British supermarkets’ plea to shoppers: stop panic buying
LONDON (Reuters) – Britain’s food retailers appealed to shoppers on Sunday to stop panic buying during the coronavirus outbreak, saying…
Best Buy starts investigation into CEO’s personal conduct
FILE PHOTO: A sign marks a Best Buy store in Salem, New Hampshire, U.S., November 25, 2019. REUTERS/Brian Snyder (Reuters)…
Wall Street Weekahead: Investors look at dollar stores as U.S. recession fears increase
NEW YORK (Reuters) – More investors are watching the shares of discount retailers like Dollar General Corp (DG.N) and Dollar…
Wall St. slips after three days of gains; Home Depot rises
(Reuters) – Wall Street’s main indexes edged lower on Tuesday after three sessions of gains, as lower Treasury yields weighed…
U.S. surfboard makers not so stoked about China tariffs
LOS ANGELES (Reuters) – President Donald Trump’s decision to slap 10% tariffs on imported surfboards convinced surf executive Sue Bowers…
Wall Street tumbles on rising fears of recession
(Reuters) – Wall Street main indexes slid more than 2% on Wednesday, as a closely watched U.S. bond market indicator…
Investors look for consumer pressure ahead of next tariffs
(Reuters) – As President Donald Trump prepares to slap new tariffs on Chinese imports, investors are bracing for signs of…
Amazon U.S. rivals get sales boost on Prime Day: Adobe
(Reuters) – Several large U.S. retailers recorded higher sales on the first day of Amazon.com Inc’s Prime Day shopping event…
Amazon rivals ride on Prime Day marketing as protests unfold
NEW YORK (Reuters) – Amazon.com Inc’s Prime Day is now a major marketing opportunity and shopping event in the annual…
Walmart says Mexico same-store sales rise 4.7% in June
Costumers shop inside a Walmart store in Mexico City, Mexico March 28, 2019. Picture taken March 28, 2019. REUTERS/Edgard Garrido…
Target says registers back online, blames outage on technology issue
(Reuters) – Target Corp on Saturday said its payment registers were back online after a systems outage stopped customers in…
Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal
MEXICO CITY (Reuters) – Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee…
How tariff hikes are squeezing the U.S. furniture business
LOS ANGELES/CHICAGO (Reuters) – When President Donald Trump decided to raise tariffs on Chinese imports earlier this month, Francis O’Brien…
U.S. fund managers brace for consumer slowdown
(Reuters) – With expectations for slowing growth escalating, U.S. fund managers are selectively avoiding stocks in consumer companies as lofty…
Sears Chair Lampert makes $4.4 billion bid to keep retailer alive
(Reuters) – Sears Holdings Corp Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt U.S. retailer, representing…
Investors caught in crossfire of fight for holiday shoppers
NEW YORK (Reuters) – Investors would normally be thankful for a strong U.S. economy, yet this holiday season they worry…
Walmart stumbles with its ‘last mile’ package delivery plan
EAST BRUNSWICK, N.J. (Reuters) – Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical…
U.S. Supreme Court backs American Express in merchant fee dispute
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday sided with American Express Co and against 11 states, ruling that…
Exclusive: Hudson’s Bay seeks to revive Lord & Taylor’s fortunes
(Reuters) – Hudson’s Bay Co (HBC.TO) is working with investment bankers and consultants to identify deals and new measures to…
South Dakota e-commerce sale tax fight reaches U.S. Supreme Court
WASHINGTON (Reuters) – A high-stakes showdown at the U.S. Supreme Court on Tuesday will determine whether states can force out-of-state…
Facebook’s Zuckerberg faces Senate hearing but little hope for action
WASHINGTON (Reuters) – Facebook (FB.O) Chief Executive Mark Zuckerberg’s No. 1 mission during his appearance before U.S. lawmakers on Tuesday…