LONDON, June 24- IKEA Group plans to trial a new small-format store in Britain as it seeks to extend its reach across the country, the world's largest furniture retailer said on Wednesday. The privately owned Swedish company, known for its flat-pack, self-assembly furniture, intends to trial "order and collection points", starting in Norwich, eastern England, in the...» Read More
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.
The decision to do away with sales last year had no testing behind it. So it is not a mystery why J.C. Penney has done a 180 when it comes to its promotional stance.
Stocks are up as Bears are not yet in control of the narrative. There were no surprises from Bernanke, though he did give a rather spirited defense of QE and low interest rates.
Macy's Chief Executive Terry Lundgren said he was shocked when Martha Stewart told him in 2011 that she was starting a new alliance with rival J.C. Penney.
Furniture retailer Ikea says it has halted all sales of meatballs in Sweden after Czech authorities detected horse meat.
JC Penny and Macy's are going head to head today at the New York Supreme Court over whether Martha Stewart's contract with Macy's prevents JC Penney from selling Martha Stewart Living Omnimedia products in certain categories, reports CNBC's Courtney Reagan.
Retail sales barely rose in January as tax increases and higher gasoline prices restrained spending. Separately, import and export prices rose slightly less than expected in the month.
Retailer J.C. Penney increased its borrowing capacity under a bank credit facility by $100 million to $1.85 billion and expanded an option to borrow more at a later date, raising concerns among analysts as it works on a turnaround.
Samir Arora, Fund Manager, Helios Capital Management explains why he is optimistic about IKEA's expansion in India.
Heading into Black Friday, these retailer stocks present bargains for investors, the “Fast Money” pros said Wednesday on CNBC.
It might have a broken stock, but “Mad Money” host says it’s not a broken company.
Using data provided by the financial information firm Sageworks, CNBC.com shows which industries took the worst beating in 2009 and 2010.
Pier 1 Imports has a very large loyal customer base, says Anthony Chukumba, BB&T Capital Markets specialty hardlines retailers analyst, whose company has a buy rating on the company.
To find out more about Pier 1’s future, Cramer spoke with President and CEO Alex Smith.
Mad Money's Cramer says PIR is one of the best performing stocks out there and talks with Alex Smith, Pier One Imports president/CEO about the company's earnings and its plans to open 100 new stores across the U.S.
The upcoming listings of retailers Coach, Prada and Samsonite in Hong Kong are a sign that the future growth of the retail and luxury industry is in China, according to one analyst.