British supermarket giant Tesco reported a dip in group sales compared to last year, highlighting the challenges it faces in the U.K. and Europe.» Read More
NEW YORK— Shares of some top big-box retail companies are up at 10 a.m.:. Costco Wholesale Corp. rose$. 69 or. 6 percent, to $112.75. Wal-Mart Stores Inc. rose$. 44 or. 6 percent, to $77.32.
April 16- Canadian grocer Metro Inc posted a higher-than-expected quarterly profit as a reorganization of its Ontario operations boosted sales and the company raised its dividend.
LONDON, April 16- Tesco, Britain's biggest retailer, said it would slash millions of pounds off prices to win back customers as a second year of falling profit stepped up pressure on chief executive Philip Clarke to quit. Tesco has suffered in recent years from failed attempts to break into the United States and Japan and a costly expansion in China.
LONDON, April 16- Britain's biggest retailer Tesco said it saw no let up in sight as it posted a 6 percent fall in annual profit, its second straight year of decline, piling pressure on Chief Executive Phil Clarke.
MINNEAPOLIS— Best Buy's president of U.S. retail stores is leaving the company and his duties will be taken over by the electronics retailer's human resources officer. Best Buy confirmed the change, first reported in the Minneapolis Star Tribune.
Costco Wholesale Corp. rose$. 48 or. 4 percent, to $112.56. Target rose$. 52 or. 9 percent, to $59.42. Wal-Mart Stores Inc. rose$. 88 or 1.2 percent, to $77.38.
WASHINGTON— U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products. The 1.1 percent jump reported by the Commerce Department on Monday was the best showing since September 2012. WASHINGTON— The calendar shows April 15, and you haven't even started on your federal tax return?
SAN FRANCISCO— Levi Strauss& Co. has hired a Wal-Mart executive to head up its e-commerce business. The privately held San Francisco clothing company said Monday that Marc Rosen will join Levi in May as executive vice president and president of global e-commerce. Rosen worked most recently as senior vice president of global e-commerce at Wal-Mart Stores Inc..
NEW YORK— Shares of some top big-box retail companies are up at 1 p.m.:. Costco Wholesale Corp. rose$. 65 or. 6 percent, to $112.73. Wal-Mart Stores Inc. rose $1.03 or 1.3 percent, to $77.53.
Janet Yellen believes rising inflation will lead to lower unemployment. But what we've learned over past decades is the reverse: Lower inflation leads to lower unemployment.
After being fined more than $9.8 billion in the last three years, Wal-Mart is speaking out against the Chinese government, according to a report.
NEW YORK— Shares of some top big-box retail companies are up at 10 a.m.:. Costco Wholesale Corp. rose$. 05 or percent, to $112.13. Wal-Mart Stores Inc. rose$. 64 or. 8 percent, to $77.14.
The 1.1 percent jump reported by the Commerce Department on Monday was the best showing since September 2012.
*Less money for safety work demanded after Rana Plaza. DHAKA, April 14- Bangladesh garment factory owners say they are soaking up much of the cost of nearly doubling wages as some global retailers balk at price hikes, leaving less money for safety improvements urged by apparel chains after last year's Rana Plaza disaster.
China wants to wean itself off its dependence on energy imports, but drilling for shale comes with risks attached, the New York Times reports.
Costco Wholesale Corp. unchanged at $112.08. Target fell$. 77 or 1.3 percent, to $58.90. Wal-Mart Stores Inc. fell$. 39 or. 5 percent, to $76.50.
WILMINGTON, Del.— A federal judge in Delaware refused on Friday to issue an injunction prohibiting Wal-Mart from sending its annual proxy statement to shareholders because it doesn't include a Manhattan church parish's proposal for a shareholder vote involving gun sales.
NEW YORK— Shares of some top big-box retail companies are down at 1 p.m.:. Costco Wholesale Corp. fell$. 07 or. 1 percent, to $112.01. Wal-Mart Stores Inc. fell$. 45 or. 6 percent, to $76.44.
April 10- Family Dollar Stores Inc, seeking to reverse declining sales and profit, said on Thursday it is slashing prices to win shoppers, cutting jobs, and shutting hundreds of stores. Family Dollar Chief Executive Howard Levine, on a call with investors, pointed to "a more financially constrained consumer," echoing recent comments from rivals.
CHAMPAIGN, Ill.— The U.S. subsidiary of Swedish furniture retailer IKEA announced Thursday that it is buying a long-planned wind-energy project in eastern Illinois as part of the company's initiative to offset its energy use with renewable energy generation.