While the Canadian discount sector is over-penetrated by American competitors, the luxury space still has room to grow.» Read More
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.
Wal-Mart said that U.S. sales have improved after bitter cold dented business.
BERLIN, March 10- Initial inspections of Bangladesh garment factories organised after the collapse of the Rana Plaza complex have found safety problems including overloaded ceilings, exposed cables and locked fire escapes, an industry-backed group said on Monday.
CNBC’s Jim Cramer explains why some experts think 3-D printing stocks could fall further after an epic run last year.
Some of the names on the move ahead of the open.
Japan Inc. doubled profits last year, much of these gains were simply a reflection of dollars and euros translating into more yen. The FT reports.
Will forthcoming earnings and events confirm that the economy is, indeed, growing as the jobs report suggests?
Running a traditional US supermarket chain is an increasingly tough business, but companies such as Safeway still provide steady cash flows.
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.
The ratio of women to men in management-level positions has stagnated and, at the current rate, it will take 75 years for there to be equal numbers of men and women at the top level.
*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.
As shoppers continue to shift their spending to the Web, traditional retailers are missing out on the impulse buy.
Costco Wholesale's profit fell 15 percent, missing estimates, hurt by weaker gross margins in its fresh-food business and some non-foods merchandises.
March 6- Kroger Co, the biggest U.S. supermarket operator, forecast a higher-than-expected full-year profit as it benefits from the acquisition of southeast-focused grocer Harris Teeter.
Stocks are at new highs, but where are the bargains? Big financials are mounting an impressive rally.
March 6- Warehouse retailer Costco Wholesale Corp reported a bigger-than-expected 15 percent fall in profit as unusually deep discounting in the holiday shopping season hurt margins, sending its shares down about 3 percent in premarket trading.
Staples forecast a fall in quarterly sales and said it would close up to 225 stores in North America by 2015.
March 6- Staples Inc, the largest U.S. office supplies retailer, forecast a fall in current-quarter sales as it loses customers to mass market chains and e-retailers, and the company said it would close up to 225 stores in North America by 2015..
U.S.-listed fuel cell makers, already on a tear in recent months, have surged in value since Plug Power Inc announced a contract last week to supply Wal-Mart Stores Inc.
FuelCell Energy's shares surged 25 percent to a four-year high of $3.40 in early trading, with 58 million shares changing hands by 1055 ET, making them among biggest movers both in percentage and volume terms on the Nasdaq. The company's shares, along with those of Plug Power Inc and Ballard Power Systems Inc have been on a tear in recent months.