Retail News Archives

After watching the price of her favorite bread rising too quickly, Michele Shores decided it was time for a fresh approach.

Gov. Jennifer Granholm today announced the launch of a program aimed at attracting, retaining and developing small to medium-sized businesses in Michigan.

Mervyns LLC, the mid-tier department store chain that filed for Chapter 11 bankruptcy protection on Tuesday, received approval from the U.S. Bankruptcy Court for $465 million in interim financing provided by ...

U.S. stocks headed for a moderately higher open Wednesday a day after a whiplash rally left investors awaiting fresh economic and corporate reports to determine whether the run-up will continue.

Harriet Burns, the first female artist at Walt Disney Imagineering and a designer of several famous Disneyland rides, has died.

Ann Lott, who resigned this week as head of the beleaguered Dallas Housing Authority, is being offered $90,000 in severance pay, the chairwoman of the agency's board said.

Saks Fifth Avenue and the Entertainment Industry Foundation Wednesday said U.S. actress Gwyneth Paltrow will appear in their Key to the Cure ad campaign.

Christmas in July? Maybe not a bad idea this year. Retailers are already talking about price increases of up to 15 percent this year on holiday goods, from staples like tree ornaments and toys to luxury gifts ...

Former Loblaw and Canadian Tire executive Mark Foote has been named president and CEO of the Zellers chain of discount stores.

Office Depot Inc. , the world's second-largest office-supplies retailer, posted a second-quarter loss as smaller businesses and consumers pared purchases at its U.S. and Canadian stores.

The Associated Press 6 comments A property is offered for sale at reduced price in Los Angeles.

A strong earthquake shook Southern California on Tuesday, causing buildings to sway and triggering some precautionary evacuations.

A 36-year-old man, who was delivering newspapers with his 14-year-old son, was wounded early Tuesday when his sports utility vehicle was sprayed with gunfire in a south Dallas neighborhood, police said.The man ...

Nearly 4.8 billion passengers took to the air last year, with Atlanta's Hartsfield International atop the list of the world's busiest terminals, followed by Chicago's O'Hare and London's Heathrow.

LOS ANGELES (Reuters) - The company that runs Bennigan's and Steak & Ale chains filed for one of the largest restaurant bankruptcies ever on Tuesday and closed several hundred restaurants, costing thousands of workers their jobs.

S&A Restaurant Corp, and three dozen other entities, including various Bennigan's and Steak & Ale affiliates, submitted Chapter 7 bankruptcy petitions in the U.S. Bankruptcy Court for the Eastern District of Texas.

Stores operated by franchisees are not named as debtors in the filing. The filing also does not include Ponderosa and Bonanza, which operate under Metromedia Steakhouses Co LP, S&A spokeswoman Leah Templeton said.

The Associated Press 6 comments A property is offered for sale at reduced price in Los Angeles.

August sales tax holidays in Missouri have been popular in the past, but this year the tax break could be an even bigger benefit to families struggling with high energy costs in the midst of their important ...

Department store chain Mervyn's LLC will file for bankruptcy protection in the next few days barring a last-minute cash infusion, the Wall Street Journal reported on Monday on its website, citing people ...

Entrepreneur Richard Branson on Monday unveiled the plane intended as the launch aircraft for a Virgin Galactic spaceship full of paying passengers.

Texas authorities on Monday arrested five men from a West Texas polygamist sect on charges ranging from sexual assault of a child to bigamy, an individual close to the investigation has told The Dallas Morning ...

A September auction of new works by British artist Damien Hirst is expected to fetch over 65 million pounds , Sotheby's said on Monday.

Matt Peskin promises that this year's National Night Out will be bigger and better than ever - despite losing federal funding and the support of several communities that objected to his compensation, which now ...

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Huntsman Corp., up 68 cents at $13.95 The chemicals maker said it was approached by ...

Disc jockey equipment is seen on display at a Best Buy in Downers Grove, Ill., on Friday, July 25, 2008.

While many companies are downsizing during a shrinking economy, Target is opening 43 stores across the country tomorrow, including three in Southern California.

CONTACT: U.S. ATTORNEY'S OFFICE YUSILL SCRIBNER, REBEKAH CARMICHAEL, JANICE OH PUBLIC INFORMATION OFFICE 637-2600 MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York announced ...

In this April 29, 2008 file photo, shoppers stroll the aisles in a Maumelle, Ark., Wal-Mart Store.

Boscov's Inc. is struggling, but the department store chain is not on the brink of collapse, its chairman and chief executive said.

Anne Hathaway's private diaries have been seized by the Federal Bureau of Investigation .

A judge says he probably won't seat Wal-Mart employees on a jury when a dispute between the company and convicted former executive Tom Coughlin goes to trial next month.

The Massachusetts-based supermarket chain Stop & Shop is claiming in a federal lawsuit that rival Whole Foods violated its trademark and stole its marketing campaign.

The nation's largest traditional grocery chain has removed jalapeno peppers from its stores as a precaution.

CAMBRIDGE, Ont.Com Dev International Ltd. has landed a $12.3-million contract from MacDonald, Dettwiler and Associates Ltd.

