International Business News - TGT http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Rubber and plastics maker Myers Industries Inc. said Thursday it plans additional price increases across its business segments beginning in mid-July to offset escalating raw material and energy costs. http://www.ibtimes.com/articles/20080703/myers-industries-to-raise-prices-in-mid-july.htm Thu, 03 Jul 2008 08:57:33 EDT Shares of broadline retailers fell on Wednesday as energy prices rose once again. Crude oil hit a record $144.15 a barrel before pulling back to settle at $143.57, up $2.60 on the New York Mercantile Exchange. The Energy Department reported Wednesday that U.S. crude oil supplies fell more than expected last week. http://www.ibtimes.com/articles/20080702/closing-glance-broadline-retailers.htm Wed, 02 Jul 2008 16:04:23 EDT Shares of some broadline retailers and department stores rose in early trading on Wednesday after a report showed factory orders rose as expected in May. http://www.ibtimes.com/articles/20080702/opening-glance-broadline-retailers.htm Wed, 02 Jul 2008 10:39:22 EDT With ingredient prices popping up like toaster strudel, General Mills said on Wednesday it has raised cereal prices and might consider other price increases, too. http://www.ibtimes.com/data/articleimgs/78966-earns-general-mills.jpg http://www.ibtimes.com/articles/20080625/general-mills-4q-profit-meets-wall-street-outlook.htm http://www.ibtimes.com/articles/20080625/general-mills-4q-profit-meets-wall-street-outlook.htm Wed, 25 Jun 2008 14:13:42 EDT Wall Street expects data due out Tuesday to show that consumer confidence in June continued to erode amid rising inflation, tight credit and falling home prices. http://www.ibtimes.com/articles/20080624/ahead-of-the-bell-consumer-confidence.htm Tue, 24 Jun 2008 06:10:57 EDT Wall Street on Tuesday will find out if spending by U.S. shoppers continued to rise as more consumers received their federal tax rebate checks. The International Council of Shopping Centers-UBS Index and the Johnson Redbook Retail Sales Index release retail data for the third week of June at 7:45 a.m. and 8:55 a.m. EDT, respectively. There are no consensus estimates available. http://www.ibtimes.com/articles/20080624/ahead-of-the-bell-retail-sales.htm Tue, 24 Jun 2008 06:10:45 EDT Cherokee Inc., a licenser of clothing brands, on Wednesday posted a smaller profit for the first quarter, as royalty revenue from discount chain Target Corp. declined. http://www.ibtimes.com/articles/20080611/cherokee-1q-profit-falls-on-royalty-decline.htm Wed, 11 Jun 2008 14:50:38 EDT Some Americans are finding the government-issued coupons used to help pay for digital television converter boxes are expiring before they can be redeemed, House lawmakers said Tuesday. http://www.ibtimes.com/articles/20080610/tv-converter-box-coupons-expiring-before-use.htm Tue, 10 Jun 2008 15:37:21 EDT Wall Street on Tuesday will find out if thrifty shoppers continued to limit their spending habits amid a sustained surge in food and fuel prices. The International Council of Shopping Centers-UBS Index and the Johnson Redbook Retail Sales Index release retail data for the first week of June at 7:45 a.m. and 8:55 a.m. EDT, respectively. There are no consensus estimates available. http://www.ibtimes.com/articles/20080610/ahead-of-the-bell-retail-sales.htm Tue, 10 Jun 2008 06:09:02 EDT Target Corp. said Thursday that same-store sales dipped 0.7 percent in May, as a decline in the number of transactions was only partially offset by an increase in average transaction size. http://www.ibtimes.com/articles/20080605/target-same-store-sales-dip-0-7-percent-in-may.htm Thu, 05 Jun 2008 08:54:49 EDT Shares of broadline retailers closed down on Monday, following weak reports about manufacturing and construction. The Institute for Supply Management's manufacturing index for May showed its fourth-straight monthly decline, while the Commerce Department said construction spending dipped in April for the sixth time in seven months due to a