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Retail News

Retail news continually updated from thousands of sources around the net.

2 hrs ago | Wall Street Journal

Daimler Boosted by Mercedes

Daimler AG reported a sharp rise in second-quarter earnings, driven by record sales in its Mercedes-Benz luxury car division, as the German auto maker races to catch up with rivals BMW AG and Audi AG.

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Related Topix: Toyota Motor Sales USA, Automakers, Auto Dealers, DaimlerChrysler AG, MercedesBenz USA

6 hrs ago | Reuters

Wal-Mart loses bid to keep documents on bribery probe from shareholder

The Delaware Supreme Court affirmed on Wednesday a lower court ruling that ordered Wal-Mart Stores Inc to provide a shareholder with documents related to the company's internal probe of allegations the retailer had paid bribes in Mexico.

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Related Topix: Wal Mart Stores, Bentonville, AR

10 hrs ago | Brandon Sun

HBC to close two Home Outfitters locations, as it expands digital offering

Hudson's Bay Co. is shuttering two Home Outfitters locations as it focuses on making more of its products available online.

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Related Topix: Banking, HSBC Holding, Hudsons Bay, Canada,

14 hrs ago | Ledger-Enquirer.com

Retail trade group reduces annual sales forecast

The Washington-based National Retail Federation said Wednesday that it now expects retail sales to rise 3.6 percent this year to $3.19 trillion, instead of its original prediction of a 4.1 percent increase, released in early February.

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Related Topix: Wal Mart Stores, Bentonville, AR

19 hrs ago | Ledger-Enquirer.com

Converse basketball coach accused of shoplifting

Deputies say employees at a Kohl's department store in Spartanburg on Tuesday saw 35-year-old Kaye Waldrep and a man, 38-year-old Ricky Dean Ponder, hiding merchandise and trying to leave without paying.

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Related Topix: Kohls, KSS Retail

23 hrs ago | Inside Bay Area

Concord 'Mystery Man' gave away groceries to shake the blues

Michael Simas, of Concord, talks about his life philosophy on Monday, July 21, 2014, in downtown Concord, Calif.

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Related Topix: Concord, CA, Grocery Outlet, Grocery

Tue Jul 22, 2014

The Virginian-Pilot

Vermont AG sues Dollar Tree over sale of jewelry

The Vermont attorney general is suing Dollar Tree Stores, Inc. for selling jewelry that the state says contains toxic substances.

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Related Topix: Dollar Tree Stores, Vermont

Business Journal

Harris Teeter ranks fifth in ranking of Southern grocery store brands; Publix tops list

Publix Super Markets Inc. was named the top grocery brand in the South in a recent poll.

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Related Topix: Harris Teeter, Grocery, Publix Super Markets, Lakeland, FL, Whole Foods Market

Sunherald.com

Target debuts an image-recognition shopping app

It's the latest offering from retailers looking to boost sales with the use of improving image-recognition technology.

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Related Topix: Target

WIBA-AM Madison

Menards, former executive reach legal settlement

Attorneys representing Menards and Dawn Sands say they are prohibited from commenting on the settlement, which averts a lengthy civil trial.

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Related Topix: Household Products, Menards

The Item

Tiffany CEO to be succeeded by current president in '15

Tiffany & Co. Chief Executive Officer Michael Kowalski will step down in 2015 after more than 15 years running the luxury jeweler, passing the reins to President Frederic Cumenal.

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Related Topix: Tiffany , Jewelry

WHAS11

GOP voters in Ga. to decide Senate nominee

After a bruising nine-week runoff campaign, Georgia Republicans will finally have their Senate nominee who will compete against Democrat Michelle Nunn for a seat the GOP can ill afford to lose as the party looks to take control of the chamber.

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Related Topix: US Politics, Jack Kingston, US News, Republican, US House of Representatives, Georgia, Georgia Government, Dollar General, Barack Obama

Brandon Sun

Loblaw spinoff Choice Properties reports $1.5M Q2 net loss; adjusted profit $39.4M

Choice Properties Real Estate Investment Trust , citing a $52.3-million non-cash finance charge, has reported a second-quarter net loss of $1.5 million or less than a penny per diluted unit.

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Related Topix: REIT, Personal Finance, Loblaw Companies, Grocery

Mon Jul 21, 2014

The Daily Democrat

Box office top 20: 'Apes' holds reign with $36.3M

"Dawn of the Planet of the Apes," maintained its box office rule with $36.3 million over the weekend, according to final studio figures Monday.

Comment?

Related Topix: Science Fiction TV, Entertainment, Television, Theater, Arts, Rentrak

Brandon Sun

Competition Bureau approves sale of Loblaw, Shoppers stores to improve competition

The Competition Bureau has approved the sale by Loblaw of four retail outlets as part of its conditions for giving its blessing to the $12.4-billion acquisition of Shoppers Drug Mart.

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Related Topix: Shoppers Drug Mart, Canada,

News Observer

Grossman unveils first TV ad in governor's race

The 30-second ad focuses on Grossman's history as a jobs creator. The ad says Grossman took his family's business and turned into a Massachusetts success story in part by treating workers with respect by offering earned sick time and family leave.

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Related Topix: Construction, Grossman's

Sunherald.com

Wawa to close first store opened 50 years ago

Susan Bratton, Wawa's regional real estate manager, says the company plans a larger store in Ridley Township with six gasoline islands on a four-acre site on Route 420, about one-third of a mile away.

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Related Topix: Wawa, Delaware County, PA

Tri-cityherald.com

Alex and Ani OK'd to sue BJ's, others over jewelry

U.S. District Judge William Smith on Friday declined to dismiss several claims the Cranston-based jewelry maker brought against Natick, Massachusetts-based BJ's, as well as companies and people who arranged to buy tens of thousands of bangle bracelets from Alex and Ani.

Comment?

Related Topix: BJs Wholesale Club, Natick, MA

Business Journal

Lowe's serves up home improvement with a side of sci-fi

Need a little help visualizing what your kitchen makeover will look like when finished? Lowe's and its team of science-fiction writers have developed a technology that may soon be able to help with that.

Comment?

Related Topix: Household Products, Lowes Companies

Western Star

SNC-Lavalin awarded contract for Quebec diamond mine in James Bay region

Lavalin has signed a contract with Stornoway Diamonds Inc. estimated at more than $425 million to provide project, engineering and construction management services for a diamond mine located in Quebec's James Bay region.

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Related Topix: Safeway, Grocery

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