Brands + Retail

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  • General view shows a Wal-Mart store in Monterrey
    Wal-Mart must face U.S. class action over alleged Mexican bribery

    In a decision on Tuesday, U.S. District Judge Susan Hickey in Fayetteville, Arkansas rejected Wal-Mart's contention that a Michigan pension fund had no standing to lead the case because it had not suffered …

    General view shows a Wal-Mart store in Monterrey

    In a decision on Tuesday, U.S. District Judge Susan Hickey in Fayetteville, Arkansas rejected Wal-Mart's contention that a Michigan pension fund had no standing to lead the case because it had not suffered losses on the retailer's stock. The decision means shareholders can sue Wal-Mart and former Chief Executive Mike Duke …

  • Sears isn't going bankrupt anytime soon thanks to some fancy financial footwork
    Cancel the blue-light special—Sears isn't going bankrupt anytime soon

    Despite the latest chatter about Sears' inevitable demise, analysts say the company has plenty of levers to pull to stay afloat this Christmas.

    Sears isn't going bankrupt anytime soon thanks to some fancy financial footwork

    Despite the latest chatter about Sears' inevitable demise, analysts say the company has plenty of levers to pull to stay afloat this Christmas.

  • Fast-food menu tests suggest upscale items could be coming to McDonald's, Wendy's
    Fast-food menu tests suggest upscale items could be coming to McDonald's, Wendy's

    Several fast-food menu tests at McDonald's and Wendy's suggest that upscale items could be hitting the menu soon.

    Fast-food menu tests suggest upscale items could be coming to McDonald's, Wendy's

    Several fast-food menu tests at McDonald's and Wendy's suggest that upscale items could be hitting the menu soon.

  • Council rejects regulating clothing donation bins
    Council rejects regulating clothing donation bins

    There could be an impending turf war between for-profit companies and charities competing for clothing donations in Windsor, the CEO of Goodwill Industries warns. City council rejected a motion to regulate …

    Council rejects regulating clothing donation bins

    There could be an impending turf war between for-profit companies and charities competing for clothing donations in Windsor, the CEO of Goodwill Industries warns. City council rejected a motion to regulate charity donation boxes at Monday's meeting. "They're coming,' Smith said.

  • Shopping carts are seen outside a new Wal-Mart Express store in Chicago
    Wal-Mart completes acquisition of Jet.com

    Wal-Mart Stores Inc (NYSE:WMT - News) on Monday said it has completed the acquisition of internet retailer Jet.com after agreeing to pay about $3 billion for the e-commerce startup last month. Wal-Mart …

    Shopping carts are seen outside a new Wal-Mart Express store in Chicago

    Wal-Mart Stores Inc (NYSE:WMT - News) on Monday said it has completed the acquisition of internet retailer Jet.com after agreeing to pay about $3 billion for the e-commerce startup last month. Wal-Mart Chief Executive Doug McMillon announced the closing of the deal, which was pending regulatory approval, in a blog post …

  • Sears to shut 64 more Kmart stores: source

    Sears, which has posted a quarterly profit just once in the last four years, said in April it would close 68 Kmart discount stores and 10 Sears department stores to cut costs. Once the largest U.S. retailer, …

    A Sears logo is seen inside a department store in Garden City, New York

    Sears, which has posted a quarterly profit just once in the last four years, said in April it would close 68 Kmart discount stores and 10 Sears department stores to cut costs. Once the largest U.S. retailer, Sears has lost its standing as customers move to online shopping or rivals such as Wal-Mart Stores Inc (NYSE:WMT …

  • Best Buy, Target announce $50 offers amid Apple Watch Series 2 delays

    Customers who pre-ordered the new Apple Watch from Best Buy or Target may see delayed delivery, the companies said.

    Best Buy, Target announce $50 offers amid Apple Watch Series 2 delays

    Customers who pre-ordered the new Apple Watch from Best Buy or Target may see delayed delivery, the companies said.

  • Ron Joyce, Tim Hortons co-founder gives $2M to Holland College

    The money will also help fund academic support services at the Summerside Waterfront Campus, the Marine Centre, the Atlantic Police Academy and the West Prince Campus. In recognition for the gift, the …

    Ron Joyce, Tim Hortons co-founder gives $2M to Holland College

    The money will also help fund academic support services at the Summerside Waterfront Campus, the Marine Centre, the Atlantic Police Academy and the West Prince Campus. In recognition for the gift, the new home for student academic services at the Summerside Waterfront Campus will be named The Joyce Family Centre for Academic …

  • Starbucks allows long-term shareholders to nominate board members

    A shareholder or a group of up to 20 shareholders, owning at least 3 percent of the company's outstanding stock for at least three years, can nominate up to two directors or 20 percent of the board, whichever …

    AStarbucks cafe is pictured in Paris

    A shareholder or a group of up to 20 shareholders, owning at least 3 percent of the company's outstanding stock for at least three years, can nominate up to two directors or 20 percent of the board, whichever is greater, the coffee chain said in a filing on Friday. Halliburton Co (NYSE:HAL - News), the world's No.2 oilfield …

  • Costco accused of improper sales tax charges on toilet paper

    A New Jersey couple said they were charged 7 percent sales tax on Charmin toilet tissue purchases despite that item being exempt from tax.

