Edition:
United States

Dhanya Skariachan

RadioShack closing 1,100 stores after sales tumble 20 percent

Mar 04 2014

RadioShack Corp said it will close up to 1,100 U.S. stores after reporting a wider quarterly loss and huge drop in sales during the holidays that raised concerns about the longer-term prospects for the U.S. electronics chain.

Better profit at Best Buy in holiday quarter cheers investors

Feb 27 2014

U.S. retailer Best Buy Co Inc reported a better-than-expected profit in the quarter covering the holiday season and said it would more aggressively cut costs this year to fund its turnaround efforts, sending shares higher in midday trading.

Best Buy profit beats, set to cut costs more; shares jump

Feb 27 2014

U.S. retailer Best Buy Co Inc reported a better-than-expected quarterly profit on Thursday and announced more aggressive cost cuts this year, sending its shares up nearly 6 percent in morning trading.

Cost cuts boost Best Buy quarterly profit, shares surge

Feb 27 2014

Best Buy Co Inc reported a better-than-expected quarterly profit Thursday on lower expenses and said it was running ahead of plan in terms of cutting costs, sending its shares up 6 percent in premarket trading.

Target shares recover after reassurance on data breach impact

Feb 26 2014

NEW YORK/BOSTON Target Corp shares made strong gains after it reassured investors that customers were beginning to return to its U.S. stores, suggesting that the impact of a massive data breach may not be as severe as some had feared. | Video

Target warns data breach could hurt future profit

Feb 26 2014

NEW YORK/BOSTON Target Corp warned that costs tied to a cyber attack that affected tens of millions of shoppers could hurt its results in the first quarter and beyond, but shares rose as its full-year outlook was better than some investors had feared.

Target warns cost of data breach could hurts profit in future

Feb 26 2014

NEW YORK, Feb 26 Target Corp's net profit almost halved in the holiday quarter as the third-largest U.S. retailer dealt with the fallout of a massive data breach and warned that costs related to the event could hurt future profits.

Home Depot sees post-winter repairs boosting spring sales

Feb 25 2014

Winter storms and record cold in much of the United States hurt Home Depot's fourth quarter sales of everything from lumber to building materials. | Video

Data breach costs seen crimping Target's firepower for buybacks

Feb 24 2014

NEW YORK Several analysts expect Target Corp to slash its share buybacks as the third-largest U.S. retailer copes with costs tied to the massive data breach that affected millions of customers.

Grocer Safeway says exploring sale of company

Feb 19 2014

NEW YORK Safeway Inc , the second-largest U.S. mainstream grocery store operator, said on Wednesday it is in talks about a possible sale of the company.

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