Brands + Retail

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  • A family leaves the Staples store in Broomfield
    Staples sales fall for eighth straight quarter

    Staples struck a deal in February to buy Office Depot for $6.3 billion to better compete against Wal-Mart Stores Inc and Amazon.com Inc , which have been taking business from traditional …

    A family leaves the Staples store in Broomfield

    Staples struck a deal in February to buy Office Depot for $6.3 billion to better compete against Wal-Mart Stores Inc and Amazon.com Inc , which have been taking business from traditional sellers of paper, pens and toner. "We are very pleased with the progress we are making on the transaction," Staples Chief …

  • Shoppers wait to pay in Costco in Fairfax, Virginia
    Costco's quarterly profit tops estimates on tax benefit

    Costco Wholesale Corp reported a better-than-expected quarterly profit, helped by a tax benefit related to its special cash dividend last month. Costco, the third-largest U.S. retailer, said net income …

    Shoppers wait to pay in Costco in Fairfax, Virginia

    Costco Wholesale Corp reported a better-than-expected quarterly profit, helped by a tax benefit related to its special cash dividend last month. Costco, the third-largest U.S. retailer, said net income ...

  • A Target logo is seen during the going-out-of-business sale at Target Canada in Toronto
    Target to cut thousands of jobs, eyes $2 billion in cost cuts

    (Reuters) - U.S. retailer Target Corp on Tuesday said it planned to cut several thousand jobs, mainly from headquarters locations, as part of a restructuring that will cut $2 billion in costs over two …

    A Target logo is seen during the going-out-of-business sale at Target Canada in Toronto

    (Reuters) - U.S. retailer Target Corp on Tuesday said it planned to cut several thousand jobs, mainly from headquarters locations, as part of a restructuring that will cut $2 billion in costs over two years. The cost-cutting forms a key plank of a revival plan outlined by Chief Executive Officer Brian Cornell, who is seeking …

  • Best Buy earnings top forecast, hikes dividend, plans one-time payout from legal settlements

    Best Buy Co. raised its quarterly dividend 21 per cent and plans to give shareholders an additional one-time payment after the nation's largest electronics chain reported a better-than-expected fourth-quarter …

    People wait in line to buy electronic items at a Best Buy store in Westbury, New York

    Best Buy Co. raised its quarterly dividend 21 per cent and plans to give shareholders an additional one-time payment after the nation's largest electronics chain reported a better-than-expected fourth-quarter ...

  • Luxury shopping hub Hong Kong records worst retail sales since SARS

    By Donny Kwok and Clare Baldwin HONG KONG, March 3 (Reuters) - Hong Kong retail sales in January slid 14.6 percent from a year earlier in their worst showing since the Asian financial hub was routed by …

    Shoppers cross a street at the Causeway Bay shopping district in Hong Kong

    By Donny Kwok and Clare Baldwin HONG KONG, March 3 (Reuters) - Hong Kong retail sales in January slid 14.6 percent from a year earlier in their worst showing since the Asian financial hub was routed by the severe acute respiratory syndrome scare in 2003. Big spending mainland Chinese shoppers are avoiding Hong Kong after …

  • Ikea to sell furniture that can wirelessly charge mobile devices

    Getting caught with a dead smartphone could soon be a thing of the past as Swedish furniture maker Ikea will soon launch a line of desks, lamps and bedside tables that will wirelessly charge mobile devices. …

    Les meubles Ikea vont bientôt recharger vos téléphones

    Getting caught with a dead smartphone could soon be a thing of the past as Swedish furniture maker Ikea will soon launch a line of desks, lamps and bedside tables that will wirelessly charge mobile devices. Next month, Ikea says it will launch a line of furniture that comes embedded with Qi technology, the world's leading …

  • VF Corporation’s Retail Footprint Is A Critical Growth Driver

    Direct-to-consumer sales include sales made through VFC-owned retail stores and its e-commerce websites. DTC sales outpaced overall revenue growth in 2014.

    Direct-to-consumer sales include sales made through VFC-owned retail stores and its e-commerce websites. DTC sales outpaced overall revenue growth in 2014.

  • McDonald’s Size Amplifies Any Menu Changes

    With 14,350 U.S. restaurants selling more than 100 different menu items, even slight changes to McDonald’s Corp.’s supply chain can cause headaches. So the fast-food giant has been planning extensively …

    The menu at the drive-in section to a  McDonald's restaurant is shown in Encinitas, California

    With 14,350 U.S. restaurants selling more than 100 different menu items, even slight changes to McDonald’s Corp.’s supply chain can cause headaches. So the fast-food giant has been planning extensively for its shift to chicken made from birds raised without antibiotics that are important to human health, though work remains …

  • Unions, charity accuse McDonald's of avoiding $1.1 billion in tax

    Labor unions and a charity accused fast food chain McDonald's of avoiding around 1 billion euros ($1.1 billion) in tax between 2009 and 2013 by routing revenues through a Luxembourg unit and called on …

    Advertising is shown at a McDonald's restaurant in Encinitas, California.

