Retail News: Remember, Customer Service Counts
Some customers feel Home Depot could improve their customer service.
Retail News:Disappointing Back-to-School Season
September looks like a tough month in retail.
September looks like a tough month in retail.
Retail News:
Blockbuster Boom
DVD and video game sales and rentals have helped Blockbuster increase their profits.
Blockbuster Boom
DVD and video game sales and rentals have helped Blockbuster increase their profits.
Retail Tips: Hudson's Bay Co. creating more clothing seasons
The Bay is changing its strategy to carry less inventory, but have new merchandise more often.
The Bay is changing its strategy to carry less inventory, but have new merchandise more often.
Retail News: Buy.com Takes on Amazon with 10 Pct. Book Price Cut
June 25, 2002
SEATTLE (Reuters) - Internet retailer Buy.com Inc. took aim at Amazon.com Inc.'s AMZN.O, top-selling online book store on Tuesday, saying it would beat its larger rival's prices on titles by 10 percent, sending Amazon's shares to a two-month low.
June 25, 2002
SEATTLE (Reuters) - Internet retailer Buy.com Inc. took aim at Amazon.com Inc.'s AMZN.O, top-selling online book store on Tuesday, saying it would beat its larger rival's prices on titles by 10 percent, sending Amazon's shares to a two-month low.
Retail News:Levi Strauss Posts Loss
Faded Levi's?
June 20, 2002
By Michael Kahn
SAN FRANCISCO (Reuters) - Jeans maker Levi Strauss & Co. on Thursday posted a sharp second-quarter loss as sales in the United States and Europe sank but said it remained on target to reverse five years of sliding sales in 2003.
Faded Levi's?
June 20, 2002
By Michael Kahn
SAN FRANCISCO (Reuters) - Jeans maker Levi Strauss & Co. on Thursday posted a sharp second-quarter loss as sales in the United States and Europe sank but said it remained on target to reverse five years of sliding sales in 2003.
Retail News:Irish prov April retail sales up 2.8 pct y/y
June 21, 2002
DUBLIN, June 21 (Reuters) - The value of Ireland's retail sales rose by 1.1 percent in April from March and increased 2.8 percent year-on-year, provisional figures from the Central Statistics Office showed on Friday.
June 21, 2002
DUBLIN, June 21 (Reuters) - The value of Ireland's retail sales rose by 1.1 percent in April from March and increased 2.8 percent year-on-year, provisional figures from the Central Statistics Office showed on Friday.
Trends:Knitting: Not Just for Grandmas Anymore
Who's knitting now? Young professional women, students and men. Check out more on this trend...
June 21, 2002
By Jill Oestreicher Gross
WASHINGTON (Reuters) - Like many young girls, Sarah Pfeiffer first learned to knit when she was 10, but she wasn't prolific until years later, when she was re-taught at 27 by her stepmother during a Thanksgiving holiday.
Who's knitting now? Young professional women, students and men. Check out more on this trend...
June 21, 2002
By Jill Oestreicher Gross
WASHINGTON (Reuters) - Like many young girls, Sarah Pfeiffer first learned to knit when she was 10, but she wasn't prolific until years later, when she was re-taught at 27 by her stepmother during a Thanksgiving holiday.
Retail News:Former Rite Aid Execs Charged with Fraud
June 21, 2002
By Jean Scheidnes
NEW YORK (Reuters) - U.S. officials on Friday charged former executives of Rite Aid Corp. with a slew of criminal charges relating to the largest restatement of earnings in U.S. corporate history.
June 21, 2002
By Jean Scheidnes
NEW YORK (Reuters) - U.S. officials on Friday charged former executives of Rite Aid Corp. with a slew of criminal charges relating to the largest restatement of earnings in U.S. corporate history.
Retail News:Heinz Pushes Organic Ketchup to 'Green' Consumers
June 20, 2002
By Deborah Cohen
CHICAGO (Reuters) - H.J. Heinz Co. is betting the U.S. market is ripe for an organic ketchup with a big brand.
June 20, 2002
By Deborah Cohen
CHICAGO (Reuters) - H.J. Heinz Co. is betting the U.S. market is ripe for an organic ketchup with a big brand.
Retail News:ABCNEWS.com : Recession? Not for These Businesses
Not All of the Economy Has Been Suffering During the Downturn
By Catherine Valenti
June 19 -There's a recession on, but somebody forgot to tell the U.S. consumer.
Indeed, there seems to be no stopping indefatigable American shoppers, who continue to spend on everything from fancy accessories and dining out, to new homes and the stuff that goes in them.
Not All of the Economy Has Been Suffering During the Downturn
By Catherine Valenti
June 19 -There's a recession on, but somebody forgot to tell the U.S. consumer.
Indeed, there seems to be no stopping indefatigable American shoppers, who continue to spend on everything from fancy accessories and dining out, to new homes and the stuff that goes in them.
Retail News:UK retailer Big Food serves up big salaries
June 20, 2002
LONDON, June 20 (Reuters) - Two bosses of Big Food Group, owner of the Iceland frozen food chain, picked up bumper salaries last year despite its dismal performance.
June 20, 2002
LONDON, June 20 (Reuters) - Two bosses of Big Food Group, owner of the Iceland frozen food chain, picked up bumper salaries last year despite its dismal performance.
Retail News:Clothes, furniture boost Canadian retail sales
June 20, 2002
By Rajiv Sekhri
TORONTO, June 20 (Reuters) - Canadian consumers bought more clothes and furniture in April, boosting retail sales, one of the strongest sectors of the economy, after two relatively weak months, Statistics Canada said on Thursday.
June 20, 2002
By Rajiv Sekhri
TORONTO, June 20 (Reuters) - Canadian consumers bought more clothes and furniture in April, boosting retail sales, one of the strongest sectors of the economy, after two relatively weak months, Statistics Canada said on Thursday.
Retail News: Sears Canada buys Vogue brassiere brand
Wednesday, June 19, 2002
Sears Canada Inc. has bought the brands and trademarks of bankrupt bra maker Vogue Brassiere Inc. so it can continue to sell the product in its stores.
Wednesday, June 19, 2002
Sears Canada Inc. has bought the brands and trademarks of bankrupt bra maker Vogue Brassiere Inc. so it can continue to sell the product in its stores.
Retail News:England World Cup fans in retail orgy
June 19, 2002
By Elaine Hardcastle
LONDON (Reuters) - As England prepares for its quarter-final World Cup clash against Brazil, shopkeepers are also scoring as the nation snacks and guzzles its way through the tournament and splurges on patriotic merchandise.
June 19, 2002
By Elaine Hardcastle
LONDON (Reuters) - As England prepares for its quarter-final World Cup clash against Brazil, shopkeepers are also scoring as the nation snacks and guzzles its way through the tournament and splurges on patriotic merchandise.
Retail News:Retail Sales Rise, Industry Picture Mixed
June 18, 2002
By Pedro Nicolaci da Costa
NEW YORK (Reuters) - Sales at U.S. chain stores rose last week as warmer weather enticed shoppers out to stores and shopping malls, but discounters performed better than department stores across the country, two reports showed on Tuesday.
June 18, 2002
By Pedro Nicolaci da Costa
NEW YORK (Reuters) - Sales at U.S. chain stores rose last week as warmer weather enticed shoppers out to stores and shopping malls, but discounters performed better than department stores across the country, two reports showed on Tuesday.
Retail News:Supersize Food Means Supersize Waistlines, Report Says
June 18, 2002
By Maggie Fox, Health and Science Correspondent
WASHINGTON (Reuters) - Those supersize portions at convenience stores and fast food outlets may look like bargains, but they cost Americans billions of dollars in obesity-related illnesses, consumer and health groups said on Tuesday.
June 18, 2002
By Maggie Fox, Health and Science Correspondent
WASHINGTON (Reuters) - Those supersize portions at convenience stores and fast food outlets may look like bargains, but they cost Americans billions of dollars in obesity-related illnesses, consumer and health groups said on Tuesday.
Retail News:Home Depot says sales policy not to skirt rules
June 18, 2002
ATLANTA, June 18 (Reuters) - Home Depot Inc. on Tuesday said a policy against sales to the federal government was not designed to skirt U.S. anti-discrimination rules and was meant to cut down on paperwork.
June 18, 2002
ATLANTA, June 18 (Reuters) - Home Depot Inc. on Tuesday said a policy against sales to the federal government was not designed to skirt U.S. anti-discrimination rules and was meant to cut down on paperwork.
Business News: B.C. unemployment worsens in May
The jobless rate may have improved across Canada, but B.C. continues to struggle.
Vancouver - The B.C. jobless rate has taken a big jump. The unemployment rate in this province was 9.5 per cent last month, up from 8.7 per cent in April.
The jobless rate may have improved across Canada, but B.C. continues to struggle.
Vancouver - The B.C. jobless rate has taken a big jump. The unemployment rate in this province was 9.5 per cent last month, up from 8.7 per cent in April.
Retail News: French hypermarket, supermarket sales rose in May
June 06, 2002
PARIS, June 6 (Reuters) - French hypermarket sales rose 1.2 percent in May and supermarket sales rose 2.7 percent versus May 2001, France's FCD retail federation said on Thursday.
June 06, 2002
PARIS, June 6 (Reuters) - French hypermarket sales rose 1.2 percent in May and supermarket sales rose 2.7 percent versus May 2001, France's FCD retail federation said on Thursday.
Retail News: Away on Business: Movies on the move
June 06, 2002
By Michael Conlon
CHICAGO, June 6 (Reuters) - For today's air traveler, often forced by tight security to spend more time inside airports, movies are better than ever.
June 06, 2002
By Michael Conlon
CHICAGO, June 6 (Reuters) - For today's air traveler, often forced by tight security to spend more time inside airports, movies are better than ever.
Retail News: May Retail Sales Disappoint
June 06, 2002
By Jean Scheidnes
NEW YORK (Reuters) - Cold, rainy weather in May dampened U.S. retail sales, especially of summer apparel, and analysts said a cloudy economic picture will keep demand down even as temperatures rise.
June 06, 2002
By Jean Scheidnes
NEW YORK (Reuters) - Cold, rainy weather in May dampened U.S. retail sales, especially of summer apparel, and analysts said a cloudy economic picture will keep demand down even as temperatures rise.
Retail News: PluggedIn: Hong Kong embraces the Octopus card
June 04, 2002
By Tony Munroe
HONG KONG, June 4 (Reuters) - For years, the notion of a cashless society has been a futurist's dream deferred almost everywhere -- except, to some extent, in Hong Kong.
June 04, 2002
By Tony Munroe
HONG KONG, June 4 (Reuters) - For years, the notion of a cashless society has been a futurist's dream deferred almost everywhere -- except, to some extent, in Hong Kong.
Retail News: May Retail Sales Seen Dampened by Weather
June 04, 2002
By Jean Scheidnes
NEW YORK (Reuters) - Same-store sales for most U.S. retailers will be depressed by May's unseasonably cold, wet weather, and industry analysts say second-quarter earnings could be at risk if temperatures and sales don't pick up.
June 04, 2002
By Jean Scheidnes
NEW YORK (Reuters) - Same-store sales for most U.S. retailers will be depressed by May's unseasonably cold, wet weather, and industry analysts say second-quarter earnings could be at risk if temperatures and sales don't pick up.
Retail News: Amazon.com plans Canadian Web site
By MARINA STRAUSS
RETAILING REPORTER
Saturday, June 1, 2002
Amazon.com Inc. plans to launch a Canadian on-line site on June 25, a move that is haltingly welcomed by domestic publishers but could squeeze the Indigo/Chapters e-commerce business, sources say.
By MARINA STRAUSS
RETAILING REPORTER
Saturday, June 1, 2002
Amazon.com Inc. plans to launch a Canadian on-line site on June 25, a move that is haltingly welcomed by domestic publishers but could squeeze the Indigo/Chapters e-commerce business, sources say.
Business News: Sleepy German town bets on World Cup fever
May 29, 2002
By Jess Smee
FRANKFURT (Reuters) - Far away from the World Cup floodlights, a sleepy Bavarian town has a vested interest in the success of the world's biggest footballing spectacle.
May 29, 2002
By Jess Smee
FRANKFURT (Reuters) - Far away from the World Cup floodlights, a sleepy Bavarian town has a vested interest in the success of the world's biggest footballing spectacle.
Retail News: Holiday Fails to Lift Retail Sales-Reports
May 29, 2002
NEW YORK (Reuters) - The Memorial Day holiday failed to draw consumers to U.S. chain stores last week, with poor weather helping to knock sales lower on the week, two reports showed Wednesday.
May 29, 2002
NEW YORK (Reuters) - The Memorial Day holiday failed to draw consumers to U.S. chain stores last week, with poor weather helping to knock sales lower on the week, two reports showed Wednesday.
Retail News: McDonald's exploring non-food retailing
May 29, 2002
By Vivian Chu
NEW YORK, May 29 (Reuters) - Fast-food giant McDonald's Corp. is exploring the idea of selling non-food items in its restaurants to drive up sales beyond its mainstay hamburgers, fries and soft drinks, a spokesman said on Wednesday.
May 29, 2002
By Vivian Chu
NEW YORK, May 29 (Reuters) - Fast-food giant McDonald's Corp. is exploring the idea of selling non-food items in its restaurants to drive up sales beyond its mainstay hamburgers, fries and soft drinks, a spokesman said on Wednesday.
Retail News: Kmart Targets Old Customers with Promos
May 28, 2002
CHICAGO (Reuters) - Bankrupt retailer Kmart Corp., which suffered a 16.4 percent drop in its same-store sales in April, on Tuesday said it will use marketing tactics like celebrity appearances and discounts on Pepsi and Doritos to try to lure old customers back into its stores.
May 28, 2002
CHICAGO (Reuters) - Bankrupt retailer Kmart Corp., which suffered a 16.4 percent drop in its same-store sales in April, on Tuesday said it will use marketing tactics like celebrity appearances and discounts on Pepsi and Doritos to try to lure old customers back into its stores.
Retail News: Wal-Mart, Federated sales on track; Penney muted
May 28, 2002
NEW YORK, May 28 (Reuters) - Wal-Mart Stores Inc. , the world's largest retailer, said on Tuesday that last week's U.S. sales met its expectations, but demand for seasonal items like automotive parts was somewhat disappointing.
May 28, 2002
NEW YORK, May 28 (Reuters) - Wal-Mart Stores Inc. , the world's largest retailer, said on Tuesday that last week's U.S. sales met its expectations, but demand for seasonal items like automotive parts was somewhat disappointing.
