Retail
Retail Articles
After Finish Line reported its fiscal second-quarter financial results before the markets opened on Friday, shares rose handily.
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Toys "R" Us may be bankrupt, but it is not dead yet. The company said it will add 12,050 temporary holiday workers.
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Bed Bath & Beyond saw its shares fall on Wednesday after the company issued its most recent earnings report.
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Total retail holiday sales are expected to climb this year, reflecting a strengthening economy, a robust labor market and optimism among consumers.
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Walmart won't hire temporary workers for the holidays, while most large retailers need to add tens of thousands of people to handle the late-year shopping crush.
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Beginning in October, selected Kohl's stores in the Los Angeles and Chicago areas will begin accepting returns from Amazon customers and returning them at no charge to the online behemoth.
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AutoZone reported better-than-expected fiscal fourth-quarter financial results before the markets opened on Tuesday.
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Toys "R" Us, the largest U.S. toy store chain to file bankruptcy protection, is a victim of its own missteps as well as the turmoil engulfing the retail industry.
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Toys "R" Us was not killed by Amazon. Rather it undermined its own success with excessive debt and a slow-motion effort toward e-commerce.
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AutoZone shares have taken a beating in 2017 so far at the hands of weak earnings, industry sales trends, and the specter of Amazon.com.
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If Amazon.com continues to scorch the apparel industry, 400 of the nation's 1,200 malls could close, according to credit rating agency Fitch.
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Walmart had a strong run from the first half of the year. The stock's price has leveled off since then. Amazon's have leveled during the same period as well.
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Macy's says it will add 80,000 workers for the holidays, mostly in distribution and warehouse operations as the company prepares the logistics for e-commerce sales.
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The announcement this week that Target is hiring 100,000 seasonal workers for the holidays might be the first of other encouraging hiring announcements from retailers for the holiday season.
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The strength of retail sales in the fourth quarter of each year is a benchmark for how well the U.S. consumer economy is doing. Over the past ten years, the number of jobs added by retailers has been...
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