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U.S. retail sales post biggest gain in one-and-a-half years in March
News 6 days ago
U.S. retail sales post biggest gain in one-and-a-half years in March

WASHINGTON, (Reuters) - U. S. retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a...

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U.S. pilot program allows online grocery shopping with food stamps
News 6 days ago
U.S. pilot program allows online grocery shopping with food stamps

WASHINGTON (Reuters) - The U. S. Department of Agriculture on Thursday said it has launched a pilot program in New York that allows consumers...

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Sears sues Lampert, claiming he looted assets and drove it into bankruptcy
News 6 days ago
Sears sues Lampert, claiming he looted assets and drove it into bankruptcy

NEW YORK (Reuters) - Sears Holdings Corp sued longtime former chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury...

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U.S. retail sales, labor market data paint upbeat economic picture
News 6 days ago
U.S. retail sales, labor market data paint upbeat economic picture

WASHINGTON (Reuters) - U. S. retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a...

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Buyout firm Apollo to buy Smart & Final Stores for $1.1 billion
News 1 week ago
Buyout firm Apollo to buy Smart & Final Stores for $1.1 billion

The deal comes after Apollo sold Smart & Final to Ares Management Corp, another buyout firm, in 2012 for $975 million, including debt. It is Apollo...

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GE to pay $1.5 billion U.S. civil fine over subprime mortgages
News 1 week ago
GE to pay $1.5 billion U.S. civil fine over subprime mortgages

The U.S. Department of Justice on Friday said the accord resolves claims that GE concealed the poor quality of the loans and WMC's lax fraud...

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GE to pay $1.5 billion U.S. fine over crisis-era subprime mortgages
News 1 week ago
GE to pay $1.5 billion U.S. fine over crisis-era subprime mortgages

GE to pay $1.5 billion U. S. fine over crisis-era subprime mortgages The U.S. Department of Justice on Friday said the accord resolves claims that...

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Lenders seize UK retailer Debenhams, wiping out Ashley
News 2 weeks ago
Lenders seize UK retailer Debenhams, wiping out Ashley

LONDON (Reuters) - Debenhams' lenders took control of the ailing retailer on Tuesday after it went into administration, wiping out shareholders...

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Selling with the enemy: Why rival retailers embrace Amazon.com
News 2 weeks ago
Selling with the enemy: Why rival retailers embrace Amazon.com

MADRID/NEW YORK (Reuters) - Chico's FAS Inc warned in January that it would shutter at least 250 stores across its namesake brand, along with its...

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Debenhams' fate in the balance after Ashley rescue plan rejected
News 2 weeks ago
Debenhams' fate in the balance after Ashley rescue plan rejected

LONDON (Reuters) - Sports Direct boss Mike Ashley is still looking for ways to take control of Debenhams, he said on Monday after the ailing...

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IKEA to test furniture rental in 30 markets
News 3 weeks ago
IKEA to test furniture rental in 30 markets

KAARST, Germany (Reuters) - IKEA will expand tests to allow customers to rent desks and sofas rather than buy them as it shifts away from selling...

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U.S. retail sales unexpectedly fall as economy slows
News 3 weeks ago
U.S. retail sales unexpectedly fall as economy slows

WASHINGTON (Reuters) - U. S. retail sales unexpectedly fell in February, the latest sign economic growth has shifted into low gear as stimulus from...

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U.S. retail sales unexpectedly fall in February
News 3 weeks ago
U.S. retail sales unexpectedly fall in February

WASHINGTON, (Reuters) - U. S. retail sales unexpectedly fell in February, the latest sign economic growth has shifted into low gear as stimulus...

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Zara founder's real estate arm buys Amazon offices in Seattle
News 3 weeks ago
Zara founder's real estate arm buys Amazon offices in Seattle

Pontegadea Inmobiliaria, the real estate arm of the founder of fashion group Inditex, Amancio Ortega, this week completed the purchase of two...

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Office Depot, Support.com pay $35 million to settle FTC allegations
News 4 weeks ago
Office Depot, Support.com pay $35 million to settle FTC allegations

WASHINGTON (Reuters) - Retailer Office Depot Inc and software firm Support.com Inc have agreed to pay $35 million to settle U. S. Federal Trade...