Retail News: US holiday weekend gasoline price lowest in 3 yrs
May 28, 2002
By Tom Doggett
WASHINGTON, May 28 (Reuters) - U.S. drivers returning from the Memorial Day holiday weekend that kicks off summer got a break as retail gasoline prices fell a penny per gallon from last week to average $1.387, the Energy Department said on Tuesday.
May 28, 2002
By Tom Doggett
WASHINGTON, May 28 (Reuters) - U.S. drivers returning from the Memorial Day holiday weekend that kicks off summer got a break as retail gasoline prices fell a penny per gallon from last week to average $1.387, the Energy Department said on Tuesday.
Retail News: Mexico Walmex probed on competition complaint-source
May 28, 2002
MONTERREY, Mexico, May 28 (Reuters) - Mexican anti-trust watchdogs are investigating retail powerhouse Wal-Mart de Mexico (Walmex) for possible non-competitive practices, a source said on Tuesday.
May 28, 2002
MONTERREY, Mexico, May 28 (Reuters) - Mexican anti-trust watchdogs are investigating retail powerhouse Wal-Mart de Mexico (Walmex) for possible non-competitive practices, a source said on Tuesday.
Business News:Canadians rock
At this year's International Contemporary Furniture Fair in New York, the tiny Canuck contingent was the wow of the show. And if most of them weren't advertising their northern roots, they weren't hiding them either. Today, they say, Canadian has come to mean quality
By SHEREE-LEE OLSON
Saturday, May 25, 2002
NEW YORK -- Canadians are experts at cultural infiltration -- just ask Hollywood. It's always been a clever career move to blend in with our neighbours to the south. But at this week's International Contemporary Furniture Fair in New York, no one could fail to notice that it was a Canadian company taking home top honours for the second year in a row.
At this year's International Contemporary Furniture Fair in New York, the tiny Canuck contingent was the wow of the show. And if most of them weren't advertising their northern roots, they weren't hiding them either. Today, they say, Canadian has come to mean quality
By SHEREE-LEE OLSON
Saturday, May 25, 2002
NEW YORK -- Canadians are experts at cultural infiltration -- just ask Hollywood. It's always been a clever career move to blend in with our neighbours to the south. But at this week's International Contemporary Furniture Fair in New York, no one could fail to notice that it was a Canadian company taking home top honours for the second year in a row.
Retail News:Mail Order Booming, but No Panacea for Drug Costs
May 24, 2002
By Karen Pallarito
NEW YORK (Reuters Health) - More Americans than ever are using mail-service pharmacies to fill prescriptions for "maintenance medications" used to treat chronic problems, such as allergy, arthritis and high cholesterol.
May 24, 2002
By Karen Pallarito
NEW YORK (Reuters Health) - More Americans than ever are using mail-service pharmacies to fill prescriptions for "maintenance medications" used to treat chronic problems, such as allergy, arthritis and high cholesterol.
Retail News:Japan Retail Sales Dip, but Outlook Brightens
May 27, 2002
By Yoko Nishikawa
TOKYO (Reuters) - Japanese retail sales fell for a 13th straight month in April, dropping 4.1 percent from a year ago as frozen wages, a tough job market and unseasonal weather took a toll on consumer spending.
May 27, 2002
By Yoko Nishikawa
TOKYO (Reuters) - Japanese retail sales fell for a 13th straight month in April, dropping 4.1 percent from a year ago as frozen wages, a tough job market and unseasonal weather took a toll on consumer spending.
Retail News: Tim Hortons poised to pass McDonald's
By RICHARD BLOOM
Friday, May 24, 2002
Step aside, Ronald McDonald, Tim Hortons says it is poised to overtake Canada's fast-food king.
Canadians are choosing doughnuts and coffee over Big Macs and fries, and Tim Hortons says that will lead, by the end of the year, to higher sales than those of its key rival in this country, McDonald's Restaurants of Canada Ltd.
By RICHARD BLOOM
Friday, May 24, 2002
Step aside, Ronald McDonald, Tim Hortons says it is poised to overtake Canada's fast-food king.
Canadians are choosing doughnuts and coffee over Big Macs and fries, and Tim Hortons says that will lead, by the end of the year, to higher sales than those of its key rival in this country, McDonald's Restaurants of Canada Ltd.
Retail News: Little-known retailer Kohl's tops giants' growth
May 24, 2002
By Michael Erman
NEW YORK, May 24 (Reuters) - Pop quiz: Name the retailer that's led in stock market gains among general merchandise stores over the past 10 years.
May 24, 2002
By Michael Erman
NEW YORK, May 24 (Reuters) - Pop quiz: Name the retailer that's led in stock market gains among general merchandise stores over the past 10 years.
Technology Trends: New Robot Sings Baby Lullabies, Delivers Drinks
May 24, 2002
By Ben Berkowitz
LOS ANGELES (Reuters) - Imagine having your laptop fetch a beer from the refrigerator and then roll over to the baby's room to sing a lullaby while e-mailing snapshots to grandma a thousand miles away.
May 24, 2002
By Ben Berkowitz
LOS ANGELES (Reuters) - Imagine having your laptop fetch a beer from the refrigerator and then roll over to the baby's room to sing a lullaby while e-mailing snapshots to grandma a thousand miles away.
Retail News: Krispy Kreme quarterly profits, sales jump
May 23, 2002
By Mike Miller
CHICAGO, May 23 (Reuters) - Krispy Kreme Doughnuts Inc., whose trademark hot glazed doughnuts have swept across the United States since the company went public two years ago, said on Thursday first-quarter profits jumped 55 percent, boosted by sales at newer stores.
May 23, 2002
By Mike Miller
CHICAGO, May 23 (Reuters) - Krispy Kreme Doughnuts Inc., whose trademark hot glazed doughnuts have swept across the United States since the company went public two years ago, said on Thursday first-quarter profits jumped 55 percent, boosted by sales at newer stores.
Business News: Economy Back on Firmer Footing, Data Shows
May 23, 2002
By Anna Willard
WASHINGTON (Reuters) - Worries about a double-dip U.S. recession faded on Thursday as two government reports showed businesses splurging on new equipment in April while fewer workers signed up for unemployment benefits last week.
May 23, 2002
By Anna Willard
WASHINGTON (Reuters) - Worries about a double-dip U.S. recession faded on Thursday as two government reports showed businesses splurging on new equipment in April while fewer workers signed up for unemployment benefits last week.
Retail News: Kmart Has $1 Billion Loss in April
May 23, 2002
By Anna Driver
CHICAGO (Reuters) - Bankrupt discount chain Kmart Corp. on Thursday reported a loss of $1.02 billion in April as the number of customers shopping in its stores dropped in the month.
May 23, 2002
By Anna Driver
CHICAGO (Reuters) - Bankrupt discount chain Kmart Corp. on Thursday reported a loss of $1.02 billion in April as the number of customers shopping in its stores dropped in the month.
Retail News: Polo Profit Flat, Shares Sink on Outlook
May 22, 2002
By Ellis Mnyandu
NEW YORK (Reuters) - Polo Ralph Lauren Corp. on Wednesday posted a quarterly profit that was unchanged from a year ago, but its shares fell 9 percent on concerns that the earnings outlook for the upscale clothing designer and retailer is too dependent on a rebound in the second half of the year.
May 22, 2002
By Ellis Mnyandu
NEW YORK (Reuters) - Polo Ralph Lauren Corp. on Wednesday posted a quarterly profit that was unchanged from a year ago, but its shares fell 9 percent on concerns that the earnings outlook for the upscale clothing designer and retailer is too dependent on a rebound in the second half of the year.
Retail News: Livewire: Consumers Still Wary of Online Shopping
May 22, 2002
By Dick Satran
NEW YORK (Reuters) - A consumer's chance of losing money in online shopping has sunk to near zero, but Internet users are still extremely concerned about putting their wallets online.
May 22, 2002
By Dick Satran
NEW YORK (Reuters) - A consumer's chance of losing money in online shopping has sunk to near zero, but Internet users are still extremely concerned about putting their wallets online.
Retail News: Gap Shares Drop After CEO's Resignation
May 22, 2002
By Jean Scheidnes
NEW YORK (Reuters) - Shares of Gap Inc. fell 15 percent on Wednesday as uncertainty swirled around the apparel giant the day after Chief Executive Millard "Mickey" Drexler's surprise announcement that he will retire.
May 22, 2002
By Jean Scheidnes
NEW YORK (Reuters) - Shares of Gap Inc. fell 15 percent on Wednesday as uncertainty swirled around the apparel giant the day after Chief Executive Millard "Mickey" Drexler's surprise announcement that he will retire.
Retail News: Weather Dampens Sales at Chain Stores
May 21, 2002
By Pedro Nicolaci da Costa
NEW YORK (Reuters) - Persistent cold and rainy weather in many parts of the country last week crimped sales of spring merchandise at U.S. chain stores, leaving overall sales mostly unchanged for the week, two reports showed on Tuesday.
May 21, 2002
By Pedro Nicolaci da Costa
NEW YORK (Reuters) - Persistent cold and rainy weather in many parts of the country last week crimped sales of spring merchandise at U.S. chain stores, leaving overall sales mostly unchanged for the week, two reports showed on Tuesday.
Retail News:< Home Depot Profit Rises, but Stock Falls
May 21, 2002
By Karen Jacobs
ATLANTA (Reuters) - Home Depot Inc. the world's largest home-improvement retailer, said on Tuesday quarterly earnings rose a sharper than expected 35 percent on cost cuts and an early start to the spring lawn and garden season.
May 21, 2002
By Karen Jacobs
ATLANTA (Reuters) - Home Depot Inc. the world's largest home-improvement retailer, said on Tuesday quarterly earnings rose a sharper than expected 35 percent on cost cuts and an early start to the spring lawn and garden season.
Retail News: Staples Profits Jump, Shares Surge
May 21, 2002
By Ellis Mnyandu
NEW YORK (Reuters) - Office products retailer Staples Inc. on Tuesday said quarterly earnings more than doubled as it cut costs, rolled-out a new store format and boosted sales of profitable items like photo printing paper and inks.
May 21, 2002
By Ellis Mnyandu
NEW YORK (Reuters) - Office products retailer Staples Inc. on Tuesday said quarterly earnings more than doubled as it cut costs, rolled-out a new store format and boosted sales of profitable items like photo printing paper and inks.
Retail News: Target Profits Up, Outlook Cautious
May 21, 2002
By Anna Driver
CHICAGO (Reuters) - Target Corp. on Tuesday reported quarterly income rose 36 percent on improved profit margins as well as higher sales of household staples and trendy but cheap clothes at its Target discount stores.
May 21, 2002
By Anna Driver
CHICAGO (Reuters) - Target Corp. on Tuesday reported quarterly income rose 36 percent on improved profit margins as well as higher sales of household staples and trendy but cheap clothes at its Target discount stores.
Retail News: Lowe's Posts Profit Rise, Raises Outlook
By REUTERS
Filed at 4:46 p.m. ET
ATLANTA (Reuters) - Lowe's Cos. on Monday reported a 54 percent jump in quarterly earnings as it opened stores in bigger markets and consumers took advantage of low interest rates to finance home improvements.
By REUTERS
Filed at 4:46 p.m. ET
ATLANTA (Reuters) - Lowe's Cos. on Monday reported a 54 percent jump in quarterly earnings as it opened stores in bigger markets and consumers took advantage of low interest rates to finance home improvements.
Retail News:Amazon II: Will This Smile Last?
By LESLIE KAUFMAN
Jeff Bezos is feeling a tad cocky lately. That might seem like a dog-bites-man observation for the founder of Amazon.com, a man so obsessed with brain power that he started a science-and-literature summer school for children after his freshman year at Princeton and once hired only college graduates to staff the customer-service phone lines at his company.
By LESLIE KAUFMAN
Jeff Bezos is feeling a tad cocky lately. That might seem like a dog-bites-man observation for the founder of Amazon.com, a man so obsessed with brain power that he started a science-and-literature summer school for children after his freshman year at Princeton and once hired only college graduates to staff the customer-service phone lines at his company.
Retail News:Strip Centers Turning to Nonretail Tenants
Strip Centers Turning to Nonretail Tenants
By CAROLE PAQUETTE
In attempting to stave off high vacancy rates, strip shopping centers in Suffolk County, which proliferate along its most traveled roads, are changing their appearance. Many of the strips, which average 15,000 square feet, have had to look for nonretail tenants to survive.
Strip Centers Turning to Nonretail Tenants
By CAROLE PAQUETTE
In attempting to stave off high vacancy rates, strip shopping centers in Suffolk County, which proliferate along its most traveled roads, are changing their appearance. Many of the strips, which average 15,000 square feet, have had to look for nonretail tenants to survive.
Retail News: TIME.com: Recharging Sears
Hooking up with Lands' End, the old store buys into a new idea: multichannel retailing. Will it work?
BY MARYANNE MURRAY BUECHNER
Hooking up with Lands' End, the old store buys into a new idea: multichannel retailing. Will it work?
BY MARYANNE MURRAY BUECHNER
Tourism Trends: Terror, dollar curb Canadians' wanderlust
Canadian Press
Montreal - Seventy per cent of Canadians plan to spend their summer vacation in Canada this year compared with 12 per cent whose destination was the United States, an opinion poll suggests.
Canadian Press
Montreal - Seventy per cent of Canadians plan to spend their summer vacation in Canada this year compared with 12 per cent whose destination was the United States, an opinion poll suggests.
Retail News:
What's in a name? Lots, if you're a retailer
By MARINA STRAUSS
Friday, May 17, 2002
Mossimo is a hot fashion brand south of the border and, surprisingly, it's available only at a discount chain called Target.
But Target isn't just any discount chain. It's one that has become so stylish that regulars refer to it as "Tar-zhay," pronouncing it with a French accent to give it the flair it has earned.
What's in a name? Lots, if you're a retailer
By MARINA STRAUSS
Friday, May 17, 2002
Mossimo is a hot fashion brand south of the border and, surprisingly, it's available only at a discount chain called Target.
But Target isn't just any discount chain. It's one that has become so stylish that regulars refer to it as "Tar-zhay," pronouncing it with a French accent to give it the flair it has earned.
Retail News:FBI investigating Kmart documents
ASSOCIATED PRESS
DETROIT, May 16
The Federal Bureau of Investigations is reviewing Kmart Corp. documents as part of an investigation into possible criminal violations at the bankrupt company.
ASSOCIATED PRESS
DETROIT, May 16
The Federal Bureau of Investigations is reviewing Kmart Corp. documents as part of an investigation into possible criminal violations at the bankrupt company.
Business News:Consumer Sentiment Hits 1-1/2 Year High in May
May 17, 2002
By Ross Finley
NEW YORK (Reuters) - U.S. consumer sentiment rose in early May to its highest level in 1-1/2 years as improvement in the stock market, better economic reports and relative calm in the Mideast lifted consumers' spirits.
