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July 24, 2008 1:46:11 PM CDT

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Stories related to: retail

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Stories 1 - 20 of 41

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  • July 2008

    • Chicago Transit Explores Groceries in Train Stations

      newser  |  Chicago Tribune  |  Jul 17, 08 2:00 PM CDT

      Chicago Transit Explores Groceries in Train Stations

      The Chicago Transit Authority is looking make more money from the real estate it owns, and is investigating installing grocery stores and restaurants inside “L” (elevated train) stations, the Tribune reports—with the agency hoping to generate $100 million over the next 5 years from such commercial development. "People could get off directly inside the grocery store and go shopping without ever going outside," one official says. More »

    • Former Retail Workers Stuck in Folding Mode

      newser  |  Wall Street Journal  |  Jul 9, 08 9:49 AM CDT

      Former Retail Workers Stuck in Folding Mode

      Countless current and former retail workers have an obsessive urge to fold clothes ironed into their brains, the Wall Street Journal reports. The Gap started the trend for tightly folded displays in the '80s and rivals quickly followed suit. A whole generation of retail alumni spent thousands of hours folding and is now unable to tolerate the sight of imperfectly folded T-shirts. More »

      Tags

      retail  • clothing  • retail stores  • The Gap  • Gap

    • Booze Flows in Baghdad

      newser  |  McClatchy Newspapers  |  Jul 2, 08 11:09 AM CDT

      Booze Flows in Baghdad

      Iraq may be a war-torn nation with deep-seated sectarian divisions, but things are picking up for a certain thirsty segment of the population. That’s right: booze is flowing again in Baghdad, McClatchy Newspapers reports. Though a predominantly Muslim nation, Iraq, even under Saddam Hussein, permitted any citizen to sip, though only non-Muslims could sell the stuff. More »

      Tags

      Iraq  • alcohol  • retail  • sectarian violence  • Muslim  • liquor  • prohibition

  • June 2008

    • New Shower Curtains Smell Like Cancer

      newser  |  Los Angeles Times  |  Jun 12, 08 5:40 PM CDT

      New Shower Curtains Smell Like Cancer

      Ever wonder about that smell given off by new shower curtains? Well, according to a new study, it’s poisonous. An independent organization has found that PVC shower curtains on shelves at Wal-Mart, Target, Sears and others may give off measurable amounts of dangerous, volatile organic compounds that could linger for up to a month, the Los Angeles Times reports. More »

    • Street Rallies on Retail, Jobs

      newser  |  Wall Street Journal  |  Jun 5, 08 3:17 PM CDT

      Street Rallies on Retail, Jobs

      The markets rebounded from a 3-day losing streak today as retailers posted strong sales and weekly claims for jobless benefits fell, the Wall Street Journal reports. The Dow climbed 213.97, closing at 12,604.45, and the Nasdaq gained 46.80 to settle at 2,549.94. The S&P 500 added 26.85 to finish at 1,404.05. More »

    • Most Returned Electronics Aren't Broken

      newser  |  PC World  |  Jun 3, 08 6:30 PM CDT

      Most Returned Electronics Aren't Broken

      Just 5% of the electronics that consumers return to stores actually don’t work, though often the buyers believe they’re broken, a new study says. In 68% of cases, “they thought it was defective when it wasn't, or there was an expectation gap,” an executive of the firm releasing the study told PC World . US electronics returns cost $13.8 billion in 2007. More »

      Tags

      retail sales  • retail  • consumer electronics  • consumer products

  • May 2008

    • Ditching TV Ads Helps Put Gap Back on Track

      newser  |  Advertising Age  |  May 27, 08 10:27 AM CDT

      Ditching TV Ads Helps Put Gap Back on Track

      The Gap's balance sheet is back in the black, helped along by its decision to stop spending on TV ads, Advertising Age reports. The clothing retailer slashed marketing spending by nearly a fifth in the first quarter and saw profits leap 40%, even as sales slumped. The Gap has switched its focus to merchandising initiatives instead. More »

      Tags

      advertising  • retail sales  • marketing  • retail  • clothing  • TV advertising  • Gap  • advertising budgets

    • Retail Sales Rise, but Consumers Spend Cautiously

      newser  |  Associated Press  |  May 8, 08 9:04 AM CDT

      Retail Sales Rise, but Consumers Spend Cautiously

      Consumers gave some of the nation's retailers a little relief in April, following months of dismal sales, but business was helped along by heavy discounting that could hurt fiscal first-quarter earnings, AP reports. Early sales reports issued yesterday showed that shoppers—who are contending with rising gas prices, sagging home and worries about their jobs—bought the basics at discounters and wholesale clubs. More »

    • Bankrupt, Linens 'n Things Will Fold 120 Stores

      newser  |  MarketWatch  |  May 2, 08 5:45 PM CDT

      Bankrupt, Linens 'n Things Will Fold 120 Stores

      Linens 'n Things filed for bankruptcy protection today, MarketWatch reports, and plans to close 120 stores nationwide as other operations continue. "The significant deterioration in the mortgage, housing and credit markets and the resulting impact on the retail marketplace, particularly the home sector, has overwhelmed the operating and merchandising improvements that we have made over the past two years," the company's new chairman said. More »