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Top U.S. court rebuffs challenge to Nike over Michael Jordan photo
News 1 month ago
Top U.S. court rebuffs challenge to Nike over Michael Jordan photo

WASHINGTON (Reuters) - The U. S. Supreme Court on Monday declined to consider reviving a copyright case in which Nike Inc was accused of...

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Thomas Cook to shut 21 stores and cut jobs in shift to online
News 1 month ago
Thomas Cook to shut 21 stores and cut jobs in shift to online

British travel company Thomas Cook plans to axe 320 jobs and close 21 stores in its UK retail network to cut costs as consumers increasingly shop...

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Amazon's second headquarters faces new blocks in Virginia funding vote
News 1 month ago
Amazon's second headquarters faces new blocks in Virginia funding vote

WASHINGTON (Reuters) - Amazon.com Inc's plan to set up a second headquarters in northern Virginia, after being rebuffed in New York, will face its...

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Amazon's second headquarters clears blocks in Virginia funding vote
News 1 month ago
Amazon's second headquarters clears blocks in Virginia funding vote

WASHINGTON (Reuters) - Amazon.com Inc's planned second headquarters in northern Virginia cleared a key test on Saturday when local officials...

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U.S. retail sales rebound but not enough to jolt slowing economy
News 1 month ago
U.S. retail sales rebound but not enough to jolt slowing economy

WASHINGTON (Reuters) - U. S. retail sales rose modestly in January after a December drop that was even larger than originally estimated, but the...

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Austria's Signa partners with RFR to buy New York's Chrysler Building: sources
News 1 month ago
Austria's Signa partners with RFR to buy New York's Chrysler Building: sources

Signa and RFR are equal partners in a joint venture that signed an agreement on Friday to buy the building from the Abu Dhabi Investment Council at...

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Amazon to close U.S. pop-up stores, focus on opening more book stores
News 1 month ago
Amazon to close U.S. pop-up stores, focus on opening more book stores

Amazon.com Inc will close all of its U.S. pop-up stores and focus instead on opening more book stores, a company spokesperson said on Wednesday....

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Abercrombie expects redesigned stores to boost 2019 sales, shares surge
News 1 month ago
Abercrombie expects redesigned stores to boost 2019 sales, shares surge

(This March 6 story, corrects paragraph 2 to say company will be closing up to 40 stores, not 40 stores; also drops reference to on-trend clothing...

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Amazon to close all U.S. pop-up stores
News 1 month ago
Amazon to close all U.S. pop-up stores

Amazon to close all U. S. pop-up stores The company's shares closed down 1.4 percent at $1,668.95. Amazon's all 87 pop-up stores in the United...

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Retail stocks set to bypass tariff woes but face aftershock risk
News 1 month ago
Retail stocks set to bypass tariff woes but face aftershock risk

NEW YORK (Reuters) - Shares of U. S. retail and consumer goods companies appear set to emerge largely unscathed from the trade dispute between the...

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U.S. construction spending falls, fourth quarter GDP seen revised lower
News 1 month ago
U.S. construction spending falls, fourth quarter GDP seen revised lower

WASHINGTON (Reuters) - U. S. construction spending unexpectedly fell in December as investment in both private and public projects dropped, leading...

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Tesla's store-shuttering strategy may pull the rug out of solar
News 1 month ago
Tesla's store-shuttering strategy may pull the rug out of solar

SAN FRANCISCO (Reuters) - Tesla Inc's sudden decision to shutter the bulk of its stores around the world raises a red flag over the future of its...

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Tesla enters uncharted territory after move to dismantle store network
News 1 month ago
Tesla enters uncharted territory after move to dismantle store network

DETROIT (Reuters) - Tesla Inc's move to dismantle its network of high-end showrooms as part of a plan to launch the long-awaited cheaper version of...

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U.S. holds major oil and gas lease sale in sage grouse habitat
News 1 month ago
U.S. holds major oil and gas lease sale in sage grouse habitat

The Bureau of Land Management is offering 565 parcels of land, representing more than 750,000 acres, for leasing via an online auction taking place...

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Future Retail to operate 7-Eleven's foray into India
News 1 month ago
Future Retail to operate 7-Eleven's foray into India

Future Retail, which operates local retail chains such as Big Bazaar, Foodhall and Nilgiris, plans to set up 7-Eleven stores as well as convert...

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