    Costco accused of improper sales tax charges on toilet paper

    A New Jersey couple said they were charged 7 percent sales tax on Charmin toilet tissue purchases despite that item being exempt from tax.

  • Lululemon founder Chip Wilson: Why speed is critical for entrepreneurs

    Now on to his next retail play, Wilson has a message for would-be entrepreneurs: crank up the speed.

    Lululemon founder Chip Wilson: Why speed is critical for entrepreneurs

    Now on to his next retail play, Wilson has a message for would-be entrepreneurs: crank up the speed.

  • Wal-Mart Canada to extend Visa ban to more stores from October 24

    Manitoba was "most ready" for the move on Visa cards, Wal-Mart spokesman Alex Roberton said, without giving any details on why the province was chosen. Wal-Mart Canada stopped accepting Visa cards in …

    The logo of Down Jones Industrial Average stock market index listed company Walmart

    Manitoba was "most ready" for the move on Visa cards, Wal-Mart spokesman Alex Roberton said, without giving any details on why the province was chosen. Wal-Mart Canada stopped accepting Visa cards in three Thunder Bay, Ontario stores in July and said the step would be mirrored across the country.

  • U.S. retail sales, factory output slump; third-quarter growth forecast cut

    U.S. retail sales fell more than expected in August amid weak purchases of automobiles and a range of other goods, pointing to cooling domestic demand that further diminishes expectations of a Federal …

    Automobiles are shown for sale at a car dealership in Carlsbad California

    U.S. retail sales fell more than expected in August amid weak purchases of automobiles and a range of other goods, pointing to cooling domestic demand that further diminishes expectations of a Federal Reserve interest rate increase next week. If the Fed is data dependent, then the next time a hike would likely come is …

  • Why 4% growth is the secret ingredient for Wal-Mart beating Amazon

    Investors shouldn't get hung up on Wal-Mart and Amazon's comparative digital growth rates, Moody's says.

    Why 4% growth is the secret ingredient for Wal-Mart beating Amazon

    Investors shouldn't get hung up on Wal-Mart and Amazon's comparative digital growth rates, Moody's says.

  • Demolition begins at Regina's Sears Warehouse building

    Demolition to part of the historic building began on Wednesday. Hungerford Properties, based out of Vancouver, bought the 33-acre property last month, and is redeveloping it into a 176,000-square-foot …

    Demolition begins at Regina's Sears Warehouse building

    Demolition to part of the historic building began on Wednesday. Hungerford Properties, based out of Vancouver, bought the 33-acre property last month, and is redeveloping it into a 176,000-square-foot warehouse space. "We are excited to offer what has been missing in Regina for a long time — larger warehouse space for …

  • Bove: Wells Fargo will make retail banks 'rethink' how pay works

    After Wells Fargo pledges to eliminate sales goals for retail bankers, other big banks may need to do the same.

    Traders debate whether banks are a buy after no good, very bad week

    After Wells Fargo pledges to eliminate sales goals for retail bankers, other big banks may need to do the same.

  • It's time to buy retail stocks and financials, Credit Suisse says

    Retail and financials are among the cyclical stocks that have "deeply attractive" valuations, Credit Suisse's Lori Calvasina says.

    It's time to buy retail stocks and financials, Credit Suisse says

    Retail and financials are among the cyclical stocks that have "deeply attractive" valuations, Credit Suisse's Lori Calvasina says.

  • Wells Fargo to eliminate product sales goals for retail bankers

    Wells Fargo announced on Tuesday that it will eliminate all product sales goals in retail banking, effective January 1, 2017.

    Wells Fargo to eliminate product sales goals for retail bankers

    Wells Fargo announced on Tuesday that it will eliminate all product sales goals in retail banking, effective January 1, 2017.

  • Exclusive: Goldman team uses retail deposits for Wall Street-style profits

    As Goldman Sachs Group Inc (NYSE:GS - News) has built its U.S. consumer bank, it has established a team to put its deposits to work on Wall Street, a telling development about Goldman's ambitions for the …

    A screen displays the ticker symbol and information for Goldman Sachs on the floor of the New York Stock Exchange

    As Goldman Sachs Group Inc (NYSE:GS - News) has built its U.S. consumer bank, it has established a team to put its deposits to work on Wall Street, a telling development about Goldman's ambitions for the retail bank. Led by 40-year-old Goldman partner and credit trading veteran Gerald Ouderkirk, the team's job is to use …

  • Wal-Mart looks better than Target: Analyst

    The "Halftime Report" experts debate Cowen's upgrade of Wal-Mart, and downgrade of Target

    Wal-Mart looks better than Target: Analyst

    The "Halftime Report" experts debate Cowen's upgrade of Wal-Mart, and downgrade of Target