The department store chain will close 68 Kmart locations and 10 Sears stores in late July. » Read More
U.S. stocks were lower this morning, after Wednesday's severe slide sent Wall Street to its lowest level since late September.
Whether retailers like it or not, shoppers are raising the stakes of the game: they want to shop online and pick up in store.
Traditional retailers and e-tailers alike face challenges to dominate in 2016.
Roughly a quarter of returns take place during the holiday season — meaning an ill-advised purchase can quickly turn from bad to worthless.
This is what you need to consider if you are dedicating your billions to philanthropy, the FT reports.
Dec 23- The increasingly rapid rate of technological change is perhaps the central problem facing investors, presenting companies with huge opportunities but an increased likelihood of rapid decline. How managers grapple with this new reality, including at more mature firms whose offerings are affected by technological change, is key to how well their...
NEW YORK, Dec 22- When he was about to plunk down a hefty amount for a new mattress three years ago, Sean McQuay, like many shoppers, swooned at the extra discount the store offered for opening up a line of credit. While Capital One leads CreditSesame's pack, Sears and Macy's clock in at 8 and 9, and rounding out the top 20 are cards from Kohl's, Home Depot, JC Penney,...
The unseasonably warm weather has left some people feeling cold about holiday shopping.
Why are so few retailers using chip cards this season? Find out which retailers cannot accept the safer payment.
NEW YORK, Dec 15- Thirty online retailers have agreed to stop selling authentic-looking toy guns to New York residents, the state attorney general said on Tuesday. Tuesday's announcement comes four months after Amazon, Wal-Mart Stores Inc, Sears Holding Corp's Kmart and Sears chains, and California- based online retailer ACTA agreed to pay more than $300,000 to...
Off-price retailers are capturing share from department stores, which have left nearly $1 billion up for grabs due to store closings.
Warren Buffett disclosed an 8.02 percent stake in Seritage Growth Properties , a real estate trust created by retailer Sears Holdings.
Dec 10- Billionaire investor Warren Buffett disclosed an 8.02 percent stake in Seritage Growth Properties, a real estate trust created by retailer Sears Holdings Corp.. Seritage was formed by Sears Holdings in June by spinning off about 254 Sears and Kmart stores, as part of the struggling retailer's plans to raise cash. The REIT, which now also includes Sears' 50...
*J.C. Penney, Backcountry.com also settle. Dec 9- Four U.S. retailers agreed to pay $1.3 million of fines to settle U.S. civil charges that they deceived consumers by falsely labeling and advertising textile products as containing bamboo, when they were actually made from rayon. Bed Bath& Beyond Inc will pay $500,000, Nordstrom Inc will pay $360,000, J.C. Penney Co...
U.S. stocks closed sharply lower as yields climbed and traders were worried the Fed would raise rates while the economy is too weak.
U.S. stock index futures indicated a mostly higher open Thursday after ECB President Mario Draghi extended but did not increase the amount of the central bank's asset purchase program.
Some of the names on the move ahead of the open.
Dec 3- Canadian department store operator Sears Canada Inc said its same-store sales rose 0.4 percent in the third quarter- the first rise in two years- helped by higher sales of major appliances, furniture and mattresses. Toronto- based Sears Canada said on Thursday it was aiming for additional cost savings of C $30 million- C $40 million on an annualized basis in...
U.S. stock futures were sharply higher, after yesterday's slide essentially wiped out Tuesday's big rally. Investors this morning are focusing on the Fed and the European Central Bank.
The company, whose largest shareholder is Sears Holdings Corp Chief Executive Eddie Lampert and his hedge fund, said its net loss narrowed to C $53.2 million, or 52 Canadian cents per share, in the quarter ended Oct. 31 from C $118.7 million, or C $1.16 per share, a year earlier.