NEW YORK (Reuters) – U.S. stock index futures indicate Wall Street will make moderate gains on Monday as retail earnings queue up and with housing data in the offing. Second-quarter earnings season is mostly over, with major retailers yet to post results. Walm... More »
NEW YORK (Reuters) – The mayors of New York City and Los Angeles, the two largest cities in the United States, on Sunday said they were ordering restaurants, theaters, bars and movie houses closed in an effort to slow the spread of the coronavirus. Any restaur... More »
LONDON (Reuters) – British online grocer and technology company Ocado has launched a 500 million pounds ($642 million) convertible bond offering, partly to fund the construction of robotic warehouses for its overseas partners, it said on Monday. While Ocado’s ... More »
BOSTON (Reuters) – Hedge fund Hoplite Capital is returning money to outside clients after a period of sluggish returns, the firm’s founder, John Lykouretzos, told investors in a letter on Wednesday. “I have decided to close the Hoplite managed funds and return... More »
NEW YORK (Reuters) – Amazon.com Inc’s Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other U.S. retail companies, rivaling the Thanksgiving holiday’s Black Friday as a driver of sales. Walmart Inc, Target Corp and ... More »
LONDON (Reuters) – Britain’s Ocado is plowing 17 million pounds ($22 million) into the emerging “vertical farming” industry, further diversifying the online grocer and technology group’s business. Vertical farming involves producing food indoors, with crops gr... More »
SEHLEM, Germany (Reuters) – Faced with a chronic shortage of truck drivers, logistics firm Deutsche Post DHL Group (DPWGn.DE) is trialing a new scheme to get more people behind the wheel so it can keep goods flowing across Europe, especially at peak times like... More »
WASHINGTON (Reuters) – The Trump administration is working to develop consumer data privacy policies, and the Commerce Department is meeting with big companies like Facebook Inc, Comcast Corp and Alphabet Inc as it looks to eventually seeing the policies enshr... More »
NEW YORK (Reuters) – U.S. fund managers are barreling into the energy sector by making broad bets on anything connected with oil, finally convinced that gains in crude prices – on track for their fourth consecutive quarterly gain, the longest such stretch for ... More »
WASHINGTON (Reuters) – A high-stakes showdown at the U.S. Supreme Court on Tuesday will determine whether states can force out-of-state online retailers to collect sales taxes in a fight between South Dakota and e-commerce businesses. South Dakota is asking th... More »
WASHINGTON (Reuters) – Facebook (FB.O) Chief Executive Mark Zuckerberg’s No. 1 mission during his appearance before U.S. lawmakers on Tuesday and Wednesday will be to defend against calls to regulate internet-based companies. The prospect of new laws that rest... More »
A woman shops at a Macy’s department store in Roosevelt Field shopping mall in Garden City, New York, U.S., November 24, 2017. REUTERS/Shannon Stapleton NEW YORK (Reuters) – U.S. fund managers are betting that rising wages and the effects of the Republican-led... More »
FILE PHOTO: Workers prepare their store for customers at a newly built Walmart Super Center prior to its opening in Compton, California, U.S., January 10, 2017. REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – Walmart’s tit-for-tat minimum wage battle with... More »
An app of the Chinese discount online retailer Vipshop Holdings Ltd is seen on a mobile phone in this illustration picture taken December 18, 2017. REUTERS/Florence Lo/Illustration BEIJING (Reuters) – Chinese internet giant Tencent Holdings Ltd (0700.HK) said ... More »
FILE PHOTO – A Ralph’s grocery store employee loads a cart for a customer who has used Kroger’s ClickList online ordering and curbside pickup service in Los Angeles, California, U.S., November 21, 2017. REUTERS/Lucy Nicholson LOS ANGELES (Reuters) – As Amazon.... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid (Reuters) – Wall Street was set to open higher on Friday, recovering from a bout of uncertainty surrounding the passage of the Republ... More »
FILE PHOTO: A cashier smiles beyond a Walmart logo during the kick-off of the ‘El Buen Fin’ (The Good Weekend) holiday shopping season, at a Walmart store in Monterrey, Mexico, November 17, 2017. The sign reads “Your opinion is very important to us.” REUTERS/D... More »
Workers process outgoing shipments at an Amazon Fulfillment Center on Cyber Monday in Tracy, California, U.S. November 28, 2016. REUTERS/Noah Berger (Reuters) – Wal-Mart Stores Inc is within striking distance of matching Amazon.com Inc’s online prices for the ... More »
