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Ikea to cut 7,500 jobs as customer behavior changes
News 3 months ago
Ikea to cut 7,500 jobs as customer behavior changes

Swedish home furnishings giant Ikea says it is cutting 7,500 jobs worldwide, partly as a result of a new strategy to open shops in city centers to...

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Former Toys R Us workers to get $20M in hardship fund
News 4 months ago
Former Toys R Us workers to get $20M in hardship fund

Two private equity owners of the iconic Toys R Us toy chain will be handing over a $20 million hardship fund to the thousands of former workers...

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US stocks negative for year as tech, retail weigh
News 4 months ago
US stocks negative for year as tech, retail weigh

U. S. stocks plunged Tuesday, with the Dow Jones Industrial Average dropping more than 500 points as big retailers, the tech sector and some...

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Shoppers spend freely heading into the holidays
News 4 months ago
Shoppers spend freely heading into the holidays

Shoppers are spending freely heading into the holidays, but heavy investments and incentives like free shipping by retailers are giving Wall Street...

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Even small companies may be able to cut Amazon-like deals
News 4 months ago
Even small companies may be able to cut Amazon-like deals

A company doesn't need to be as big as Amazon to get a good deal on real estate. Whether a small business wants to buy or rent, it may have...

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Earnings, turkey and retail highlight the week ahead
News 4 months ago
Earnings, turkey and retail highlight the week ahead

It will be a holiday shortened trading week with retail squarely in focus. Retail stocks reporting earnings will be combined with Black Friday...

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Time to get a watch? What to know about buying preowned
News 4 months ago
Time to get a watch? What to know about buying preowned

Luxury watches have long been a symbol of the wealthy. That's changing thanks to a booming trade in preowned luxury watches, driven by a growing...

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Clothing retailer J.Crew's chief executive stepping down
News 4 months ago
Clothing retailer J.Crew's chief executive stepping down

The chief executive of J. Crew Group Inc. is stepping down. The clothing retailer says in an announcement that the departure of James Brett, a...

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Amazon's 'National Landing' leads to confusion and jokes
News 4 months ago
Amazon's 'National Landing' leads to confusion and jokes

Place names in Arlington County have never been a simple matter. A major fight broke out when National Airport was named for Ronald Reagan in 1998....

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1st pot shops in eastern US get OK to open in Massachusetts
News 4 months ago
1st pot shops in eastern US get OK to open in Massachusetts

Two marijuana stores in Massachusetts were given the green light Friday to begin selling to recreational customers next week, making them the first...

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Groups protest plans for possible lease sale in Beaufort
News 4 months ago
Groups protest plans for possible lease sale in Beaufort

Federal regulators are preparing an environmental review for a possible offshore lease sale in Alaska's Beaufort Sea and environmental groups are...

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Beloved toy store FAO Schwarz makes its comeback
News 4 months ago
Beloved toy store FAO Schwarz makes its comeback

In this Tuesday, Nov. 13, 2018 photo, Steiff teddy bears are on display during a media preview of the new FAO Schwarz store at Rockefeller Center...

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AP Exclusive: Walmart US CEO talks technology, workers
News 4 months ago
AP Exclusive: Walmart US CEO talks technology, workers

When Walmart's Greg Foran took over as CEO of the discounter's U. S. division four years ago, he found messy stores with lots of items that were...

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JC Penney withdraws profit guidance, cuts sales outlook
News 4 months ago
JC Penney withdraws profit guidance, cuts sales outlook

Shares of J. C. Penney plunged before the opening bell after the company withdrew profit guidance and lowered its sales expectations for the year....

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Nordstrom's guidance undercuts Q3 numbers, stock slides
News 4 months ago
Nordstrom's guidance undercuts Q3 numbers, stock slides

Shares of Nordstrom Inc. slid in after-hours trading Thursday after the department store retailer issued weak guidance for the full year. The...

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Macy's heads into the holiday season like a boss
News 4 months ago
Macy's heads into the holiday season like a boss

Macy's is heading into the crucial holiday season firing on all cylinders, logging its fourth consecutive quarter of sales growth at existing...

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A look at what's in Amazon's new deal with Virginia
News 4 months ago
A look at what's in Amazon's new deal with Virginia

Virginia regularly awards grants, tax breaks and other goodies to businesses that move to the state or expand their operations, sometimes even for...

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Amazon's NYC home in 'opportunity zone' for Trump tax break
News 4 months ago
Amazon's NYC home in 'opportunity zone' for Trump tax break

Much of the New York City neighborhood selected by Amazon for one of its new headquarters is in a federal "opportunity zone," a designation created...

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NY state kicking  in $1.5B-plus for getting Amazon HQ
News 4 months ago
NY state kicking in $1.5B-plus for getting Amazon HQ

Amazon stands to get more than $1.5 billion in grants and tax breaks from New York state in exchange for bringing at least 25,000 workers to a new...

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Drilling overwhelms agency protecting America's lands
News 4 months ago
Drilling overwhelms agency protecting America's lands

Wayne Smith was hardened to a certain level of chaos here, on land the American public owns. But even he was incredulous as he surveyed an area he...

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Amazon HQ favorites: Similar basics, different vibes
News 4 months ago
Amazon HQ favorites: Similar basics, different vibes

The communities said to be favored to become homes to a pair of big, new East Coast bases for Amazon are both riverfront stretches of major...

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Mortgage Rates Jump to 8-Year High
News 4 months ago
Mortgage Rates Jump to 8-Year High

New Terms of Use Quotes delayed at least 15 minutes. Real-time quotes provided by BATS BZX Real-Time Price. Market Data provided by Interactive...

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Spain looks to clear up mortgage tax confusion
News 4 months ago
Spain looks to clear up mortgage tax confusion

The Spanish government says it is looking to enact legislation to make banks, and not their customers, liable for paying future taxes on housing...

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Airbnb landlords agree to pay San Francisco $2.25 million
News 4 months ago
Airbnb landlords agree to pay San Francisco $2.25 million

FILE - In this Feb. 22, 2018, file photo, Airbnb co-founder and CEO Brian Chesky speaks with San Francisco rental locations projected behind him...

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Real Estate: Buy, Rent or Sell?
News 4 months ago
Real Estate: Buy, Rent or Sell?

New Terms of Use Quotes delayed at least 15 minutes. Real-time quotes provided by BATS BZX Real-Time Price. Market Data provided by Interactive...

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Gone to pot: Marijuana shortages plague Canada
News 4 months ago
Gone to pot: Marijuana shortages plague Canada

The name of the store is High North, but it might as well be named High and Dry because for all but about four hours of the first two weeks since...

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Whirlpool making $55 million expansion in Oklahoma
News 4 months ago
Whirlpool making $55 million expansion in Oklahoma

Whirlpool Corp. has announced plans for a $55 million expansion that will bring about 150 more jobs to Oklahoma. The home appliance company says in...

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WeWork shows plan for Lord & Taylor building as tech space
News 4 months ago
WeWork shows plan for Lord & Taylor building as tech space

The WeWork office space-sharing firm moving into the Lord & Taylor flagship building on Fifth Avenue in Manhattan unveiled some grand plans Tuesday...

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Walmart expands speedier checkout service
News 4 months ago
Walmart expands speedier checkout service

Walmart will be rolling out a program that allows its staff to check out customers and provide receipts right on the spot in the busiest sections...

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Newsom's California business holdings could pose ethics bind
News 4 months ago
Newsom's California business holdings could pose ethics bind

Before he was a politician, California Lt. Gov. Gavin Newsom was a businessman, and over the years he became a millionaire through his holdings in...

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