CarMax, the largest U.S. retailer of used cars, reported a 78 percent drop in quarterly profit and said economic uncertainty made it almost impossible to predict when the industry would recover.

Nearly six times as many U.S. shoppers say they will cut back on gift-buying this holiday season than those who plan to spend more, according to a Reuters/Zogby poll released Wednesday.

Consumer electronics retailer Best Buy reported a worse-than-expected 19 percent drop in second-quarter earnings as it spent more money to improve stores, sending its shares down 7 percent.

Attention Wall Street: Add the precipitous slowdown in consumer spending to the list of worries and reasons to think a recession is underway or imminent. 

Teens across the nation have spent their summer vacations battling high gas prices, competing for jobs in a weak part-time employment market, and making do with smaller contributions from cost-conscious parents, said Portfolio.com

The discount retailer on Monday announced the first price increase in its 26-year history, raising the cost of household items, food and other items by almost a penny.

The billion dollar business that is Fashion Week kicks off with its presentation of Spring 2009 lines.

To kick off New York Fashion Week, environmentally-conscious designers and the Sierra Club launched the Be EcoChic campaign with a runway show Thursday at the American Museum of Natural History.  The campaign seeks to make eco-friendly fashion more attainable and raise the demand for green products by influencing public opinion through fashion.

To kick off New York Fashion Week, environmentally-conscious designers and the Sierra Club launched the Be EcoChic campaign with a runway show Thursday at the American Museum of Natural History.  The campaign seeks to make eco-friendly fashion more attainable and raise the demand for green products by influencing public opinion through fashion.

As layoffs accelerate and job creation slows, it's no wonder that more Americans are worried about their job security.

Dell reported a profit that fell well short of consensus expectations, punishing the company's shares in late trading.

Computer maker Dell is scheduled to report its fiscal second-quarter results after the market closes Thursday. The following is a summary of key developments and analyst opinion about the period.

Gap announced Thursday that it has named Tom Wyatt, a 30-year retail veteran, as president of its struggling Old Navy chain.

Shares in IAC InterActive, run by media veteran Barry Diller, rose more than 9 percent Thursday after the company was divided into four publicly traded entities and IAC announced a one-for-two reverse stock split.