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IKEA to test furniture rental in 30 markets
News 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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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How U.S. retailers turn their bane into boon with 'click and collect'
News 3 months ago
How U.S. retailers turn their bane into boon with 'click and collect'

As retail casualties such as Sears or Toys 'R' Us kept piling up, costly real estate often got the blame for traditional retailers' struggle to...

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JPMorgan trades banker offices for shared desks
News 3 months ago
JPMorgan trades banker offices for shared desks

NEW YORK - JPMorgan Chase & Co is tearing down walls and moving its San Francisco investment bankers onto "hot desks," a space-saving layout that...

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EU medicines agency loses bid to end London lease over Brexit
News 3 months ago
EU medicines agency loses bid to end London lease over Brexit

The European Medicines Agency (EMA) has lost its bid to cancel a lease on its office in London's Canary Wharf financial district due to Brexit, in...

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Tesla prepares to offer Model 3 leasing to boost demand: Electrek
News 3 months ago
Tesla prepares to offer Model 3 leasing to boost demand: Electrek

The email stated that employees will be able to lease a Model 3 within the next two weeks, Electrek reported citing sources familiar with the...

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Payless ShoeSource to start liquidation sales at stores
News 4 months ago
Payless ShoeSource to start liquidation sales at stores

Payless expects all stores to remain open until at least the end of March and the majority will remain open until May, a company spokeswoman said...

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U.S. retail sales post largest drop since 2009; jobless claims up
News 4 months ago
U.S. retail sales post largest drop since 2009; jobless claims up

WASHINGTON (Reuters) - U. S. retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board,...

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U.S. retail sales post largest drop since 2009; jobless claims rise
News 4 months ago
U.S. retail sales post largest drop since 2009; jobless claims rise

WASHINGTON (Reuters) - U. S. retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board,...

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Amazon pulls the plug on New York headquarters
News 4 months ago
Amazon pulls the plug on New York headquarters

The company said on Thursday it did not see consistently "positive, collaborative" relationships with state and local officials. Opponents of the...

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Feeling unwelcome, Amazon ditches plans for New York hub
News 4 months ago
Feeling unwelcome, Amazon ditches plans for New York hub

NEW YORK (Reuters) - Amazon.com Inc abruptly scrapped plans to build a major outpost in New York that could have created 25,000 jobs, blaming...

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Exclusive: Walmart, Google-backed Deliv end online grocery partnership
News 4 months ago
Exclusive: Walmart, Google-backed Deliv end online grocery partnership

The world's largest retailer began bolstering its partnerships with third-party courier firms to reach consumers in 100 U. S. cities last year,...

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