Staples Inc
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U.S. stock market futures indicated a higher opening on Wednesday, ahead of a closely-watched speech by Fed Chair Ben Bernanke.
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Autozone Inc. rose $5.62 or 1.4 percent, to $420.95. Bed Bath& Beyond Inc. rose$. 18 or. 3 percent, to $69.64. Best Buy fell$. 57 or 2.2 percent, to $25.03.
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New York and Chicago- based Guggenheim has hired former Barclays head of investment banking for retail companies and vice chairman Andrew Taussig as well as managing directors Spencer Hart, Matthew Pilla, Ken Harada and Ryan Mash, the firm said in a press release last week.
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SAN FRANCISCO, May 7- The head of Groupon Inc's. Faisal Masud joined Groupon in 2012 from eBay Inc to oversee "Groupon Goods", intended to compete more directly with eBay and Amazon.com Inc. Groupon has been struggling to make inroads into more traditional Internet retail as appetite wanes for the online local discounts it specializes in.
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*Appoints Faisal Masud as executive vice president, global e-Commerce. *Masud joins Staples from Groupon Inc. *Source text for Eikon* Further company coverage.
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May 7- OfficeMax Inc reported a lower-than-expected quarterly profit on Tuesday, hurt by continued weak sales of technology products and fewer shoppers visiting its stores, although it announced a special dividend of $1.50 per share.
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May 7- OfficeMax Inc reported a lower-than-expected quarterly profit, hurt by declining technology sales, but the company announced a special dividend of $1.50 per share. The news comes as the retailer awaits regulatory approval for its pending merger with rival Office Depot Inc.
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*Sales of $1.24 billion miss analysts' $1.32 billion target. NEW YORK, May 3- Newell Rubbermaid Inc announced plans to sell its hardware and teaching aids units so it could focus more on products for contractors and on emerging markets.
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CHICAGO, May 3- With consumer stocks blazing this year, it makes sense for investors to focus on retailers as the U.S. economy continues an inchworm-like recovery. But retail is a fickle business. The sectors have gained 14 percent and 17 percent year to date, respectively, through May 1, according to Standard& Poor's.
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*Profit of 35 cents per share tops analysts' 32- cent estimate. *Sales of $1.24 billion miss analysts' $1.32 billion target. NEW YORK, May 3- Newell Rubbermaid Inc announced plans on Friday to sell its hardware and teaching aids businesses, as the maker of Sharpie pens and Rubbermaid storage containers tries to narrow its focus and become more profitable.
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*Profit of 35 cents per share tops analysts' 32- cent estimate. *Sales of $1.24 billion miss analysts' $1.32 billion target. NEW YORK, May 3- Newell Rubbermaid Inc announced plans on Friday to sell its hardware and teaching aids businesses, as the maker of Sharpie pens and Rubbermaid storage containers tries to narrow its focus and become more profitable.
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Samsung Electronics, Asus, Amazon Inc and Microsoft all grew their tablet shipments and eked out market share gains against Apple. But the biggest jump in market share came from other Asian manufacturers churning out inexpensive devices sold globally to customers including Staples, Toys R Us, Hewlett-Packard and Toshiba, IDC analyst Ryan Reith told Reuters.
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Samsung Electronics, Asus, Amazon Inc. and Microsoft all grew their tablet shipments and eked out market share gains against Apple. But the biggest jump in market share came from other Asian manufacturers churning out inexpensive devices sold globally to customers including Staples, Toys R Us, Hewlett-Packard.
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April 30- Office Depot Inc reported a weaker-than-expected quarterly profit on Tuesday and said it would hold a special meeting with investors to seek approval for its pending merger with rival OfficeMax Inc.
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The S&P consumer staples index is up close to 15 percent in the last three months. Does the sector have more room to run? Tim Ramey, analyst with DA Davidson & Co, weighs in.
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SAN FRANCISCO, March 28- Google Inc launched a same-day delivery service in the San Francisco Bay Area on Thursday as the world's largest Internet search company works with retailers such as Target Corp to compete more with e-commerce leader Amazon.com Inc.. Google has been testing the service, called Google Shopping Express, with employees for a few months.
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SAN BRUNO, Calif., March 26- Wal-Mart Stores Inc is ramping up plans to combine its physical stores with online technology, testing the use of lockers to hold goods ordered on the Internet until shoppers pick them up, as the world's largest retailer tries to catch up with e-commerce leader Amazon.com Inc..
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SAN BRUNO, Calif., March 26- Wal-Mart Stores Inc will test the use of lockers in its stores to hold goods ordered online until shoppers pick them up, Neil Ashe, chief executive of its e-commerce unit, said on Tuesday. Wal-Mart, the world's largest retailer, is trying to catch up with Amazon, the biggest online retailer.
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SAN BRUNO, Calif., March 26- Wal-Mart Stores Inc will test the use of lockers in its stores to hold goods ordered online until shoppers pick them up, Neil Ashe, chief executive of its e-commerce unit, said on Tuesday. Wal-Mart, the world's largest retailer, is trying to catch up with Amazon, the biggest online retailer.
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SAN BRUNO, Calif., March 26- Wal-Mart Stores Inc will test having lockers in its stores to hold goods ordered online until shoppers pick them up, Neil Ashe, chief executive of its ecommerce unit, said on Tuesday.
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Stocks ended higher Wednesday, with the Dow extending its gains to post a record high for the second-straight day, amid signs of improvement in the labor market.