Retail News

Best Buy And TiVo Partner To Promote Each Other Jul. 9, 2009, 10:23 AM Best Buy and TiVo will come together in a cross-promotion partnership, reports the NYTimes .

A federal judge has given final approval to a $17.5 million settlement of a discrimination lawsuit that accused Wal-Mart Stores Inc.

Discount retailer Target says its same-store sales fell 6.2 per cent in June as customers continued to shop sparingly and spend mainly on necessities such as healthcare products and food.

Escalating job worries and rainy weather dampened shoppers' appetite for buying summer staples like shorts and dresses, resulting in sharp sales declines for many merchants in June and increasing concerns about the back-to-school shopping season.

Drugstore operator Walgreen Co. is raising its quarterly dividend by about 22 percent, to 13.75 cents from 11.25 cents.

Major media executives are impressed with Twitter's growing popularity as a communications tool.

Lawn and garden products maker Scotts Miracle-Gro Co. says it will close its Smith & Hawken business by the end of the year.

Supervalu said Wednesday its President and Chief Operating Officer Mike Jackson will retire effective August 14.

Family Dollar Stores Inc reported a 36 percent jump in quarterly profit topping market estimates and forecast fourth quarter in line or above analysts' view as more shoppers scoured its aisles for low prices on food, shampoo and household cleaners.

Upmarket supermarket chain Waitrose is to expand its Scottish operation. The firm is to open its first store in Glasgow by November.

Sony Corp. Chief Executive Officer Howard Stringer spurned calls by Activision Blizzard Inc.

Whole Foods Market Inc. says it will submit its private label products to testing for genetically engineered organisms--a move that will add a new level of certification to what's on the organic and natural grocer's shelves.

A former Saks Fifth Avenue saleswoman wept loudly Monday just before being sentenced to 90 days in jail, ordered to do 100 hours of community service and fined $96,000 for stealing from her employer.

Coming to shopping aisle near you: the Brammo Enertia electric motorcycle. Would you like an electric bike to go with your new DVR? Best Buy has started selling electric vehicles, including the Enertia electric motorcycle from Brammo, according to reports.

LONGUEUIL, Que. - Pharmacy chain operator The Jean Coutu Group said Tuesday it began fiscal 2010 with a profitable quarter despite continued losses at Rite Aid, a U.S. business in which the company owns a stake.

JJB Sports , the troubled leisure wear retailer, on Tuesday insisted Sir David Jones commanded the "unanimous support" of its board as it confirmed the existence of a loan made to its executive chairman by Mike Ashley, leading shareholder in rival Sports Direct .

Kroger and the FDA are recalling three flavors of popcorn seasoning, due to a possible salmonella contamination.

Genuine Parts Co. named Paul D. Donahue president of its U.S. Automotive Parts Group.

Ultimately, General Motors Corp. hopes to sell its good assets to a new GM. The new GM will have less debt and a lower cost structure.

Shopper Julius White looks at electric vehicles for sale at Best Buy in West Los Angeles.