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J.C. Penney CEO Ellison jumps ship to Lowe's; shares sink
News 1 day ago
J.C. Penney CEO Ellison jumps ship to Lowe's; shares sink

(Reuters)- J.C. Penney's Chief Executive Officer Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe's Cos Inc,...

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J.C. Penney CEO Ellison jumps ship to Lowe's
News 1 day ago
J.C. Penney CEO Ellison jumps ship to Lowe's

(Reuters)- J.C. Penney's Chief Executive Officer Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe's Cos Inc,...

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Wall St. gains on Macy's boost, Russell 2000 hits record
News 1 week ago
Wall St. gains on Macy's boost, Russell 2000 hits record

(Reuters)- Wall Street rose on Wednesday, with the small cap Russell 2000 index hitting a record, as Macy's strong results lit up the retail sector...

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Amazon to open checkout-free stores in Chicago and San Francisco
News 1 week ago
Amazon to open checkout-free stores in Chicago and San Francisco

(Reuters)- Amazon.com Inc is bringing its grocery store without checkout lines to Chicago and San Francisco, the company said in a statement this...

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Silver Lake to buy property websites Zoopla, PrimeLocation for $3 billion
News 1 week ago
Silver Lake to buy property websites Zoopla, PrimeLocation for $3 billion

(Reuters)- U.S.-based private equity firm Silver Lake Management Company has agreed to acquire ZPG plc, the owner of British property websites...

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Amazon to let customers install tires at Sears stores
News 2 weeks ago
Amazon to let customers install tires at Sears stores

(Reuters)- Amazon.com struck a deal with Sears Holdings Corp to provide tire services, boosting traffic at the ailing department store and...

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Exclusive: Hudson's Bay seeks to revive Lord & Taylor's fortunes
News 2 weeks ago
Exclusive: Hudson's Bay seeks to revive Lord & Taylor's fortunes

(Reuters)- Hudson's Bay Co is working with investment bankers and consultants to identify deals and new measures to turn around its Lord & Taylor...

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Investor Carl Icahn sells stake in AIG: sources
News 2 weeks ago
Investor Carl Icahn sells stake in AIG: sources

(Reuters)- Billionaire investor Carl Icahn has sold his stake in American International Group Inc, ending a more than two-year association with one...

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Blackstone to buy Gramercy Property in $7.6 billion deal
News 2 weeks ago
Blackstone to buy Gramercy Property in $7.6 billion deal

(Reuters)- Blackstone Group LP said on Monday it would buy Gramercy Property Trust, which is an asset manager of commercial real estate, in a deal...

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House of Fraser shareholder Sports Direct sues over business plan
News 2 weeks ago
House of Fraser shareholder Sports Direct sues over business plan

LONDON (Reuters)- A minority shareholder of Britain's House of Fraser, Sports Direct, is suing the department store chain to gain access to its...

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Clayton Homes mimics Buffett approach as it grows
News 2 weeks ago
Clayton Homes mimics Buffett approach as it grows

OMAHA, Neb. (Reuters)- Warren Buffett's manufactured housing unit Clayton Homes is borrowing the playbook of Berkshire Hathaway Inc's longtime...

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Ultimate frontier market? Amid thaw, Chinese eye North Korea real estate
News 3 weeks ago
Ultimate frontier market? Amid thaw, Chinese eye North Korea real estate

BEIJING (Reuters)- Chinese property speculators are starting to bet on a rapid improvement in relations between North Korea and the rest of the...

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Outrage breaks out after Whole Foods partners with Yellow Fever eatery
News 3 weeks ago
Outrage breaks out after Whole Foods partners with Yellow Fever eatery

LOS ANGELES (Reuters)- Amazon.com's Whole Foods Market sparked social media outrage after its newest store in its 365 grocery chain partnered with...

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Starbucks' promotions struggle to attract U.S. customers, shares slip
News 3 weeks ago
Starbucks' promotions struggle to attract U.S. customers, shares slip

LOS ANGELES (Reuters)- Starbucks Corp on Thursday reported stagnant store traffic at established U.S. cafes for the second quarter in a row,...

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Qualcomm cutting 1,500 jobs at its California offices
News 1 month ago
Qualcomm cutting 1,500 jobs at its California offices

(Reuters)- Chipmaker Qualcomm Inc is cutting 1,500 jobs across multiple divisions at its offices in California, as part of its promise to investors...

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VW's Electrify America to install EV chargers at Walmart stores
News 1 month ago
VW's Electrify America to install EV chargers at Walmart stores

DETROIT (Reuters)- Volkswagen AG unit Electrify America will install electric vehicle charging stations at more than 100 Walmart Inc store...

