Best Buy's decision to close 50 of its U.S. stores and focus on its Geek Squad service company through 100 small mobile locations in fiscal 2013 is the latest example of how the "big box" is struggling against digital competition. Read More
Retail needs to adapt or die. That was the call to action sounded by Eddie Lampert, founder of ESL Partners, which controls about 60 percent of Sears Holdings, in an interview with CNBC Wednesday. In a rare media appearance, Lampert said the changes in the retail industry have been great for the consumer, but there is a question about whether it has been great for business. Read More
In its bid to shave costs, Sears is reported to be shopping its Land’s End brand, but there’s a catch, the retailer wants to still sell Land’s End items in its stores. Read More
Hedge funds took profits in large cap consumer discretionary stocks in the fourth quarter of 2011 and put more money to work in the tech sector, which has been the top performer so far this year. Read More
Good results or bad — It won’t be long before retailers have to rip off the monthly same-store sales Band-Aid when the report comes out Thursday. Read More
Gamestopshort-interest reached nearly 38 percent of its float, putting the retailer of video game products at the top of the most shorted stocks in the S&P 500 index. Read More