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Retail News
Retail sales rise as expected
YAHOO
Reuters - Sales at U.S. retail stores rose 0.1 percent in May, as expected, as strong gasoline sales outweighed declines in car, furniture and building material sales, government data showed on Tuesday.
Retail News
China retail sales jump 14.2 percent in May
YAHOO
AFP - China's retail sales, the main indicator of consumer spending in the Asian nation's fast-growing economy, rose 14.2 percent in May compared with a year earlier, official data have showed.
Retail News
BBVA to buy 2 Texas banks for $2.64 billion
YAHOO
Reuters - Banco Bilbao Vizcaya Argentaria , Spain's No. 2 bank, on Monday agreed to buy two Texas banks, Texas Regional Bancshares Inc. and State National Bancshares Inc. , for $2.64 billion to triple its retail presence in the state and reach more Hispanic customers.
Retail News
Retail money funds rise in latest week
YAHOO
AP - Assets of the nation's retail money market mutual funds rose by $3.83 billion in the latest week to $863.52 billion, the Investment Company Institute said Thursday.
Retail News
Money funds fall in latest week
YAHOO
AP - Assets of the nation's retail money market mutual funds rose by $114.2 million in the latest week to $859.67 billion, the Investment Company Institute said Thursday.
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Retail News Retail sales rise amid cloudy outlook
YAHOO
Reuters - A slew of apparel and consumer goods retailers on Thursday posted same-store sales that beat analyst forecasts, but there were troubling signs that higher consumer prices and inflation could crimp future growth.
Sources: YAHOO
Retail News Children's Place same-store sales up 18 percent
YAHOO
Reuters - Children's Place Retail Stores Inc. said on Thursday its sales at stores open at least a year rose 18 percent in May.
Sources: YAHOO
Retail News Barclays says Q1 strong, Barclaycard worries
YAHOO
Reuters - Britain's Barclays said it saw "very strong profit momentum" in the first quarter as its UK retail bank improved and its investment bank beat peers, but weakness in the UK unsecured debt market weighed on Barclaycard.
Sources: YAHOO
Retail News XM shares drop on reduced growth forecast
YAHOO
AP - XM Satellite Radio Holdings Inc. lowered its forecast for full-year subscriber growth and revenue on Wednesday, citing "overall softness" of retail sales for satellite radios in the second quarter and product availability problems. The company's shares tumbled 11 percent.
Sources: YAHOO
Retail News XM trims forecast for subscriber growth
YAHOO
AP - XM Satellite Radio Holdings Inc. lower its forecast for full-year subscriber growth and revenue on Wednesday, citing "overall softness" of retail sales for satellite radios in the second quarter and product availability problems. The company's shares tumbled 12 percent.
Sources: YAHOO
Retail News AutoZone posts lower quarterly earnings
YAHOO
Reuters - AutoZone Inc. , the largest U.S. auto parts retail chain, on Wednesday posted lower quarterly earnings.
Sources: YAHOO
Retail News Survey Predicts Online Retail Sales To Increase By 20%
AHN
Online sales are projected to top $200 billion in 2006 -- just three years after passing the $100 billion mark. The ninth annual shop.org study, conducted by Forrester Computer hardware and software, cars, and apparel, accessories and...
Sources: AHN
Retail News UK Opening The Door For Debit Merchant Services
AHN
American credit union members are free to take advantage of using their debit cards at ATM’s and retail locations throughout the world. Now their European counterparts will be able to swipe away too. Over 70,000 credit union...
Sources: AHN
Retail News Wal-Mart To Sell South Korean Retail Business
AHN
South Korea's Shinsegae Co. agrees to buy Wal-Mart's South Korean retail business for $882 million. Mike Duke, vice-chairman of Wal-Mart, told Reuters, "As we continue to focus our efforts where we can have the greatest impact on our growth...
Sources: AHN
Retail News Wal-Mart says to sell S. Korean retail business
YAHOO
Reuters - Wal-Mart Stores Inc. said on Monday South Korea's Shinsegae Co. had agreed to buy Wal-Mart's South Korean retail business for 825 billion won, or $882 million.
Sources: YAHOO
Retail News Gas Prices Fall For First Time Since February
AHN
A national gasoline price survey finds the average retail price of a gallon of gas fell about a cent-and-a-half in the last two weeks. The Lundberg Survey says self-serve regular averaged about $2.93 a gallon. The survey's latest tally,...
Sources: AHN
Retail News UAE firm acquires US retail chain for 300 million dollars
YAHOO
AFP - A Dubai government-controlle­d investment firm has announced its 300-million-dollar acquisition of New York-based retail chain Loehmann's, which had gone bankrupt seven years ago.
Sources: YAHOO
Retail News Retail Money Funds Rise in Latest Week
YAHOO
AP - Assets of the nation's retail money market mutual funds rose by $8.99 billion in the latest week to $852.58 billion, the Investment Company Institute said Thursday.
Sources: YAHOO
Retail News Postbank profits swell on retail banking operations
YAHOO
AFP - German postal bank Postbank has announced that its net profit in the first quarter had increased by 19.6 percent from the equivalent figure for 2005 owing to growth of its core retail banking division.
Sources: YAHOO
Retail News Eurozone indicators to show German sentiment slipping, stronger French output
YAHOO
AFP - Eurozone indicators due for release next week are expected to show that German economic sentiment has slipped owing to a disappointing first-quarter growth estimate coupled with weak industrial output and retail sales figures, economists say.
Sources: YAHOO
Retail News Reliance Lifts Gas Price At Pumps
AHN
Shaveta Bansal - AHN Contributor New Delhi, India (AHN) – In the wake of surging global prices, Reliance Industries, which owns India's biggest private sector oil company, has lifted the price of gas by two rupees (four US cents) per liter. About 90 percent of India's fuel retail outlets...
Sources: AHN
Retail News Retail Sales Climb on Soaring Gas Prices
YAHOO
AP - In a sign that the economy may be slowing, retail sales were weaker than expected in April as soaring gasoline prices forced consumers to cut back on spending in other areas.
Sources: YAHOO
Retail News Money Funds Rise in Latest Week
YAHOO
AP - Assets of the nation's retail money market mutual funds rose by $155 million in the latest week to $843.59 billion, the Investment Company Institute said Thursday.
Sources: YAHOO
Retail News Dollar mostly lower after economic reports
YAHOO
AFP - The dollar skidded to a one-year low against the euro as traders looked past hints of more rate hikes from the Federal Reserve and sold greenbacks after a weak report on US April retail sales.
Sources: YAHOO
Retail News Euro hits new 12-month high as dollar fades
YAHOO
AFP - The euro extended its gains against the dollar, touching new one-year highs after a weaker-than-expected report on April retail sales in the US, traders said.
Sources: YAHOO
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