May 17, 2002
By Ross Finley
NEW YORK (Reuters) - U.S. consumer sentiment rose in early May to its highest level in 1-1/2 years as improvement in the stock market, better economic reports and relative calm in the Mideast lifted consumers' spirits.
Trends: "One of the greatest assets of beef has been its popularity as steak, but we need to merchandise the rest of the animal" - Wythe Willey, President, National Cattlemen's Beef Association
Chicago kitchen is changing the look of beef
May 15, 2002
By Bob Burgdorfer
CHICAGO, May 15 (Reuters) - Beef may be what's for dinner, according to the popular TV ad, but in the future it may be for breakfast, lunch and snacks too.
Chicago kitchen is changing the look of beef
May 15, 2002
By Bob Burgdorfer
CHICAGO, May 15 (Reuters) - Beef may be what's for dinner, according to the popular TV ad, but in the future it may be for breakfast, lunch and snacks too.
Retail News: Religious-themed merchandise is big business.
Livewire: Finding Religious Supplies on the Web
May 15, 2002
By Christian Wiessner
NEW YORK (Reuters) - Keeping spiritual faith and observing religion in the ancient ways of their ancestors is done with sacred devotion by many people.
Livewire: Finding Religious Supplies on the Web
May 15, 2002
By Christian Wiessner
NEW YORK (Reuters) - Keeping spiritual faith and observing religion in the ancient ways of their ancestors is done with sacred devotion by many people.
Retail News: Kmart posts big loss in '01, to restate 3 quarters
May 15, 2002
By Anna Driver
CHICAGO, Mich, May 15 (Reuters) - Bankrupt Kmart Corp. on Wednesday said its loss ballooned to $2.42 billion in 2001 and said it would restate the first three quarters of that year after closing the books on an accounting investigation.
May 15, 2002
By Anna Driver
CHICAGO, Mich, May 15 (Reuters) - Bankrupt Kmart Corp. on Wednesday said its loss ballooned to $2.42 billion in 2001 and said it would restate the first three quarters of that year after closing the books on an accounting investigation.
Retail News: Wal-Mart, J.C. Penney Profits Up
May 14, 2002
By Anna Driver
CHICAGO (Reuters) - Major U.S. retail chains -- including No. 1 Wal-Mart -- reported higher quarterly earnings on Tuesday, suggesting the sector was recovering from the U.S. recession and mirroring new government data showing a booming retail business in April.
May 14, 2002
By Anna Driver
CHICAGO (Reuters) - Major U.S. retail chains -- including No. 1 Wal-Mart -- reported higher quarterly earnings on Tuesday, suggesting the sector was recovering from the U.S. recession and mirroring new government data showing a booming retail business in April.
Retail News: COVER STORY: Get over it
Shopping Center World, May 1, 2002
The economic boom of the 1990s left the nation's retail industry with a shopping hangover - consumers spent themselves into a frenzy and developers built lots of new space to fill retailers' expansion plans.
Shopping Center World, May 1, 2002
The economic boom of the 1990s left the nation's retail industry with a shopping hangover - consumers spent themselves into a frenzy and developers built lots of new space to fill retailers' expansion plans.
Retail News: Retail Sales Up 1.2%, Best in 6 Months
From Associated Press
Economy: The powerful spending last month came despite an unemployment rate that hit an eight-year high of 6 percent at the same time.
WASHINGTON -- After a tightfisted March, U.S. consumers splurged in April and pushed retail sales up by 1.2 percent, the biggest increase in six months.
From Associated Press
Economy: The powerful spending last month came despite an unemployment rate that hit an eight-year high of 6 percent at the same time.
WASHINGTON -- After a tightfisted March, U.S. consumers splurged in April and pushed retail sales up by 1.2 percent, the biggest increase in six months.
Business News: Levis: Made in China?
Dara Colwell, AlterNet
May 9, 2002
Last month, Levi Strauss & Company, a brand practically synonymous with the U.S.A., decided to shutter virtually all domestic production and shift its manufacturing overseas. While news of the layoffs -- roughly 22 percent of Levi's global workforce -- resounded heavily across the worn wooden floors of Levi's San Francisco headquarters, the halt is also bad news for America's textile industry. More than just closing shop, Levi's failure to manufacture on home turf reflects a sobering reality for the industry. This is the final death knell of a decades-long lament.
Dara Colwell, AlterNet
May 9, 2002
Last month, Levi Strauss & Company, a brand practically synonymous with the U.S.A., decided to shutter virtually all domestic production and shift its manufacturing overseas. While news of the layoffs -- roughly 22 percent of Levi's global workforce -- resounded heavily across the worn wooden floors of Levi's San Francisco headquarters, the halt is also bad news for America's textile industry. More than just closing shop, Levi's failure to manufacture on home turf reflects a sobering reality for the industry. This is the final death knell of a decades-long lament.
Retail News: Martha Stewart taps Sears as Canadian retail partner
May 13, 2002
By Jean Scheidnes
NEW YORK, May 13 (Reuters) - Martha Stewart Living Omnimedia Inc., the media and merchandising company headed by style guru Martha Stewart, on Monday said Sears Canada Inc. will become the exclusive Canadian retailer for Martha Stewart Everyday home and garden products.
May 13, 2002
By Jean Scheidnes
NEW YORK, May 13 (Reuters) - Martha Stewart Living Omnimedia Inc., the media and merchandising company headed by style guru Martha Stewart, on Monday said Sears Canada Inc. will become the exclusive Canadian retailer for Martha Stewart Everyday home and garden products.
Retail News: Nintendo to Launch Online for GameCube This Fall
May 13, 2002
REDMOND, Wash. (Reuters) - The U.S. arm of video game maker Nintendo Co. Ltd. said on Monday it will introduce an online element for its GameCube console this fall, making it the last of the three major video game hardware makers to enter that still-developing market.
May 13, 2002
REDMOND, Wash. (Reuters) - The U.S. arm of video game maker Nintendo Co. Ltd. said on Monday it will introduce an online element for its GameCube console this fall, making it the last of the three major video game hardware makers to enter that still-developing market.
Retail News: Sears to Buy Lands' End for $1.9 Billion
May 13, 2002
By Anna Driver
CHICAGO (Reuters) - Sears, Roebuck and Co. S.N , which pioneered mail-order retailing more than a century ago, said on Monday it will buy Lands' End Inc. LE.N , the largest catalog and Internet specialty clothing retailer, for about $1.9 billion in cash, in a bid to revive its laggard apparel business.
May 13, 2002
By Anna Driver
CHICAGO (Reuters) - Sears, Roebuck and Co. S.N , which pioneered mail-order retailing more than a century ago, said on Monday it will buy Lands' End Inc. LE.N , the largest catalog and Internet specialty clothing retailer, for about $1.9 billion in cash, in a bid to revive its laggard apparel business.
Retail News: Eatons employees continue legal fight as the end draws near for firm
By MARINA STRAUSS
Friday, May 3, 2002
It's been almost three years since Eatons slid into bankruptcy, shut most stores and sold its best assets to Sears Canada, which this summer will draw the curtains on the last seven stores.
But behind the scenes remain thousands of former Eatons employees with millions of dollars of yet-to-be-paid claims against the remnants of the former retailing legend.
By MARINA STRAUSS
Friday, May 3, 2002
It's been almost three years since Eatons slid into bankruptcy, shut most stores and sold its best assets to Sears Canada, which this summer will draw the curtains on the last seven stores.
But behind the scenes remain thousands of former Eatons employees with millions of dollars of yet-to-be-paid claims against the remnants of the former retailing legend.
Retail News: Some retailers watching your every move
By JOHN HEINZL
Friday, May 3, 2002
Big Brother is watching you. He'd especially like to know why you passed over the Corn Flakes and bought that box of Cap'n Crunch.
Taking consumer research to a new extreme, a small but growing number of retailers down south are using hidden video cameras and microphones to track the consumer's every move. The goal isn't to catch shoplifters but to provide clues about why certain products sell and others flop.
By JOHN HEINZL
Friday, May 3, 2002
Big Brother is watching you. He'd especially like to know why you passed over the Corn Flakes and bought that box of Cap'n Crunch.
Taking consumer research to a new extreme, a small but growing number of retailers down south are using hidden video cameras and microphones to track the consumer's every move. The goal isn't to catch shoplifters but to provide clues about why certain products sell and others flop.
Retail Technology: Privacy Risks Grow With Wireless Tech
By THE ASSOCIATED PRESS
NEW YORK (AP) -- Wireless networks are appearing with increased frequency at coffee shops, colleges and even retail stores, and their popularity is raising concerns about threats to privacy.
By THE ASSOCIATED PRESS
NEW YORK (AP) -- Wireless networks are appearing with increased frequency at coffee shops, colleges and even retail stores, and their popularity is raising concerns about threats to privacy.
Retail News: Kmart Probing Activities of Ex - Execs
By THE ASSOCIATED PRESS
NEW YORK (AP) -- Bankrupt Kmart Corp. is investigating the way the company was managed under former chief executive Charles Conaway, and has suspended severance payments to several former executives.
By THE ASSOCIATED PRESS
NEW YORK (AP) -- Bankrupt Kmart Corp. is investigating the way the company was managed under former chief executive Charles Conaway, and has suspended severance payments to several former executives.
Retail News: Pillowtex bankruptcy plan approved by court
May 02, 2002 12:49 PM ET
KANNAPOLIS, N.C., May 2 (Reuters) - Pillowtex Corp. on Thursday said a judge approved its reorganization plan, clearing the way for the maker of Cannon and Fieldcrest towels to emerge from bankruptcy by June 30, a rare bright spot in the depressed U.S. textile industry.
May 02, 2002 12:49 PM ET
KANNAPOLIS, N.C., May 2 (Reuters) - Pillowtex Corp. on Thursday said a judge approved its reorganization plan, clearing the way for the maker of Cannon and Fieldcrest towels to emerge from bankruptcy by June 30, a rare bright spot in the depressed U.S. textile industry.
Retail News: Large Washington DC retail project begins in July
May 02, 2002 03:10 PM ET
WASHINGTON, May 2 (Reuters) - Work will start in July on retail-starved Washington's largest new shopping and entertainment development after the city recently sold $74 million tax-free bonds for the $275 million project, a city spokeswoman said on Thursday.
May 02, 2002 03:10 PM ET
WASHINGTON, May 2 (Reuters) - Work will start in July on retail-starved Washington's largest new shopping and entertainment development after the city recently sold $74 million tax-free bonds for the $275 million project, a city spokeswoman said on Thursday.
Retail News: Healthier sales a tonic for Shoppers Drug earnings
May 02, 2002 05:00 PM ET
TORONTO, May 2 (Reuters) - Shoppers Drug Mart, Canada's largest drugstore chain, said on Thursday its first-quarter profit beat expectations, bolstered by solid prescription sales and a leaner cost structure.
May 02, 2002 05:00 PM ET
TORONTO, May 2 (Reuters) - Shoppers Drug Mart, Canada's largest drugstore chain, said on Thursday its first-quarter profit beat expectations, bolstered by solid prescription sales and a leaner cost structure.
Retail News: J.Crew CEO Mark Sarvary leaves company
May 01, 2002 02:28 PM ET
NEW YORK, May 1 (Reuters) - J.Crew Group Inc., a privately held retailer and cataloger of apparel and accessories, on Wednesday said Chief Executive Officer Mark Sarvary has left the struggling company, effective immediately, and will no longer serve as a member of the board.
May 01, 2002 02:28 PM ET
NEW YORK, May 1 (Reuters) - J.Crew Group Inc., a privately held retailer and cataloger of apparel and accessories, on Wednesday said Chief Executive Officer Mark Sarvary has left the struggling company, effective immediately, and will no longer serve as a member of the board.
Retail News: Newell Rubbermaid Posts Loss
May 01, 2002 05:14 PM ET
By Brad Dorfman
CHICAGO (Reuters) - Newell Rubbermaid Inc., maker of household and business products, posted a quarterly loss of nearly half a billion dollars due to an accounting change that forced it to write down the value of some assets, though earnings before charges beat estimates.
May 01, 2002 05:14 PM ET
By Brad Dorfman
CHICAGO (Reuters) - Newell Rubbermaid Inc., maker of household and business products, posted a quarterly loss of nearly half a billion dollars due to an accounting change that forced it to write down the value of some assets, though earnings before charges beat estimates.
Retail News: Kmart May Restate 2001 Results
May 01, 2002 04:36 PM ET
By Anna Driver
CHICAGO (Reuters) - Bankrupt retailer Kmart Corp. KM.N said on Wednesday it may need to restate past results after a probe of its accounting practices, leading to fears of further big losses.
May 01, 2002 04:36 PM ET
By Anna Driver
CHICAGO (Reuters) - Bankrupt retailer Kmart Corp. KM.N said on Wednesday it may need to restate past results after a probe of its accounting practices, leading to fears of further big losses.
Retail News: US retail spending still soft despite recovery
April 30, 2002 10:50 AM ET
By Pedro Nicolaci da Costa
NEW YORK, April 30 (Reuters) - A drop in sales at U.S. chain stores last week, extending a downward trend that began in early March, is fueling concerns that consumer spending may be cooling off even as the economy stages a rebound, industry analysts say.
April 30, 2002 10:50 AM ET
By Pedro Nicolaci da Costa
NEW YORK, April 30 (Reuters) - A drop in sales at U.S. chain stores last week, extending a downward trend that began in early March, is fueling concerns that consumer spending may be cooling off even as the economy stages a rebound, industry analysts say.
Economy: Canadian economy keeps sizzling, rate hikes seen
April 30, 2002 01:30 PM ET
By Randall Palmer
OTTAWA, April 30 (Reuters) - Canada's economy grew a stronger-than-expected 0.5 percent in February, completing a flip from near recession to sizzling growth and cementing expectations of further interest rate hikes.
April 30, 2002 01:30 PM ET
By Randall Palmer
OTTAWA, April 30 (Reuters) - Canada's economy grew a stronger-than-expected 0.5 percent in February, completing a flip from near recession to sizzling growth and cementing expectations of further interest rate hikes.
Retail News: Jones Apparel 1st-quarter earnings fall
April 30, 2002 01:48 PM ET
By Jean Scheidnes
NEW YORK, April 30 (Reuters) - Fashion designer and retailer Jones Apparel Group Inc. on Tuesday reported a 34 percent decline in first-quarter earnings, as it took charges for writing down trademarks and for payouts to former executives.
April 30, 2002 01:48 PM ET
By Jean Scheidnes
NEW YORK, April 30 (Reuters) - Fashion designer and retailer Jones Apparel Group Inc. on Tuesday reported a 34 percent decline in first-quarter earnings, as it took charges for writing down trademarks and for payouts to former executives.
