Retail

Shoppers return to stores for another round of discounted shopping in ‘After Christmas Sales’

Stores are expecting heavy rush during ‘After Christmas Sales’ as shoppers will be in the stores again for another round of shopping for discounted products, returning items and to spend their gift cards. At times, sellers offer deep discounts on the items they weren’t able to sell during... read more

Apple Pencil, Smart Keyboard in short supply at Apple’s retail stores

According to reports, Apple’s two new accessories -- the Apple Pencil stylus; and the Smart Keyboard -- launched for the big-screen iPad Pro tablet, on November 18, are in short supply at the Apple Retail stores.

The Apple Pencil and the Smart Keyboard were first unveiled by Apple at its... read more

Abercrombie & Fitch

Abercrombie & Fitch Co. has climbed the most in 3 years after third quarter revenue topped the estimates of analysts. Rebounding sales at its Hollister unit proved helpful in soaring. In a statement on Friday, the New Albany, Ohio-based company said that revenue in the quarter was $878.6... read more

Albertsons to Acquire 3 Stores from Haggen

Albertsons, the American grocery company based in Boise, Idaho, recently announced that it will acquire three stores in Arizona from Haggen if the outcome of the Washington-based grocer's assets gets approval from a US bankruptcy court.

The three stores that Albertsons will acquire are on... read more

Federal judge dismisses class-action lawsuit filed by Apple’s retail workers

On Saturday, the Federal District Court in San Francisco tossed out a class-action lawsuit which retail workers at tech giant Apple had initiated to oppose the company's bag-search practices at its stores in California.

The Saturday verdict in the class-action was handed out by Judge... read more

Amazon announces New Parental Leave Policy

Amazon has recently announced a new parental leave policy to employees via an email. Under the Seattle-based company’s new policy, birth mothers can take 20 weeks of paid parental leave. The policy also includes a new leave-sharing system, which allows employees to share 6 weeks of paid leave... read more

As Amazon announced amazing results, Jeff Bezos gains $7 billion in an hour

Amazon CEO Jeff Bezos witnessed a massive jump in his personal wealth within an hour as investors cheered the amazing quarterly results. Amazon announced net income of 19 cents per share ($92 million) for the second quarter. Jeff Bezos became the fifth richest person in the world as Amazon stock... read more

US Wholesale Inventories Pile Up in May by 0.8%

Friday saw the US wholesale inventories rise to as much as 0.8% in May, from what they were a month ago. This is being seen as the largest rise in the last six months, which has raised hopes of seeing a possible growth turnaround in the remaining quarters.

The growth in the first three... read more

Starbucks closing all 23 La Boulange stores by September 2015

Starbucks said that its La Boulange bakery-cafes were not able to maintain the company’s long-term growth. Therefore, it has decided to shut down all the 23 cafes.

“Based on our ongoing evaluations, Starbucks has determined La Boulange stores are not sustainable for the company's long-... read more

Retail sales in US bounce back strongly in May

On Thursday, the Commerce Department said that the retail sales rose a seasonally adjusted 1.2% after a 0.2% gain in April.

The department said that retail spending was increased by Americans in May. They increased it especially for autos, clothes and building materials. This indicates... read more

Best Buy announces to offer $100 Gift Card with Preorders of LG G4

Consumer electronics company Best Buy has been trying to lure customers to preorder the LG G4 smartphone by giving a Best Buy gift card of about $100 with the order. There are reports that the new LG G4 will be a new flagship device, which will compete with phones like Samsung's Galaxy S6 and S6... read more

A merger deal, which was expected to find closure by May, has not yet seen the light of the day. Dollar Tree Inc has found itself caught in a labyrinth of regulatory hurdles and antitrust obligations, putting off its intended merger to July.

Dollar Tree Inc, popular chain of discount... read more

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