Sandeep Mathrani, the chief executive of Chicago- based General Growth Properties Inc, which owns and leases retail mall properties, said on his company's earnings call with analysts on Tuesday that Amazon had plans to open "300 to 400 bookstores." Amazon opened a bookstore in its home city of Seattle in November. Amazon's bookstore in Seattle carries books...» Read More
A class-action lawsuit claims the use of the popular lip balm causes blisters and rashes.
American Girl is slated to release a new accessory in 2016: a diabetic care kit that includes a blood sugar monitor, insulin pump and lancet.
CHICAGO/ NEW YORK, Dec 24- Retailers are struggling to meet even modest forecasts for the holiday shopping season this year after the "Super Saturday" before Christmas failed to live up to its nickname, industry research groups said. This year Super Saturday weekend sales in stores and online rose 4 percent to $55 billion, after a 2.5 percent gain last year,...
The company is seeing a huge demand in tech stock
DUBAI, Dec 22- Saudi Arabia- based retail chain Jarir Bookstore has removed books written by U.S. presidential candidate Donald Trump from its shelves, it said on Tuesday, part of a backlash against his proposal to stop Muslims from entering the United States. "Jarir Bookstore sells books by Donald Trump, who is known for making comments offensive to Muslims and...
The average engagement ring cost a little under $6,000, and more couples are opting for customization. The Knot on engagement trends.
Nov 20- Footwear retailer Foot Locker Inc reported better-than-expected quarterly profit and sales, helped by strong demand for basketball and running shoes. Foot Locker is one of the biggest footwear retailers in the U.S and its performance is an indicator of demand for Nike Inc and Under Armour Inc products. Foot Locker's net income fell to $80 million, or 57...
Nov 20- Footwear retailer Foot Locker Inc reported a 3.6 percent rise in quarterly sales, helped by strong demand for its new basketball and running shoes. The company's net income fell to $80 million, or 57 cents per share, in the third quarter ended Oct. 31 from $120 million, or 82 cents per share, a year earlier. Revenue rose to $1.79 billion from $1.73 billion.
Charlie O'Shea, a vice president at Moody's Investors Service, follows Wal-Mart Stores Inc, Target Corp, Kohls Corp, Toys R Us Inc and Best Buy Co Inc- some of the biggest forces during the holiday shopping season. Also, some of the specialty retailers are pulling back on Thanksgiving Weekend store hours, which makes sense as our view is, this is more of a...
Private equity giant Bain Capital has turned its sights on Asia, leveraging its experience in consumer and payment businesses.
Terrified, and satisfied, customers at Halloween Horror Nights in Singapore are the result of up to a year of hard work.
Oct 29- Chinese footwear retailer C.banner International Holdings said on Thursday it would buy iconic British toy store chain Hamleys for 100 million pounds in cash. Hamleys, most famous for its 134- year-old flagship store on Regent Street in London, offers quintessentially British toys such as Beefeater Bear dolls and miniature London taxi cabs.
Oct 26- Japanese tire maker Bridgestone Corp said it would buy auto parts retailer Pep Boys-Manny, Moe& Jack for $835 million in cash to expand its presence in the United States. The $15- per-share deal represents a premium of 23.5 percent to Pep Boys' Friday closing price of $12.15. The deal would expand Bridgestone Retail Operations LLC's network by more than 35...
Oct 22- Sports footwear retailer Skechers USA Inc reported lower-than-expected rise in quarterly comparable sales and revenue, sending its shares down 35 percent after market. Revenue rose 27 percent to $856.2 million in the third quarter ended Sept. 30, but missed the average analyst estimate of $876.5 million, according to Thomson Reuters I/B/E/S.
CHICAGO, Oct 16- U.S. holiday sales are expected to rise a modest 2.8 percent in 2015, as a sluggish economic recovery is likely to weigh on consumer spending, analytics firm RetailNext said on Friday. The company, which tracks large U.S. retailers and specialty stores, also expects foot traffic to drop 8.1 percent during November and December from a year ago.
CNBC returns to visit a California organic farmer whose dream to grow special pumpkins is bearing fruit, and weirdness.
Japan's retail sector outperformed after fresh data showed Japan's household spending rose in August for the first time in three months and that job availability improved to its best in more than two decades. ABC Mart shares climbed 2.8 percent after the Nikkei business daily reported the shoe retailer likely booked a record first-half operating profit of...
Health care is often at the top of the list of industries seen benefiting from Americans living longer, but there are other options.
Mike Khouw outlines a bearish bet in the options market by which one trader spent $2 million that Gap would fall near a 52-week low in a month.
Alex Craig is auctioning off Potato Parcel, a website that ships potatoes around the country.