Monday, November 28, 2022

All posts tagged "retail"

  • Starboard Pushes Macy’s to Enter Real Estate Deals

    NEW YORK – Activist investor Starboard Value wants Macy’s to tap the value of its real estate assets by splitting them off into separate companies. Starboard’s plan published Monday urges the department store operator to create two...

    • Posted January 11, 2016
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  • US Stock Market Drops, Ending its Worst Week Since 2011

    NEW YORK – A wave of late selling pummeled U.S. stocks Friday and pushed the market to its worst week in four years. The dismal start to the new year comes as investors worry that China’s huge...

    • Posted January 8, 2016
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  • Toys R Us Holds its own Against Online Holiday Competition

    NEW YORK – Toys R Us reported stronger holiday sales despite intense competition from online retailers such as Amazon.com. The company said Friday that sales at stores open at least a year rose 2 percent from Nov....

    • Posted January 8, 2016
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  • Hudson Bay’s Online Push, Snaps up Luxury Deal Site Gilt

    NEW YORK – Hudson Bay has purchased the luxury deal site Gilt Group Holdings Inc. for $250 million as traditional retailers follow shoppers, and their money, online. The Toronto retailer, which owns Lord & Taylor, Saks Fifth...

    • Posted January 7, 2016
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  • Job Cuts at Macy’s Signal Hard Times Ahead for Retailers

    NEW YORK – Macy’s is slashing jobs, a harbinger of hard times for retailers after a holiday season that saw a noticeable shift to online shopping and away from physical stores. The nation’s largest department store chain,...

    • Posted January 7, 2016
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  • Macy’s to Cut up to 4,800 Jobs after Weak Holiday Sales

    NEW YORK – Macy’s is cutting up to 4,800 jobs and has slashed its profit outlook after a miserable holiday season. The nation’s largest department store chain, which also operates upscale Bloomingdale’s, said about 2,110 of the...

    • Posted January 6, 2016
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  • Survey: US Businesses Add 257,000 Jobs, Most in a Year

    WASHINGTON – U.S. businesses stepped up hiring last month, led by solid gains in construction and retail, a private survey found. Payroll processor ADP said Wednesday that companies added 257,000 jobs in December, the most in a...

    • Posted January 6, 2016
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  • Puerto Rico Sees up to 30 Percent Drop in Holiday Sales

    SAN JUAN – Puerto Rico’s United Retailers Association (CUD by its Spanish acronym) is reporting an up to 30 percent drop in holiday sales on the island amid a worsening economic crisis. CUD President Rubén Piñero told reporters Tuesday that about...

    • Posted January 5, 2016
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  • Amazon: Shoppers Ordered more than 23M Items on Cyber Monday

    SEATTLE – Items ordered from Amazon on Cyber Monday rose more than 40 percent this year, exceeding 23 million for the first time. The Seattle company said Tuesday that in 2015, it delivered more than a billion...

    • Posted January 5, 2016
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  • Walmart Insists Alternative Minimum Tax Is “Confiscatory”

    SAN JUAN – Walmart Puerto Rico has filed a motion opposing the Treasury Department’s petition to dismiss a lawsuit the retailer filed against the commonwealth seeking to overturn a tax that it says will take away 91.5%...

    • Posted January 2, 2016
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