Sales fell at many U.S. apparel retailers and warehouse club stores in June as the weak economy and cool, rainy weather dashed interest in summer shopping for consumers across the country.
Sales fell at many U.S. apparel retailers and warehouse club stores in June as the weak economy and cool, rainy weather dashed interest in summer shopping for consumers across the country.
Researchers are using Bluetooth technology to observe the meanderings of tens of thousands of festival-goers at a top European rock festival, hoping their findings will launch a new generation of tracking devices.
British telecoms and retail group Carphone Warehouse will offer contracts from Vodafone from next week in its 820 stores, ending a three-year dispute, Vodafone said on Thursday, confirming media reports.
Italian automaker Fiat is open to issuing a bond for institutional or retail investors, or both, Chief Executive Sergio Marchionne said on Saturday, according to news agency Ansa.
Opportunistic property investor NewRiver Retail has suspended plans for a 250 million pound ($406.3 million) listing on London's Alternative Investment Market stock exchange, a company spokeswoman told Reuters.
Citigroup has been ordered by Japanese regulators to stop marketing financial products at its retail bank for a month, a slap that is unlikely to squeeze revenue but will further tarnish the U.S. bank's reputation in a key market.
U.S. stocks rallied on Thursday on investors' relief that Federal Reserve Chairman Ben Bernanke was weathering a tough grilling in Congress relatively well.
Rain and cooler-than-usual weather so far in June may have dampened demand for summer items such as sandals, swimwear and beer for retailers already hard put to counter sales declines during the recession.
Japan's largest convenience store chain, Seven-Eleven, said it may appeal a finding by the country's anti-monopolgy watchdog that it had illegally pressured franchise stores not to cut the prices of food items.
U.S. retail chain, Eddie Bauer Holdings Inc. filed Wednesday for Chapter 11 bankruptcy protection and entered into a deal worth $202 million with a private equity firm to buy the company’s assets.
The wave of bankruptcies that has eliminated dozens of U.S. retail chains could force landlords to rethink their traditional aversion to having small, independent retailers as tenants, a retail real estate expert said on Thursday.
U.S. stocks racked up gains across a wide array of sectors on Thursday, aided by rising commodity prices and improving labor market conditions, along with a sharp drop in interest rates.
U.S. retail sales rose in May for the first time in three months and the number of workers filing new claims for jobless benefits last week hit a January low, fostering hope the recession was abating.
U.S. stocks racked up gains across a wide array of sectors on Thursday, aided by rising commodity prices and improving labor market conditions, along with a sharp drop in interest rates.
U.S. retail sales rose in May for the first time since January, according to a government report showing results which represent the ‘complete universe’ of over three million retail and food services firms nationwide.
Stocks headed for a flat open on Thursday after data on weekly jobless claims and May retail sales raised worries that the pace of recovery would be sluggish.
Sales at U.S. retailers rose in May and the number of workers filing new applications for jobless benefits fell for a fourth straight week last week, according to official data on Thursday that suggested the recession was abating.
Sales at U.S. retailers rose for the first time in three months in May as expected, lifted by strong gasoline and building material receipts, according to a government report on Thursday that bolstered views the recession was abating.
Sales at U.S. retailers rose for the first time in three months in May as expected, lifted by strong gasoline and building material receipts, according to a government report on Thursday that bolstered views the recession was abating.
Wall Street was set to open flat on Thursday, with investors eyeing retail sales and weekly jobless data for fresh insight into the state of the recession-hit economy.
More than nine out of 10 U.S. retailers say they have had merchandise stolen by well-organized crime rings, according to a new report from a leading trade group.