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U.S. home prices for May rise slower than expected
News 21 hours ago
U.S. home prices for May rise slower than expected

NEW YORK (Reuters)- U.S. single-family home prices accelerated at a slower pace in April, falling short of forecasts, a survey showed on Tuesday....

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U.S. home sales stumble as prices hit record high
News 1 day ago
U.S. home sales stumble as prices hit record high

WASHINGTON (Reuters)- U.S. home resales fell more than expected in June as a dearth of properties amid strong demand pushed prices to a record high...

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Wanted: Housewives to beat staff crunch at Japan's FamilyMart
News 4 days ago
Wanted: Housewives to beat staff crunch at Japan's FamilyMart

TOKYO (Reuters)- Japan's second-largest convenience store chain hopes it has found an answer to its labor problems- housewives. FamilyMart plans to...

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Dalian Wanda to sell hotels to R&F, up price of tourism projects for Sunac
News 6 days ago
Dalian Wanda to sell hotels to R&F, up price of tourism projects for Sunac

BEIJING (Reuters)- Dalian Wanda Group will sell 77 hotels to developer R&F Properties (2777.HK) instead of to Sunac China (1918.HK), Sunac's...

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Abercrombie investor calls for buybacks after failed sale attempt
News 1 week ago
Abercrombie investor calls for buybacks after failed sale attempt

(Reuters)- An investor in Abercrombie & Fitch Co (ANF.N) on Tuesday called on the U.S. teen apparel retailer to buy back its stock, following the...

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New life in U.S. housing market not evident in big bank results
News 1 week ago
New life in U.S. housing market not evident in big bank results

(Reuters)- The U.S. housing sector has seen prices, sales and financing applications soar lately as more buyers entered the market for the first...

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Didn't pay your Macy's bill? Expect a text from Citigroup
News 1 week ago
Didn't pay your Macy's bill? Expect a text from Citigroup

NEW YORK (Reuters)- When consumers have trouble making ends meet, bills from retailers that have gone bankrupt or closed tend to go toward the...

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Housing stocks may not be on terra firma
News 1 week ago
Housing stocks may not be on terra firma

(Reuters)- Investors may have overbuilt U.S. housing stocks as data has yet to match up with the homebuilder sector's biggest rally in five years....

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U.S. lawmaker calls for hearing on Amazon's Whole Foods deal
News 1 week ago
U.S. lawmaker calls for hearing on Amazon's Whole Foods deal

WASHINGTON/NEW YORK (Reuters)- The top Democrat on the U.S. House of Representatives' antitrust subcommittee has voiced concerns about Amazon.com...

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Kushners seek new plan for flagship NY office after failed Qatar deal
News 2 weeks ago
Kushners seek new plan for flagship NY office after failed Qatar deal

NEW YORK (Reuters)- Kushner Cos, the realty company once headed by President Donald Trump's son-in-law, said on Tuesday it is reassessing how to...

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Fashion M&A, like a crop top, is hard to pull off
News 2 weeks ago
Fashion M&A, like a crop top, is hard to pull off

(This version of the story was refiled to fix typo in paragraph 13) By Lauren Hirsch NEW YORK (Reuters)- Mergers and acquisitions for fashion...

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Sears to close 43 more stores to cut costs
News 2 weeks ago
Sears to close 43 more stores to cut costs

CHICAGO (Reuters)- Sears Holdings Corp (SHLD.O) is closing eight of its namesake department stores and 35 Kmart locations to cut costs and square...

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Starbucks service hurt by understaffing: Coworker.org survey
News 2 weeks ago
Starbucks service hurt by understaffing: Coworker.org survey

(Reuters)- A Starbucks Corp (SBUX.O) initiative designed to improve speed and customer service has not fixed staffing shortages, according to an...

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Nike-Amazon deal may hurt sporting goods retailers: analysts
News 3 weeks ago
Nike-Amazon deal may hurt sporting goods retailers: analysts

(Reuters)- Nike's pilot program to sell certain products on Amazon and Instagram is a precursor to it forging a deeper relationship with online...

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U.S. fund managers seek consumer stocks that Amazon can't conquer
News 3 weeks ago
U.S. fund managers seek consumer stocks that Amazon can't conquer

NEW YORK (Reuters)- Amazon.com Inc's (AMZN.O) game-changing move to upend the grocery business with a surprise deal to buy Whole Foods Market Inc ...