Customers push their shopping carts after making a purchase at Target in Chicago, Illinois. REUTERS/Kamil Krzaczynski CHICAGO (Reuters) – Black Friday and Thanksgiving online sales in the United States surged to record highs as shoppers bagged deep discounts a... More »
A Black Friday sale sign is displayed outside a makeup store at Roosevelt Field shopping mall in Garden City, New York, U.S., November 24, 2017. REUTERS/Shannon Stapleton CHICAGO/NEW YORK (Reuters) – U.S. stores offered deep discounts, entertainment and free g... More »
A customer loads her shopping cart during the Black Friday sales event on Thanksgiving Day at Target in Chicago, Illinois, U.S. November 23, 2017. REUTERS/Kamil Krzaczynski (Reuters) – U.S. shoppers had splurged more than $1.52 billion online by Thanksgiving e... More »
At Beijing's sprawling Renmin University of China, two shiny new couriers dart through throngs of students to deliver parcels throughout the day. More »
Costco Wholesale Corp's (COST.O) quarterly profit scraped past estimates, helped by a hike in membership fees, but a fall in gross margins fueled concerns of an intensifying grocer price war, sending shares down 3.6 percent in after-market trading. More »
Whole Foods rivals Trader Joe's and Sprouts Farmers Market Inc have been hit hardest by customer defections since Amazon.com Inc's price cuts at the premium grocer, Whole Foods price cuts, a data analytics firm said on Tuesday. More »
U.S. discount retailer Dollar Tree Inc (DLTR.O) said on Monday Bob Sasser will be replaced as chief executive by Gary Philbin, the company's enterprise president, effective immediately. More »
Wal-Mart Stores Inc said on Monday it has reopened most stores in the Gulf region that were shut due to Hurricane Harvey. More »
Walt Disney Co will send "Star Wars" characters into the realm of augmented reality next week to draw fans into stores as they release new merchandise tied to upcoming movie the "The Last Jedi," the company said in a statement on Thursday. More »
Two lawyers appointed to senior jobs at the U.S. Securities and Exchange Commission have ties to major companies including financial firms Goldman Sachs Group Inc (GS.N) and Wells Fargo & Co (WFC.N) that could complicate efforts to regulate them, according to ... More »
A lady shops at Aldi, a retail grocery store chain in Wheaton, Illinois, U.S., April 13, 2017. REUTERS/Nandita Bose German grocery chain Aldi Inc is trying to beat the world’s biggest retailer at its own game: low prices. More »
FILE PHOTO: A computer keyboard lit by a displayed cyber code is seen in this illustration picture taken on March 1, 2017. REUTERS/Kacper Pempel/Illustration/File Photo Cyber security breaches erode companies’ share prices permanently, with financials the wors... More »
A shopper (L) browses for health products in an aisle stocked with vitamin supplements at a Mr Vitamins store in Sydney, Australia, March 9, 2017. REUTERS/Jason Reed Australian retailers and manufacturers are rejigging their business models and reviewing strat... More »
Snap cofounders Evan Spiegel (C) and Bobby Murphy ring the opening bell of the New York Stock Exchange with NYSE Group President Thomas Farley. REUTERS/Lucas Jackson Snap Inc’s (SNAP.N) shares ended up 44 percent on their first day of trading as investors floc... More »
Traders work on the trading floor at the opening of the markets at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. February 27, 2017. REUTERS/Andrew Kelly U.S. stock futures were ahead late on Tuesday, indicating a higher open on Wednesday... More »
Characters of Star Wars take part in an event held for the release of the film ‘Star Wars: The Force Awakens’ in Disneyland Paris in Marne-la-Vallee, France, December 17, 2015. REUTERS/Benoit Tessier Walt Disney Co and major retailers will release the galaxy’s... More »
White House counselor Kellyanne Conway arrives for the joint news conference of Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump at the White House in Washington, U.S., February 10, 2017. REUTERS/Joshua Roberts A top aide to U.S. President Do... More »
An Ivanka Trump-branded blouse is seen for sale at off-price retailer Winners in Toronto, Ontario, Canada February 3, 2017. REUTERS/Chris Helgren President Donald Trump blasted department store chain Nordstrom Inc (JWN.N) on Wednesday for dropping his daughter... More »
The logo of Mondelez International is pictured at the company’s building in Zurich November 14, 2012. T REUTERS/Michael Buholzer The number of U.S. companies using a budgeting tool made famous in the 1970s by former U.S. President Jimmy Carter is surging as th... More »
Discount sale tags are seen on clothes at a department store in Paris on the first day of the winter sales in France, January 6, 2016. REUTERS/Benoit Tessier/File Photo Retailers have long relied on sales of high-margin winter coats and boots to boost annual p... More »
