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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: retail

retail stories: 99 news summaries

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America,
as Defined
by Wal-Mart

With firm grasp on US consumers, snapshot of giant's sales is a self-portrait

Sep 13, 07 4:29 PM CDT
(Newser) - Wal-Mart knows a lot about Americans, courtesy of the 208 million US consumers who shop there every year. ABC News takes a look at the superstore's sales figures and finds a portrait of the nation's changing face and taste. Some highlights: Boxers are tied with briefs; Ohio buys the most... More »

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retail • shopping • consumer • America • Americans • Wal-Mart

Stocks Rise as Traders Find Signs for Optimism

Spending, productivity outpace estimates

Sep 6, 07 4:52 PM CDT
(Newser) - US stocks rose today, Bloomberg reports, boosted by news that back-to-school and luxury shopping outpaced forecasts, along with a spike in worker productivity and a slowdown in labor costs. The Dow climbed 57.88 to 13,363.35. The Nasdaq gained 8.37 to finish at 2,614.32, and... More »

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retail • stocks • consumer products • luxury goods • labor costs • worker efficiency

Credit Crunch Doesn't Dampen Retail Numbers

Luxury, back-to-school shoppers drive August figures up

Sep 6, 07 3:09 PM CDT
(Newser) - Better-than-expected retail sales figures for August, which built on healthy back-to-school and luxury shopping, raised hopes today that turbulent markets won't take too big of a bite out of holiday-season sales. Wal-Mart and Target made out well, as did luxury emporiums such as Saks. "It bodes well for Christmas,... More »

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retail • credit market • credit crisis • back to school • luxury • retail sales

Court Stalls Whole Foods Merger

FTC wins 2 days to argue that $565M
Wild Oats deal would ruin competition

Aug 21, 07 7:18 AM CDT
(Newser) - A federal court issued a temporary injunction yesterday preventing Whole Foods from buying Wild Oats—at least today. The three-judge panel wants extra time to consider the FTC's argument that combining the nation's two largest organic food retailers would destroy competition. The companies will file additional briefs by tomorrow, and... More »

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food • retail • Whole Foods • Wild Oats • acquisition • FTC

Inflation Softened in July

Housing slump, fuel prices weaken spending

Aug 15, 07 9:52 AM CDT
(Newser) - Consumer prices in the US in July rose at the slowest rate in eight months. The housing slump—and fuel costs—have weakened consumer spending considerably, forcing retailers to slash prices, Bloomberg reports.  Prices rose only rose 0.1% in July, as predicted by analysts. Yields of U.S.... More »

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inflation • retail • housing market • Federal Reserve • consumer spending • US economy • consumer prices

Weak Wal-Mart Profits Turn Smiles Upside-Down

Stock dips in early trading on anemic report

Aug 14, 07 10:28 AM CDT
(Newser) - Wal-Mart stock saw its biggest dip in five years in early trading this morning, after Q2 profits rose less than analysts had expected. The Arkansas-based behemoth says full-year profit will total $3.13 a share, 3 cents lighter than its projections: Bloomberg reports that surging gas prices, faltering home sales... More »

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stock market • retail • consumer • stocks • shares • H. Lee Scott • spending • gas prices • mortgage rates • Wal-Mart

Will That Be Credit, Debit,
or Cellphone?

Next-gen tech gives cash-free shoppers more options

Aug 7, 07 4:41 PM CDT
(Newser) - Shoppers in the not-too-distant future may have a new option when they get to the checkout line: their cell phones. Many retailers are warming up to the idea of consumers using "contactless" payment methods—cellphones or cards with a built-in wireless chips that can process transactions with a simple... More »

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retail • cell phones • shopping • bank • credit card • smart card

Wal-Mart Sets Sights on India

Retail behemoth teams up with local biz, hoping to get piece of $300B market

Aug 7, 07 3:18 PM CDT
(Newser) - Wal-Mart will set up shop in the lucrative Indian market for the first time, the Times of London reports. In collaboration with Indian mobile phone company Bharti, the American retail giant will sell wholesale goods to small shops, restaurants, and other businesses. The first "Bharti Wal-Mart" stores are expected... More »

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retail • India • business • US economy • Bharti • farmer • Wal-Mart

Grocery Chain Offers Free
Rx Meds

Publix pharmacies
will dispense 7 antibiotics at no cost

Aug 6, 07 3:17 PM CDT
(Newser) - Pharmacies in Publix supermarkets across five Southern states will distribute seven antibiotics free to patients with prescriptions, the chain said today. The CEO allows that one goal is to drive customer traffic, but it's also an example of the private sector assisting access to affordable health care, the AP reports.... More »

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medicine • health care • retail • pharma • antibiotics • free • Publix • Charlie Crist

