Wal-Mart is seeing the future, and the future isn’t more shoppers driving through stop-and-go traffic to big boxes at the edge of town. It’s online shopping. The giant retailer plans to plunk down a princely $3.3 billion for Jet.com, an e-commerce company.
Retailers are struggling to meet even modest forecasts for the holiday shopping season this year after the “Super Saturday” before Christmas failed to live up to its nickname, industry research groups said.
New York (AFP) — Wall Street stocks Friday moved lower in early trade after the Labor Department reported the U.S. economy added just 142,000 jobs in August. About 50 minutes into trade, the Dow Jones Industrial Average dropped 35.69 points (0.21 percent) to 17,033.89. The broad-based S&P 500 shed 4.30 (0.22 percent) to 1,993.35, while […]
New York (AFP) — The U.S. retail chain Albertsons, which has 1,060 department stores in the United States, and its former owner SuperValu say their computer systems have been raided by hackers seeking credit card data. Both companies acknowledged the intrusion in statements released overnight Thursday. They said it was not yet clear if credit […]
Washington (AFP) – U.S. retail sales leaped higher in March, giving further evidence of stronger economic activity after a particularly brutal winter, government data showed Monday. Retail and food services sales surged 1.1 percent from February to $433.9 billion, slightly above the average analyst estimate, according to the Commerce Department. The February gain was revised […]
By Nicole Brodeur, The Seattle Times SEATTLE — She’s tiny. Can barely finish a plate of berries. She’s left-handed. Says things like “No. Way.” And to every person who approached her at the downtown Nordstrom shoe department last week, she extended a hand. “I’m Sarah Jessica,” she said. “Very nice to meet you.” Sex and […]
Washington (AFP) – U.S. retail sales fell unexpectedly for the second straight month in January, dragged down by a drop in auto sales, government data showed Thursday. Retail and food service sales dropped 0.4 percent from December, the Commerce Department said. Excluding auto sales, retail sales were flat in January. Sales of motor vehicles and […]