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Wal-Mart abandons German retail shelves

YAHOO

AFP - The world's largest retailer Wal-Mart has said it was pulling out of Germany after eight years and would sell its 85 hypermarkets to the Metro chain.

Goldman Sachs Negotiating To Buy Hotel Complex In NYC

AHN

Goldman Sachs Group Inc. (GS) is in talks to negotiate the purchase of a 14-story Embassy Suites hotel, movie theater and retail complex located in downtown Manhattan. It is adjacent to the new $2.4 billion headquarters.

Chicago Passes "Retail Minimum Wage" Law

AHN

The city of Chicago has passed a bill raising the minimum wage for "big-box" retail stores, such as Wal-Mart and Target. A 50-member city council passed a "retail living wage law," 35-14, with more than the two-thirds majority needed to circumvent a possible veto by mayor Richard Daley....

Christian shops ecumenical about rivals

YAHOO

AP - Chuck Wallington is probably one of the few retailers who welcomes Wal-Mart to the neighborhood, if somewhat reluctantly.

June Retail Sales Fall Flat

AHN

Reports indicate that national retail sales fell by 0.1 percent in June. This has been the first decline since February, due to weaker car sales and building materials. Earlier, Wall Street analysts had expected a 0.4 rise in retail sales during the month of June, as compared to a 0.1 percent...

	Categories		Latest Retail News		Related:
	Business Links Trade links		Dollar rises as unrest roils Middle East YAHOO AFP - The dollar continued its rise against other major currencies despite a surprise drop in US retail sales last month as violence continued to roil the Middle East. Sources: YAHOO Dollar weathers US retail sales data release, gains on euro, yen YAHOO AFP - The dollar weathered news that headline US retail sales had fallen in June, with traders paying more attention to upward revisions of data that excluded volatile car sales figures. Sources: YAHOO Petco Agrees To $1.66 Billion Buyout AHN The nation's second biggest pet supplies retail chain stated on Friday that it has agreed to be acquired by a private investment group for about $1.66 billion. Petco Animal Supplies Inc. stated that Leonard Green & Partners LP and Texas Pacific Group are paying $29 a share, even though their... Sources: AHN US retail sales fall unexpectedly as car sales drop YAHOO AFP - More US consumers kept their wallets in their pockets last month as June retail sales dropped by a surprise 0.1 percent, the Commerce Department has said. Sources: YAHOO June retail sales unexpectedly fall 0.1 pct YAHOO Reuters - Sales at U.S. retail stores unexpectedly shrank 0.1 percent in June, the first decline since February, pulled down by weaker sales of cars and building material, government data showed on Friday. Sources: YAHOO Retail sales dip 0.1 percent in June YAHOO AP - Consumers continued to curtail their spending last month as rising gasoline prices dampened purchases of other goods, a fresh indication of a cooling economy. Sources: YAHOO Dollar rises against euro, yen YAHOO AP - The dollar rose against the euro and the yen Friday after Japan's central bank raised interest rates for the first time in almost six years and markets looked ahead to U.S. retail sales data as a gauge of what the Federal Reserve will do next. Sources: YAHOO Dollar mainly higher amid Mideast violence YAHOO AFP - The dollar was mainly higher amid an upsurge in Middle East violence and ahead of a critical government report on retail sales which is expected to reflect robust demand. Sources: YAHOO Gas Prices Up By More Than 6 Cents In A Week AHN The average U.S. retail price of gasoline jumped by more than 6 cents to $2.93 a gallon compared to about $2.87 a week ago. The key factor behind the surge is hiking price of crude oil, which has been elevated by strong demand and geopolitical uncertainties. The federal Energy Information... Sources: AHN Barclays To Cut Over 1,200 Jobs In UK AHN Barclays, the United Kingdom's third largest bank, will cut more than 1,200 jobs in the next two years. The job cuts are part of an overhaul of the group's underperforming retail banking arm and which will see The Woolwich name disappear by merge the two branches together under one name.... Sources: AHN Supervalu outlines spending, store opening plans YAHOO Reuters - Supervalu Inc. said on Wednesday it has earmarked $1 billion of capital spending for its retail operations in fiscal 2007 as it integrates the stores it acquired from Albertsons Inc. Sources: YAHOO India's Reliance announces multi-billion-dollar retail investment YAHOO AFP - India's biggest private company Reliance Industries says it will invest nearly six billion dollars in the fast-growing retail sector and hire thousands of new employees. Sources: YAHOO Chain store sales fall 0.4 pct in latest week YAHOO Reuters - U.S. chain store retail sales fell in the third week of June as summer's arrival failed to spur a rush of demand, a retail report said on Tuesday. Sources: YAHOO Money funds rose in latest week YAHOO AP - Assets of the nation's retail money market mutual funds rose by $5.64 billion in the latest week to $875.21 billion, the Investment Company Institute said Thursday. Sources: YAHOO European shares slip as retail earnings disappoint YAHOO AFP - European stock markets slid owing to downbeat earnings news from the retail sector, following subdued trading on Wall Street and in Tokyo, dealers said. Sources: YAHOO DSG seeks sale of The Link retail arm to Telefonica's O2 YAHOO AFP - Pan-European electrical retailer DSG International has said that it is in talks to sell a majority stake in mobile phone chain The Link to Telefonica's British subsidiary O2 for 30 million pounds (43.9 million euros, 55.4 million dollars). Sources: YAHOO Nokia to open first US cell phone store in Chicago YAHOO Reuters - Nokia (NOK1V.HE), the No. 2 U.S. mobile phone maker, said on Monday that it plans to open its first U.S. retail store in Chicago on Saturday in a bid to improve brand awareness among consumers here. Sources: YAHOO Bonds modestly higher YAHOO AP - Treasurys were slightly higher midday Tuesday in renewed flight-to-quality buying, although they ceded much of their overnight gains after unexpectedly strong inflation and retail sales data. Sources: YAHOO Business inventories up 0.4 percent YAHOO Reuters - U.S. business inventories rose a smaller-than-expected 0.4 percent in April tempered by a drop in the stocks of total retail trade and motor vehicles and parts, a government report showed on Tuesday. Sources: YAHOO US retail sales edge up 0.1 percent YAHOO AFP - US consumers pushed up retail sales by a modest 0.1 percent in May, the Commerce Department said, a report in line with most private forecasts. Sources: YAHOO		Other aggregators

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