Bain Buys Out Guitar Center

Firm strums out $1.9B deal to take
retailer private

Jun 27, 07 5:40 PM CDT
(Newser) - Bain Capital sealed a deal today to buy out Guitar Center, a California-based retail chain specializing in musical instruments, for $1.9 billion. The deal was reached after a secret auction conducted by Goldman Sachs; the private equity firm has recently purchased a slew of publicly traded retailers. The final... More »

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retail • Goldman Sachs • Bain Capital • Guitar Center • buyout • instrument • retail shopping

Dow Closes Down 80.86 on Inflation Scare

Bernanke comment, retail profit warnings contribute to slump

Jun 5, 07 2:55 PM CDT
(Newser) - The Dow fell 80.86 points today, closing at 13,595.46 after companies in the retail sector issued warnings of reduced profits and Fed chairman Ben Bernanke commented that inflation risks are still high. "There are a lot of little things out there that are scaring the market,... More »

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Ben Bernanke • stock market • retail • Federal Reserve • Dow Jones • merger • stocks • corporate • profits • US economy

UK Moves
to Measure Products' Eco-Impact

Labels will allow consumers to compare

May 31, 07 11:58 AM CDT
(Newser) - Calories, fat, sodium ... carbon footprint? The new measurement may soon appear on British product packaging. Under a plan proposed yesterday, the government will develop standards to measure a product's environmental impact from manufacture through shipment and disposal, allowing companies to list the information as they do nutrition facts. Consumers can... More »

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environment • retail • global warming • carbon footprint • United Kingdom • consumer • Britain

Wal-Mart, You're Getting a Dell

Direct-to-consumer giant will get in-store presence at big-box superstar

May 24, 07 1:10 PM CDT
(Newser) - Dell is about to expand beyond its traditional direct-to-consumer sales channels in a big way: by making a deal with Wal-Mart. The struggling computer maker and the world's largest retailer announced today that Wal-Mart and Sam's Club stores will start carrying Dell Dimensions next month. The two exclusive models will... More »

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retail • Dell • Sam's Club • Michael Dell • computer • Wal-Mart • Hewlett-Packard

Small Labels
Are the New Fashion Stars

Trendy, casual designers are edging out the stalwarts

May 18, 07 1:11 PM CDT
(Newser) - Women of all ages are springing for trendier clothes from newer labels, and the fashion industry is scrambling to keep up, the Wall Street Journal reports. The fastest growing segment of the industry is small risk-taking labels that have elevated casual pieces like jeans, t-shirts and  cotton dresses to edgy... More »

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retail • fashion • shopping • consumer • women • marketing • celebrity • clothes • fashion designer

Wal-Mart Posts Record Sales Decline

Drop in business
at megachain
worst in 28 years

May 10, 07 9:10 PM CDT
(Newser) - Wal-Mart reported a 3.5% decline in sales this April, the wost monthly result the retailer has announced in nearly three decades of announcing. The figures, for stores open at least a year, reflect an early Easter, bad weather, and a rejiggered sales calendar that gave Wal-Mart positive numbers in... More »

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retail • shopping • housing market • US economy • Wal-Mart

JCPenney Dominates Online

Apr 30, 07 12:04 PM CDT
(Newser) - The identity of one of the web's largest and most successful retailers may come as a surprise. It's JCPenney, Business Week reports, and it attracted 926,000 paying customers to its website in the first quarter—a number that ranks the 105-year-old company with web giants like eBay, Amazon, and... More »

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Internet • retail • shopping • consumer • online retailers • JCPenney

Small Towns to Chain Stores:
Let Us Shop!

Little places lure big retailers at annual shopping convention

Apr 4, 07 4:24 PM CDT
(Newser) - Small towns and exurbs are bending over backwards to woo national retail chains, Governing magazine reports from the International Council of Shopping Centers' convention. Phalanxes of city reps descend on the dizzingly massive—and cutthroat—annual spring conference in Vegas, attempting to raise their profile and land a Pottery Barn... More »

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retail • Starbucks • International Council of Shopping Centers • shopping • consumer • economics • business • growth • retail shopping

Wal-Mart Drops Out of Bank Biz

Mar 18, 07 10:53 PM CDT
(Newser) -  Wal-Mart has withdrawn its controversial application for a bank charter, ending a potential foray into the retail bank market. The big-box retailer’s plans to set up its own bank had drawn fire from banking and consumer groups, who feared it would stifle competition. The company, for its part,... More »

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retail • Republican • House Financial Services Committee • bank • banking • Wal-Mart

Apple:  America's Best Retailer

Steve Jobs Motto: "Ambush the Customer"

Mar 18, 07 8:44 PM CDT
(Newser) - Jerry Useem summarizes Apple’s unlikely rise as a retailer for Fortune. With sales at its New York store running a staggering $4,000 per square foot (50% higher than Tiffany’s), Apple is the best retailer in America.  More »

MORE ABOUT:
Steve Jobs • retail • United States • Apple • mac • America

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