      Tags

      retail  • consumer spending  • bankruptcy  • economics  • layoffs  • Chapter 11  • Linens 'n Things

  • April 2008

    • Retailers Checking Out as Economy Falters

      newser  |  New York Times  |  Apr 15, 08 8:00 AM CDT

      Retailers Checking Out as Economy Falters

      Stores across the country are closing their doors, the New York Times reports, victims of a downturn in consumer spending. Retailers are often heavily leveraged, and as the economy falters banks are tightening credit. Several chains, including Sharper Image, have declared bankruptcy; others like Footlocker, Ann Taylor, and Zales are closing stores to stay afloat. “You have the makings of a wave of significant bankruptcies,” said a former Kmart executive. More »

      Tags

      recession  • economy  • retail  • consumer spending  • bankruptcy  • retail stores  • Sharper Image  • Linens 'n Things

    • Blockbuster Makes $1.35B Bid for Circuit City

      newser  |  Wall Street Journal  |  Apr 14, 08 7:53 AM CDT

      Blockbuster Makes $1.35B Bid for Circuit City

      Movie-rental chain Blockbuster went public today with an offer to buy struggling consumer electronics retailer Circuit City for between $6 and $8 a share, reports the Wall Street Journal. Blockbuster made the offer—worth up to $1.35 billion—in February, but said Circuit City hasn’t opened its books. Circuit City closed at $3.90 Friday. More »

      Tags

      acquisitions  • retail  • consumer electronics  • Blockbuster  • Circuit City

    • Linens 'n Things to Go Bust

      newser  |  Wall Street Journal  |  Apr 11, 08 6:50 AM CDT

      Linens 'n Things to Go Bust

      Linens ‘n Things ls expected to file for Chapter 11 by Tuesday, the deadline for a $15-million quarterly debt payment, the Wall Street Journal reports. The move would make the home-furnishings giant the first major retailer sunk by the housing crisis, after bloated debt and plummeting demand handed the New Jersey company $242 million in losses last year. More »

      Tags

      retail sales  • retail  • bankruptcy  • retail stores  • Chapter 11  • Linens 'n Things

    • For Sale: Video Vault of Wal-Mart Inner Workings

      newser  |  Wall Street Journal  |  Apr 9, 08 12:00 PM CDT

      For Sale: Video Vault of Wal-Mart Inner Workings

      A tiny production company has decades of behind-the-scenes moments from Wal-Mart on film—and up for grabs. The chain hired Flagler Productions to film its inner workings for corporate events, but fired it two years ago, the Wall Street Journal r eports. After Wal-Mart low-balled Flagler on the archive, it’s selling browsing rights to interested bidders, including some curious antagonists. More »

      Tags

      Wal-Mart  • retail  • corporate culture  • corporations

    • OMG, Txt Msg Shopping!

      newser  |  Associated Press  |  Apr 2, 08 12:25 PM CDT

      OMG, Txt Msg Shopping!

      Ruling the computer shopping world wasn’t enough for Amazon. Thanks to its new TextBuyIt service, customers can search the retail giant from anywhere… including, just as an example mind you, brick-and-mortar stores. Is Amazon specifically hoping to pluck price-comparing shoppers out of real world aisles? “We think they’ll use the product…wherever they happen to be,” said Amazon’s director of mobile payments. More »

      Tags

      Amazon.com  • retail  • text messaging  • online shopping

  • March 2008
  • February 2008
  • January 2008

    • Retail Scores Big on Unused Gift Cards

      newser  |  New York Times  |  Jan 5, 08 8:20 PM CST

      Retail Scores Big on Unused Gift Cards

      Retailers are likely rubbing their hands with glee after shoppers snapped up $97 billion in gift cards this year, up from $83 billion in 2006. Why the excitement? The industry makes billions each year from “breakage," or gift card money that is never spent. Lost, discarded, or under-used cards amounted to $7.8 billion in “free money” last year, the New York Times reports. More »

      Tags

      website  • retail  • holiday shopping  • Maine  • gifts  • bills

  • December 2007

    • Designer Perfume Profits Give Off Whiff of Decay

      newser  |  Wall Street Journal  |  Dec 24, 07 6:41 PM CST

      Designer Perfume Profits Give Off Whiff of Decay

      Perfume makers keep flooding the market with designer brands, but consumers appear to have had their fill. Global revenue from high-end perfumes—those $100 and up—increased only 3% to $18 billion in 2006 and is expected to slow even more this year, reports the Wall Street Journal. That's while sales for other luxury items are on the rise. "All the new perfumes resemble each other too much," says one consumer. More »

      Tags

      retail  • Chanel  • perfume  • scent  • fragrance

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