*A Canadian naval intelligence officer pleaded guilty to spying for Russia, a public admission of an embarrassing espionage scandal that has damaged Canada's reputation among allies and will likely reverberate for years.
NEW YORK-- Safeway Inc. is betting that its investment in a new customer loyalty program will eventually pay off, as the supermarket operator looks to fend off big-box retailers and other competitors that are expanding their grocery aisles.
Oct 11- The CDS of big box retailers Home Depot and Target have tightened significantly in recent months, but have the potential to widen in the months ahead as consumer spending is expected to increase only moderately.
NEW YORK-- Safeway Inc. may give investors a glimpse of how the supermarket chain's new loyalty program for shoppers is impacting sales when it reports its third-quarter results Thursday.
NEW YORK-- Safeway Inc. may give investors a glimpse of how the supermarket chain's new loyalty program for shoppers is impacting sales when it reports its third-quarter results Friday.
Oct 9- Wal-Mart Stores Inc is testing same-day delivery of televisions, toys and other general merchandise bought online in a few U.S. markets as it tries to find new ways to keep up with competitors and to attract busy shoppers this holiday season.
*Corporate tax revenue coming in to Ottawa was up slightly last year, even as the Conservative government was in the midst of an aggressive plan to lower the corporate tax rate.
U.S. ports are expected to handle 1.45 million 20- foot Equivalent Units in October, up 9.9 percent from the year-earlier period, according to the monthly Global Port Tracker report by the National Retail Federation and Hackett Associates.
There’s room in the tablet market for more than just one device, Barnes & Noble CEO William Lynch told CNBC’s “Squawk on the Street” on Monday.
NEW YORK-- Shares of Vringo, which buys and licenses patents, jumped more than 16 percent in heavy trading Monday, after the company said it filed a patent infringement lawsuit against ZTE Corp.' s U.K. subsidiary.
Oct 8- Two private equity firms agreed to a $166 million settlement of a lawsuit that accused them of stripping assets from the Mervyn's retail chain and pushing the former unit of Target Corp into bankruptcy, according to court documents.
The FDA said Friday that a recent inspection found salmonella in the plant which produced Trader Joe's Valencia Creamy Peanut Butter and many other nut butters and nut products for several large national grocery chains. FDA has found problems at Sunland before.
He named Family Dollar Stores Inc. as his top pick among the group, rating it at "Outperform" with an $81 price target. The analyst also rated Dollar Tree Inc. at "Outperform" with a $55 target price. In afternoon trading, Family Dollar shares added 42 cents to $69.07; Dollar Tree shares rose $1.33, or 2.8 percent, to $48.18 and Dollar General shares fell 27 cents to $51.80.
WASHINGTON-- Salmonella has been found in a New Mexico plant that produces nut butters for retailer Trader Joe's and several other large national grocery chains, the Food and Drug Administration said Friday.
Higher-end retailers like Bloomingdales's, Saks Fifth Avenue and Nordstrom are also dangling bonus dollars in front of their customers and tying them to store credit cards, according to Mary Delk, director in the retail practice of the consultancy Deloitte LLP in Charlotte, North Carolina.
*Nestle announces voluntary recall; affects frozen Buitoni Spinach&. Portobello Mushroom All Natural Ravioli; due to mislabeling and undeclared. *Nestle prepared foods co-initiating voluntary recall of 323 cases of Buitoni.
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NEW YORK-- Summary of revenue at stores open at least a year in September for discount chains, with percentage increase or decrease over the same month last year. These figures are a key indicator of a retailer's health because they exclude revenue at newly opened stores. Costco Wholesale Corp. 6 pct.
Higher-end retailers like Bloomingdale's, Saks Fifth Avenue and Nordstrom are also dangling bonus dollars in front of their customers and tying them to store credit cards, says Mary Delk, director in the retail practice of the consultancy Deloitte LLP in Charlotte, North Carolina.
NEW YORK-- SEPTEMBER SALES: A tally of 22 major retailers, including Target Corp. and Macy's Inc., showed that September sales rose 3.9 percent compared with a year ago. That's slower than the 6 percent rise in August. BEHIND THE NUMBERS: But shoppers are still spending.