    Labor unions and a charity accused fast food chain McDonald's of avoiding around 1 billion euros ($1.1 billion) in tax between 2009 and 2013 by routing revenues through a Luxembourg unit and called on the European Commission to investigate. Corporate tax avoidance has become a hot political issue in Europe and the EU …

  • Kit and Ace steps up international growth with Lululemon founder backing

    By Solarina Ho TORONTO (Reuters) - Kit and Ace, a Canadian apparel start-up backed by the billionaire founder of Lululemon, will open stores in London, Australia and Japan this year, ahead of schedule, …

    A sign hangs outside the Kit and Ace flagship store in Vancouver

    By Solarina Ho TORONTO (Reuters) - Kit and Ace, a Canadian apparel start-up backed by the billionaire founder of Lululemon, will open stores in London, Australia and Japan this year, ahead of schedule, prompted partly by choice real estate, one of its senior executives said. The ramp-up in Kit and Ace's growth plans comes …

  • IKEA and Samsung launch embedded wireless charging range

    Samsung Electronics Co and IKEA both announced ambitious wireless charging plans at this week's Mobile World Congress (MWC), in conjunction with the Wireless Power Consortium (WPC). The WPC is an industry …

    Samsung Electronics Co and IKEA both announced ambitious wireless charging plans at this week's Mobile World Congress (MWC), in conjunction with the Wireless Power Consortium (WPC). The WPC is an industry body which controls the Qi (PRON: Chee) wireless charging standard, currently powering 80 handsets and 15 cars on the …

  • Citigroup's past losses may have helped it win Costco business

    By David Henry NEW YORK (Reuters) - Citigroup Inc had at least one advantage in its successful bid for the exclusive right to issue credit cards for Costco Wholesale Corp, rivals and tax specialists say: …

    A woman walks past a Citibank logo displayed outside the Citibank Plaza in Hong Kong

    By David Henry NEW YORK (Reuters) - Citigroup Inc had at least one advantage in its successful bid for the exclusive right to issue credit cards for Costco Wholesale Corp, rivals and tax specialists say: it lost so much money during the financial crisis that it has billions of dollars of tax credits.     Citigroup and …

  • Walmart’s Key Challenges In Its Business Environment

    The NLRB filed a complaint last January. It accused Walmart of violating labor laws. The NLRB claims that the retailer acted against workers who joined unions.

    The NLRB filed a complaint last January. It accused Walmart of violating labor laws. The NLRB claims that the retailer acted against workers who joined unions.

  • Caxton Associates initiates a new position in Walmart

    Walmart's revenues increased 1.4% to $141.6 billion in the quarter ending January 30, 2015.

    Walmart's revenues increased 1.4% to $141.6 billion in the quarter ending January 30, 2015.

  • Walmart’s Outlook – Affected By Headwinds And Tailwinds

    Walmart's outlook also tends to benefit when the economy improves. When employment and disposable income rise, people tend to spend more.

    Walmart's outlook also tends to benefit when the economy improves. When employment and disposable income rise, people tend to spend more.

  • Cash Is King – Analyzing Valuations For Walmart And Its Peers

    Walmart (WMT) has been plagued by negative comps in key markets lately. Between January 2014 and January 2015, Walmart's valuations increased.

    Walmart (WMT) has been plagued by negative comps in key markets lately. Between January 2014 and January 2015, Walmart's valuations increased.

  • Retail sales in eurozone rise at fastest since May 2013, in latest sign of economic strength

    LONDON - The 19-country eurozone's economy is kicking into a higher gear thanks to falling oil prices and the lower euro, but the recovery is still far short of that experienced by the U.S.

    A frayed EU flag flutters atop the Greek Ministry of Finance in central Athens

    LONDON - The 19-country eurozone's economy is kicking into a higher gear thanks to falling oil prices and the lower euro, but the recovery is still far short of that experienced by the U.S.

  • Why Walmart’s Stock Is Less Volatile

    Walmart (WMT) has a history of increasing dividends. Its stock is classified as a dividend aristocrat. At 2.4%, Walmart’s dividend yield is healthy.

    Walmart (WMT) has a history of increasing dividends. Its stock is classified as a dividend aristocrat. At 2.4%, Walmart’s dividend yield is healthy.