Ahead of one of the biggest shopping events of the year, a group of retail companies could see their shares rise, if history is any guide.» Read More
Brands are beginning to rely more heavily on digital advertising through mobile to bring people to their stores.
U.S. stocks closed narrowly mixed in low volume trade after a slew of data releases Wednesday, the last full trading day of the holiday week.
Thanksgiving: Opens 6 p.m. and stays open all night into Black Friday. Thanksgiving: Deals start at 6 p.m.. Thanksgiving: Opens 6 p.m. and closes 2 a.m. Friday.
For the retailers that have been knocking on death's door, this holiday shopping season has taken on an added sense of urgency.
Nov 19- Best Buy Co Inc forecast a revenue decline for the crucial holiday quarter and reported lower-than-expected quarterly sales due to weak demand for mobile phones, tablets, repair services and warranties. Chief Executive Officer Hubert Joly on an earnings conference call attributed the results for the third quarter ended Oct. 31 to weakness in the...
*Best Buy will report quarterly earnings on Thursday. *Sears' woes create opportunity for Best Buy in appliances. CHICAGO, Nov 18- Best Buy Co Inc is betting that appliance sales will drive significant revenue growth in the future, a strategy that is likely to benefit the biggest U.S. electronics chain when it reports earnings on Thursday.
Bidders have found little appeal in disfavored retail stocks, even as chains sink to valuations that were appealing in the past.
AFI Partners bought Waterloo Industries in September. One of the products Waterloo Industries makes is storage products for Sears' Craftsman brand. Company Vice President Matt Sallee said he expects Waterloo Industries to keep its 14- person sales and marketing crew in Waterloo.
For Macy's and fellow brick-and-mortar retailers, the need to do something new is getting much more pressing.
Target, Best Buy, Toys R Us, Sears, Belk, Macy's, Staples and J.C. Penney also will be open on Thanksgiving Day.
Some of the names on the move ahead of the open.
U.S. stock futures were higher this morning, as historically-bullish November trading begins after traditionally-bearish October turned in the best month in four years.
The retailer started sounding the blue sirens used to flag the surprise, 15- minute long deals to shoppers at its 942 stores on Friday, and will kick-off a marketing campaign to highlight the move with a TV ad on "Sunday Night Football" on NBC. "It's part of our DNA," said Kmart President Alasdair James, a former executive at British retailer Tesco PLC who joined the...
The world's largest retailer on Thursday offered its first peek at what shoppers can expect from the discounter this holiday season.
A "Death by Amazon" index created by a research firm shows that the online retailer's dominance of the rest of the industry has never been greater.
*Others wanted to meet outside Bangladesh or hold video calls. DHAKA, Oct 15- Business executives from global clothing giants H&M Inditex and Gap have canceled trips to Dhaka this month after the killings of two foreigners, industry sources said, causing anxiety for Bangladesh's $25 billion garment export sector. The United States and Canada have asked their...
*Others wanted to meet outside Bangladesh or hold video calls. DHAKA, Oct 15- Business executives from global clothing giants H&M Inditex and Gap have cancelled trips to Dhaka this month after the killings of two foreigners, industry sources said, causing anxiety for Bangladesh's $25 billion garment export sector. The United States and Canada have asked their...
Oct 14- U.S. stocks fell on Wednesday as Wal-Mart skidded after issuing a weak profit forecast, dragging down other big retailers, and as JPMorgan slipped after disappointing results. Rival Target was down 3.5 percent at $76.20, and Sears fell 3.0 percent to $24.41. JPMorgan shares fell 2.5 percent to $59.99 after the bank reported disappointing third-quarter...
*JPMorgan falls, Bank of America rises after results. Oct 14- U.S. stocks fell in late afternoon trading on Wednesday, as Wal-Mart skidded after issuing a weak forecast, dragging down other big retailers, and as JPMorgan slipped after its results. Rival Target was down 4.2 percent at $75.63, and Sears fell 3.5 percent to $24.28.
*JPMorgan falls, Bank of America rises after results. The S&P 500 fluctuated following mixed bank results and disappointing economic data from the United States and China. "The major theme, not only today but through the balance of the earnings season, is going to be the revisions to fourth quarter and 2016 earnings," said Bill Northey, chief investment officer of...