Supermarket chain ASDA has announced it will be creating 9,000 new jobs in what it calls its biggest jobs programme in a decade. The jobs will be created through new store openings, extensions and business expansion.
U.S. stocks gained on Tuesday for the first time in three days after Wal-Mart Stores Inc. released higher-than-expected fourth quarter results and energy stocks climbed led by oil which surpassed $98 a barrel.
The promise of a solid open on Wall Street after Wal-Mart signaled the U.S. consumer is still keen to spend helped set aside worries about hefty bank writedowns on Tuesday while oil and metal prices rose unabated.
Wal-Mart Stores posted better-than-expected quarterly profit on Tuesday as penny-pinching U.S. shoppers scoured its discount stores for low prices on necessities like food to offset tough economic conditions. We know that the economy remains a critical factor in this new fiscal year, said Lee Scott, CEO of the world's largest retailer, in a statement. Customers were more cautious in their spending in January.
Wal-Mart Stores Inc has decided to exclusively sell high-definition DVDs in the Blu-Ray format, dealing what could be a crippling blow to the rival HD DVD technology backed by Toshiba Corp.
For the past eight years, Wal-Mart Stores Inc's shareholders have had little reason to beam like the retailer's well-known smiley face image, as stock prices have dropped and the company has underperformed rivals like Target Corp.
But the gloom may be finally lifting -- ironically thanks in part to the U.S. economy's increasing troubles.
January retail sales were the worst in nearly four decades, adding further tension to a stumbling economy, according to Nordstrom Inc.
An economic stimulus package helped boost retail stocks but buyers beware.
Retailers reported weaker than expected December sales results on Thursday, reflecting a 2007 holiday shopping season that is turning out to be one of the weakest in years due to a weakening job market and the ongoing housing slump.
Wal-Mart Stores Inc quietly canceled its online video download service less than a year after the site went live
Last summer's slew of toy recalls has not faded from U.S. consumers' minds
Dell Inc. announced on Thursday it will begin selling PCs at more than 900 Best Buy Co. Inc. stores in an attempt to gain more of the U.S. consumer market.
Some retailers reported stronger-than-expected November sales on Thursday, helped by a post-Thanksgiving rush and holiday discounts, but notable misses by others and a shift in the retail calendar left an unclear picture of the strength of the key holiday season.
Some retailers reported stronger-than-expected November sales on Thursday, helped by a post-Thanksgiving rush and holiday discounts, but notable misses by others and a shift in the retail calendar left an unclear picture of the strength of the key holiday season.
The holiday tug-of-war is under way. U.S. retailers want to rack up sales now, not later. Consumers, however, are resisting, playing the waiting game for bigger discounts closer to Christmas. To win the battle, many retailers are enticing shoppers with so-called limited-time sales, hoping a deadline will convince them to spend money now -- and help stores avoid profit-crunching price cuts later in the season.
American consumers continued to shop for gifts even after the major kick-off to the shopping season last holiday weekend, but many will delay purchases until a second wave of major promotions later in the month, according to a survey released Sunday.
Warner Music Group (WMG) and Sony BMG Music Entertainment are feeling increased pressure to follow EMI and Universal Music Group's lead in distributing music in the MP3 format, which forgoes restrictive digital rights management technology.
China has published a blacklist of substandard toy jugs and children's shoes sold at Wal-Mart stores and drawing pens from French retailer Carrefour in a quality sweep on children's goods sold at Beijing supermarkets.
Leading U.S. retailer Wal-Mart said Monday it is nearly tripling the number of its online sales this year, offering deals for the entire week entire week.
A North Carolina state judge rejected an attempt by Wal-Mart Stores Inc to block public access to certain court documents in a tax dispute with state authorities, the Wall Street Journal reported Friday in its online edition.
The holiday shopping season kicked off on Thursday even before the turkey was carved, as retailers, worried that gift buying may slow this year, posted special deals on their Web sites on Thanksgiving day. Numerous retailers, including Wal-Mart Stores Inc, Best Buy Co Inc and Circuit City Stores Inc, are offering special deals online.
Britain's biggest clothing retailer, Marks & Spencer Group Plc., is planning to set up a joint venture in India, the Economic Times reported on Monday.
