PERRYVILLE, Md.— IKEA has expanded its solar power system on top of its Perryville, Maryland, distribution center. The home furnishings retailer plugged in the solar array on Tuesday. Installation of the new solar panels began in the fall of 2013. The project has nearly doubled in size since then.» Read More
WASHINGTON, May 13- U.S. retail sales barely rose in April, tempering hopes of a sharp acceleration in economic growth in the second quarter. The Commerce Department said on Tuesday retail sales edged up 0.1 percent last month, held back by declines in receipts at furniture, electronic and appliance stores, restaurants and bars and online retailers.
The company reported a loss of 1 cent a share on revenue of $758 million.
*Rejects shareholder Vintage Capital's $2.3 bln offer. April 15- Aaron's Inc, a rent-to-own furniture and electronics retailer, rejected a $2.3 billion takeover offer from a major shareholder and instead bought a web-based retail credit financing firm for about $700 million to provide customers with easier payment terms.
April 15- Aaron's Inc, a rent-to-own furniture and electronics retailer, rejected a $2.3 billion takeover offer from a major shareholder and instead acquired a retail credit financing firm for about $700 million.
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.
Domestic goddess Martha Stewart brought some baked goods and optimism on a day the stock market was slammed.
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.
CNBC's Seema Mody takes a look at the home furnishing sector. Mody says Citi favors Williams-Sonoma and expects them to benefit from favorable housing trends, better merchandise and competitive planning.
Mark Mahaney, Internet Analyst at RBC Capital Markets explains what's driving the shoppers' migration from offline to online with mobile platform also gathering pace.
The Container Store's IPO priced at $18 per share, the high end of its expected range on Thursday.
IKEA'S augmented reality app allows users to photoshop an IKEA product into their homes, allowing customers to assess color scheme and the item's size before purchasing it.
JC Penney changed its pricing model from everyday low pricing to sales. But employees say the company artificially inflated prices, then put those same items on sale.
Restoration Hardware has unbelievable momentum and is a "terrific company" that is shaking up the retail market for home furniture, Jim Cramer said.
Shares of beleaguered retailer JC Penney rose more than 7 percent in after-hours trading on Thursday after billionaire financier George Soros disclosed a 7.9-percent stake.
Despite signs the consumer may be starting to pull back, discount stores and home retailers remain attractive investment opportunities, says one analyst.
Three more top executives at J.C. Penney have left the ailing retailer, the New York Post reported, following the ouster of Chief Executive Ron Johnson.
Home Depot expects 3 percent growth in 2013, the same it saw in 2012 as economic growth remains steady, CEO Frank Blake told CNBC.
After a difficult January, when shoppers first felt the effect of a payroll tax hike that lowered take-home pay by 2 percent, some retailers got a little relief in February from growing employment and a rising stock market.