NEW YORK — Macy’s Inc. reported a disappointing profit for its second quarter and cut its outlook for the year on Wednesday. The department store chain blamed shoppers’ reluctance to spend for a rare slip in sales. The second-quarter weakness ...Read More »
NEW YORK — After seeing high customer demand for layaway during last year’s winter holiday season, Wal-Mart is expanding the interest-free pay-over-time program for Christmas. The new program will last a month longer than last year’s and will include more ...Read More »
NEW YORK — J.C. Penney is changing its pricing — again. Just six months after the mid-priced department store chain got rid of the hundreds of sales it offered each year in favor of everyday lower pricing, it is reversing ...Read More »
NEW YORK — Retailers could be sweating it out this summer. Shoppers, worried about jobs and the economy, pulled back on spending in June, slowing sales for most retailers to the weakest pace since 2009. And that could leave merchants ...
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NEW YORK — Americans are spending, but they may not be for long. Some major retailers such as Target and Macy’s on Thursday posted May sales increases that beat Wall Street estimates as shoppers were lured in by Mother’s Day ...
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HOFFMAN ESTATES, Ill. — Sears executives tried Wednesday to ease concerns about the troubled retailer’s long-term outlook amid ever-sinking sales, emphasizing the company’s financial strength, increased liquidity and prospects to boost operational results. Chairman Edward Lampert told shareholders at Sears ...Read More »
NEW YORK — Americans’ rosy outlook about the U.S. economy remains resilient as they focus on the good in the barrage of conflicting economic news. A widely watched barometer of consumer confidence barely budged in March after last month hitting ...Read More »
ANNAPOLIS — The Maryland Senate unanimously voted Friday to censure a state senator who failed to disclose work for a grocery store chain that paid him about $245,000 over several years, the first such punishment issued by the chamber in ...Read More »
ANNAPOLIS — An ethics panel has recommended unanimously that Sen. Ulysses Currie, D-Prince George’s, be censured and apologize for failing to disclose more than $245,000 in payments from a grocery store chain between 2003 and 2008. If Currie is censured, ...Read More »