Target, which started its subscription service by offering 150 baby products, is expanding the program tenfold by adding nearly 1,600 items.» Read More
J.C. Penney is about to undo the centerpiece of former Chief Executive Officer Ron Johnson's failed vision to take the retailer upmarket.
March 13- J.C. Penney Co Inc is about to undo the centerpiece of former Chief Executive Officer Ron Johnson's failed vision to take the retailer upmarket. The retailer wants to recapture former clients and go head to head with rivals like Target Corp and Kohl's Corp..
March 12- Empire Co Ltd, the operator of Canadian grocery chain Sobeys, reported a steep fall in quarterly profit, hurt by higher inventory losses and higher costs due to a weaker Canadian dollar. Net earnings fell to C $40,000, or nil Canadian cents per share, in the third quarter, ended Feb 1, from C $74.1 million, or C $1.09 per share, a year earlier.
While the Canadian discount sector is over-penetrated by American competitors, the luxury space still has room to grow.
Some of Wednesday's midday movers:
CNBC's Bob Pisani reports on declining shopper traffic at Target and weak sales at Express.
Some of the names on the move ahead of the open.
Target has been sued by Swatch, which accused the second-largest U.S. discount retailer of illegally selling watches that copy its own.
What's behind investor activist Carl Icahn's battle with Marc Andreessen, the entrepreneur turned technology investor.
March 10- Target Corp has been sued by Swatch Group SA, which accused the second-largest U.S. discount retailer of illegally selling watches that copy its own. In a lawsuit made public on Monday in U.S. District Court in Manhattan, Swatch, which is known for its plastic namesake watches, accused Target of infringing its designs for "zebra" and "multi-color" watches.
A "dark web" industry that services cybercriminals helped fueled the attacks that led to Target's massive data breach, McAfee Labs told CNBC.
Charles Koppelman, former Chairman and CEO of Martha Stewart Living Omnimedia, explains why he thinks Target's security breach will not spread throughout other retailers.
Attorney General Eric Holder has joined the call for a nationwide notification standard, but divisions persist, making a consensus questionable.
More investors are jumping on the cybersecurity bandwagon, driven by the growth in online theft. Stay tuned for a doubling of valuations this year.
March 7- Visa Inc and MasterCard Inc said they had launched a cross-industry group to improve security for card transactions and press U.S. retailers and banks to meet a 2015 deadline to adopt technology that would make it safer to pay with plastic.
Not only are Target's sales taking a hit in the aftermath of its data breach: fewer people are going there in the first place.
Credit card companies MasterCard and Visa said they had formed a new cross-industry group to enhance payment system security across networks.
March 7- Credit card companies MasterCard Inc and Visa Inc said they had formed a new cross-industry group to enhance payment system security across networks.
David DeWalt, FireEye CEO, explains how his company is protecting businesses from cyberattacks, and discusses the acquisition of Mandiant. Right now we are focused on high-end growth and market share, says DeWalt.
*Sales rise 6 pct to $25.76 bln, misses est $26.65 bln. March 6- Warehouse retailer Costco Wholesale Corp reported a bigger-than-expected 15 percent fall in quarterly profit as unusually deep discounting in the holiday shopping season hurt margins, sending its shares down as much as 3.6 percent.