The US should build on what Starbucks is starting with its youth job-creation effort, says former Medtronic CEO Bill George.» Read More
Macy's and Men's Wearhouse team up for a licensing deal that puts the tuxedo rental store into 300 Macy's department stores.
Some of the names on the move ahead of the open.
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.
Despite all the talk about dead malls, there are still those that hear the registers ring. America's top 10 malls, by sales by square feet.
U.S. stocks closed slightly lower on Tuesday, as investors failed to hold positive momentum on domestic data and Greece debt talks.
Through international turmoil, retailers are staying the course in expanding their brands overseas.
According to Reuters, several hedge funds have asked Macy's to consider options for its real estate assets. The FMHR traders weigh in.
Hudson's Bay Co, the parent of Lord and Taylor and Saks Inc, said in February it would form two real estate joint ventures, paving the way for it to sell some of its property assets. Shares of Hudson's Bay have risen almost 50 percent over the last 12 months. Sears Holdings Corp also said in April it plans to spin off 254 stores into a real estate investment trust next...
A new report argues that conclusions about shoppers born between 1980 and 2004 "often provide convenient excuses" for retailers.
Michael Kors Holdings reported its slowest quarterly revenue growth since it went public in December 2011.
May 27- Michael Kors Holdings Ltd reported its slowest quarterly revenue growth since it went public in December 2011 as demand for its handbags and accessories weakened in North America. Michael Kors' revenue rose 17.8 percent in the fourth quarter, slowing sharply from the growth of 29.9-74.4 percent it posted for the past 13 quarters. Michael Kors has been...
Retailers are using beacon technology to wake up the shopping apps on your smartphone and get you to buy.
Kohl's is the latest retailer to say it will join the outlet fray, following the likes of Nordstrom, Saks and Neiman Marcus.
Retailers have had their share of stumbles over the years. Here's who's turning it around.
May 19- Wal-Mart Stores Inc on Tuesday joined the list of U.S. retailers reporting disappointing quarterly results, saying consumers' pocketing tax refunds and savings from cheaper gasoline had dented its sales growth. The results illustrate the obstacles facing Chief Executive Officer Doug McMillon, who took the job 15 months ago. Wal-Mart said sales at...
May 19- Wal-Mart Stores Inc on Tuesday became the latest U.S. retailer to report weaker-than-expected quarterly sales, saying consumers were pocketing tax refunds and savings from cheaper gasoline rather than buying unnecessary items. Wal-Mart said sales at stores open more than a year increased by 1.1 percent in the 13 weeks ended on May 1 from a year earlier.
To determine the best cities for recent college graduates, Rent.com considered everything from employment rates to good restaurants. Here's its list.
NEW YORK, May 15- Top U.S. hedge fund management firms, including Dan Loeb's Third Point LLC and Farallon Capital Management, trimmed some of their equity exposure in eBay Inc, but kept high positions in the e-commerce company's shares during the first quarter, according to regulatory filings. MD Sass Investors Services Inc liquidated its position in eBay,...
Nordstrom Rack's same-store sales fell short of its full-price locations in the first quarter.