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Holiday discounts crimp retailers’ profits
NEW YORK — Many retailers delivered solid sales gains for December, but heavy discounts needed to get shoppers to buy exacted a high price, clouding the holiday shopping season. Merchants […]
Trade deficit shrinks for fourth straight month
WASHINGTON — The U.S. trade deficit narrowed in October to its lowest point of the year after Americans bought fewer foreign cars and imported less oil. The shrinking trade gap […]
TVs are hot sellers this holiday season
NEW YORK — In an unexpected twist, TVs are topping many Christmas shopping lists this year. Wal-Mart says TVs are among the top gifts people are putting on layaway at […]
Syms and Filene’s unit seek bankruptcy protection
SECAUCUS, N.J. — Discount retailer Syms Corp. and its subsidiary Filene’s Basement have filed for Chapter 11 bankruptcy protection and plan to liquidate their operations. Syms acquired Filene’s Basement out […]
Holiday season may be down for U.S. retailers
NEW YORK — It looks like retailers will have to work extra hard to keep this holiday season from turning into a bah humbug. A new forecast indicates that sales […]
Back to school is a test for teen retailers
NEW YORK — Teens are heading back to school, but it’s the retailers catering to them that are getting the first test. They’re hoping their expanded selections of funky tee […]
Back to school is a test for teen retailers
NEW YORK — Teens are heading back to school, but it’s the retailers catering to them that are getting the first test. They’re hoping their expanded selections of funky tee […]
Consumers gloomy but their spending says otherwise
WASHINGTON — Economists have advice for anyone worried that consumers are too fearful to keep spending: Look at what they’re doing, not what they’re saying. A survey of consumer confidence […]
Wal-Mart, Home Depot boost profit outlooks
NEW YORK — Consumers may not be confident, but the stores that sell to them certainly seem to be. Wal-Mart and Home Depot, two of the nation’s largest retailers and […]
Retailers report solid sales gains for July
NEW YORK — Many U.S. retailers posted solid sales in July as deep discounts and sweltering heat drove shoppers to air conditioned malls. But analysts worry that momentum won’t continue […]
Retailers to bring fresh produce to 1,500 places
WASHINGTON — Michelle Obama’s campaign against childhood obesity moved a step forward Wednesday with the announcement that Wal-Mart and other retailers plan over the next five years to open or […]
U.S. retailers post strong June sales
NEW YORK — Colossal sales lured consumers into stores last month, but what’s going to keep them shopping during the slow economic recovery is anyone’s guess. Consumers who were enticed […]
