Bricks-and-mortar locations need to undergo a complete makeover to stay relevant 25 years down the line, experts said.» Read More
NEW YORK, June 6- Sears Holdings Corp's controlling shareholder Eddie Lampert met with Ford Motor Co CEO Alan Mulally earlier this year to seek advice on how to turn around the ailing retailer, two sources familiar with the matter said.
Millions of Americans each year buy prescription medication from online, international pharmacies to save money even though it's illegal.
Stocks rose modestly on Thursday, extending the prior day's rally.
Members of Sears' Shop Your Way loyalty program made up more than 74 percent of sales at Sears and Kmart's domestic locations for the first quarter.
*Best Buy rises after results. NEW YORK, May 22- U.S. stocks advanced modestly on Thursday after the latest batch of mixed data failed to deliver the confidence boost needed by investors to push indexes past record highs set last week.
*Best Buy rebounds from early declines after results. NEW YORK, May 22- U.S. stocks were modestly higher on Thursday after the latest batch of mixed data gave investors little reason to push indexes past record highs.
*First quarter adj profit $0.33/ shr vs est $0.20. May 22- Best Buy Co Inc reported a better-than-expected quarterly profit, showing signs that Chief Executive Hubert Joly's turnaround efforts were progressing and sending the company's shares up as much as 8.5 percent in morning trading.
*Best Buy rebounds from early declines after results. NEW YORK, May 22- U.S. stocks were set to open little changed on Thursday, in the wake of data showing initial jobless claims rose in the latest week but were still near pre-recession levels, and ahead of data on the housing market.
Stock futures pointed to a higher open on Wall Street on Thursday, with initial jobless claims rising last week.
*Best Buy falls in premarket after results. NEW YORK, May 22- U.S. stock index futures were little changed on Thursday, ahead of data on the labor and housing markets, after the S&P 500 advanced for a third time in four sessions. Dow Jones industrial average e-mini futures gained 8 points and Nasdaq 100 e-mini futures added 2.75 points.
Some of the names on the move ahead of the open.
Sears posted a bigger loss as the struggling retailer failed to arrest the fall in sales despite offering heavy discounts to woo shoppers.
Shares of the company, which operates Sears department stores and the Kmart discount chain, fell 7 percent in premarket trading. The retailer operated 1,980 Sears and Kmart stores in the United States as of February.
May 22- Sears Holdings Corp posted a bigger loss for the first quarter as the struggling retailer failed to arrest the fall in sales despite offering heavy discounts to woo shoppers. The company, which operates Sears department stores and the Kmart discount chain, said revenue fell 6.8 percent to $7.88 billion.
*Sears Canada's shares marginally lower. Sears Canada's shares were little changed, but shares of Sears Holdings Corp, which said last week it was looking to sell its 51 percent stake in Sears Canada, fell as much as 4.7 percent.
TORONTO, May 21- A pink Barbie-branded SUV that seats two toddlers offers a surprising glimpse into the myriad problems that jammed up Target Corp's supply chain when it set up shop in Canada, and the challenge facing Target's new Canadian head.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
*Sears Holdings says it may put Sears Canada up for sale. Sears Holdings, which operates more than 2,300 stores in the United States and Canada, said it will hire an investment bank to explore options for its share of Sears Canada. The move comes as Sears Holdings, which operates Sears and Kmart discount stores, tries to engineer a turnaround.
SeaWorld and Cisco are among those making headlines after the bell Wednesday.
Experts offered a list of six common mistakes U.S. retailers make when setting up operations in Canada.