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Starbucks to close 8,000 U.S. stores for one afternoon for racial-bias training
News 1 month ago
Starbucks to close 8,000 U.S. stores for one afternoon for racial-bias training

(Reuters)- Starbucks Corp will close 8,000 company-owned U.S. cafes for the afternoon on May 29 so 175,000 employees can undergo racial tolerance...

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Chinese real estate firms boost apartment rentals in line with Xi demands
News 1 month ago
Chinese real estate firms boost apartment rentals in line with Xi demands

HONG KONG (Reuters)- Major Chinese real estate companies are renting more of the apartments they develop as they respond to President Xi Jinping's...

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Hudson's Bay shares drop after security breach at Saks, Lord & Taylor stores
News 1 month ago
Hudson's Bay shares drop after security breach at Saks, Lord & Taylor stores

TORONTO (Reuters)- Hudson's Bay shares dropped on Monday after the Canadian department store operator reported security breaches at some of its...

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Short visits rise at Whole Foods stores with Amazon lockers
News 1 month ago
Short visits rise at Whole Foods stores with Amazon lockers

LOS ANGELES (Reuters)- Shoppers are making more quick trips to Whole Foods stores that have installed Amazon.com lockers, giving the natural and...

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Mexico's Chedraui buys Fiesta Mart to grow U.S. Latino sales
News 1 month ago
Mexico's Chedraui buys Fiesta Mart to grow U.S. Latino sales

MEXICO CITY (Reuters)- Mexican grocer Chedraui, a powerhouse in the fast-growing Latino market in the United States, said on Sunday it had bought...

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Mexico's Chedraui reaches deal to buy Fiesta Mart stores in Texas
News 1 month ago
Mexico's Chedraui reaches deal to buy Fiesta Mart stores in Texas

MEXICO CITY (Reuters)- Mexican retailer Grupo Comercial Chedraui has reached a deal with ACON Investments to acquire Texas-based grocery store...

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Blackstone's Indiabulls deal includes two Mumbai office properties: sources
News 2 months ago
Blackstone's Indiabulls deal includes two Mumbai office properties: sources

MUMBAI (Reuters)- Blackstone Group is buying stakes in two major office properties in central Mumbai as part of a deal with Indiabulls Real Estate,...

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Toys 'R' Us stores may be closing, but name will live on
News 2 months ago
Toys 'R' Us stores may be closing, but name will live on

WILMINGTON, Del (Reuters)- Barring a last-minute buyer, Toys 'R' Us will soon disappear from U.S. shopping centers, but the name and its iconic...

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How China's ride-hailing giant Didi plans to challenge Uber in Mexico
News 2 months ago
How China's ride-hailing giant Didi plans to challenge Uber in Mexico

MEXICO CITY/SAN FRANCISCO (Reuters)- Working quietly from a shared office space in one of Mexico City's trendiest neighborhoods, China's ride...

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Cracking the co-working code in commercial real estate
News 2 months ago
Cracking the co-working code in commercial real estate

NEW YORK (Reuters)- Real estate brokers scoff that just a fraction of U.S. office space is occupied by co-working and other flexible workspace...

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Amazon tracks repeat shoppers for line-free Seattle store- and there are many
News 2 months ago
Amazon tracks repeat shoppers for line-free Seattle store- and there are many

LAS VEGAS (Reuters)- Amazon.com Inc is tracking how regularly customers shop at its store without checkout lines in Seattle- and so far, the...

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U.S. housing starts fall on weak multi-family segment
News 2 months ago
U.S. housing starts fall on weak multi-family segment

WASHINGTON (Reuters)- U.S. homebuilding fell more than expected in February as a plunge in the construction of multi-family housing units offset a...

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Toys 'R' Us plans to close all U.S. stores; 33,000 jobs at risk: source
News 2 months ago
Toys 'R' Us plans to close all U.S. stores; 33,000 jobs at risk: source

(Reuters)- Bankrupt Toys 'R' Us Inc is preparing to sell or close all 885 stores in its U.S. chain, risking up to 33,000 jobs, after failing to...

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Best Buy CEO says turnaround done, room to compete with Amazon
News 2 months ago
Best Buy CEO says turnaround done, room to compete with Amazon

NEW YORK (Reuters)- Best Buy Co Inc (BBY.N) has completed a five-year turnaround and is ready to compete with market leader Amazon.com Inc (AMZN.O)...

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