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Walgreens scraps Rite Aid merger, will instead buy half its stores
News 3 weeks ago
Walgreens scraps Rite Aid merger, will instead buy half its stores

(Reuters)- Drugstore chain Walgreens Boots Alliance Inc (WBA.O) scrapped its deal to buy Rite Aid Corp (RAD.N) after failing to win antitrust...

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Even with Whole Foods, Amazon would need many more warehouses to reshape grocery delivery
News 1 month ago
Even with Whole Foods, Amazon would need many more warehouses to reshape grocery delivery

(Reuters)- If Amazon.com Inc (AMZN.O) hopes to revolutionize grocery delivery, then its bid to buy Whole Foods Market Inc (WFM.O) for $13.7 billion...

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Exclusive: Eddie Bauer to explore options including sale- sources
News 1 month ago
Exclusive: Eddie Bauer to explore options including sale- sources

(Reuters)- Debt-laden U.S. outerwear and outdoor gear retailer Eddie Bauer LLC has hired investment banks to explore strategic alternatives,...

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U.S. new home sales jump, median price surges to record high
News 1 month ago
U.S. new home sales jump, median price surges to record high

WASHINGTON (Reuters)- New U.S. single-family home sales rose in May and the median sales price surged to an all-time high, suggesting the housing...

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Exclusive: Sycamore Partners close to deal to acquire Staples- sources
News 1 month ago
Exclusive: Sycamore Partners close to deal to acquire Staples- sources

(Reuters)- Private equity firm Sycamore Partners is in advanced talks to acquire Staples Inc (SPLS.O) following an auction for the U.S. office...

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U.S. existing home sales unexpectedly rise in May
News 1 month ago
U.S. existing home sales unexpectedly rise in May

WASHINGTON (Reuters)- U.S. home resales unexpectedly rose in May to the third highest monthly level in a decade and a chronic inventory shortage...

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Will McDonald's customers wait for the new Quarter Pounder?
News 1 month ago
Will McDonald's customers wait for the new Quarter Pounder?

LOS ANGELES/DALLAS (Reuters)- Tracy Moore grew impatient as she waited for a Quarter Pounder recently in the parking lot of a McDonald's restaurant...

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With Whole Foods, Amazon on collision course with Wal-Mart
News 1 month ago
With Whole Foods, Amazon on collision course with Wal-Mart

CHICAGO/SAN FRANCISCO (Reuters)- When Wal-Mart Stores Inc bought online retailer Jet.com for $3 billion last year, it marked a crucial moment- the...

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Toronto's Trump tower could get new name: sources
News 1 month ago
Toronto's Trump tower could get new name: sources

TORONTO/MONTREAL (Reuters)- Marriott International Inc's St. Regis brand is the lead bidder to take over the brand and management rights of a...

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U.S. housing starts hit eight-month low; building permits weak
News 1 month ago
U.S. housing starts hit eight-month low; building permits weak

WASHINGTON (Reuters)- U.S. homebuilding fell for a third straight month in May to the lowest level in eight months as construction activity...

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Wal-Mart may beat Amazon's sales growth in back-to-school season: NPD
News 1 month ago
Wal-Mart may beat Amazon's sales growth in back-to-school season: NPD

(Reuters)- Wal-Mart Stores Inc's online sales is likely to grow double than Amazon.com Inc during the back-to-school season, helped by the Jet.com...

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Aldi fires $3.4 billion shot in U.S. supermarket wars
News 1 month ago
Aldi fires $3.4 billion shot in U.S. supermarket wars

CHICAGO (Reuters)- German grocery chain Aldi Inc [ALDIEI.UL] said on Sunday it would invest $3.4 billion to expand its U.S. store base to 2,500 by...

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Exclusive: Nordstrom family launches search for buyout partner- sources
News 1 month ago
Exclusive: Nordstrom family launches search for buyout partner- sources

(Reuters)- A group of Nordstrom Inc family members is talking to buyout firms about raising $1 billion to $2 billion in equity to fund a potential...

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Forestar says D.R. Horton's offer could be superior to Starwood bid
News 1 month ago
Forestar says D.R. Horton's offer could be superior to Starwood bid

(Reuters)- Forestar Group Inc (FOR.N) said on Thursday that U.S. homebuilder D.R. Horton Inc's (DHI.N) offer to buy a majority stake in the real...

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IKEA to try selling through third parties
News 1 month ago
IKEA to try selling through third parties

STOCKHOLM (Reuters)- IKEA plans to test selling its products on websites other than its own, the head of brand and strategy owner Inter IKEA Group...

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