United States

Nandita Bose

4:14pm EST

U.S. department stores steady profitability boat even as sales slide

CHICAGO U.S. department store chains, hit by slowing sales for more than two years, have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins.

Jan 18 2017

Target cuts earnings forecast due to weak holiday sales

Target Corp became the latest U.S. brick-and-mortar chain to report disappointing results for the holiday season, cutting its quarterly earnings forecast after sales for the crucial November-December period came in lower than expected.

Jan 17 2017

Wal-Mart, General Motors reaffirm jobs long planned, Trump says thanks

Wal-Mart Stores Inc and General Motors Co on Tuesday became the latest companies to win praise from President-elect Donald Trump for adding U.S. jobs and investment, even though much of their plans were previously announced. | Video

Jan 05 2017

U.S. department store challenges fail to rattle some investors

CHICAGO Weak holiday sales by some U.S. department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery.

Jan 05 2017

Macy's, Kohl's slash 2016 profit forecasts citing weak holiday sales

Department store chains Macy's Inc and Kohl's Corp both cut their 2016 profit forecasts on Wednesday, after holiday season sales fell more than expected, pushing down shares in the retail sector in extended trading.

Dec 28 2016

Last-minute spending surge lifts U.S. holiday shopping season

CHICAGO A jump in consumer spending in the final stretch of December significantly offset a slow start to the U.S. holiday shopping season, and is likely to help many retailers beat sales forecasts, industry research groups said on Tuesday.

Dec 14 2016

Shippers, online retailers seek way around rising delivery costs

ADDISON, Ill. In an unassuming building in the Chicago suburb of Addison, United Parcel Service Inc engineers design custom boxes for retailers as part of a joint effort to tackle a vexing issue: the high cost of delivering e-commerce packages.

Dec 07 2016

Retailer Wal-Mart de Mexico to invest $1.3 billion in Mexico

MEXICO CITY/ CHICAGO Retailer Wal-Mart de Mexico said on Wednesday it will invest $1.3 billion in logistics in Latin America's No. 2 economy, in what is perceived as a show of commitment to Mexico at a time of uncertainty after the election of Donald Trump.

Nov 28 2016

U.S. Cyber Monday sales jump, set to surpass initial estimate

U.S. online sales gained momentum on Cyber Monday and are set to surpass initial expectations by hitting a record $3.39 billion as consumers snapped up deals on the busiest day of the year for internet shopping. | Video

Nov 27 2016

U.S. shoppers spend less over holiday weekend amid discounting

CHICAGO Early holiday promotions and a belief that deals will always be available took a toll on consumer spending over the Thanksgiving weekend as shoppers spent an average of 3.5 percent less than a year ago, the National Retail Federation said on Sunday.


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