Retail News: Estee Lauder Hurt by Duty-Free Sales
April 30, 2002 02:48 PM ET
NEW YORK (Reuters) - Cosmetics company Estee Lauder Cos. Inc. said on Tuesday its quarterly profit fell 22 percent, hurt by a reduction in its travel retail business, such as duty-free shops, amid a slump in worldwide travel.
April 30, 2002 02:48 PM ET
NEW YORK (Reuters) - Cosmetics company Estee Lauder Cos. Inc. said on Tuesday its quarterly profit fell 22 percent, hurt by a reduction in its travel retail business, such as duty-free shops, amid a slump in worldwide travel.
Fashion Trends: What to Wear in 2002
From Fashion UK: How can you look great without trying too hard? Check out this quick-fix guide to hot buys for spring 2002.
From Fashion UK: How can you look great without trying too hard? Check out this quick-fix guide to hot buys for spring 2002.
Retail News: Wal-Mart, J.C. Penney in Line with Plan
April 29, 2002 10:11 AM ET
NEW YORK (Reuters) - Retailers Wal-Mart Stores Inc. WMT.N and J.C. Penney Co. Inc. JCP.N on Monday said they were sticking with their forecasts for April sales at stores open at least a year.
April 29, 2002 10:11 AM ET
NEW YORK (Reuters) - Retailers Wal-Mart Stores Inc. WMT.N and J.C. Penney Co. Inc. JCP.N on Monday said they were sticking with their forecasts for April sales at stores open at least a year.
Retail News: German retailers, minister clash over euro prices
April 29, 2002 12:31 PM ET
By Fiona Shaikh
FRANKFURT, April 29 (Reuters) - German Finance Minister Hans Eichel hit a raw nerve among retailers when he blamed their dismal sales on euro-induced price hikes, but they are fighting back with proof they have lost out and not profited from the new cash.
April 29, 2002 12:31 PM ET
By Fiona Shaikh
FRANKFURT, April 29 (Reuters) - German Finance Minister Hans Eichel hit a raw nerve among retailers when he blamed their dismal sales on euro-induced price hikes, but they are fighting back with proof they have lost out and not profited from the new cash.
Retail News: Kmart hires Creative Artists for marketing push
April 29, 2002 03:17 PM ET
TROY, Mich., April 29 (Reuters) - Bankrupt retailing giant Kmart Corp. on Monday said it hired Hollywood talent agency Creative Artists Agency to provide entertainment-related marketing strategies for its brands like Martha Stewart Everyday and Route 66.
April 29, 2002 03:17 PM ET
TROY, Mich., April 29 (Reuters) - Bankrupt retailing giant Kmart Corp. on Monday said it hired Hollywood talent agency Creative Artists Agency to provide entertainment-related marketing strategies for its brands like Martha Stewart Everyday and Route 66.
Retail News: Target first-quarter earnings have upside -CFO
April 29, 2002 03:41 PM ET
NEW YORK, April 29 (Reuters) - The chief financial officer of retailer Target Corp. on Monday told investors again that first-quarter earnings will top its previous expectations, thanks to sales of full-priced merchandise and strong sales at its Target discount stores.
April 29, 2002 03:41 PM ET
NEW YORK, April 29 (Reuters) - The chief financial officer of retailer Target Corp. on Monday told investors again that first-quarter earnings will top its previous expectations, thanks to sales of full-priced merchandise and strong sales at its Target discount stores.
Retail News: Repeat after me: Zellers is no Kmart
The discounter has issues, but it's no basket case
By MARINA STRAUSS
Friday, April 26, 2002
Over the past few months, discounter Zellers has been unfairly compared to its U.S. counterpart -- the now insolvent Kmart -- a comparison that is only natural, but is ultimately a cheap shot.
The discounter has issues, but it's no basket case
By MARINA STRAUSS
Friday, April 26, 2002
Over the past few months, discounter Zellers has been unfairly compared to its U.S. counterpart -- the now insolvent Kmart -- a comparison that is only natural, but is ultimately a cheap shot.
Retail News: Starbucks Profit Dips, Outlook Raised
April 25, 2002 08:42 PM ET
By Chris Stetkiewicz
SEATTLE (Reuters) - Starbucks Corp. on Thursday said second-quarter net profit dipped from a year earlier, reflecting a one-time charge from a legal settlement, but the coffee shop chain raised its full-year sales and profit targets.
April 25, 2002 08:42 PM ET
By Chris Stetkiewicz
SEATTLE (Reuters) - Starbucks Corp. on Thursday said second-quarter net profit dipped from a year earlier, reflecting a one-time charge from a legal settlement, but the coffee shop chain raised its full-year sales and profit targets.
Retail News: Irish provisional Feb retail sales up 8.4 pct y/y
April 26, 2002 06:09 AM ET
DUBLIN, April 26 (Reuters) - The value of Ireland's retail sales rose by 5.3 percent in February from the previous month, and increased 8.4 percent year-on-year, provisional figures from the Central Statistics Office showed on Friday.
April 26, 2002 06:09 AM ET
DUBLIN, April 26 (Reuters) - The value of Ireland's retail sales rose by 5.3 percent in February from the previous month, and increased 8.4 percent year-on-year, provisional figures from the Central Statistics Office showed on Friday.
Retail News: Tastier food seen lifting Wendy's quarterly profit
April 26, 2002 12:44 PM ET
By Vivian Chu
NEW YORK, April 26 (Reuters) - Sometimes choosing where to eat comes down to taste, says Brian Wilson, a frequent patron of fast food restaurants who prefers Wendy's over other chains.
April 26, 2002 12:44 PM ET
By Vivian Chu
NEW YORK, April 26 (Reuters) - Sometimes choosing where to eat comes down to taste, says Brian Wilson, a frequent patron of fast food restaurants who prefers Wendy's over other chains.
Business News:Yahoo's Leap From Free to Fees
By Eric Hellweg April 24, 2002
Yahoo has begun charging for everything from file storage to e-mail forwarding. The message to users is simple: Get used to it.
By Eric Hellweg April 24, 2002
Yahoo has begun charging for everything from file storage to e-mail forwarding. The message to users is simple: Get used to it.
Technology:ëBrute forceí card thieves attack
Hackers just dial through account numbers until they find one
By Bob Sullivan
MSNBC- April 23
You might call it the least creative way to steal credit card numbers but it works, and it's costing merchants thousands of dollars. In the past several weeks, computer criminals have taken to running thousands of nickel and dime charges through merchant accounts, picking credit cards numbers at random. Most are declined. But the few that are authorized mean the criminal has struck gold. Meanwhile, merchants are footing a big bill, paying up to 35 cents for each attempt. One told MSNBC.com that 13,000 attempts were made in a single weekend, adding up to a hefty $4,550 bill.
Hackers just dial through account numbers until they find one
By Bob Sullivan
MSNBC- April 23
You might call it the least creative way to steal credit card numbers but it works, and it's costing merchants thousands of dollars. In the past several weeks, computer criminals have taken to running thousands of nickel and dime charges through merchant accounts, picking credit cards numbers at random. Most are declined. But the few that are authorized mean the criminal has struck gold. Meanwhile, merchants are footing a big bill, paying up to 35 cents for each attempt. One told MSNBC.com that 13,000 attempts were made in a single weekend, adding up to a hefty $4,550 bill.
Retail News: Whale of a Sandwich
April 25, 2002 11:14 AM ET
SHIMONOSEKI, Japan (Reuters) - First came the hamburger. Now, from Japan, the whaleburger.
This newest contribution to world sandwich cuisine is the brainstorm of "Kujiraya," or "Place of Whales," a small shop in the port city of Shimonoseki, 825 km (490 miles) southwest of Tokyo, and just a short taxi ride from this year's meeting of the International Whaling Commission that is discussing the controversial industry.
April 25, 2002 11:14 AM ET
SHIMONOSEKI, Japan (Reuters) - First came the hamburger. Now, from Japan, the whaleburger.
This newest contribution to world sandwich cuisine is the brainstorm of "Kujiraya," or "Place of Whales," a small shop in the port city of Shimonoseki, 825 km (490 miles) southwest of Tokyo, and just a short taxi ride from this year's meeting of the International Whaling Commission that is discussing the controversial industry.
Retail News: Tiffany raises outlook, stock at new high
Tiffany's sees more traffic and more transactions
April 25, 2002 12:08 PM ET By Anna Driver
CHICAGO, April 25 (Reuters) - Luxury jeweler Tiffany & Co. Inc. raised its earnings outlook for the fiscal first quarter on Thursday, citing better sales in the United States and more purchases of less expensive but higher-margin items like sterling silver rings and bracelets.
Tiffany's sees more traffic and more transactions
April 25, 2002 12:08 PM ET By Anna Driver
CHICAGO, April 25 (Reuters) - Luxury jeweler Tiffany & Co. Inc. raised its earnings outlook for the fiscal first quarter on Thursday, citing better sales in the United States and more purchases of less expensive but higher-margin items like sterling silver rings and bracelets.
Retail News Pharmacy Sales Lift Rite Aid, Duane Reade
April 25, 2002 02:35 PM ET
By Jackie Sindrich
NEW YORK (Reuters) - Drug store chains Rite Aid Corp. and Duane Reade Inc. on Thursday said strong pharmacy sales and lower interest expense bolstered results, but charges weighed on their bottom lines.
April 25, 2002 02:35 PM ET
By Jackie Sindrich
NEW YORK (Reuters) - Drug store chains Rite Aid Corp. and Duane Reade Inc. on Thursday said strong pharmacy sales and lower interest expense bolstered results, but charges weighed on their bottom lines.
Retail News: OPI wants polish off the grey market
Says chains selling unauthorized product
By MARINA STRAUSS
RETAILING REPORTER
Tuesday, April 23, 2002
A nail polish company is trying to nail down big retailers such as Shoppers Drug Mart Inc. and Costco Canada Inc. to stop them from carrying what it says may be mislabelled or outdated bottles of its high-end product.
Says chains selling unauthorized product
By MARINA STRAUSS
RETAILING REPORTER
Tuesday, April 23, 2002
A nail polish company is trying to nail down big retailers such as Shoppers Drug Mart Inc. and Costco Canada Inc. to stop them from carrying what it says may be mislabelled or outdated bottles of its high-end product.
Retail News: Steep jump in gas prices spurs inflation
By MARIAN STINSON
Wednesday, April 24, 2002
Gasoline prices took their biggest jump in nearly 20 years in March, pushing the annual inflation rate to 1.8 per cent, the fourth consecutive month of cost of living increases.
By MARIAN STINSON
Wednesday, April 24, 2002
Gasoline prices took their biggest jump in nearly 20 years in March, pushing the annual inflation rate to 1.8 per cent, the fourth consecutive month of cost of living increases.
Retail News: Amazon Europe Growing Strong Despite French Pressure
April 24, 2002 06:23 AM ET
By Bernhard Warner, European Internet Correspondent
PARIS (Reuters) - Online retailer Amazon.com said on Wednesday its European customer base grew by 45 percent in the past year and Germany and Britain were in the black, vital elements to ensure it meets its 2002 group profit forecast.
April 24, 2002 06:23 AM ET
By Bernhard Warner, European Internet Correspondent
PARIS (Reuters) - Online retailer Amazon.com said on Wednesday its European customer base grew by 45 percent in the past year and Germany and Britain were in the black, vital elements to ensure it meets its 2002 group profit forecast.
Retail News & Trends: Blockbuster Profit Up on DVD Boom
April 24, 2002 01:46 PM ET
By Jackie Sindrich
NEW YORK (Reuters) - Blockbuster Inc., the world's largest video rental chain, on Wednesday reported a $1.75 billion quarterly net loss on a massive charge for a goodwill accounting change, but shares rose on a sharper-than-expected increase in operating profits due to the DVD craze.
April 24, 2002 01:46 PM ET
By Jackie Sindrich
NEW YORK (Reuters) - Blockbuster Inc., the world's largest video rental chain, on Wednesday reported a $1.75 billion quarterly net loss on a massive charge for a goodwill accounting change, but shares rose on a sharper-than-expected increase in operating profits due to the DVD craze.
Retail News: ABCNEWS.com : Wal-Mart Eyes Used-Car Business
LITTLE ROCK, Ark. April 23
The world's largest retailer is taking a test drive in the used-car business.
Wal-Mart Stores Inc. is planning to lease property adjacent to five of its stores in the Houston area to a Connecticut-based car sales company for six months, Wal-Mart spokesman Jay Allen said Tuesday.
LITTLE ROCK, Ark. April 23
The world's largest retailer is taking a test drive in the used-car business.
Wal-Mart Stores Inc. is planning to lease property adjacent to five of its stores in the Houston area to a Connecticut-based car sales company for six months, Wal-Mart spokesman Jay Allen said Tuesday.
Retail News: US chain store sales up in 2 weeks April-Redbook
April 23, 2002 08:57 AM ET
NEW YORK, April 23 (Reuters) - U.S. retail sales at discount, chain and department stores rose during the first two weeks of April, as warmer-than-normal weather spurred consumers to shop, Instinet Research said on Tuesday.
April 23, 2002 08:57 AM ET
NEW YORK, April 23 (Reuters) - U.S. retail sales at discount, chain and department stores rose during the first two weeks of April, as warmer-than-normal weather spurred consumers to shop, Instinet Research said on Tuesday.
Retail News: Martha Stewart Earnings Drop 53 Percent
April 23, 2002 11:02 AM ET
By Cyntia Barrera Diaz
NEW YORK (Reuters) - Media and merchandising company Martha Stewart Living Omnimedia Inc. on Tuesday reported a 53 percent drop in first-quarter earnings still hurt by the industrywide advertising slump and a revised deal with struggling retailer Kmart Corp.
April 23, 2002 11:02 AM ET
By Cyntia Barrera Diaz
NEW YORK (Reuters) - Media and merchandising company Martha Stewart Living Omnimedia Inc. on Tuesday reported a 53 percent drop in first-quarter earnings still hurt by the industrywide advertising slump and a revised deal with struggling retailer Kmart Corp.
Retail News: RadioShack profits rise 24 pct despite lower sales
April 23, 2002 11:57 AM ET
By Anna Driver
CHICAGO, April 23 (Reuters) - RadioShack Corp. , the No. 3 U.S. consumer electronics retailer, reported a 24 percent rise in quarterly earnings on Tuesday as lower payroll costs and higher profit margins offset declining sales of computers and satellite television systems.
