While many U.S. business sectors are being hurt by the rising dollar, there's one that is reaping its benefits.» Read More
Jan 27- Chocolate maker Hershey Co is in late-stage talks to acquire Krave, a maker of healthy beef, turkey and pork jerky snacks, according to people familiar with the matter. The deal is expected to value Sonoma, California- based Krave at between $200 million and $300 million, the people said this week. It sells to retailers that include Target Corp, Vitamin Shoppe...
Costco Wholesale Corp. rose $2.13 or 1.5 percent, to $141.27. Target rose $1.82 or 2.5 percent, to $75.77. Wal-Mart Stores Inc. rose $1.66 or 1.9 percent, to $88.30.
Jan 22- Dollar General Corp could make smaller acquisitions and build its store footprint to better compete with Dollar Tree Inc, which is poised to become the largest discount retailer after its acquisition of Family Dollar Stores Inc.. On Thursday, Family Dollar shareholders approved a cash-and-stock deal to be bought by Dollar Tree for $8.5 billion,...
NEW YORK— Shares of some top big-box retail companies are up at 1 p.m.:. Costco Wholesale Corp. rose$. 65 or. 5 percent, to $139.79. Wal-Mart Stores Inc. rose $1.09 or 1.3 percent, to $87.73.
Costco Wholesale Corp. fell$. 34 or. 2 percent, to $139.38. Target fell $1.27 or 1.7 percent, to $73.67. Wal-Mart Stores Inc. fell$. 08 or. 1 percent, to $86.69.
Sears Canada's latest offer is aimed not at customers, but at the soon-to-be unemployed workers of Target Canada. In response, Sears Canada is encouraging Target Canada employees to apply for jobs at its company. Beginning this week, Sears Canada will post information online about job fairs, hold a meet-and-greet for Target head-office employees and even...
NEW YORK— Shares of some top big-box retail companies are down at 1 p.m.:. Costco Wholesale Corp. fell $1.03 or. 7 percent, to $138.69. Wal-Mart Stores Inc. fell$. 79 or. 9 percent, to $85.98.
NEW YORK— Shares of some top big-box retail companies are down at 10 a.m.:. Costco Wholesale Corp. fell$. 38 or. 3 percent, to $139.34. Wal-Mart Stores Inc. fell$. 31 or. 4 percent, to $86.46.
NEW YORK/ TORONTO, Jan 16- Target Corp was scrambling for ways to fix its failing Canadian expansion and considering closing just the weakest locations, but a pre-holiday visit to several stores by CEO Brian Cornell helped seal the decision for a full retreat. Cornell spent the weekend before Christmas making solo visits to stores in Ontario and Quebec, Canada's...
NEW YORK— Some Twitter accounts of the New York Post and UPI, as well as the news agency's website, were briefly hacked Friday. Another on the New York Post's business section Twitter feed said that Bank of America's CEO was calling for calm after a Federal Reserve decision. The hack is being investigated, said Jenny Tartikoff, a spokeswoman for the Post.
NEW YORK— Shares of some top big-box retail companies are down at 10 a.m.:. Costco Wholesale Corp. fell$. 25 or. 2 percent, to $139.06. Wal-Mart Stores Inc. fell$. 32 or. 4 percent, to $87.06.
"Mad Money" host Jim Cramer shares his opinion on the big time retailer after its announced moved away from Canada.
Jim Cramer assessed Target's call to close stores in Canada. Could this mean it's time to buy buy buy, or go bye bye bye?
Costco Wholesale Corp. unchanged at $139.31. Target rose $1.34 or 1.8 percent, to $75.67. Wal-Mart Stores Inc. rose$. 77 or. 9 percent, to $87.38.
Jan 15- Target Corp's exit from Canada means Chief Executive Brian Cornell will have to rely solely on the saturated U.S. market for growth, the success of which could hinge on a shift towards smaller and urban-based stores. Target announced plans on Thursday to close all of its 133 stores in Canada and put the local business in bankruptcy. "They could easily open in...
TORONTO/ MONTREAL, Jan 15- Target Corp's abrupt decision to withdraw from Canada is troubling news for many mall owners, as the most obvious potential buyer of property assets- Wal-Mart- is expected to cherry-pick from Target's 133 locations. Wal-Mart Stores Inc, the world's biggest retailer, already has stores near most Target locations, said Jim Danahy, chief...
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Bank of America Corp., down 84 cents to $15.20. Best Buy Co., down $5.61 to $34.30.
Stocks fell Thursday, extending losses into a fifth day.
After 2 years Target is exiting its operations in Canada. Insight, with CNBC's Courtney Reagan.
But in 2006, the Bentonville, Arkansas- based discounter, threw in the towel in Germany, announcing it would sell its 85 stores to Metro Group, a German retailer. BEST BUY: In January 2013, the consumer electronics chain said it would close 15 of its stores in Canada and cut about 5 percent of its workforce in the country as it tries to revamp its strategy there.