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Tesla enters uncharted territory after move to dismantle store network
News 4 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 4 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 4 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 4 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 4 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 4 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 4 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 5 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 5 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 5 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 5 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 5 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 5 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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IKEA accelerates services drive as competition stiffens
News 5 months ago
IKEA accelerates services drive as competition stiffens

STOCKHOLM/NEW YORK (Reuters) - Jessica Reznik likes IKEA's prices but not do-it-yourself. So when the Swedish furniture giant said a handyman on...

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Marriott teams up with Kuwait Projects on St. Regis resort in Morocco
News 5 months ago
Marriott teams up with Kuwait Projects on St. Regis resort in Morocco

DUBAI (Reuters) - United Real Estate Co., a unit of Kuwait Projects Co, and Marriott International said in a joint statement on Saturday that they...

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Amazon reconsiders New York headquarters over local opposition: Washington Post
News 5 months ago
Amazon reconsiders New York headquarters over local opposition: Washington Post

WASHINGTON (Reuters) - Amazon.com Inc is reconsidering locating part of its new headquarters in New York because of local opposition, the...

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Amazon exploring potential alternatives to New York HQ: source
News 5 months ago
Amazon exploring potential alternatives to New York HQ: source

WASHINGTON (Reuters) - Amazon.com Inc is exploring alternatives to locating part of its new headquarters in New York in case the plan should fail...

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Exclusive: Food retailer Smart & Final explores sale - sources
News 5 months ago
Exclusive: Food retailer Smart & Final explores sale - sources

(Reuters) - Smart & Final Stores Inc (SFS. N), a U.S. food retailer controlled by private equity firm Ares Management Corp (ARES.N), is exploring...

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Sainsbury's-Asda deal could live with upwards of 132 store disposals: UBS
News 5 months ago
Sainsbury's-Asda deal could live with upwards of 132 store disposals: UBS

Sainsbury's-Asda deal could live with upwards of 132 store disposals: UBS LONDON (Reuters) - The proposed merger of Sainsbury’s and rival...

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Tesco cost cuts put 9,000 UK jobs at risk
News 5 months ago
Tesco cost cuts put 9,000 UK jobs at risk

LONDON (Reuters) - Tesco, Britain’s biggest retailer, could ax 9,000 jobs in its UK stores and head office with its latest move to simplify...

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Supermarket retailer Casino to sell six stores to rival Leclerc
News 5 months ago
Supermarket retailer Casino to sell six stores to rival Leclerc

Supermarket retailer Casino to sell six stores to rival Leclerc FILE PHOTO: The logo of Casino shop is seen in Nice, France, January 15, 2019....

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Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid: sources
News 6 months ago
Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid: sources

Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid: sources NEW YORK (Reuters) - Sears Holdings Corp Chairman Eddie...

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U.S. start-up CommonGrounds raises $100 million, unveils 'hackable' shared office
News 6 months ago
U.S. start-up CommonGrounds raises $100 million, unveils 'hackable' shared office

NEW YORK (Reuters) - CommonGrounds, a California start-up trying to carve out a niche in the crowded flexible workspace sector with movable office...

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Casino gambles on Amazon-style checkout free Champs Elysees store
News 9 months ago
Casino gambles on Amazon-style checkout free Champs Elysees store

Casino is doing away with cashiers in a new shop near the Champs Elysees in a French version of the Amazon Go checkout-free convenience stores in...

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HSBC bolsters infrastructure, power and real estate teams in expansion drive
News 9 months ago
HSBC bolsters infrastructure, power and real estate teams in expansion drive

HSBC has hired seven new bankers to expand its power, infrastructure and real estate businesses as part of a global push to serve clients across...

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J. C. Penney names former Joann Stores chief as CEO
News 9 months ago
J. C. Penney names former Joann Stores chief as CEO

J. C. Penney Co Inc on Tuesday named Jill Soltau as its new chief executive officer, effective mid-October, ending the department store chain's...

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Kroger to test grocery pick-up program at Walgreens stores
News 9 months ago
Kroger to test grocery pick-up program at Walgreens stores

U.S. grocer Kroger Co said on Tuesday it is exploring a partnership with Walgreens Boots Alliance Inc to allow its customers order online and pick...

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Sears CEO Lampert offers new deals to avert bankruptcy
News 9 months ago
Sears CEO Lampert offers new deals to avert bankruptcy

Sears Holdings Corp Chief Executive Eddie Lampert, a major investor in the company, has proposed rescue deals to help the department store chain...

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UK's Debenhams can grow again, says boss
News 9 months ago
UK's Debenhams can grow again, says boss

The boss of Britain's Debenhams came out fighting on Monday, saying the department store chain's troubles had been exaggerated and insisting the...

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U.S. existing home sales unchanged in August
News 9 months ago
U.S. existing home sales unchanged in August

U.S. home sales flatlined in August but inventory increased for the first time in three years as the housing market continued to struggle despite...

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