drop in home building. http://www.ibtimes.com/articles/20080602/closing-glance-broadline-retailers-fall.htm Mon, 02 Jun 2008 16:11:28 EDT Shares of some broadline retailers declined on Monday, as home building continued a more than two-year-long slide. The Commerce Department reported that construction activity fell by 0.4 percent in April after having been down 0.6 percent in March. http://www.ibtimes.com/articles/20080602/opening-glance-broadline-retailers-fall.htm Mon, 02 Jun 2008 10:26:57 EDT At the Country Loft gift shop, customers buying homemade fudge or a porcelain doll will come away with something more: cash back on a card to use for more shopping and a good feeling about supporting a charity and their local economy. http://www.ibtimes.com/data/articleimgs/52757-small-town-loyalty.jpg http://www.ibtimes.com/articles/20080522/company-uses-customer-loyalty-to-support-nonprofits.htm http://www.ibtimes.com/articles/20080522/company-uses-customer-loyalty-to-support-nonprofits.htm Thu, 22 May 2008 13:47:52 EDT A potential combination of Borders Group Inc. and rival bookseller Barnes & Noble Inc. would face numerous obstacles, analysts predicted Wednesday, from the challenge of pairing back a long list of overlapping stores to antitrust concerns from federal regulators. http://www.ibtimes.com/articles/20080521/borders-shares-up-on-report-of-possible-purchase.htm Wed, 21 May 2008 16:33:56 EDT For U.S. retailers, the phrase "challenging environment" has become a shared refrain for one of the toughest quarters in decades. And merchants expect the climate to remain rough for the rest of the year as higher gas and food costs as well as slumping home prices weigh on shoppers. http://www.ibtimes.com/data/articleimgs/50611-earns-saks.jpg http://www.ibtimes.com/articles/20080520/target-saks-expect-weak-sales-climate-for-year.htm http://www.ibtimes.com/articles/20080520/target-saks-expect-weak-sales-climate-for-year.htm Tue, 20 May 2008 16:29:45 EDT Stocks that are moving substantially or trading heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080520/home-depot-target-among-big-market-movers.htm Tue, 20 May 2008 16:22:52 EDT Among the earnings stories for Tuesday, May 20, from AP Financial News: NEW YORK (AP) -- Saks Inc., the operator of luxury chain Saks Fifth Avenue, reported Tuesday a 66 percent increase in first-quarter earnings compared with weak year-ago results. It said increased discounting hurt profit margins as even wealthy customers were feeling squeezed. http://www.ibtimes.com/articles/20080520/earnings-roundup-saks-imperial-tobacco-group.htm Tue, 20 May 2008 14:57:46 EDT With first-quarter profits down 8 percent and the economy in a funk, Target is emphasizing the "pay less" part its "Expect More, Pay Less" slogan. The nation's second-largest discount retailer said softer-than-expected sales and higher costs caused the profit decline for the quarter that ended May 3, although the results beat Wall Street expectations. http://www.ibtimes.com/data/articleimgs/50401-earns-target.jpg http://www.ibtimes.com/articles/20080520/target-1q-profit-drops-nearly-8-percent.htm http://www.ibtimes.com/articles/20080520/target-1q-profit-drops-nearly-8-percent.htm Tue, 20 May 2008 13:19:00 EDT Wall Street stumbled Tuesday after oil prices spiked to a new record above $129 a barrel and a government report raised investors' concerns about the impact of inflation on consumer spending. The Dow Jones industrials fell nearly 200 points. http://www.ibtimes.com/data/articleimgs/50434-wall-street-new-kids-on-the-block.jpg http://www.ibtimes.com/articles/20080520/wall-street-heads-to-lower-open-ahead-of-data.htm http://www.ibtimes.com/articles/20080520/wall-street-heads-to-lower-open-ahead-of-data.htm Tue, 20 May 2008 17:47:01 EDT Major business events and economic events scheduled for Tuesday: WASHINGTON _ Labor Department reports on producer price index for April, 8:30 a.m. http://www.ibtimes.com/articles/20080519/calendar-of-business-events-for-tuesday.htm Mon, 19 May 2008 13:22:34 EDT