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.
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.
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.
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.
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
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.
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
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
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.
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.