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Fed's Rosengren flags risks to economy in WeWork-style model
News 3 days ago
Fed's Rosengren flags risks to economy in WeWork-style model

"I am concerned that commercial real estate losses will be larger in the next downturn because of this growing feature of the real estate market,...

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Deutsche Bank appoints executive body to steer domestic retail business
News 4 days ago
Deutsche Bank appoints executive body to steer domestic retail business

FRANKFURT (Reuters) - Deutsche Bank (DBKGn. DE) has appointed a new executive committee to help to oversee its German retail business as part of...

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U.S. retail sales increase solidly in boost to economy
News 1 week ago
U.S. retail sales increase solidly in boost to economy

WASHINGTON (Reuters) - U. S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to...

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Solid U.S. retail sales ease economic growth concerns
News 1 week ago
Solid U.S. retail sales ease economic growth concerns

WASHINGTON (Reuters) - U. S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to...

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Solid U.S. retail sales calm some worries about economy
News 1 week ago
Solid U.S. retail sales calm some worries about economy

WASHINGTON (Reuters) - U. S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to...

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WeWork considers slashing IPO valuation amid pushback: sources
News 2 weeks ago
WeWork considers slashing IPO valuation amid pushback: sources

The We Company's deliberations illustrate how growing investor skepticism over the U. S. office space sharing start-up's lack of a roadmap to...

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Trump administration unveils Fannie, Freddie overhaul, urges Congress to act
News 2 weeks ago
Trump administration unveils Fannie, Freddie overhaul, urges Congress to act

WASHINGTON (Reuters) - The U. S. Treasury on Thursday said the government should draw up a plan to begin recapitalizing mortgage giants Fannie Mae...

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WeWork mulls slashing IPO valuation as skepticism rises over business model: sources
News 2 weeks ago
WeWork mulls slashing IPO valuation as skepticism rises over business model: sources

The We Company's deliberations illustrate how growing investor skepticism over the U. S. office space sharing startup's lack of a roadmap to...

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Walgreens changes firearm policy, joining Kroger and Walmart
News 2 weeks ago
Walgreens changes firearm policy, joining Kroger and Walmart

"We are joining other retailers in asking our customers to no longer openly carry firearms into our stores other than authorized law enforcement...

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Wall Street Weekahead: Retailers in spotlight as tariffs on consumer products kick in
News 3 weeks ago
Wall Street Weekahead: Retailers in spotlight as tariffs on consumer products kick in

SAN FRANCISCO (Reuters) - U. S. retailers will be front and center on Wall Street next week as the United States imposes new tariffs on $300...

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Hudson's Bay to sell Lord + Taylor for $100 million
News 3 weeks ago
Hudson's Bay to sell Lord + Taylor for $100 million

The retail company has been selling businesses and closing stores over the past few years to focus on luxury department store chain Saks Fifth...

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Crowds force Costco to shut maiden China store early on opening day
News 3 weeks ago
Crowds force Costco to shut maiden China store early on opening day

SHANGHAI (Reuters) - U. S. hypermarket chain Costco Wholesale Corp (COST.O) was forced to shut its first store in China early on its opening day on...

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Factbox: Walmart and Tesla fought in private long before solar lawsuit
News 1 month ago
Factbox: Walmart and Tesla fought in private long before solar lawsuit

Walmart hired SolarCity to install solar panel systems on at least 244 of its stores. Tesla bought SolarCity in 2016, and Walmart alleges that...

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As U.S. watchdog retreats, mortgage firms reprise cozy marketing arrangements
News 1 month ago
As U.S. watchdog retreats, mortgage firms reprise cozy marketing arrangements

WASHINGTON (Reuters) - U. S. mortgage firms are getting back into joint marketing and advertising arrangements, reviving a controversial practice...

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Resale clothing company thredUP gets $175 million in funding
News 1 month ago
Resale clothing company thredUP gets $175 million in funding

NEW YORK (Reuters) - Online resale store thredUP said on Wednesday it received $175 million in funding which it will use to expand its platform to...

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Target shares surge on same-day delivery boost
News 1 month ago
Target shares surge on same-day delivery boost

The retailer has spent billions of dollars on its push to compete with the ease of delivery provided by Amazon.com Inc and Walmart Inc, buying...

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Walmart sues Tesla for negligence after repeated solar system fires
News 1 month ago
Walmart sues Tesla for negligence after repeated solar system fires

Solar energy systems installed and maintained by the electric car maker were responsible for fires at seven locations, with dozens showing...

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U.S. housing starts fall further, but permits at seven-month high
News 1 month ago
U.S. housing starts fall further, but permits at seven-month high

U. S. housing starts fall further, but permits at seven-month high WASHINGTON (Reuters) - U. S. homebuilding fell for a third straight month in...

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U.S. housing market mired in weakness; consumer sentiment ebbs
News 1 month ago
U.S. housing market mired in weakness; consumer sentiment ebbs

WASHINGTON (Reuters) - U. S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing...

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J.C. Penney quarterly loss halves, sales still fall amid turnaround
News 1 month ago
J.C. Penney quarterly loss halves, sales still fall amid turnaround

The 117-year-old retailer, one of the worst-hit by the surge in online shopping in the past decade, reaffirmed it expected positive free cash flow...

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Surge in U.S. retail sales underscores economy's resilience
News 1 month ago
Surge in U.S. retail sales underscores economy's resilience

WASHINGTON (Reuters) - U. S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases,...

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WeWork preps for IPO with growing revenues and widening losses
News 1 month ago
WeWork preps for IPO with growing revenues and widening losses

The filing with the U. S. Securities and Exchange Commission underscores We Company's rapid growth but also the billions of dollars it is investing...

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WeWork to test IPO investor appetite with widening losses
News 1 month ago
WeWork to test IPO investor appetite with widening losses

The IPO, which could raise several billion dollars, will be a key test of investor appetite for fast-growing, money-losing start-ups, at a time...

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WeWork and the new brand of office-space providers
News 1 month ago
WeWork and the new brand of office-space providers

WeWork has sent a shockwave through the office real estate sector globally with its model of taking on long-term leases and renting them out to...

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Macy's shares sink as discounts to clear inventory hurt, tourism drops
News 1 month ago
Macy's shares sink as discounts to clear inventory hurt, tourism drops

The largest U.S. department store operator, whose flagship building in Manhattan is a major tourist attraction, blamed a bigger-than-expected...

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Macy's sinks as poor spring season hits profit
News 1 month ago
Macy's sinks as poor spring season hits profit

The largest U.S. department store operator, whose flagship building in Manhattan is a major tourist attraction, blamed a bigger-than-expected...

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Amazon in talks to buy up to 10% stake in India's Future Retail: Bloomberg
News 1 month ago
Amazon in talks to buy up to 10% stake in India's Future Retail: Bloomberg

The move comes as Amazon is looking to expand its reach in the Indian brick-and-mortar market, about a year after retailer Walmart Inc (WMT.N)...

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Investors look for consumer pressure ahead of next tariffs
News 1 month ago
Investors look for consumer pressure ahead of next tariffs

Investors and analysts are anxious about the impact of Trump's planned 10% tariff on the remaining $300 billion in Chinese imports, which will...

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Walmart asks employees to pull violent video game signage from stores
News 1 month ago
Walmart asks employees to pull violent video game signage from stores

The retailer said it has taken the action following the mass shootings in Texas and Ohio in the past week, which left 31 people dead. In an...

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New York retail icon Barneys files for bankruptcy
News 1 month ago
New York retail icon Barneys files for bankruptcy

NEW YORK/PARIS (Reuters) - Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, pushed to the brink by...

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