retailers

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Retail Exodus Speeds Detroit's Fall

Retailers jump ship as recession, auto industry's collapse hit city hard

(Newser) - The auto industry's woes have sped up the long decline of retail in Detroit, the Wall Street Journal reports. America's 11th-largest city now lacks a single outlet from any national grocery chain downtown. Starbucks has just four stores in the city of 900,000, and as of last week, Motor...

Retail Giants Likely to Shrink in '09

(Newser) - Retailers are fighting to survive in 2009, some more successfully than others. Some 73,000 stores could close their doors by year’s end. Forbes breaks down which chains are shrinking the fastest:
  • Ann Taylor: Catering to working women isn’t so great when unemployment’s at 8.1%. Expected
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Wal-Mart Crushing Target
 Wal-Mart Crushing Target 
Mar 14, 2009 11:18 AM CDT

Wal-Mart Crushing Target

(Newser) - In theory, Target should be thriving in the recession because it's a discount retailer. In reality, it's in a funk, even as rival Wal-Mart flourishes, reports Time. The difference? Target is viewed as a place to buy nice clothes at nicer prices—and right now, nice clothes seem like a...

A Rash of Retailers About to Go Bankrupt

Debt, trimmed consumer spending push retailers to brink

(Newser) - Look for a wave of retailers going bankrupt in the months ahead, reports the Wall Street Journal, as dismal holiday sales take their toll on a business sector that's weak from expanding too fast and taking on too much debt. Lenders who traditionally have supported the segment are pulling back,...

Amazon Has 'Best Ever' Holiday Season

Online retailer beat the market with HDTVs, iPods, and Wii

(Newser) - The Grinch apparently didn’t sour shoppers on Amazon this year: The company said today the 2008 holiday season was its “best ever,” MarketWatch reports. Amazon sold more than 6.3 million items worldwide on Dec. 15, its peak day, amounting to “a record-breaking 72.9 items...

Shoppers Are Even Grinchier Than Expected

Over a third of shoppers spent less than the same time last year

(Newser) - Holiday shopping sales are looking even worse than forecast, Reuters reports. A new survey conducted over the traditional weekend launch of holiday gift-buying, found that 38% of shoppers said they spent less over the weekend than during the same period last year—and 30% were unimpressed by this year's discounts....

Twitchy Retail Braces for Black Season

'Black Friday' starts days early and continues throughout season

(Newser) - For years, retailers across America have dubbed today Black Friday, when shoppers descend like locusts on cut-price merchandise to signal the start of the holiday season. But as the New York Times reports, stores have been slashing prices for weeks now, often with little effect. From toys to electronics to...

Retail Fears Drive Stocks Down
 Retail Fears Drive Stocks Down 
MARKET Open
Nov 6, 2008 8:51 AM CST

Retail Fears Drive Stocks Down

Same-store sales weak in October

(Newser) - Stocks took a modest slide at the open today, thanks to dismal data from retailers. The Dow fell 57 points, while the Nasdaq and S&P dropped 1.1% and 0.9% respectively, the Wall Street Journal reports. Most retailers, with the notable exception of Wal-Mart, posted bleak same-store sales...

No More Bling? Even the Jet Set Feels the Pinch

Luxury execs are sitting tight for the most part, while jet set wonders what's appropriate

(Newser) - Not even the super-rich are immune to the present crisis, prompting Christina Binkley to wonder in the Wall Street Journal: "Is this the end of bling?" In a word, maybe. The world, of course, will always have rich people, but they may not want to flaunt it as much...

Reusable Bags: A Tricky Shade of Green

Thicker plastic requires more energy to produce, decomposes slower

(Newser) - Reusable shopping bags are this year's “it” giveaway, but they may not be as green as their feel-good slogans—like “Save the world” and "I used to be a plastic bag"—claim. The problem is that old habits die hard—many people simply forget to reuse...

99 Cents Only Hikes Prices, But Only by 0.99 Cent

Discount chain follows 2 bum quarters with extra 99% of a penny

(Newser) - The store where nothing costs more than 99¢ has become the store where nothing costs more than 99.99¢, reports the LA Times. The top price at 99 Cents Only will go up by 99/100 of a penny this month, say executives at the discount chain, who blame inflationary pressures....

Hackers Spread Coupon Scam
 Hackers Spread Coupon Scam 
Aug 27, 2008 5:40 PM CDT

Hackers Spread Coupon Scam

Online fakes could cost millions, and take years, to clean up

(Newser) - An online coupon scam could cost manufacturers millions, and years, to clean up, the Seattle Times reports. A California company says coupons it created as part of a marketing pitch were hacked and distributed across the internet. The firm responded by canceling all coupons related to the scheme, embarrassing even...

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