Result Page 135 for Retail news & latest pictures from ibtimes.com

Nokia eyes mobile email, unveils business phone

The world's top cellphone maker, Nokia, unveiled on Tuesday a new phone model, the Nokia E51, for corporate users and said it still expects to fast growth in the mobile e-mail market.

China Construction Bank raises $7.7 bln in IPO

China Construction Bank, the country's second-biggest bank by assets, said on Tuesday it had raised 58 billion yuan ($7.7 billion) in the country's largest domestic IPO.

August retail sales disappoint

Retail sales and industrial output eked out smaller-than-expected gains in August, according to data on Friday that kept in place expectations the Federal Reserve will cut interest rates next week. The reports showed signs of economic softness but the picture was not uniformly bleak. A drop in gasoline prices helped curb the sales retail gain, but helped hold a gauge of consumer confidence steady in early September.

Jobs fall latest signal for weak retail holiday

A surprise decline in payrolls in August could frighten already jittery consumers into shutting their wallets tight, a move that could push sales down to recession levels during the key holiday shopping season.

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Skirts the next big fad?

Many U.S. clothing retailers think the skirt may be the next dress.

State Street faces exposure to conduits: report

Institutional money manager State Street Corp faces $22 billion exposure to asset-backed commercial paper conduits, the off-balance sheet vehicles that have caused problems for rivals in recent weeks, British newspaper The Times reported.

Job market may be in for bleak Christmas

With a slowing economy could the job market see declines this holiday season?

India supermarkets shut, middle class dreams fade

The new supermarket was slated as the shape of retail to come in globalizing India. Now shutters covered its windows, staff meandered outside and customers picked final bargains before its closure.

Clinics in retail stores bring controversy

After three months of feeling lethargic with bouts of blurred vision, 65-year-old Jim Einsweiler walked into a clinic in his local Walgreens pharmacy, mostly, he said, to appease his wife.

Mortgage crisis widens at Accredited, HSBC, Lehman

The U.S. mortgage and credit crisis deepened on Wednesday, as Accredited Home Lenders Holding Co, HSBC Holdings Plc and Lehman Brothers Holdings Inc announced a total of 3,400 job cuts, as concern mounted about the longer-term impact on the economy.

Solid retail sales boost hopes for growth

Consumers spent more boldly than expected last month as declining gasoline prices shielded household budgets, government data showed on Monday. Sales at U.S. retailers rose a slightly more-than-expected 0.3 percent in July and core sales, which strip out car, building materials and gasoline sales, were even stronger, the Commerce Department data showed.

Retail investors take gyrations in stride

Wall Street's roller-coaster ride, triggered by the meltdown in subprime mortgage lending, is spreading pain through financial markets -- but has not hit Main Street yet.

Most retailers miss July sales expectations

Most U.S. retailers posted weaker-than-expected July sales on Thursday, hurt by a delayed back-to-school shopping season and high gas prices that cut consumers' trips to the mall.

Wal-Mart, Bharti ink cash-and-carry venture

The world's largest retailer, Wal-Mart, has inked a 50-50 joint venture with Bharti Enterprises for a wholesale cash-and-carry business in India that will roll out ten to fifteen such outlets over the next seven years.

Wal-Mart sees surge in India sourcing

Sourcing of products from India by Wal-Mart Stores Inc. could rise to billions of dollars annually in coming years once the U.S. retailer starts operations there, the firm's country president said on Tuesday.

Clear Channel Outdoor quarterly profit rises

Outdoor advertising company Clear Channel Outdoor Holdings Inc. said on Friday its quarterly profit rose 43 percent, helped by growth in ads by automotive, telecommunications and retail companies.

Gap names drug chain exec Murphy as CEO

Gap Inc. on Thursday named Glenn Murphy as its new chief executive and chairman, giving a respected former Canadian drug chain chief with no significant fashion industry experience the mandate to turn around the world's largest apparel retailer.

Bharti Airtel, Ericsson ink $2 billion network deal

India's largest private mobile services provider, Bharti Airtel, and Sweden's Ericsson have inked a $2 billion, two-year deal whereby the latter will help Bharti expand its telecom network as it looks to push into new rural markets.

Retail slump in June hints at tired U.S. consumer

U.S. retail sales posted their biggest monthly decline in nearly two years during June, according to government data issued on Friday, indicating the housing market slump and soaring gasoline prices are depressing consumer spending.

Retail sales notch modest gains in June

Retailers reported modest June sales results on Thursday as industry leader Wal-Mart Stores Inc. and teen favorite Abercrombie & Fitch Co. topped Wall Street's conservative expectations while a number of department stores and women's specialty retailers foundered.