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Retail News
Gas Prices Jump 17 Cents
AHN
Retail gas prices across the country increased an average of nearly 17 cents in the past two weeks, according to the latest Lundberg Survey. Analyst Trilby Lundberg says the weighted average for all three grades increased to two dollars,...
Retail News
JPMorgan, Bank of NY swap branches, trust unit
YAHOO
Reuters - JPMorgan Chase & Co. on Saturday said it will swap its corporate trust unit for Bank of New York Co.'s retail and small business banking network.
Retail News
Consumer Borrowing Up 1.8 Percent in Feb.
YAHOO
AP - Americans increased their borrowing at the slowest pace in three months in February as retail sales retreated after a weather-induced surge in January.
Retail News
Consumer Borrowing Up 1.8 Percent in Feb.
YAHOO
AP - Americans increased their borrowing at the slowest pace in three months in February as retail sales retreated after a weather-induced surge in January.
Retail News
Money Funds Rise in Latest Week
YAHOO
AP - Assets of the nation's retail money market mutual funds rose by $2.23 billion in the latest week to $859.47 billion, the Investment Company Institute said Thursday.
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Retail News March Retail Sales
YAHOO
AP - March sales and sales for the fiscal year to date reported by leading retailers.
Sources: YAHOO
Retail News Martha Stewart to develop home line for Macy's
YAHOO
Reuters - Martha Stewart Living Omnimedia Inc. on Thursday said that it would extend its retail reach by launching an exclusive line of home products for retailer Macy's, sending shares of the lifestyle media company up nearly 12 percent.
Sources: YAHOO
Retail News Stocks seen opening flat before retail data
YAHOO
Reuters - U.S. stock index futures pointed to a flat open on Thursday, with investors cautious as retailers report March sales and before employment data on Friday expected to show another month of steady job growth.
Sources: YAHOO
Retail News Retail Money Funds Fall in Latest Week
YAHOO
AP - Assets of the nation's retail money market mutual funds fell by $2.71 billion in the latest week to $857.24 billion, the Investment Company Institute said Thursday.
Sources: YAHOO
Retail News British group GUS to split retail and business units
YAHOO
AFP - GUS said that it plans to demerge Experian, its business services unit, and the Argos Retail Group.
Sources: YAHOO
Retail News German retailer KarstadtQuelle makes major cut in losses
YAHOO
AFP - German retail giant KarstadtQuelle, in the midst of a major re-structuring programme, has announced it had slashed its net losses last year to 316.5 million euros (381 million dollars).
Sources: YAHOO
Retail News Former executive sees break-up of Ahold ahead
YAHOO
Reuters - A break-up of Dutch retail group Ahold is just a matter of time due to a lack of cohesion among the units in its portfolio, a former executive board member told daily Het Financieele Dagblad on Saturday.
Sources: YAHOO
Retail News China sets rise in retail fuel prices
YAHOO
Reuters - China will raise retail diesel and gasoline prices for the first time in eight months this weekend, but the 3-5 percent increase will leave refiners in the red and do little to deter fuel demand.
Sources: YAHOO
Retail News Wal-Mart's Organics Could Shake Up Retail
YAHOO
AP - Wal-Mart Stores Inc. is throwing its weight behind organic products, a move that experts say could have the same lasting effect on environmental practices that Wal-Mart has had on prices by forcing suppliers and competitors to keep up.
Sources: YAHOO
Retail News Wal-Mart's Organics Could Shake Up Retail
YAHOO
AP - Wal-Mart Stores Inc. is throwing its weight behind organic products, a move that experts say could have the same lasting effect on environmental practices that Wal-Mart has had on prices by forcing suppliers and competitors to keep up.
Sources: YAHOO
Retail News Microsoft sees new Office in 2007 retail launch
YAHOO
Reuters - Microsoft Corp. on Friday said it will complete work on the new version of its Microsoft Office software package this October and make it available to business customers at that time.
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 $3.53 billion in the latest week to $859.96 billion, the Investment Company Institute said Thursday.
Sources: YAHOO
Retail News Morgan Stanley 1st-quarter earnings rise
YAHOO
Reuters - Morgan Stanley on Wednesday said quarterly profit and revenue rose 17 percent, both to record highs, as investment banking surged, retail businesses rebounded from past disappointments and trading income remained strong.
Sources: YAHOO
Retail News Jones Apparel Contemplating Retail Sale
AHN
Danielle George - AHN Staff Reporter Philadelphia, Pennsylvania (AHN) - Jones Apparel Group Inc. which owns the Nine West label and Barneys clothing stores, may sell its Nine West shoes and accessories business. According to CBS Marketwatch, shares of Jones surged as much as $4.63 to $35.45...
Sources: AHN
Retail News Wal-Mart sees Indian sourcing growing 35 pct/yr
YAHOO
Reuters - Wal-Mart Stores Inc. , the world's top retailer, sees sourcing from India growing rapidly, but says this growth could accelerate further if foreign firms were allowed to set up retail chains in the nascent market.
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 $2.45 billion in the latest week to $856.43 billion, the Investment Company Institute said Thursday.
Sources: YAHOO
Retail News British retail sales rebound in February
YAHOO
AFP - British retail sales rose in February, rebounding from the biggest monthly decline in more than a year.
Sources: YAHOO
Retail News Wal-Mart gets majority of Central American grocer
YAHOO
Reuters - Wal-Mart Stores Inc. said on Wednesday that it made an additional investment in Central American Retail Holding Co., bringing its stake to 51 percent, and will change the name of the Central America grocery operator to Wal-Mart Central America.
Sources: YAHOO
Retail News Wal-Mart, Tesco eye Carrefour's S.Korea outlets
YAHOO
Reuters - Wal-Mart Stores Inc. and Tesco Co may bid for South Korean outlets of French rival Carrefour, company officials said on Wednesday, amid signs of a consolidation in the country's $120 billion retail sector.
Sources: YAHOO
Retail News Dollar falls after weak US data
YAHOO
AFP - The dollar skidded lower after news of a record US current account deficit and a weaker-than-expected retail sales report for February that diminished prospects for US rate hikes.
Sources: YAHOO
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