Consumers slacked off on the final holiday shopping days, suggesting traditional retailers will just meet sales forecasts amid deep discounts.» Read More
CHICAGO, Dec 24- U.S. consumers have not turned out in force for the final shopping days before Christmas, suggesting that traditional retailers will just meet industry sales forecasts in a season marked by deep discounts and growing encroachment from online rivals led by Amazon.com Inc.. "The past weekend will not save this holiday season," said Craig Johnson,...
As anyone who's received a drugstore cologne gift set well knows, even Santa Claus gets it wrong sometimes. Hence the throng of customers who flock to shopping malls soon after the holidays to exchange or return less-than-ideal presents. A recent National Retail Federation survey of 60 merchant loss-prevention executives estimated that fraud related to...
Costco Wholesale Corp. fell$. 08 or. 1 percent, to $144.07. Target fell$. 08 or. 1 percent, to $74.61. Wal-Mart Stores Inc. rose$. 27 or. 3 percent, to $86.93.
NEW YORK— Starting Christmas Day, Wal-Mart is letting customers exchange gift cards from more than 200 retailers, airlines and restaurants for a Wal-Mart card. It's a test program, but if it's successful, Wal-Mart Stores Inc. said the card swap could become a permanent service. Wal-Mart spokesman Ravi Jariwala said the chain doesn't have specific metrics to...
Minimum wage hikes across the US will prompt Wal-Mart Stores to adjust base salaries at 1,434 stores, impacting about a third of its U.S. locations.
Costco Wholesale Corp. rose$. 94 or. 7 percent, to $144.15. Target rose$. 19 or. 3 percent, to $74.69. Wal-Mart Stores Inc. rose$. 28 or. 3 percent, to $86.66.
NEW YORK— Shares of some top big-box retail companies are up at 1 p.m.:. Costco Wholesale Corp. rose $1.68 or 1.2 percent, to $144.89. Wal-Mart Stores Inc. rose$. 67 or. 8 percent, to $87.05.
Barnes& Noble said Tuesday it bought Pearson Inc.' s stake in Nook for about $27.7 million in cash and stock. Barnes& Noble paid Pearson $13.8 million in cash and about 603,000 shares of its own stock, which closed at $23.12 on Monday. Earlier this month Barnes& Noble agreed to buy back Microsoft Corp.' s stake in Nook for $125 million.
They were sold for about $100 online and at retailers across the country, including Kmart, Kohl's, Target and Walmart. The brewers are made by Keurig Green Mountain Inc., based in Waterbury, Vermont. The company's shares fell $3.08, or 2.2 percent, to $136.70 in afternoon trading Tuesday.
Wang Jianlin built Dalian Wanda with a mix of political instincts and discipline, navigating the country's government-led business environment.
Costco Wholesale Corp. rose $1.44 or 1.0 percent, to $143.21. Target rose$. 55 or. 7 percent, to $74.50. Wal-Mart Stores Inc. rose $1.22 or 1.4 percent, to $86.38.
In 1988, Wang left the army and borrowed 1 million yuan to start a real estate company in Dalian, northeast China. He attracted global firms such as Wal-Mart Stores Inc and Macquarie Group as partners. Now the company that pioneered mixed-use commercial developments in China is making its market debut on Tuesday in Hong Kong's biggest stock listing since 2010,...
Those are some of the top business stories of 2014, as chosen by business editors at The Associated Press. Others include massive product disasters: A string of auto recalls after faulty ignition switches from General Motors Corp. and air bags in many car models caused injuries and deaths. Janet Yellen became the first woman to head the Federal Reserve and U.S....
NEW YORK— Shares of some top big-box retail companies are up at 1 p.m.:. Costco Wholesale Corp. rose $1.34 or. 9 percent, to $143.11. Wal-Mart Stores Inc. rose$. 78 or. 9 percent, to $85.94.
ATLANTA— As the holiday shopping season winds down, FedEx, UPS and online retailers are using the last few days to try to avoid the problems that occurred last year when severe winter weather and a surge in late orders from shoppers caused delivery delays. FedEx predicted its busiest day would be a week earlier, on Dec. 15, when it expected to move 22.6 million...
Delivery companies, as well as USPS, brace themselves for last-minute shipping orders as the Holiday season reaches peak. The NYT reports.
NEW YORK— Shares of some top big-box retail companies are up at 10 a.m.:. Costco Wholesale Corp. rose$. 44 or. 3 percent, to $142.21. Wal-Mart Stores Inc. rose$. 81 or 1.0 percent, to $85.97.
Experts reveal which sectors in Africa are poised to make headway, and how investors are tapping in.
Headphone-maker Skullcandy has had a big year, and its CEO has a plan to keep the good times rolling through the holidays and beyond.
PORTLAND, Ore.— The clock is ticking, and your holiday shopping list isn't complete. The National Retail Federation found that only about half of shoppers had finished shopping as of Dec. 10. That opens up lots of strategies for shopping that will keep you out of the crazy lines in stores at noon on Christmas Eve.