Shoppers stand in a checkout line during Black Friday sales at a Target store in Culver City, California, U.S. November 25, 2016. REUTERS/David McNew Sales and traffic at U.S. brick-and-mortar stores on Thanksgiving Day and Black Friday declined from last year... More »
A customer loads his shopping cart at Target in Chicago. REUTERS/Kamil Krzaczynski Online spending by U.S. bargain hunters climbed to above $1 billion by Thanksgiving evening, according to Adobe Digital Index, surging almost 14 percent from a year ago and refl... More »
The logo of McDonalds is seen outside a shop in Vienna in Vienna, Austria, October 1, 2016. REUTERS/Leonhard Foeger Two of America’s biggest commercial brands – discount retailer Target and fast-food chain McDonald’s – have taken steps to tamp down hysteria st... More »
Morrie Low, a 27-year-old Seattle cocktail server, has found an unlikely new source of pleasure: credit card companies. More »
The online marketplace Groupon Inc has sued IBM Corp, accusing it of infringing a patent related to technology that helps businesses solicit customers based on the customers’ locations at a given moment. Groupon filed its lawsuit on Monday with the federal cou... More »
NEW YORK A New York lawyer was sentenced on Thursday to six months in prison for participating in a fraudulent scheme in which a con man impersonated his successful father in order to raise money to buy Maxim magazine. Harvey Newkirk, 40, was sentenced by U.S.... More »
Home Depot Inc (HD.N) agreed to pay at least $19.5 million to compensate U.S. consumers harmed by a 2014 data breach affecting more than 50 million cardholders. The home improvement retailer will set up a $13 million fund to reimburse shoppers for out-of-pocke... More »
LONDON Online retailer Amazon (AMZN.O) is set to enter the British fresh food market after striking a supply deal with supermarket Morrisons (MRW.L), potentially ramping up competition in the already cut-throat sector. Morrisons, Britain’s fourth biggest super... More »
Target Corp is in the early stages of developing its own mobile wallet, three people familiar with the matter said, joining Wal-Mart Stores Inc in posing a threat to recent entrants like Apple Pay. The fourth-largest U.S. retailer has not committed to launch t... More »
SAN FRANCISCO The holiday shopping rush that kicked off on Friday is unlikely to bring much cheer to investors looking for a revival in retail stocks. After months of uninspiring sales growth and recent disappointments from Macy’s and Nordstrom, shareholders o... More »
CHICAGO Sales at U.S. brick-and-mortar stores on Thanksgiving Day and Black Friday were down slightly from last year, but the performance was still seen as strong in a holiday shopping season where discounts spread well beyond the weekend and many shoppers mov... More »
NEW YORK At some Macy’s outlets this holiday season, shoppers who download the retailer’s app will be able to use their smart phones to guide them through the store to products they’re seeking. At JCPenney, customers will be able to take a snapshot of, for exa... More »
LONDON Online retailer Amazon has stepped up the pressure on Britain’s traditional supermarkets with the nationwide launch on Friday of a packaged groceries offer for Amazon Prime members. The move is the ecommerce giant’s most ambitious foray into Britain’s g... More »
BOSTON Some big U.S. retailers are stepping up efforts to use personal identification numbers, or PINs, with new credit cards embedded with computer chips in a bid to prevent counterfeit card fraud. But they are being resisted by the banking industry, which se... More »
Suppliers of everything from groceries to sports equipment are already being squeezed for price cuts and cost sharing by Wal-Mart Stores (WMT.N). Now they are bracing for the pressure to ratchet up even more after a shock earnings warning from the retailer las... More »
A federal probe into allegations of corruption at Wal-Mart Stores Inc’s (WMT.N) operations in Mexico have found very little, and is likely to result in a much smaller case than investors expected, The Wall Street Journal reported citing people familiar with th... More »
BOSTON A rash of hacking attacks on U.S. companies over the past two years has prompted insurers to massively increase cyber premiums for some companies, leaving firms that are perceived to be a high risk scrambling for cover. On top of rate hikes, insurers ar... More »
Mozilla, creator of the Firefox web browser, said hackers had stolen security-sensitive information from Bugzilla, its bug tracker, and used it to “attack” Firefox users. The account that the hackers broke into was shut down shortly after the company discovere... More »
TORONTO The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according to internal documents and emails also released by hackers as ... More »
