Retail News

A North Carolina judge facing misconduct charges and possible removal from the bench has resigned.

PriceSmart Inc., which runs warehouse-shopping clubs, said Friday its fourth-quarter profit declined 9 percent as an increase in operating expenses hurt its bottom line.

The Federal Trade Commission is investigating some of CVS Caremark Corp.'s business practices, the company said yesterday.

The nation's retailers had their best month in more than a year in October as shoppers turned to discounters and high-end stores alike.

The Tattered Cover Book Store plans to add used books to its shelves. Despite its name, the independent book seller has never regularly stocked used books in its 35-year history.

Shares of clothing retailer Bebe Stores Inc. tumbled 8 percent Friday, after it posted a quarterly loss on sharply lower sales.

A former Home Depot Inc. manager is facing federal charges that he shared the Atlanta-based retail giant's trade secrets with a potential vendor.

Wal-Mart Stores Inc. is upping the ante heading into the holiday season, trimming the online preorder prices of some upcoming DVDs following last month's price cut on books.

Ann Arbor-based bookseller Borders Group Inc. plans to close eight Waldenbooks stores in Michigan in January as part of a plan to shutter 200 locations nationwide and eliminate 1,500 jobs.

Nov. 5 -- Ken Perkins, president of research firm Retail Metrics, talks with Bloomberg's Julie Hyman and Mark Crumpton about sales at U.S. teen retailers and other stores.

Limited Brands Inc. said Thursday its October sales at stores open at least a year dropped 4 percent, falling short of Wall Street predictions.

There are sales and then there are price cuts. Meijer says it is offering more of each this holiday season.

J.C. Penney Co. Inc. on Thursday said sales at stores open at least a year fell 4.5 percent in October, hurt in part by Halloween landing on Saturday.

Consumers, enticed by cooler weather, early holiday discounts and an improving economy, offered some relief to the retail industry in October.

Some of fashion's best-known names are playing musical chairs. Faced with a consolidating department store industry and eroding sales, some labels are cutting ties with retailers that sold their clothing and betting their future with one chain.

Sarah Palin's book tour is a gift for her base. No stops are planned in Seattle, San Francisco, Philadelphia, Los Angeles and other major cities and book-buying communities that are standard for authors on the road, but where the voters tend to be Democrats.

Whole Foods Market Inc. appears to be adjusting to its new economic reality. The natural and organic grocer, known for its high-end products and similarly high prices, says lower prices are bringing shoppers back in its doors, driving a surge in fourth-quarter profit.

A GameStop representative recently revealed that Call of Duty: Modern Warfare 2 has broken all pre-order records and its release next week "will be the biggest entertainment launch of all time." Speaking to USA Today's Game Hunters blog , GameStop's executive vice president for merchandising and marketing Tony Bartel revealed that next week's Call ...

Hyundai Motor America today announced October sales of 31,005 units, a 49 percent increase compared with October 2008.

Omnicare Inc., which dispenses drugs to nursing homes and long-term care facilities, has completed a deal to pay $98 million to settle allegations it paid kickbacks to nursing homes to gain their business, and also received kickbacks for buying and recommending drugs.