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.
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.
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