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.
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.
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