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Fairway planning to file for Chapter 7 bankruptcy, close all its stores: report
News 5 days ago
Fairway planning to file for Chapter 7 bankruptcy, close all its stores: report

New York City grocer Fairway Market is getting ready to shutdown. The chain is planning to file for a Chapter 7 bankruptcy, which means the grocery...

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Confident consumers lift US retail sales in December
News 1 week ago
Confident consumers lift US retail sales in December

WASHINGTON (AP) - U. S. retail sales rose at a solid pace last month, evidence that Americans were willing to spend during the winter holidays...

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Fannie Mae employee gets prison in property kickback scheme
News 1 week ago
Fannie Mae employee gets prison in property kickback scheme

SANTA ANA, Calif. (AP) - A former Fannie Mae employee was sentenced in Southern California to more than six years in prison for arranging...

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Starbucks aims for local economic boost with 'community store' plan
News 1 week ago
Starbucks aims for local economic boost with 'community store' plan

Starbucks is launching a major expansion of its community store initiative, adding dozens of new locations in economically distressed areas after...

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Online mattress retailer Casper Sleep files for U.S. IPO
News 2 weeks ago
Online mattress retailer Casper Sleep files for U.S. IPO

Casper Sleep Inc, the online mattress retailer whose investors include actor Leonardo DiCaprio and rapper 50 Cent, on Friday filed for an initial...

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Private equity's talent challenge: Keeping it out of the family
News 3 weeks ago
Private equity's talent challenge: Keeping it out of the family

The five executive headhunting firms with the biggest market share on Wall Street - Korn Ferry, Egon Zehnder, Russell Reynolds Associates, Odgers...

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Many happy returns
News 3 weeks ago
Many happy returns

It is National Returns Day. United Parcel Service expects to ship 1.9 million gifts and other items back to U. S. retailers on Thursday, according...

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Millennials exchanging, shopping boosts post-holiday sales numbers
News 1 month ago
Millennials exchanging, shopping boosts post-holiday sales numbers

Even after the holidays, retail sales are rising, and the consumer remains strong. According to the National Retail Federation (NRF), 68 percent of...

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Uniqlo shirt-folding robots could make Japanese factory fully automated
News 1 month ago
Uniqlo shirt-folding robots could make Japanese factory fully automated

Japanese clothing chain Uniqlo is reportedly making its way to becoming fully automated in Tokyo at its flagship warehouse as the country faces a...

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Champagne and shoes: Luxury stores adapt to changing shopper
News 1 month ago
Champagne and shoes: Luxury stores adapt to changing shopper

NEW YORK (AP) - To get that monogram tote bag by Louis Vuitton or leather Flashtrek sneakers by Gucci, the go-to place had been luxury department...

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Holiday gifting: Retailers with the best and worst return policies
News 1 month ago
Holiday gifting: Retailers with the best and worst return policies

'Tis the season of gift receipts. It happens every year and, in fact, a whopping 77 percent of consumers anticipate they'll have to make returns...

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Dollar stores creating food deserts in poor communities: Tulsa city councilor
News 1 month ago
Dollar stores creating food deserts in poor communities: Tulsa city councilor

Are dollar stores harmful to poor communities? Tulsa, Oklahoma, city councilor Vanessa Hall-Harper believes they are contributing to food deserts,...

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Geoff Shepard: Remembering Paul Volcker, former Fed chairman – A man I was privileged to work for
News 1 month ago
Geoff Shepard: Remembering Paul Volcker, former Fed chairman – A man I was privileged to work for

Paul Volcker, the legendary Federal Reserve Chairman who tamed rampant inflation in the 1970s, died one week ago at age 92. He was an intellectual...

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Private equity bets on health care real estate
News 1 month ago
Private equity bets on health care real estate

While private equity investors look for new ways to generate returns on their cash, one sector they appear to be turning their attention to is...