April 23, 2002 11:57 AM ET
By Anna Driver
CHICAGO, April 23 (Reuters) - RadioShack Corp. , the No. 3 U.S. consumer electronics retailer, reported a 24 percent rise in quarterly earnings on Tuesday as lower payroll costs and higher profit margins offset declining sales of computers and satellite television systems.
Retail News: Coach Profit Soars on Higher Sales
April 23, 2002 12:40 PM ET
By Jean Scheidnes
NEW YORK (Reuters) - Coach Inc., a designer of high-end leather goods and fashion accessories, said on Tuesday its quarterly profits nearly doubled before restructuring charges, due to the popularity of its simply styled handbags in the United States and Japan.
April 23, 2002 12:40 PM ET
By Jean Scheidnes
NEW YORK (Reuters) - Coach Inc., a designer of high-end leather goods and fashion accessories, said on Tuesday its quarterly profits nearly doubled before restructuring charges, due to the popularity of its simply styled handbags in the United States and Japan.
Retail News: Polish retail sales rise dampens chance of rate cut
April 22, 2002 08:09 AM ET
By Justyna Pawlak
WARSAW, April 22 (Reuters) - Poland's retail sales jumped nearly 10 percent in annual terms last month, the strongest evidence to date of a long-awaited economic recovery that may stop the central bank from cutting interest rates this week, analysts said. The Central Statistical Office said on Monday that March retail sales rose 20 percent from February, increasing 9.9 percent from the same month last year -- the largest annual rise since the start of 2001.
April 22, 2002 08:09 AM ET
By Justyna Pawlak
WARSAW, April 22 (Reuters) - Poland's retail sales jumped nearly 10 percent in annual terms last month, the strongest evidence to date of a long-awaited economic recovery that may stop the central bank from cutting interest rates this week, analysts said. The Central Statistical Office said on Monday that March retail sales rose 20 percent from February, increasing 9.9 percent from the same month last year -- the largest annual rise since the start of 2001.
Retail News: Wal-Mart, Penney had good sales last week
April 22, 2002 11:05 AM ET
CHICAGO, April 22 (Reuters) - Retailers Wal-Mart Stores Inc. and J.C. Penney Co. said on Monday that sales topped expectations last week at stores open at least a year, but both retailers left April full-month sales forecasts unchanged.
April 22, 2002 11:05 AM ET
CHICAGO, April 22 (Reuters) - Retailers Wal-Mart Stores Inc. and J.C. Penney Co. said on Monday that sales topped expectations last week at stores open at least a year, but both retailers left April full-month sales forecasts unchanged.
Retail News: Kmart March loss narrows to $135 million
April 22, 2002 01:09 PM ET
By Anna Driver
CHICAGO, April 22 (Reuters) - Bankrupt retailer Kmart Corp. reported a net loss of $135 million in March and sales at its stores open at least a year fell 8.4 percent in the month, according to documents filed with the government on Monday.
April 22, 2002 01:09 PM ET
By Anna Driver
CHICAGO, April 22 (Reuters) - Bankrupt retailer Kmart Corp. reported a net loss of $135 million in March and sales at its stores open at least a year fell 8.4 percent in the month, according to documents filed with the government on Monday.
Retail News: Sears names new apparel brand 'Covington'
April 22, 2002 04:11 PM ET
CHICAGO, April 22 (Reuters) - Sears, Roebuck and Co. said on Monday its new private-label brand of conservatively styled casual clothing will be called Covington and will replace eight other proprietary lines including Crossroads, Fieldmaster and Trader Bay.
April 22, 2002 04:11 PM ET
CHICAGO, April 22 (Reuters) - Sears, Roebuck and Co. said on Monday its new private-label brand of conservatively styled casual clothing will be called Covington and will replace eight other proprietary lines including Crossroads, Fieldmaster and Trader Bay.
Retail News: href="http://www.reuters.com/news_article.jhtml?type=search&StoryID=859455"> Prescription Drugs by Mail Proposed in Germany
April 22, 2002 05:20 PM ET
By Ned Stafford
FRANKFURT (Reuters Health) - German Health Minister Ulla Schmidt has given strong support for legalizing postal delivery of prescription drugs, which has been a major roadblock for online drug sales in Germany.
April 22, 2002 05:20 PM ET
By Ned Stafford
FRANKFURT (Reuters Health) - German Health Minister Ulla Schmidt has given strong support for legalizing postal delivery of prescription drugs, which has been a major roadblock for online drug sales in Germany.
Retail News: Starbucks sales perk up the Street
By CAROLYN LEITCH
Thursday, April 18, 2002
Shares of Starbucks Corp. have hit one caffeine-charged high after another in recent days after the operator of upscale coffee shops jolted Wall Street with its surprisingly robust sales.
By CAROLYN LEITCH
Thursday, April 18, 2002
Shares of Starbucks Corp. have hit one caffeine-charged high after another in recent days after the operator of upscale coffee shops jolted Wall Street with its surprisingly robust sales.
Retail News:Retailers look cautiously to U.S.
By MARINA STRAUSS
Friday, April 19, 2002
TORONTO -- Homegrown retailers such as Roots Canada Ltd. and La Senza Corp. want to expand south of the border but are being prudent in their planning.
Some retailers at an International Council of Shopping Centres conference yesterday said they want to avoid the mistakes of Canadian merchants that have flopped when moving into the cutthroat U.S. retail market.
By MARINA STRAUSS
Friday, April 19, 2002
TORONTO -- Homegrown retailers such as Roots Canada Ltd. and La Senza Corp. want to expand south of the border but are being prudent in their planning.
Some retailers at an International Council of Shopping Centres conference yesterday said they want to avoid the mistakes of Canadian merchants that have flopped when moving into the cutthroat U.S. retail market.
Retail News: Gardening retailer sprouts anew
By?MARINA STRAUSS
Friday, April 19, 2002
Avid gardener Ila Bossons used to make regular trips to a Cruickshank's gardening store for unusual spring bulbs and distinctive varieties of paperwhite and amaryllis bulbs at Christmas -- specialty items she couldn't find anywhere else.
But after Heather Reisman's Indigo Books & Music took over Cruickshank's in March, 2000, Ms. Bossons' interest in the high-end gardening retailer wilted because of waning service and selection.
By?MARINA STRAUSS
Friday, April 19, 2002
Avid gardener Ila Bossons used to make regular trips to a Cruickshank's gardening store for unusual spring bulbs and distinctive varieties of paperwhite and amaryllis bulbs at Christmas -- specialty items she couldn't find anywhere else.
But after Heather Reisman's Indigo Books & Music took over Cruickshank's in March, 2000, Ms. Bossons' interest in the high-end gardening retailer wilted because of waning service and selection.
Retail News: Abercrombie pulls T-shirts after Asian-American protest
April 18, 2002 03:00 PM ET
SAN FRANCISCO, April 18 (Reuters) - Clothing maker Abercrombie & Fitch said on Thursday it was pulling a new line of Asian-themed T-shirts after Asian-American groups complained they were a blatant example of racist stereotyping.
April 18, 2002 03:00 PM ET
SAN FRANCISCO, April 18 (Reuters) - Clothing maker Abercrombie & Fitch said on Thursday it was pulling a new line of Asian-themed T-shirts after Asian-American groups complained they were a blatant example of racist stereotyping.
Retail News: Liz Claiborne 1st-quarter earnings climb
April 18, 2002 03:46 PM ET
NEW YORK, April 18 (Reuters) - Liz Claiborne Inc. said on Thursday first-quarter earnings rose 12 percent on improved sales of its full-price apparel and on lower expenses, and it raised its second-quarter profit outlook.
The New York-based company -- whose stable of brands includes Liz Claiborne, Lucky Brand, and Russ for Wal-Mart Stores Inc. -- said its results were boosted by the inclusion of Mexx, a European brand acquired last year.
April 18, 2002 03:46 PM ET
NEW YORK, April 18 (Reuters) - Liz Claiborne Inc. said on Thursday first-quarter earnings rose 12 percent on improved sales of its full-price apparel and on lower expenses, and it raised its second-quarter profit outlook.
The New York-based company -- whose stable of brands includes Liz Claiborne, Lucky Brand, and Russ for Wal-Mart Stores Inc. -- said its results were boosted by the inclusion of Mexx, a European brand acquired last year.
Retail News: S&P cuts Hudson's Bay ratings
April 18, 2002 03:47 PM ET
(Article discusses Hudson's Bay business strategy and environment)
NEW YORK, April 18 - Standard & Poor's today said it lowered its long-term corporate credit and senior unsecured debt ratings on Canadian retailer Hudson's Bay Co. to double-'B'-plus from triple-'B'-minus. The outlook is stable.
April 18, 2002 03:47 PM ET
(Article discusses Hudson's Bay business strategy and environment)
NEW YORK, April 18 - Standard & Poor's today said it lowered its long-term corporate credit and senior unsecured debt ratings on Canadian retailer Hudson's Bay Co. to double-'B'-plus from triple-'B'-minus. The outlook is stable.
Retail News: Sears Off on Charges, Store Remodeling
April 18, 2002 04:22 PM ET
By Anna Driver
CHICAGO (Reuters) - Sears, Roebuck and Co. reported a 38 percent decline in first-quarter net earnings on Thursday as profits were sapped by charges from accounting changes and costs to remodel Canadian stores.
April 18, 2002 04:22 PM ET
By Anna Driver
CHICAGO (Reuters) - Sears, Roebuck and Co. reported a 38 percent decline in first-quarter net earnings on Thursday as profits were sapped by charges from accounting changes and costs to remodel Canadian stores.
Technology Trends: The Beige Box Fades to Black
April 18, 2002
By STEVE LOHR
The beige-box personal computer, the drab diehard of modern industrial design, became a visual standard without a lot of deep thought in 1981, when I.B.M. introduced its PC. It was functional, neutral, almost non-design, says Lee Green, the company's current director of design. Yet beige box it was, and bland proliferated for two decades, long after "it was obvious they were beyond boring," Mr. Green said.
April 18, 2002
By STEVE LOHR
The beige-box personal computer, the drab diehard of modern industrial design, became a visual standard without a lot of deep thought in 1981, when I.B.M. introduced its PC. It was functional, neutral, almost non-design, says Lee Green, the company's current director of design. Yet beige box it was, and bland proliferated for two decades, long after "it was obvious they were beyond boring," Mr. Green said.
Retail News: UK's WH Smith profits hit by travel slump
April 17, 2002 03:07 AM ET
LONDON, April 17 (Reuters) - Britain's leading stationery, newspaper and book retailer WH Smith Plc SMWH.L said on Wednesday the collapse in sales from its U.S. hotel and airport shops led to a drop of 10 percent in first-half profits.
April 17, 2002 03:07 AM ET
LONDON, April 17 (Reuters) - Britain's leading stationery, newspaper and book retailer WH Smith Plc SMWH.L said on Wednesday the collapse in sales from its U.S. hotel and airport shops led to a drop of 10 percent in first-half profits.
Retail News: UK's Boots to float or sell Halfords
April 17, 2002 08:20 AM ET
By Elaine Hardcastle
LONDON, April 17 (Reuters) - Britain's leading health and beauty products retailer Boots Co Plc said on Wednesday it had decided to float or sell its Halfords car and bike accessory chain, ending long running speculation about the business.
April 17, 2002 08:20 AM ET
By Elaine Hardcastle
LONDON, April 17 (Reuters) - Britain's leading health and beauty products retailer Boots Co Plc said on Wednesday it had decided to float or sell its Halfords car and bike accessory chain, ending long running speculation about the business.
Retail News: Office Depot Posts Higher Profits
April 17, 2002 11:08 AM ET
By Ellis Mnyandu
NEW YORK (Reuters) - Office Depot Inc., the No. 1 U.S. office products retailer, on Wednesday reported an 82 percent jump in first-quarter net income due to lower costs and revamped merchandising, and it said full-year earnings should hit the high end of its forecast.
April 17, 2002 11:08 AM ET
By Ellis Mnyandu
NEW YORK (Reuters) - Office Depot Inc., the No. 1 U.S. office products retailer, on Wednesday reported an 82 percent jump in first-quarter net income due to lower costs and revamped merchandising, and it said full-year earnings should hit the high end of its forecast.
Retail Trends: Majors pouring into ready-to-drink coffee market
April 17, 2002 02:25 PM ET
By Bruce Kamich
NEW YORK, April 17 (Reuters) - Everyone wants to be involved in a "hot" consumer trend -- even if the idea has a slightly warmed-over feel -- like the cold coffee that's about to appear ready-to-drink in supermarkets across the nation.
April 17, 2002 02:25 PM ET
By Bruce Kamich
NEW YORK, April 17 (Reuters) - Everyone wants to be involved in a "hot" consumer trend -- even if the idea has a slightly warmed-over feel -- like the cold coffee that's about to appear ready-to-drink in supermarkets across the nation.
Retail News: Kmart wants $1.5-million pay for boss
Monday, April 15, 2002
NEW YORK -- Kmart Corp. has asked a federal bankruptcy judge to approve a $1.5-million (U.S.) annual base salary, higher than a previous request, for James Adamson, the bankrupt retailer's current chief executive officer and chairman.
Monday, April 15, 2002
NEW YORK -- Kmart Corp. has asked a federal bankruptcy judge to approve a $1.5-million (U.S.) annual base salary, higher than a previous request, for James Adamson, the bankrupt retailer's current chief executive officer and chairman.
Retail News: Sears loss balloons in first quarter
Operating profit improves but Eatons closings take big chunk out of bottom line
By MARINA STRAUSS
RETAILING REPORTER
Globe & Mail
Tuesday, April 16, 2002
TORONTO -- Sears Canada Inc., predicting a continuing tough retail market, said yesterday first-quarter operating profit improved but that it recorded a final loss of $115.9-million as a result of a huge writedown tied to the closing of its Eatons division.
Operating profit improves but Eatons closings take big chunk out of bottom line
By MARINA STRAUSS
RETAILING REPORTER
Globe & Mail
Tuesday, April 16, 2002
TORONTO -- Sears Canada Inc., predicting a continuing tough retail market, said yesterday first-quarter operating profit improved but that it recorded a final loss of $115.9-million as a result of a huge writedown tied to the closing of its Eatons division.
Retail News:Buyers Spend Cautiously, Job Woes Linger
April 16, 2002 11:13 AM ET
By Pedro Nicolaci da Costa
NEW YORK (Reuters) - U.S. retailers struggled last week as consumers sought to rein in spending amid lingering concerns about job security, two reports showed on Tuesday.
April 16, 2002 11:13 AM ET
By Pedro Nicolaci da Costa
NEW YORK (Reuters) - U.S. retailers struggled last week as consumers sought to rein in spending amid lingering concerns about job security, two reports showed on Tuesday.
