HANGZHOU China (Reuters) – E-commerce giant Alibaba Group Holding Ltd (BABA.N ) reported more than $9 billion in sales on China’s Singles’ Day on Tuesday, illustrating the buying power of the Chinese consumer and the importance of the event in the retail calen... More »
NEW YORK (Reuters) – Best Buy Co Inc (BBY.N ) reported a drop in total revenue and sales at its established U.S. stores in the all-important holiday season, sending shares tumbling more than 30 percent in early trading. The retailer cited intense discounting b... More »
WEST NYACK, NEW YORK (Reuters) – Retailers are trying new ways to win over Christmas procrastinators. Brick-and-mortar chains seeking ways to improve this season’s soft sales made it easier for last-minute consumers to finish their shopping on Christmas Eve. M... More »
NEW YORK (Reuters) – U.S. stock index futures edged higher on Friday, with investors reluctant to make big bets in an abbreviated session, though major indexes remained on track for their third straight month of strong gains. Trading will likely be anemic, as ... More »
(Reuters) – Macy’s Inc and a slew of other U.S. retailers are opening on Thanksgiving for the first time ever in a bare-knuckled brawl for a bigger slice of overall holiday sales. But it might not be so easy to lure most Americans from their turkey and footbal... More »
(Reuters) – Attention, shoppers: If you just decided to join the Black Friday shopping crunch but didn’t prepare well, don’t despair: Just pick up your smartphone. It could be your new best friend. Even if you haven’t invested a week or more reading sales circ... More »
NEW YORK (Reuters) – U.S. stocks were little changed Tuesday during a holiday-abbreviated week as investors found few incentives to extend a rally that has repeatedly taken indexes to fresh highs. Wall Street has soared this year, boosted by expectations Feder... More »
NEW YORK (Reuters) – When U.S. Attorney Preet Bharara announced at a televised press conference on November 4 that Steven A. Cohen’s SAC Capital Advisors would plead guilty to insider trading, two prosecutors stood quietly to his right. In coming weeks those t... More »
(Reuters) – Will Obamacare’s launch look more like Black Friday, when U.S. shoppers flood retail stores for bargains the day after Thanksgiving, or April 15, when procrastinators wait until nearly midnight to file their taxes? Officials involved in implementin... More »
