shaking up retail. FRANKFURT, March 25- Technology entrepreneur, merger manager and turnaround expert, Olaf Koch believes he has enough experience of big challenges to steer Europe's fourth-biggest retailer Metro through its next one: e-commerce.
*Ukraine crisis hits Russian markets, Lenta listing. FRANKFURT, March 18- German retailer Metro AG has put on ice a plan for a stock market listing of a stake in its Russian wholesale business because of market turmoil over the crisis in Ukraine.
*Tencent buys 15 pct of e-commerce firm JD.com for $215 mln. BEIJING, March 10- Tencent Holdings Ltd's new partnership with China's No. 2 online retailer JD.com takes aim at dominant rival Alibaba's Achilles heel- its weakness in mobile- in a move set to reshape the country's e-commerce industry.
Costco Wholesale's profit fell 15 percent, missing estimates, hurt by weaker gross margins in its fresh-food business and some non-foods merchandises.
As RadioShack announced Tuesday that it would shutter 1,100 stores, "Shark Tank" investor Kevin O'Leary turned his sights on the struggling retailer.
March 4- Retailer RadioShack Corp reported a wider quarterly loss on Tuesday and said it will close up to 1,100 U.S. stores after a huge drop in sales over the holidays, sending its stock down nearly 24 percent.
*Metro needs proceeds to grow in Russia, cut debt. DUESSELDORF/ FRANKFURT, Germany, March 3- German retailer Metro's plan for an imminent stock market listing of a stake in its Russian wholesale business is under threat because of market turmoil over the crisis in Ukraine, sources told Reuters on Monday.
Feb 27- U.S. retailer Best Buy Co Inc reported a better-than-expected profit in the quarter covering the holiday season and said it would more aggressively cut costs this year to fund its turnaround efforts, sending shares higher in midday trading.
Feb 27- U.S. retailer Best Buy Co Inc reported a better-than-expected quarterly profit on Thursday and announced more aggressive cost cuts this year, sending its shares up nearly 6 percent in morning trading.
*New boss currently heads business in Czech Republic, Slovakia. BERLIN, Feb 25- Metro AG has appointed Axel Hluchy as new head of its struggling cash and carry business in Germany, bringing in an executive who has largely worked for the retailer in fast-growing eastern Europe.
Hewlett-Packard reported quarterly earnings and revenue that beat analysts' expectations on Thursday.
At least one analyst at Target pushed for an investigation into payment systems after government and industry reports.
The seller of gadgets, wine accessories, and furniture is in talks with firms about investing. The WSJ reports.
U.S. electronics chain RadioShack is planning to close about 500 stores within months, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Kano Computing lets kids build their own computers using microchip "Raspberry Pi." Alex Klein, Kano Computing co-founder, discusses his business model and how he attracted backers Steve Wozniak and Yancy Strickler from Kickstarter. CNBC's Jon Fortt reports.
Today's service plans are significantly better than those sold 10 or 15 years ago. Most states now require these contracts to have disclosures.
Sandra Ng, Group Vice President, Practice Group, IDC Asia Pacific explains why companies may move away from the "Bring Your Own Device" mobile communications strategy in 2014.
Hewlett-Packard CEO Meg Whitman says the PC trade has an excellent return on invested capital.