Technology: PluggedIn: As devices proliferate, memory gets confusing
April 16, 2002 01:15 PM ET
By Ben Berkowitz
LOS ANGELES, April 16 (Reuters) - Does your digital camera save its photos to a matchbook, a postage stamp, a stick of gum or a big thumbnail?
April 16, 2002 01:15 PM ET
By Ben Berkowitz
LOS ANGELES, April 16 (Reuters) - Does your digital camera save its photos to a matchbook, a postage stamp, a stick of gum or a big thumbnail?
Retail News: J.C. Penney, Avon Adjusting Sales Venture
April 16, 2002 04:53 PM ET
By Brad Dorfman and Anna Driver
CHICAGO/PLANO, Texas (Reuters) - Retailer J.C. Penney Co. JCP.N and cosmetics maker Avon Products Inc. AVP.N are working to touch up Avon's first attempt to sell at retail stores after Penney's said sales failed to live up to expectations.
April 16, 2002 04:53 PM ET
By Brad Dorfman and Anna Driver
CHICAGO/PLANO, Texas (Reuters) - Retailer J.C. Penney Co. JCP.N and cosmetics maker Avon Products Inc. AVP.N are working to touch up Avon's first attempt to sell at retail stores after Penney's said sales failed to live up to expectations.
Retail News: Maytag Income Falls; Sees Slower Sales
April 16, 2002 05:30 PM ET
By Rachel Cohen
NEW YORK (Reuters) - Maytag Corp. MYG.N , the No. 3 U.S. appliance maker, on Tuesday reported a drop in first-quarter net income, as year-ago results were boosted by a tax benefit, and said sales growth is likely to slow down through the year compared with the record pace in the last three months.
April 16, 2002 05:30 PM ET
By Rachel Cohen
NEW YORK (Reuters) - Maytag Corp. MYG.N , the No. 3 U.S. appliance maker, on Tuesday reported a drop in first-quarter net income, as year-ago results were boosted by a tax benefit, and said sales growth is likely to slow down through the year compared with the record pace in the last three months.
Retail News: EU green law may bump up home appliance prices
April 12, 2002 10:19 AM ET
By Amanda Cooper
LONDON, April 12 (Reuters) - Toasters, tumble dryers and even the kettles in kitchens across the European Union may cost more as a new law forces manufacturers to pay for the recycling of their products, industry analysts said on Friday.
April 12, 2002 10:19 AM ET
By Amanda Cooper
LONDON, April 12 (Reuters) - Toasters, tumble dryers and even the kettles in kitchens across the European Union may cost more as a new law forces manufacturers to pay for the recycling of their products, industry analysts said on Friday.
Business News: Consumer Sentiment Softens in Early April
April 12, 2002 10:53 AM ET
By Ross Finley
NEW YORK (Reuters) - Consumer sentiment edged lower in early April as a sluggish stock market, a slight rise in March unemployment and Mideast violence weighed on Americans' outlook for the future.
April 12, 2002 10:53 AM ET
By Ross Finley
NEW YORK (Reuters) - Consumer sentiment edged lower in early April as a sluggish stock market, a slight rise in March unemployment and Mideast violence weighed on Americans' outlook for the future.
Retail News: U.S. retailers wake up and smell the coffee cards
April 12, 2002 11:47 AM ET
By Laura MacInnis
NEW YORK, April 12 (Reuters) - The advantages of paying with a prepaid Starbucks card are clear -- if you are Starbucks Corp.
Unlike other credit card schemes, the Starbucks card offers no discount to users but promises a fast, stress-free way to whisk away regular coffee orders.
April 12, 2002 11:47 AM ET
By Laura MacInnis
NEW YORK, April 12 (Reuters) - The advantages of paying with a prepaid Starbucks card are clear -- if you are Starbucks Corp.
Unlike other credit card schemes, the Starbucks card offers no discount to users but promises a fast, stress-free way to whisk away regular coffee orders.
Business News: Steady Sales, Tame Prices Keep Recovery on Course
April 12, 2002 01:28 PM ET
By Jonathan Nicholson
WASHINGTON (Reuters) - A modest gain in March retail sales, along with a relatively tame report on wholesale prices, show the U.S. economy expanding slowly but steadily, a pace that should keep the pressure off the Federal Reserve to raise interest rates soon.
April 12, 2002 01:28 PM ET
By Jonathan Nicholson
WASHINGTON (Reuters) - A modest gain in March retail sales, along with a relatively tame report on wholesale prices, show the U.S. economy expanding slowly but steadily, a pace that should keep the pressure off the Federal Reserve to raise interest rates soon.
Retail News: Old West vs. Big Retail as Horses Invade Wal-Mart
April 11, 2002 08:50 AM ET
LITTLE ROCK (Reuters) - The Old West clashed with the world's largest retailer when two horsemen rode their mounts through a Wal-Mart in the southern Arkansas town of El Dorado, police say.
April 11, 2002 08:50 AM ET
LITTLE ROCK (Reuters) - The Old West clashed with the world's largest retailer when two horsemen rode their mounts through a Wal-Mart in the southern Arkansas town of El Dorado, police say.
Retail News: Tesco recalls chicken on heath worries -supplier
April 11, 2002 09:24 AM ET
LONDON, April 11 (Reuters) - UK retail giant Tesco Plc TSCO.L has recalled a batch of poultry supplied by Buxted Chicken Ltd after a sample was found to contain the banned antibiotic nitrofuran, a Buxted spokesman said on Thursday.
April 11, 2002 09:24 AM ET
LONDON, April 11 (Reuters) - UK retail giant Tesco Plc TSCO.L has recalled a batch of poultry supplied by Buxted Chicken Ltd after a sample was found to contain the banned antibiotic nitrofuran, a Buxted spokesman said on Thursday.
Retail News: Discounters Lead Retail Sales Rise
April 11, 2002 12:35 PM ET
By Jean Scheidnes
NEW YORK (Reuters) - U.S. retailers, helped by an early Easter, sold more in March than last year, with discounters and warehouse clubs leading the pack and apparel retailers making a modest comeback from prolonged weakness.
April 11, 2002 12:35 PM ET
By Jean Scheidnes
NEW YORK (Reuters) - U.S. retailers, helped by an early Easter, sold more in March than last year, with discounters and warehouse clubs leading the pack and apparel retailers making a modest comeback from prolonged weakness.
Business News: Jobless Claims Fall, Shoppers Spend
April 11, 2002 12:29 PM ET
By Joanne Morrison
WASHINGTON (Reuters) - Fewer U.S. workers applied for state unemployment benefits last week, the government said on Thursday in a report that nevertheless showed a soft labor market as ongoing claims climbed to a 19-year high.
April 11, 2002 12:29 PM ET
By Joanne Morrison
WASHINGTON (Reuters) - Fewer U.S. workers applied for state unemployment benefits last week, the government said on Thursday in a report that nevertheless showed a soft labor market as ongoing claims climbed to a 19-year high.
Retail News: La Senza stock hits new high on profit, expansion
April 11, 2002 12:44 PM ET
TORONTO, April 11 (Reuters) - Shares of La Senza Corp. LSZ.TO touched a record high on Thursday as investors applauded a fourth-quarter profit increase and news that the lingerie retailer will expand its network of stores in Europe.
April 11, 2002 12:44 PM ET
TORONTO, April 11 (Reuters) - Shares of La Senza Corp. LSZ.TO touched a record high on Thursday as investors applauded a fourth-quarter profit increase and news that the lingerie retailer will expand its network of stores in Europe.
Retail News: Discounters Lead Retail Sales Rise
April 11, 2002 12:35 PM ET
By Jean Scheidnes
NEW YORK (Reuters) - U.S. retailers, helped by an early Easter, sold more in March than last year, with discounters and warehouse clubs leading the pack and apparel retailers making a modest comeback from prolonged weakness.
April 11, 2002 12:35 PM ET
By Jean Scheidnes
NEW YORK (Reuters) - U.S. retailers, helped by an early Easter, sold more in March than last year, with discounters and warehouse clubs leading the pack and apparel retailers making a modest comeback from prolonged weakness.
Retail News: Gains Seen at Discounters, Apparel Stores
April 10, 2002 10:36 AM ET
By Jackie Sindrich
NEW YORK (Reuters) - Shoppers are still devoted to discount stores, but they want to look nice for spring too.
That means that apparel retailers such as The Limited Inc. LTD.N could show solid gains when they report monthly sales on Thursday.
April 10, 2002 10:36 AM ET
By Jackie Sindrich
NEW YORK (Reuters) - Shoppers are still devoted to discount stores, but they want to look nice for spring too.
That means that apparel retailers such as The Limited Inc. LTD.N could show solid gains when they report monthly sales on Thursday.
Retail News: UK retailer Tesco in hiring mode as sales climb
April 10, 2002 11:04 AM ET
By Elaine Hardcastle, UK retail correspondent
LONDON, April 10 (Reuters) - Britain's biggest supermarket chain, Tesco Plc TSCO.L , said on Wednesday it would create 21,000 jobs this year and had become a market leader abroad as it reported its best UK fourth-quarter sales for five years.
April 10, 2002 11:04 AM ET
By Elaine Hardcastle, UK retail correspondent
LONDON, April 10 (Reuters) - Britain's biggest supermarket chain, Tesco Plc TSCO.L , said on Wednesday it would create 21,000 jobs this year and had become a market leader abroad as it reported its best UK fourth-quarter sales for five years.
Retail News: Retail Association Raises Sales Forecast
April 10, 2002 11:47 AM ET
NEW YORK (Reuters) - The National Retail Federation on Wednesday said it has raised its U.S. retail sales forecast for 2002, citing economic indicators including strong consumer spending, an improving job market and booming demand for homes.
April 10, 2002 11:47 AM ET
NEW YORK (Reuters) - The National Retail Federation on Wednesday said it has raised its U.S. retail sales forecast for 2002, citing economic indicators including strong consumer spending, an improving job market and booming demand for homes.
Retail News: Sears profits to soundly beat Wall St view
April 10, 2002 12:28 PM ET
By Anna Driver
CHICAGO, April 10 (Reuters) - Sears, Roebuck and Co. S.N on Wednesday estimated first-quarter profits will beat the Wall Street consensus forecast by more than 50 percent as savings from job cuts and other restructuring activities increased earnings at its retail business.
April 10, 2002 12:28 PM ET
By Anna Driver
CHICAGO, April 10 (Reuters) - Sears, Roebuck and Co. S.N on Wednesday estimated first-quarter profits will beat the Wall Street consensus forecast by more than 50 percent as savings from job cuts and other restructuring activities increased earnings at its retail business.
Retail News: Chain Store Sales Rise in April 6 Week
April 09, 2002 08:55 AM ET
NEW YORK (Reuters) - U.S. chain store sales rose modestly last week led by sales of spring clothing, capping a slow month of March with hope of improvement this month, a weekly report showed on Tuesday.
April 09, 2002 08:55 AM ET
NEW YORK (Reuters) - U.S. chain store sales rose modestly last week led by sales of spring clothing, capping a slow month of March with hope of improvement this month, a weekly report showed on Tuesday.
Retail News:Lands' End Says May Top Profit View
April 09, 2002 10:15 AM ET
By Anna Driver
CHICAGO (Reuters) - Internet and catalog retailer Lands' End Inc. LE.N on Tuesday said fiscal-year earnings may surpass its previous forecast due to good sales of spring merchandise and higher-than-expected profit margins.
April 09, 2002 10:15 AM ET
By Anna Driver
CHICAGO (Reuters) - Internet and catalog retailer Lands' End Inc. LE.N on Tuesday said fiscal-year earnings may surpass its previous forecast due to good sales of spring merchandise and higher-than-expected profit margins.
Retail News: U.S. retail sales soft in March, but seen steady
April 09, 2002 12:37 PM ET
By Pedro Nicolaci da Costa
NEW YORK, April 9 (Reuters) - Sales at U.S. chain stores slipped in March as an expected boost from the Easter holiday failed to materialize and unseasonably cool weather kept customers away from stores, two reports on Tuesday indicated.
April 09, 2002 12:37 PM ET
By Pedro Nicolaci da Costa
NEW YORK, April 9 (Reuters) - Sales at U.S. chain stores slipped in March as an expected boost from the Easter holiday failed to materialize and unseasonably cool weather kept customers away from stores, two reports on Tuesday indicated.
Retail News: ShopKo CEO Podany departs in surprise move
April 09, 2002 12:39 PM ET
By Jackie Sindrich
NEW YORK, April 9 (Reuters) - Specialty and discount chain ShopKo Stores Inc. surprised analysts on Tuesday with the announcement that its chief executive officer, William Podany, had resigned, despite the retailer's promising turnaround over the past year and a half under his direction.
April 09, 2002 12:39 PM ET
By Jackie Sindrich
NEW YORK, April 9 (Reuters) - Specialty and discount chain ShopKo Stores Inc. surprised analysts on Tuesday with the announcement that its chief executive officer, William Podany, had resigned, despite the retailer's promising turnaround over the past year and a half under his direction.
Retail News: The bear bites back
March†18, 2002
ZENA OLIJNYK
A&W introduced Canada to fast food back in the 1950s. Then along came McDonaldís. Now Paul Hollands and Jeff Mooney are fighting to reclaim the chainís turf
March†18, 2002
ZENA OLIJNYK
A&W introduced Canada to fast food back in the 1950s. Then along came McDonaldís. Now Paul Hollands and Jeff Mooney are fighting to reclaim the chainís turf
Retail News:Beaver fever
IAN AUSTEN
April 15, 2002
Basking in the afterglow of all that Olympic hoopla, does Roots really have what it takes to finally become a major player on the international retail scene?
IAN AUSTEN
April 15, 2002
Basking in the afterglow of all that Olympic hoopla, does Roots really have what it takes to finally become a major player on the international retail scene?
Retail News:
The last retailer in Canada?
KEVIN LIBIN
March 18, 2002
In eight years, Wal-Mart has become our biggest retailer. Now itís expected to get into grocery. But if its growth in other markets is any indication, it wonít stop there
The last retailer in Canada?
KEVIN LIBIN
March 18, 2002
In eight years, Wal-Mart has become our biggest retailer. Now itís expected to get into grocery. But if its growth in other markets is any indication, it wonít stop there
Retail News: Pace of Job Cuts in Retail Sector Rose
April 08, 2002 10:32 AM ET
NEW YORK (Reuters) - The pace of job cuts in the retail sector, which jumped after Sept. 11, has continued to pick up in the first quarter of this year despite the initial signs of an economic recovery, a study released on Monday showed.
April 08, 2002 10:32 AM ET
NEW YORK (Reuters) - The pace of job cuts in the retail sector, which jumped after Sept. 11, has continued to pick up in the first quarter of this year despite the initial signs of an economic recovery, a study released on Monday showed.
