Edition:
United States

Nandita Bose

Macy's cuts profit, sales forecast after weak holiday season

Jan 10 2019

Macy's Inc shares plunged 18 percent on Thursday after the department store operator slashed its full-year profit and sales forecast on the back of an anemic holiday season, sending a chill through the wider retail sector.

CORRECTED-WRAPUP 1-Macy's shares sink after it trims full-year sales forecast

Jan 10 2019

Jan 10 Macy's Inc cut its full-year comparable sales forecast on Thursday while year-end sales growth at rival Kohl's Corp disappointed investors, signaling retailers' continued struggle to keep up with a shift towards online shopping.

Sears workers demand hardship fund after Toys 'R' Us success

Jan 09 2019

As Sears Holdings Corp teeters on the brink of liquidation, its employees are pushing for a hardship fund they hope can replicate the success of bankrupt retailer Toys 'R' Us, whose workers collected $20 million in severance pay from its former owners.

Sears workers demand hardship fund after Toys 'R' Us success

Jan 08 2019

As Sears Holdings Corp teeters on the brink of liquidation, its employees are pushing for a hardship fund they hope can replicate the success of bankrupt retailer Toys 'R' Us, whose workers collected $20 million in severance pay from its former owners.

Sears workers demand hardship fund after Toys 'R' Us success

Jan 08 2019

As Sears Holdings Corp teeters on the brink of liquidation, its employees are pushing for a hardship fund they hope can replicate the success of bankrupt retailer Toys 'R' Us, whose workers collected $20 million (16 million pounds) in severance pay from its former owners.

European retail storm casts a shadow over U.S. holiday shopping

Dec 19 2018

NEW YORK A slowdown in global consumer confidence threatens to overshadow the holiday shopping season in the United States, which despite a strong start is not immune to developments in Europe.

European retail storm casts a shadow over U.S. holiday shopping

Dec 19 2018

NEW YORK A slowdown in global consumer confidence threatens to overshadow the holiday shopping season in the United States, which despite a strong start is not immune to developments in Europe. Super Saturday, the last before Christmas and the biggest shopping day of the U.S. holiday season, is likely to bring in more than $26 billion in revenue, retail consultancy Customer Growth Partners (CGP) said, up from $24.5 billion a year ago.

European retail storm casts a shadow over U.S. holiday shopping

Dec 19 2018

* Falling gasoline price to free up $3 bln for U.S. retail spending -analyst

Deliv signs up 20 new U.S. retailers for same-day delivery

Dec 13 2018

Deliv Inc, which uses contract drivers to deliver online orders from stores and malls for a fee, said on Thursday it is partnering with twenty new U.S. retailers including Nike and Bed Bath & Beyond as demand for same-day delivery surges.

Opening on Thanksgiving hurts retailers more than it helps

Nov 27 2018

NEW YORK As store sales fall and purchases shift online over the Thanksgiving weekend, many U.S. retailers still open their doors on Thanksgiving itself, Thursday evening - to their detriment.

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