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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: retail businesses

retail businesses stories: 11 news summaries

Best Buy Noses Into Online Movie Market

Streaming service will come pre-loaded on gadgets

Nov 3, 09 10:11 AM CST
(Newser) - Best Buy has partnered with online provider CinemaNow to develop a movie downloading service that will come preloaded on the bulk of its Internet-capable electronics. The move follows a 13% slump in DVD sales for the year that has had the company casting about for a new revenue stream. It... More »

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digital downloads • digital video • consumer electronics • Best Buy • online movie rentals • retail businesses • DVDs • CinemaNow

 Women Drive Recovery, 
 But Dissed By Retail 



Biz approach to females: take 'a male product and paint it pink'

Oct 26, 09 2:32 AM CDT
(Newser) - Women who shop til they drop are stimulating the economy more than any Ben Bernanke, but the planet's greatest spending bloc feels dissed by retailers and service providers. Women control $20 trillion in annual consumer spending in the world—a figure likely to climb to $28 trillion by 2014. Despite... More »

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China • retail • shopping • women • consumer spending • world • spending • economy • service sector • retail businesses

UPDATED

 Eddie Bauer Goes Bankrupt 

Formal announcement expected today

Jun 17, 09 1:36 PM CDT
(Newser) - Eddie Bauer filed for Chapter 11 bankruptcy today, the Wall Street Journal reports. The clothing retailer lost $44.5 million in the first quarter and has $187.9 million in long-term debt. Shares plummeted on rumors of the bankruptcy after it failed to convert part of that debt into equity... More »

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retail • bankruptcy • clothing • retail businesses • Eddie Bauer

With Fewer Retail Jobs, More Cheating on Hiring Test

Unicru exam, used by Best Buy and others, unpopular with many job-seekers

Jan 7, 09 9:41 AM CST
(Newser) - Cheat on the personality test many retailers make job applicants take as part of the hiring process and you’ve got one foot in the door—and a lot of company, reports the Wall Street Journal. The computer-administered tests are feeding a growing culture of savvy applicants who share answers,... More »

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Best Buy • retail technology • Circuit City • retail businesses • financial crisis • employment testing • Unicru • Kronos

Best Buy Offers Used
iPhones for $50 Less

Retailer tries to undercut the competition with refurbished handsets

Jan 6, 09 12:09 PM CST
(Newser) - With an eye to newly frugal consumers, Best Buy is offering refurbished iPhone 3Gs for about $50 less than new handsets, Reuters reports. The retailer offers previously owned 8- and 16-gigabyte iPhones (returned in 30 days or less) for $149 and $249, respectively. Best Buy may be trying to undercut... More »

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iPhone • Apple • Best Buy • Wal-Mart • refurbishing • retail businesses • iPhone 3G

(Newser) - Manufacturers have gone on the offensive to stop discounters from selling their products for less than the minimum advertised price they set, reports the Wall Street Journal. But companies like eBay and Costco are pushing for laws to ban the minimum prices. Some retailers, like Circuit City, use workarounds to... More »

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eBay • Costco • online retailers • price fixing • online shopping • retail businesses

 Wary Consumers Spell 
 Trouble for Retailers 

71% miss projections, worst showing since September of 2000

Oct 9, 08 4:42 PM CDT
(Newser) - With the holiday season looming, retailers' only hope may be a genuine Christmas miracle. In reports on last month's business, 71% of retailers missed sales and profits estimates, making it the worst September since data collection began in 2000, MarketWatch reports. Experts widely attributed the dismal numbers to the struggling... More »

MORE ABOUT:
consumer confidence • recession • consumer spending • credit crisis • retail sales • clothing • retail businesses • September

Worried Retailers Call All-Out, and Earlier, Holiday Blitz

Analysts see sales beginning before Thanksgiving in sour economy

Sep 29, 08 10:47 AM CDT
(Newser) - Holiday displays already are popping up—and they’re likely to increase in number and urgency as retailers try to spruce up what’s likely to be the worst Christmas shopping season in years, reports Advertising Age. With 5 fewer days than last year because of a late Thanksgiving, retailers... More »

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Macy's • Victoria's Secret • National Retail Federation • Kohl's • retail businesses

 Steve & Barry's
 Heads to
 Chapter 11 

Deep-discount fashion retailer can't find rescue funding

Jul 9, 08 7:51 AM CDT
(Newser) - Dress-down discount clothing retailer Steve & Barry’s, which launched its first store nearly a quarter-century ago, could file for Chapter 11 bankruptcy protection as early as today after a fruitless search for rescue financing, reports the Wall Street Journal. The trendy retailer could close all of its 275 outlets,... More »

MORE ABOUT:
fashion • Sarah Jessica Parker • retailing • Chapter 11 • retail businesses • Steve & Barry's

MARKETS

 Dismal Day Ends Dismal Week 

Housing, oil continue to pummel equities

May 23, 08 3:34 PM CDT
(Newser) - Stocks fell today, rounding out a gloomy week as the familiar themes of housing malaise and energy costs manifested in widespread big losses, MarketWatch reports. The Dow fell 145.99 to close at 12,479.63, the Nasdaq lost 19.91, settling at 2,444.67, and the S&P... More »

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stock market • housing market • Dow Jones • home sales • Ford • Nasdaq • Department of Labor • existing home sales • S&P 500 • weekly gains • retail businesses • Nordstrom

Will Tax Rebates Boost Economy? Test Starts Today

The government has begun sending out the first cash

Apr 29, 08 7:58 AM CDT
(Newser) - The first tax rebates designed to kick-start the economy should begin arriving in bank accounts today. The Treasury Department has begun sending electronic rebates to nearly 8 million people by the end of this week, and some 130 million checks will go out via snail mail in May. President Bush... More »

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credit card • Treasury Department • Internal Revenue Service • savings • economic stimulus package • tax rebate • economy • retail businesses

11 Stories


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