Retail News: Levi Strauss to close plants, cut 20 pct of staff
April 08, 2002 03:22 PM ET
By Michael Kahn
SAN FRANCISCO, April 8 (Reuters) - Levi Strauss & Co., a name synonymous with blue jeans, said on Monday it will shut six of its last eight U.S. plants and slash its staff by 20 percent as it moves away from manufacturing to try to halt five years of declining sales.
April 08, 2002 03:22 PM ET
By Michael Kahn
SAN FRANCISCO, April 8 (Reuters) - Levi Strauss & Co., a name synonymous with blue jeans, said on Monday it will shut six of its last eight U.S. plants and slash its staff by 20 percent as it moves away from manufacturing to try to halt five years of declining sales.
Retail News: Luxury shoppers pass up flash for comfort
April 08, 2002 03:32 PM ET
By Laura MacInnis
NEW YORK, April 8 (Reuters) - Luxury lovers, take heed: In the post-September 11, post-Nasdaq-boom world of American wealth, comfort is in, but excess is out.
April 08, 2002 03:32 PM ET
By Laura MacInnis
NEW YORK, April 8 (Reuters) - Luxury lovers, take heed: In the post-September 11, post-Nasdaq-boom world of American wealth, comfort is in, but excess is out.
Retail News: Not all bad news for Japanese retailers
April 04, 2002 09:46 PM ET
By Daisuke Wakabayashi
TOKYO, April 5 (Reuters) - A slumping economy, consumers who are reluctant to spend, falling prices...and now -- Wal-Mart.
April 04, 2002 09:46 PM ET
By Daisuke Wakabayashi
TOKYO, April 5 (Reuters) - A slumping economy, consumers who are reluctant to spend, falling prices...and now -- Wal-Mart.
Business News: Oil majors push up UK fuel prices, budget looms
April 05, 2002 07:43 AM ET
By Keyvan Hedvat
LONDON, April 5 (Reuters) - Several oil majors said on Friday they had raised petrol prices at their UK garages, responding to a dramatic surge in world oil prices.
April 05, 2002 07:43 AM ET
By Keyvan Hedvat
LONDON, April 5 (Reuters) - Several oil majors said on Friday they had raised petrol prices at their UK garages, responding to a dramatic surge in world oil prices.
Business News: Recovery Hopes Brighten with Indicators
April 05, 2002 08:21 AM ET
By Alister Bull, European Economics Correspondent
FRANKFURT (Reuters) - Hopes of global economic recovery brightened on Friday with the OECD's influential lead indicators signaling a powerful rebound in world industrial output.
April 05, 2002 08:21 AM ET
By Alister Bull, European Economics Correspondent
FRANKFURT (Reuters) - Hopes of global economic recovery brightened on Friday with the OECD's influential lead indicators signaling a powerful rebound in world industrial output.
Business News: Canada jobless rate shows surprise drop in March
April 05, 2002 10:48 AM ET
By Irene Marushko
OTTAWA, April 5 (Reuters) - Canada's economy churned out jobs at a stronger-than-expected pace in March and the jobless rate fell to 7.7 percent from 7.9 percent in February, Statistics Canada said on Friday in a report that boosted speculation about an early interest rate rise.
April 05, 2002 10:48 AM ET
By Irene Marushko
OTTAWA, April 5 (Reuters) - Canada's economy churned out jobs at a stronger-than-expected pace in March and the jobless rate fell to 7.7 percent from 7.9 percent in February, Statistics Canada said on Friday in a report that boosted speculation about an early interest rate rise.
Business News: Jobless Claims Show Surprise Rise
April 04, 2002 10:01 AM ET
By Nancy Waitz
WASHINGTON (Reuters) - The number of new U.S. jobless claims filed last week skyrocketed by 64,000, partly due to applications for a new government program that extends unemployment benefits for 13 weeks.
April 04, 2002 10:01 AM ET
By Nancy Waitz
WASHINGTON (Reuters) - The number of new U.S. jobless claims filed last week skyrocketed by 64,000, partly due to applications for a new government program that extends unemployment benefits for 13 weeks.
Retail News: UK retailers shut up shop for royal funeral
April 04, 2002 12:02 PM ET
By Elaine Hardcastle
LONDON, April 4 (Reuters) - Top British retailers will shut up shop for the Queen Mother's funeral next Tuesday in the belief that Britons would rather pay their respects than fill their bags.
April 04, 2002 12:02 PM ET
By Elaine Hardcastle
LONDON, April 4 (Reuters) - Top British retailers will shut up shop for the Queen Mother's funeral next Tuesday in the belief that Britons would rather pay their respects than fill their bags.
Retail News: UK jeans baron decides against bid for Moss Bros
April 04, 2002 12:24 PM ET
By Sudip Kar-Gupta and Mark Potter
LONDON, April 4 (Reuters) - Fashion entrepreneur Shami Ahmed ducked out of making a bid for Moss Bros Group Plc MOSB.L on Thursday, having seen his previous informal approaches roundly rejected by the loss-making UK menswear retailer.
April 04, 2002 12:24 PM ET
By Sudip Kar-Gupta and Mark Potter
LONDON, April 4 (Reuters) - Fashion entrepreneur Shami Ahmed ducked out of making a bid for Moss Bros Group Plc MOSB.L on Thursday, having seen his previous informal approaches roundly rejected by the loss-making UK menswear retailer.
Mothers Work shares up, maternity sales swell
April 04, 2002 12:31 PM ET
By Anna Driver
CHICAGO, April 4 (Reuters) - Retailer Mothers Work Inc. on Thursday said it expects second-quarter earnings to beat Wall Street estimates, thanks to a growing market for maternity clothing and the popularity of its spring fashions.
April 04, 2002 12:31 PM ET
By Anna Driver
CHICAGO, April 4 (Reuters) - Retailer Mothers Work Inc. on Thursday said it expects second-quarter earnings to beat Wall Street estimates, thanks to a growing market for maternity clothing and the popularity of its spring fashions.
Retail News: Marks & Spencer denies plan for board shuffle
April 03, 2002 12:03 PM ET
LONDON, April 3 (Reuters) - Britain's biggest clothing retailer, Marks & Spencer, dismissed speculation on Wednesday that its chairman and chief executive, Luc Vandevelde, planed to relinquish the role of CEO in the next few months.
April 03, 2002 12:03 PM ET
LONDON, April 3 (Reuters) - Britain's biggest clothing retailer, Marks & Spencer, dismissed speculation on Wednesday that its chairman and chief executive, Luc Vandevelde, planed to relinquish the role of CEO in the next few months.
Retail News: Massive Services Sector Expands
April 03, 2002 12:13 PM ET
By Atiya Hussain
NEW YORK (Reuters) - The massive U.S. services sector expanded for the second straight month in March, indicating the non-manufacturing sector is recovering, a report showed on Wednesday.
April 03, 2002 12:13 PM ET
By Atiya Hussain
NEW YORK (Reuters) - The massive U.S. services sector expanded for the second straight month in March, indicating the non-manufacturing sector is recovering, a report showed on Wednesday.
Retail News: Pathmark Profits Down, but Beats Forecast
April 03, 2002 12:11 PM ET
NEW YORK (Reuters) - Regional supermarket chain Pathmark Stores Inc. PTMK.O on Wednesday said quarterly profits fell 18 percent, but results were better than expected as the economy improved and the grocer managed to hold on to its market share.
April 03, 2002 12:11 PM ET
NEW YORK (Reuters) - Regional supermarket chain Pathmark Stores Inc. PTMK.O on Wednesday said quarterly profits fell 18 percent, but results were better than expected as the economy improved and the grocer managed to hold on to its market share.
Retail News: MasterCard, Visa take retail battle to Supreme Court
April 03, 2002 05:20 PM ET
By Mary Kelleher
NEW YORK, April 3 (Reuters) - MasterCard and Visa U.S.A. have asked the U.S. Supreme Court to review a contested ruling making 4 million retailers part of an antitrust lawsuit against the top credit card networks.
April 03, 2002 05:20 PM ET
By Mary Kelleher
NEW YORK, April 3 (Reuters) - MasterCard and Visa U.S.A. have asked the U.S. Supreme Court to review a contested ruling making 4 million retailers part of an antitrust lawsuit against the top credit card networks.
Business News: Layoff Plans Fell 20 Percent in March
April 02, 2002 01:27 PM ET
NEW YORK (Reuters) - Layoff announcements at U.S. firms fell in March to the lowest level in 10 months but remained higher than the monthly average during the last recession, suggesting recovery could be slow and uneven, Challenger, Gray & Christmas said on Tuesday.
April 02, 2002 01:27 PM ET
NEW YORK (Reuters) - Layoff announcements at U.S. firms fell in March to the lowest level in 10 months but remained higher than the monthly average during the last recession, suggesting recovery could be slow and uneven, Challenger, Gray & Christmas said on Tuesday.
Retail News: Jones Apparel to pay $300,000 over care labels
April 02, 2002 04:20 PM ET
WASHINGTON, April 2 (Reuters) - Jones Apparel Group Inc. JNY.N has agreed to pay $300,000 as part of a settlement of allegations the clothing designer violated U.S. Federal Trade Commission rules on garment care labeling, the agency said Tuesday.
April 02, 2002 04:20 PM ET
WASHINGTON, April 2 (Reuters) - Jones Apparel Group Inc. JNY.N has agreed to pay $300,000 as part of a settlement of allegations the clothing designer violated U.S. Federal Trade Commission rules on garment care labeling, the agency said Tuesday.
Retail News: Nintendo May Consider GameCube Price Cut
April 01, 2002 07:07 PM ET
LOS ANGELES (Reuters) - Video game publisher and console maker Nintendo Co. Ltd. may cut the price of its new GameCube console later this year, depending on a similar price cut from Sony Corp. for its PlayStation 2, a company executive told Reuters on Monday.
April 01, 2002 07:07 PM ET
LOS ANGELES (Reuters) - Video game publisher and console maker Nintendo Co. Ltd. may cut the price of its new GameCube console later this year, depending on a similar price cut from Sony Corp. for its PlayStation 2, a company executive told Reuters on Monday.
Business News:Preteens keen on 'not for adults' magazine
By WALLACE IMMEN
Friday, March 29, 2002
It's not always easy to get kids reading, but Grade 5 students eagerly rushed a rack of magazines in the library at Grenoble Public School in Don Mills.
The latest issue of The Magazine Not for Adults arrived yesterday.
By WALLACE IMMEN
Friday, March 29, 2002
It's not always easy to get kids reading, but Grade 5 students eagerly rushed a rack of magazines in the library at Grenoble Public School in Don Mills.
The latest issue of The Magazine Not for Adults arrived yesterday.
Retail News:Kmart sales won't hurt rivals
March 28, 2002 12:01 PM ET
CHICAGO, March 28 (Reuters) - Liquidation sales for the 283 Kmart Corp. KM.N stores set for closure may not cause much disruption to sales at rivals Wal-Mart Stores Inc. WMT.N or Target Corp. TGT.N , UBS Warburg retail analyst Linda Kristiansen said in a research note on Thursday.
March 28, 2002 12:01 PM ET
CHICAGO, March 28 (Reuters) - Liquidation sales for the 283 Kmart Corp. KM.N stores set for closure may not cause much disruption to sales at rivals Wal-Mart Stores Inc. WMT.N or Target Corp. TGT.N , UBS Warburg retail analyst Linda Kristiansen said in a research note on Thursday.
Business News:Stride Rite Profit Off, Sees Weaker Year
March 26, 2002 10:46 AM ET
LEXINGTON, Mass. (Reuters) - Stride Rite Corp., the maker of Keds and Sperry casual shoes, said on Tuesday its fiscal first-quarter profit dipped 3.8 percent from a year earlier on weaker department store sales.
March 26, 2002 10:46 AM ET
LEXINGTON, Mass. (Reuters) - Stride Rite Corp., the maker of Keds and Sperry casual shoes, said on Tuesday its fiscal first-quarter profit dipped 3.8 percent from a year earlier on weaker department store sales.
Retail News:Drop in U.S. Retail Sales No Hurdle to Recovery
March 26, 2002 01:38 PM ET
By Pedro Nicolaci da Costa
NEW YORK (Reuters) - Cold weather put a crimp on U.S. chain store sales last week as unseasonable temperatures dampened demand for spring merchandise, two reports on Tuesday showed.
March 26, 2002 01:38 PM ET
By Pedro Nicolaci da Costa
NEW YORK (Reuters) - Cold weather put a crimp on U.S. chain store sales last week as unseasonable temperatures dampened demand for spring merchandise, two reports on Tuesday showed.
Retail News:U.S. consumers seen even more upbeat in March
March 25, 2002 02:57 PM ET
NEW YORK, March 25 (Reuters) - U.S. consumers probably got a lot more upbeat in March as signs of improvement in labor markets and stabilization in stocks lifted Americans' assessment of their finances and prospects for the future.
March 25, 2002 02:57 PM ET
NEW YORK, March 25 (Reuters) - U.S. consumers probably got a lot more upbeat in March as signs of improvement in labor markets and stabilization in stocks lifted Americans' assessment of their finances and prospects for the future.
Retail News:Gap celeb ad salvo leaves message unclear
March 25, 2002 03:18 PM ET
by Jackie Sindrich
NEW YORK, March 25 (Reuters) - Trying to turn around nearly two years of declining sales, Gap Inc. is running advertisements of a 40-something actor and an aging sculptor, among other offbeat celebrities.
March 25, 2002 03:18 PM ET
by Jackie Sindrich
NEW YORK, March 25 (Reuters) - Trying to turn around nearly two years of declining sales, Gap Inc. is running advertisements of a 40-something actor and an aging sculptor, among other offbeat celebrities.
Retail News:Walgreen Profits Rise on Market Share
March 25, 2002 04:58 PM ET
By Ellis Mnyandu
NEW YORK (Reuters) - Walgreen Co. WAG.N , the largest U.S. drugstore chain, on Monday reported a 10 percent rise in quarterly earnings as it cut prices to lure customers from rivals and opened new stores in high-traffic locations.
March 25, 2002 04:58 PM ET
By Ellis Mnyandu
NEW YORK (Reuters) - Walgreen Co. WAG.N , the largest U.S. drugstore chain, on Monday reported a 10 percent rise in quarterly earnings as it cut prices to lure customers from rivals and opened new stores in high-traffic locations.
Retail News:Harry Potter to work magic for Bloomsbury in 2002
March 20, 2002 04:37 AM ET
By Dan Lalor
LONDON, March 20 (Reuters) - Harry Potter publisher Bloomsbury Publishing Plc said on Wednesday its prospects for 2002 were excellent, as it prepares to publish "Harry Potter and the Order of the Phoenix", the fifth book in the best-selling series. "The next huge surge in Harry Potter sales will drive the group's future success," chairman Nigel Newton told Reuters. "The whole world wants to read this book".
