It's logical for retailers to extend their search outside of the retail industry, so long as they come from a business that's' "wired to consumers."» Read More
Costco Wholesale Corp. fell$. 64 or. 5 percent, to $117.54. Target fell $1.79 or 2.9 percent, to $59.59. Wal-Mart Stores Inc. fell $1.20 or 1.6 percent, to $73.58.
NEW YORK— Small-cap stocks are getting the cold shoulder, unless they come with a nice accent. But investors continue to buy stocks of smaller companies based in Italy, South Korea and elsewhere outside the United States.
*Target appoints Pepsi executive Brian Cornell as CEO. July 31- Beleaguered retailer Target Corp named former PepsiCo and Wal-Mart executive Brian Cornell as CEO and chairman as it tries to regain customer confidence following a devastating data breach last year that hit earnings. Cornell, the first outsider to lead Target, has his work cut out.
*Shares touch low of $22.60, below IPO price of $23. July 31- General Electric Co's credit card unit, Synchrony Financial, made a muted debut on the New York Stock Exchange on Thursday as investors remained ambivalent about the chances of a consumer-led U.S. economic recovery.
Enacted by the Oklahoma Legislature in 2007, the event is similar to sales tax holidays in 16 other states including Arkansas, Missouri and Texas, according to the Federation of Tax Administrators in Washington, D.C. And the Oklahoma Tax Commission reports that it saves Oklahoma shoppers millions of dollars in sales taxes each year.
NEW YORK— Shares of Synchrony Financial barely moved Thursday in their debut on the New York Stock Exchange, but that's a better outcome than the broader markets which plunged. Synchrony provides store credit cards for retailers, such as Wal-Mart, J.C. Penney and Amazon.com.
*Shares touch a high of $24, above IPO price $23. July 31- General Electric Co's credit card unit, Synchrony Financial, made a muted debut on the New York Stock Exchange on Thursday as investors remained ambivalent about the chances of a consumer-led U.S. economic recovery.
The Minneapolis- based company said Thursday that it named PepsiCo executive Brian Cornell to the top spot, replacing Chief Financial Officer John Mulligan, who had been keeping the seat warm since May. "Outside perspective is what Target needs, in our view, given the need to rebuild trust," said Greg Melich, head of consumer research at ISI Group.
PARIS, July 31- Carrefour, the world's second-largest retailer which reported higher first-half profits on Thursday, said it will slow down investment in Argentina in response to the country's second debt default in 13 years. "Argentina weighs on the stock although the group's exposure to the country is limited," said a Paris- based trader.
From your social media posts to your locale, retailers use data to better target consumers. But at what point is it just plain creepy?
Bricks-and-mortar locations need to undergo a complete makeover to stay relevant 25 years down the line, experts said.
*Carrefour profits rise in France, Brazil, Argentina. BERLIN/ PARIS, July 31- Two of Europe's top retailers, France's Carrefour and Germany's Metro, are making progress in their quests to revive performance in their home markets, with Metro rewarding its chief executive with a contract extension.
PARIS, July 31- Carrefour, the world's second-largest retailer, reported higher first-half profitability in its core French business and in Brazil and Argentina, while China stayed under pressure.
July 31- Target Corp is hiring PepsiCo Inc executive Brian Cornell as its new chief executive, the Wall Street Journal reported. Cornell, who has spent nearly a decade at PepsiCo, was a contender to succeed PepsiCo CEO Indra Nooyi, the Journal said.
July 30- General Electric Co's credit card unit, Synchrony Financial, raised $2.88 billion in the biggest initial public offering so far this year, the company said on Wednesday.
Costco Wholesale Corp. fell$. 72 or. 6 percent, to $118.18. Target rose$. 28 or. 5 percent, to $61.38. Wal-Mart Stores Inc. fell$. 66 or. 9 percent, to $74.78.
NEW YORK— Whole Foods is getting ready to launch its first national marketing campaign and expand home delivery as it looks to fend off bigger players muscling into the organic and natural foods category.
Whole Foods Market reported quarterly earnings that beat analysts' expectations on Wednesday, but revenue trailed.
*Keeps full-year adj profit forecast of $7- $7.25/ share. July 30- Energizer Holdings Inc said it intends to spin off by next July its struggling household products business, which includes Energizer and Eveready batteries.
NEW YORK— Shares of some top big-box retail companies are mixed at 1 p.m.:. Costco Wholesale Corp. fell$. 65 or. 5 percent, to $118.25. Wal-Mart Stores Inc. fell$. 52 or. 7 percent, to $74.92.