Retail

Amazon Prime Now faster delivery option launched in Dallas

Amazon Prime has been launched in some regions in Dallas, offering option for shoppers to choose one-hour delivery by paying $7.99. The two-hour delivery option under Amazon Prime membership will be free of cost. Dallas is the biggest city covered under Amazon Prime, taking the total number of... read more

Rise in American Eagle Outfitters shares

On Wednesday, shares of American clothing and accessories retailer American Eagle Outfitters soared 7.69% and traded at about $15.96 at the closing bell. The shares climbed after the clothing retailer reported its fourth quarter results, where it beat analysts’ estimates.

The... read more

Citigroup and Visa win credit-card contract for Costco Wholesale Corp

Costco Wholesale Corp. named Citigroup Inc. and Visa Inc. as its new credit card payment processing partners.

Starting April 1, 2016, Citi, the world's largest issuer of consumer credit cards, would become the exclusive issuer of Costco's co-brand credit cards and Visa will provide the... read more

U.S. Consumer spending rises marginally as fuel costs remain low

Consumer spending data for January suggests that the U.S. consumer is spending more as the savings on the fuel cost have left them with more money. Nearly 70 percent of the U.S. economic activity is dependent on consumer spending and a 0.3 percent rise during January is a positive sign for the... read more

Wal-Mart’s decision on wage hike for low-paid workers will impact many industries

Wal-Mart recently announced wage hike for more than half a million of its U.S. workforce, adding $1 billion additional expenses on the company’s balance sheet. Wal-Mart has addressed many issues with recent wage hike announcement. The company will be able to retain the low paid workers for a... read more

Procter & Gamble announces timeline for sale of over 100 brands

Procter & Gamble management has informed that the company will sell off most of the 100 brands by summer for a consolidation in various segments they operate in. P&G has projected that the divestitures would account for 14 percent of the sales (nearly $11.5 billion) compared to earlier... read more

Wal-Mart Customers can receive Tax Refunds in Cash at all stores Nationwide

This tax season Wal-Mart customers have an opportunity to pick up their tax refunds in cash at all Wal-Mart stores nationwide.

This service could be helpful for people who do not have bank accounts as they can receive their refunds faster and avoid high check-cashing fees. The direct-... read more

Macy’s taking Steps as per Customers’ Shopping Trend

Macy's said that now more of its customers are changing the way of their shopping. It has led Macy's to take some steps in which it will be opening two new locations. But it will close its 14 stores as well.

As per Macy's, the closure of 14 stores will help them save around $140 million... read more

Online retailer Amazon shared that the company added 10 million new members to its Prime shipping and digital content over the holiday season.

Amazon has been successful in adding more members to its prime membership which costs $99 per year. Amazon prime offered free two-day shipping,... read more

Shoppers Hit Malls for Last Minute Holiday Shopping

A research shows that thousands of shoppers hit the malls on Sunday in search to buy the last minute deals before Christmas hits.

Data shows that retailers are relying on procrastinating shoppers in order to save the holiday shopping season and increase their bottom lines.

Rick... read more

Full-Year Earnings will not exceed £1.4bn: Tesco

Multinational grocery and general merchandise retailer Tesco warned that its full-year profits might be significantly lower than the market expectations.

The UK-based supermarket chain said in a statement that its group trading profit for the full financial year will not be exceeding £1.... read more

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