Macy's is expanding its same day delivery service in order to compete with Amazon.» Read More
CHICAGO/ SAN FRANCISCO, July 22- Macy's Inc is expanding same-day delivery to several new U.S. markets this summer, one of the most aggressive pushes by a brick-and-mortar retailer in an area dominated by e-commerce giant Amazon, according to a Macy's official. Currently, Macy's is offering the service in Houston, San Francisco, San Jose, Seattle, Washington D.C.,...
If there was ever an argument for owning a broad portfolio of stocks, the first half of 2015 is Exhibit 1.
Washington Gov. Jay Inslee gives his take on why companies like Alibaba, HBO and Apple have set up shop in his state.
Cowen and Company analyst Oliver Chen calculated how significantly reported shipping increases would hurt retailers' gross margins.
May retail sales were in line with expectations, but this has been a very uneven year for retail equities.
TORONTO, June 10- Target Corp's exit from Canada has helped Hudson's Bay Co pick up Canadian market share, HBC executives said on Wednesday as the department store operator reported higher quarterly sales but a bigger loss. The company, founded in 1670, said overall same-store sales rose 2.7 percent on a constant currency basis, with sales up 4.9 percent at its...
June 10- Department store operator Hudson's Bay Co reported a bigger adjusted loss, mainly due to higher administrative expenses and cost of sales. Hudson's Bay, which also runs Lord& Taylor stores in the United States, has been in high-level talks with Germany's Metro to buy its department store chain, Kaufhof. Hudson's Bay plans to drive sales through...
Staten Island's Empire Outlets, coming next year, will make it easier for New York City residents to snag name-brand goods at a discount.
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Pinterest, valued at $11 billion, is letting consumers buy products on the site. It's still not clear where Pinterest will make money.
TORONTO, May 28- Toronto Dominion Bank posted a quarterly profit that beat market expectations on Thursday, driven by strong growth in its Canadian retail and wholesale businesses. The results follow bullish quarterly numbers from Royal Bank of Canada, Bank of Montreal, Canadian Imperial Bank of Commerce and National Bank of Canada, which reported...
If you've stayed at the Venetian, a Trump property or Marriott, you've likely used a Mr. Ice Bucket, made by U.S. artisans for 50 years.
TORONTO, May 26- Toronto Dominion Bank said on Tuesday it will acquire Nordstrom's U.S. consumer credit card portfolio as the Canadian bank looks to use its strong balance sheet to expand its lending business in the United States. But under the terms, Nordstrom will receive a large slice of net revenue generated by the credit card accounts. Nordstrom's U.S. credit...
Kohl's is the latest retailer to say it will join the outlet fray, following the likes of Nordstrom, Saks and Neiman Marcus.
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Entrepreneur Allan Shoemake claims to have created a smartphone case for the selfie generation that can make users flawless—in a snap.
U.S. stock index futures indicated a higher open on Thursday, with investors eyeing weekly jobless claims data for direction.