It means more shoppers are in stores, but they’re also spending more carefully. That’s not necessarily bad news for the holiday season. It’s just that retailers have accepted they’ll have to work hard this year to keep register…
In a sign that holiday sales season will be better than initially expected, business inventories rose 0.9% in September as companies re-stocked their shelves for the nation’s busiest shopping period. The increase also suggests …
Loehmann’s Holdings Inc., filed for bankruptcy after failing to exchange $110 million of bonds, Bloomberg News reported.
“The decline in economic conditions in several markets in which Loehmann’s stores are concentrated, mainly California, the Northe…
The world’s second-largest home improvement retailer reported that its earnings rose 17% in the third quarter. While the profit beat analysts’ estimates, sales came in lower than expectations.
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Walmart (WMT) will try to pick up its holiday sales by remaining opened on Thanksgiving. Sears (SHLD) will match that.
Continue reading Walmart, Sears to Open Stores on Thanksgiving
Walmart, Sear…