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Jobs surge boosts housing market
News 1 month ago
Jobs surge boosts housing market

Mortgage applications rose in the past week as the thriving job market is raising confidence and people are looking for homes. Demand for...

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Fannie, Freddie to rein in risky mortgages to prepare for possible economic downturn
News 1 month ago
Fannie, Freddie to rein in risky mortgages to prepare for possible economic downturn

The federal agency in charge of Fannie Mae and Freddie Mac wants the mortgage giants to reduce their exposure to risky loans, intended to make...

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Facebook eyes lease for iconic Manhattan landmark
News 1 month ago
Facebook eyes lease for iconic Manhattan landmark

Social media giant Facebook is reportedly eyeing office space within an iconic civic building sitting in Manhattan, potentially making it one of...

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US construction spending unexpectedly falls in October
News 1 month ago
US construction spending unexpectedly falls in October

WASHINGTON, Dec 2 (Reuters) - U. S. construction spending unexpectedly fell in October as investment in private projects tumbled to its lowest...

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Halliburton lays off 800 in Oklahoma, plant closure expected
News 1 month ago
Halliburton lays off 800 in Oklahoma, plant closure expected

EL RENO, Okla. - Halliburton is laying off more than 800 employees in El Reno, Oklahoma, and says it expects to close its office in the Oklahoma...

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How millennials, aging boomers are changing the mall scene
News 1 month ago
How millennials, aging boomers are changing the mall scene

As more shoppers flock online, malls are being forced to find new ways to appeal to consumers. While some are worried about the death of retail,...

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Walmart, Target winning as Kohl's, Macy's stumble
News 2 months ago
Walmart, Target winning as Kohl's, Macy's stumble

The U. S. retail divide is getting even wider as consumer's shift in tastes. The result is creating winners and losers across the retail landscape....

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JC Penney shrinks loss, shares spike
News 2 months ago
JC Penney shrinks loss, shares spike

J. C. Penney Co. lost less money in its third quarter than Wall Street feared, sending shares surging. The embattled retailer's net loss of $93...

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Nordstrom and Rent the Runway drive future of retail
News 2 months ago
Nordstrom and Rent the Runway drive future of retail

Clothing rental companies are shaping the future of retail at department stores. Nordstrom is expanding its partnership with Rent the Runway, the...

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Consumers are shopping for homes and buying them too
News 2 months ago
Consumers are shopping for homes and buying them too

Applications for mortgages and purchases were on the rise last week. Mortgage applications jumped by 9.6 percent from a week earlier, even as...

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Mall of America wants control of empty Sears store
News 2 months ago
Mall of America wants control of empty Sears store

The Mall of America has an empty three story space that it wants to use to generate more traffic. Financier Eddie Lampert is standing in the way....

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The top 25 retailers to work for in 2019
News 2 months ago
The top 25 retailers to work for in 2019

U. S. retail may be experiencing a surge in sales for the upcoming holiday season, but overall it appears that business is slowing down. Just last...

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High-end homebuyer activity is on the rise
News 2 months ago
High-end homebuyer activity is on the rise

Mortgage applications slipped slightly despite sliding mortgage rates. Demand for applications were down 0.1 percent, according to the Mortgage...

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J.C. Penney: The new place to play games, workout & hangout?
News 2 months ago
J.C. Penney: The new place to play games, workout & hangout?

Retailer J. C. Penney is testing out new concepts it could roll out to some of its locations as it seeks a way to return to profitability. The...

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Businessman submits competing Barneys bid
News 3 months ago
Businessman submits competing Barneys bid

An Israeli businessman has submitted an offer for iconic clothier Barneys New York Inc as the bankrupt retailer seeks to avoid liquidation, Reuters...

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Destination Maternity closing 183 stores following bankruptcy filing
News 3 months ago
Destination Maternity closing 183 stores following bankruptcy filing

Destination Maternity is shuttering 183 retail locations - nearly 20 percent of its North American brick-and-mortar presence - after filing for...

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