March 20, 2002 04:37 AM ET
By Dan Lalor
LONDON, March 20 (Reuters) - Harry Potter publisher Bloomsbury Publishing Plc said on Wednesday its prospects for 2002 were excellent, as it prepares to publish "Harry Potter and the Order of the Phoenix", the fifth book in the best-selling series. "The next huge surge in Harry Potter sales will drive the group's future success," chairman Nigel Newton told Reuters. "The whole world wants to read this book".
Retail News:Yahoo Shopping Volume Surged During Sale
March 21, 2002 04:45 AM ET
PALO ALTO, Calif. (Reuters) - Yahoo! Inc. on Thursday said a special three-day sale it offered last week produced a 25 percent increase in gross merchandise sales over normal levels on Yahoo Shopping.
March 21, 2002 04:45 AM ET
PALO ALTO, Calif. (Reuters) - Yahoo! Inc. on Thursday said a special three-day sale it offered last week produced a 25 percent increase in gross merchandise sales over normal levels on Yahoo Shopping.
Retail News:Kmart's reigning restructurer aiming to bring it back
March 22, 2002 02:18 PM ET
By Angela Moore
NEW YORK, March 22 (Reuters) - Bankruptcy lawyer Jack Butler, who has restructured some of the biggest U.S. firms, says getting onto the field to referee a football game on a crisp Friday evening is what he likes to do best.
March 22, 2002 02:18 PM ET
By Angela Moore
NEW YORK, March 22 (Reuters) - Bankruptcy lawyer Jack Butler, who has restructured some of the biggest U.S. firms, says getting onto the field to referee a football game on a crisp Friday evening is what he likes to do best.
Retail News:Barnes & Noble swings to profit as sales rise
March 21, 2002 12:50 PM ET
By Ellis Mnyandu
NEW YORK, March 21 (Reuters) - Barnes & Noble Inc. BKS.N , the U.S. No. 1 bookseller, on Thursday reported a fourth-quarter profit, vs. a year-ago loss, on strong sales through the 2001 holiday shopping season despite a soft retailing climate.
March 21, 2002 12:50 PM ET
By Ellis Mnyandu
NEW YORK, March 21 (Reuters) - Barnes & Noble Inc. BKS.N , the U.S. No. 1 bookseller, on Thursday reported a fourth-quarter profit, vs. a year-ago loss, on strong sales through the 2001 holiday shopping season despite a soft retailing climate.
Retail News:Russia poultry ban may be windfall for US shoppers
March 21, 2002 05:19 PM ET
By Bob Burgdorfer
CHICAGO, March 21 (Reuters) - U.S. consumers may soon benefit from Russia's ban on U.S. chicken and turkey imports, since much of the 2 billion pounds sent to Russia each year may be diverted into U.S. stores, driving down prices and possibly hurting demand for beef and pork, analysts said.
March 21, 2002 05:19 PM ET
By Bob Burgdorfer
CHICAGO, March 21 (Reuters) - U.S. consumers may soon benefit from Russia's ban on U.S. chicken and turkey imports, since much of the 2 billion pounds sent to Russia each year may be diverted into U.S. stores, driving down prices and possibly hurting demand for beef and pork, analysts said.
Business News:Don't forget risks in Molson's move
Wednesday, March 20, 2002
Investors are giddy over Molson's prospects, but as promising as its Brazilian expansion strategy seems, there are also some sobering elements to the story.
Wednesday, March 20, 2002
Investors are giddy over Molson's prospects, but as promising as its Brazilian expansion strategy seems, there are also some sobering elements to the story.
Business News:IBM Canada to handle Aldo Group systems
Tuesday, March 19, 2002
IBM Canada Ltd. has struck a seven-year, $32.4-million outsourcing deal with Montreal-based Aldo Group Inc. to handle the footwear retailer's business software. The agreement announced yesterday will transfer 30 Aldo employees to IBM Canada of Markham, Ont. Aldo is the first client of IBM Global Services' Retail Solutions Centre in Montreal, meant to manage software needs for Quebec retailers. Aldo has more than 600 stores, including 450 in Canada.
Tuesday, March 19, 2002
IBM Canada Ltd. has struck a seven-year, $32.4-million outsourcing deal with Montreal-based Aldo Group Inc. to handle the footwear retailer's business software. The agreement announced yesterday will transfer 30 Aldo employees to IBM Canada of Markham, Ont. Aldo is the first client of IBM Global Services' Retail Solutions Centre in Montreal, meant to manage software needs for Quebec retailers. Aldo has more than 600 stores, including 450 in Canada.
Business News:Economic Growth in Europe Predicted
March 20, 2002
By THE ASSOCIATED PRESS
BRUSSELS, Belgium (AP) -- The European Union's head office raised its economic growth forecasts Wednesday, saying that growth could jump to above 2.5 percent in the fourth quarter of this year.
March 20, 2002
By THE ASSOCIATED PRESS
BRUSSELS, Belgium (AP) -- The European Union's head office raised its economic growth forecasts Wednesday, saying that growth could jump to above 2.5 percent in the fourth quarter of this year.
Retail News:Jones Buying Vanderbilt for $100 Million
March 19, 2002 03:22 PM ET
By Anna Driver
CHICAGO (Reuters) - Jones Apparel Group Inc. on Tuesday agreed to buy Gloria Vanderbilt Apparel Corp., a name synonymous with the mass-produced designer jeans in the 1980s, in a $100 million cash and stock deal aimed at growing sales in moderately priced retail chains.
March 19, 2002 03:22 PM ET
By Anna Driver
CHICAGO (Reuters) - Jones Apparel Group Inc. on Tuesday agreed to buy Gloria Vanderbilt Apparel Corp., a name synonymous with the mass-produced designer jeans in the 1980s, in a $100 million cash and stock deal aimed at growing sales in moderately priced retail chains.
Retail News:Levi Strauss Sales Slide
March 19, 2002 05:56 PM ET
By Michael Kahn
SAN FRANCISCO (Reuters) - Jeans maker Levi Strauss & Co. on Tuesday reported higher quarterly earnings boosted by lower interest costs and foreign exchange gains even though sales fell just as they have for the past five years.
March 19, 2002 05:56 PM ET
By Michael Kahn
SAN FRANCISCO (Reuters) - Jeans maker Levi Strauss & Co. on Tuesday reported higher quarterly earnings boosted by lower interest costs and foreign exchange gains even though sales fell just as they have for the past five years.
Trends:Red, White and True Blue
Thursday, March 14, 2002
For Americans ready to make patriotism a permanent part of their interiors comes wallpaper in the style of French toile bearing images of the White House, Washington Monument, Old Glory, Statue of Liberty and bald eagle amid boughs of cherry blossoms. Part of the new Rustic Charm line by Olney Wallcovering, its introduction was more aptly timed than the firm could have imagined. "We were already planning this motif," before September's terrorist attacks, said U.S. director of sales Clyde Ring. The patterns became available in January.
Thursday, March 14, 2002
For Americans ready to make patriotism a permanent part of their interiors comes wallpaper in the style of French toile bearing images of the White House, Washington Monument, Old Glory, Statue of Liberty and bald eagle amid boughs of cherry blossoms. Part of the new Rustic Charm line by Olney Wallcovering, its introduction was more aptly timed than the firm could have imagined. "We were already planning this motif," before September's terrorist attacks, said U.S. director of sales Clyde Ring. The patterns became available in January.
Retail News:Annapolis Faces Life Without Parole
By Nelson Hernandez
Washington Post Staff Writer
Thursday, March 14, 2002
There's not much merchandise left inside the Sears at Parole Plaza, the last store at what was once an Annapolis shopping mecca.
By Nelson Hernandez
Washington Post Staff Writer
Thursday, March 14, 2002
There's not much merchandise left inside the Sears at Parole Plaza, the last store at what was once an Annapolis shopping mecca.
Retail News:Yahoo promotes big sale
March 13, 2002
Troy Wolverton;Greg Sandoval, CNET News.com
Amid the post-holiday retail doldrums, Yahoo kicked off a three-day sale Wednesday that included everything from online tax-preparation fees to discounts at dozens of retailers on its site.
March 13, 2002
Troy Wolverton;Greg Sandoval, CNET News.com
Amid the post-holiday retail doldrums, Yahoo kicked off a three-day sale Wednesday that included everything from online tax-preparation fees to discounts at dozens of retailers on its site.
Retail News:Is Apple stocking its own shelves first?
March 13, 2002
Joe Wilcox, CNET News.com
Shortages of a hot new product have Macintosh dealers grumbling that Apple Computer is showing preferential treatment to company-owned retail stores--something the company promised would not happen.
Savvy shoppers are finding limited quantities of the new flat-panel iMac trickling into Apple's 28 retail stores, while Mac dealers amass huge waiting lists of customers. Some dealers claim they have received only five to 10 units since the new iMac's Jan. 7 debut, but they have waiting lists of 50 people or more. Apple stores and the company's online site have experienced backlogs too, but they've still been able to get their hands on hundreds of the popular computers. Some Apple stores even have models in stock right now.
March 13, 2002
Joe Wilcox, CNET News.com
Shortages of a hot new product have Macintosh dealers grumbling that Apple Computer is showing preferential treatment to company-owned retail stores--something the company promised would not happen.
Savvy shoppers are finding limited quantities of the new flat-panel iMac trickling into Apple's 28 retail stores, while Mac dealers amass huge waiting lists of customers. Some dealers claim they have received only five to 10 units since the new iMac's Jan. 7 debut, but they have waiting lists of 50 people or more. Apple stores and the company's online site have experienced backlogs too, but they've still been able to get their hands on hundreds of the popular computers. Some Apple stores even have models in stock right now.
Retail News:Amazon Japan to Launch Used-Goods Store in 2002
March 13, 2002 06:31 AM ET
TOKYO (Reuters) - Online retailer Amazon.com Inc said on Wednesday that its Japanese unit Amazon.co.jp will start selling used merchandise on its Web site by the end of 2002 to tap into the fast-growing online market for used goods.
March 13, 2002 06:31 AM ET
TOKYO (Reuters) - Online retailer Amazon.com Inc said on Wednesday that its Japanese unit Amazon.co.jp will start selling used merchandise on its Web site by the end of 2002 to tap into the fast-growing online market for used goods.
Retail News:As Stores Close, Suburbs Rethink the Mall
Lost in Space As Retailers Shut Stores, Empty Retail Space Is Problem for Some Communities
By Catherine Valenti March 12
For many suburban communities, space could be the final frontier.
Space right here on Earth, that is. Last week's announcement that Kmart plans to shut 284 stores is just the latest in a series of retail closings in recent years that have left gaping holes in many economically struggling communities.
Lost in Space As Retailers Shut Stores, Empty Retail Space Is Problem for Some Communities
By Catherine Valenti March 12
For many suburban communities, space could be the final frontier.
Space right here on Earth, that is. Last week's announcement that Kmart plans to shut 284 stores is just the latest in a series of retail closings in recent years that have left gaping holes in many economically struggling communities.
Business News:Drug Stores to Offer Senior Discount Card
March 11, 2002 01:11 PM ET
By Lisa Richwine
WASHINGTON (Reuters) - Chain drug stores that have opposed a Bush administration plan to give seniors a pharmacy discount card said Monday they would offer their own card to link various price cuts given by pharmaceutical companies.
March 11, 2002 01:11 PM ET
By Lisa Richwine
WASHINGTON (Reuters) - Chain drug stores that have opposed a Bush administration plan to give seniors a pharmacy discount card said Monday they would offer their own card to link various price cuts given by pharmaceutical companies.
Business News:Rising oil prices may point to US summertime blues
March 11, 2002 01:15 PM ET
By Jon Herskovitz
NEW YORK, March 11 (Reuters) - With a few extra pennies at the gasoline pump and a couple more dollars tacked onto electricity bills, U.S. consumers are starting to see the effects of rising oil prices.
March 11, 2002 01:15 PM ET
By Jon Herskovitz
NEW YORK, March 11 (Reuters) - With a few extra pennies at the gasoline pump and a couple more dollars tacked onto electricity bills, U.S. consumers are starting to see the effects of rising oil prices.
Business News:Gas Prices Have 2nd Biggest Weekly Jump
March 11, 2002 05:59 PM ET
By Tom Doggett
WASHINGTON (Reuters) - U.S. retail gasoline prices had the second-biggest weekly increase on record due to higher crude oil costs, jumping an average 7.9 cents a gallon over the last week to $1.223, the Energy Department said Monday.
March 11, 2002 05:59 PM ET
By Tom Doggett
WASHINGTON (Reuters) - U.S. retail gasoline prices had the second-biggest weekly increase on record due to higher crude oil costs, jumping an average 7.9 cents a gallon over the last week to $1.223, the Energy Department said Monday.
Retail News:Cold weather crimped U.S. retail sales last week
March 12, 2002 11:37 AM ET
By Pedro Nicolaci da Costa
NEW YORK, March 12 (Reuters) - A bout of unseasonably cold weather in parts of the country put a damper on retail sales at U.S. chain stores last week, two reports showed on Tuesday.
March 12, 2002 11:37 AM ET
By Pedro Nicolaci da Costa
NEW YORK, March 12 (Reuters) - A bout of unseasonably cold weather in parts of the country put a damper on retail sales at U.S. chain stores last week, two reports showed on Tuesday.
Hudson's Bay profit falls
By MARINA STRAUSS
RETAILING REPORTER
Saturday, March 9, 2002
Hudson's Bay Co. suffered lower profit in its fourth quarter and for the year, the victim of fierce price discounting, weak clothing sales and tight-fisted consumers looking for bargains.
By MARINA STRAUSS
RETAILING REPORTER
Saturday, March 9, 2002
Hudson's Bay Co. suffered lower profit in its fourth quarter and for the year, the victim of fierce price discounting, weak clothing sales and tight-fisted consumers looking for bargains.
Business News:TD may pare Wal-Mart plans
Bank said aiming to place outlets in fewer U.S. stores than originally expected
By JOHN PARTRIDGE
Monday, March 11, 2002
Toronto-Dominion Bank may be scaling back its ambitious plan to sell financial services through hundreds of Wal-Mart Stores Inc. outlets in the United States.
Bank said aiming to place outlets in fewer U.S. stores than originally expected
By JOHN PARTRIDGE
Monday, March 11, 2002
Toronto-Dominion Bank may be scaling back its ambitious plan to sell financial services through hundreds of Wal-Mart Stores Inc. outlets in the United States.
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