Houchens Industries today completed its acquisition of Tampico Beverages, part of the Bowling Green, Ky.-based employee-owned company's aggressive expansion that has included adding the Hilliard Lyons brokerage ...

Michael W. Kramer, chief financial officer of teen apparel retailer Abercrombie & Fitch, is leaving to take the top post at apparel maker Kellwood Co., according to the companies.

Canada's largest grocer, Loblaw Cos. Ltd., is slowly turning around, but "we are not yet operating as an effective selling organization," executive chairman Galen G. Weston said Friday.

State Sen. Ulysses Currie never disclosed his employment by Shoppers Food Warehouse on General Assembly ethics forms.

Ford Motor Co. posted its worst quarterly loss ever Thursday in a roiling global auto market that also saw profits fall at Daimler AG, Hyundai Motor Co.

Published: Thursday, July 24, 2008 at 9:21 p.m. Last Modified: Thursday, July 24, 2008 at 9:21 p.m. The following recall has been announced: - Publix Super Markets of Lakeland, Fla., has issued a voluntary ...

Shoppers make their way through the Carnival Food Store on North Main in Fort Worth on Wednesday, the day Fiesta's parent company announced plans to buy the rival chain's stores.

The nation's largest traditional grocery chain has removed jalapeno peppers from its stores as a precaution.

Published: Thursday, July 24, 2008 at 10:34 a.m. Last Modified: Thursday, July 24, 2008 at 10:37 a.m. AutoNation Inc.

A swingers club in Duncanville has been raided for a second time within days. The owners of The Cherry Pit had been challenging 10 citations, related to operating a sex club and running a sexually oriented ...

Corning Inc. announced today that it has reached an agreement to sell its Steuben Glass Division to Steuben Glass LLC, a newly formed affiliate of Schottenstein Stores Corp.

Stocks extended their rally Wednesday as another decline in oil prices and several upbeat profit reports eased some of Wall Street's concerns about the economy.

Amazon.com Inc. says its second-quarter profit more than doubled and surpassed Wall Street's expectations.

Internet conglomerate IAC/InterActiveCorp, preparing to spin off four of its operating units, said late Tuesday it plans to take about $170 million in charges because the housing crisis has diminished the value ...

Costco Wholesale Corp. , the largest U.S. warehouse-club chain, said earnings will be ``well below'' analysts' estimates after surging energy prices increased the retailer's costs and made selling gasoline less ...

Omarosa is not sorry for sparring with Wendy Williams. "I stand by everything I said," Omarosa told The Associated Press on Tuesday.

A Continental Airlines flight carrying former presidential candidate Ron Paul and six other members of Congress to Washington made an emergency landing in New Orleans on Tuesday after a loss in cabin pressure.

President Bush, in an unguarded moment, said Wall Street "got drunk and now it's got a hangover."He made the comment at a political fundraiser in Houston last Friday after asking members of the audience to turn ...

Texas oilman T. Boone Pickens asked Congress on Tuesday to "clear the path" for his plan to boost use of wind and natural gas for U.S. energy needs.

Grocer Supervalu Inc. cut its 2009 profit guidance on Tuesday, citing a slowdown in consumer spending and soaring energy costs, even as it said profit rose 9 percent in its fiscal first quarter.

By Alexandria Sage

SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc presented a colorful, casual line of youthful looks for kids and teens on Saturday at a fashion show that previewed the mass-market chain's new low-cost offerings for back to school.

The world's largest retailer has been careful not to accentuate the fashion quotient in its clothing offerings this year ever since a disastrous push into more stylish gear in late 2005 alienated its core customers looking for basics.

Still, the company's presence at the Fashion on the Square runway show in this city's posh downtown Union Square was a nod to the importance of youth trends when it comes to selling apparel.

A federal judge plans to issue an order this week designating the lead counsel in a class-action lawsuit arising from last winter's data breach at Hannaford Bros.

Retail clothing company Charlotte Russe Holding Inc. is down more than 22% in today's trading after announcing its third-quarter earnings per share had dropped and that its CEO would be retiring.

A new Market Street specialty grocery store is expected to bring 300 jobs to Frisco when it opens Aug.

Mervyns LLC, the low-end department store chain that has been languishing for several years, could be the latest casualty of the fiercely competitive retail climate.

Mervyn's LLC may be forced to file for Chapter 11 bankruptcy protection as early as this month if the California department-store chain fails to persuade its suppliers to ship products for the back-to-school ...

Thai-An Huu Nguyen Garland Police have in custody a 22-year-old male they believe is responsible for six shootings that started Sunday afternoon in Garland and expanded into Mesquite, Richardson and Plano over ...

The federal government failed to meet its goal of awarding 23 percent of its procurement dollars to small businesses, according to preliminary 2007 data.

Ann Taylor Stores Corp. has announced that Brian Lynch, currently president of the company's factory division, will assume the additional leadership of corporate real estate and construction and e-commerce ...

OMAHA, Neb. - The number of E. coli illnesses tied to the outbreak that prompted Nebraska Beef Ltd.'s recall of 5.3 million pounds of beef has grown to 49.

New Jersey is feeling its way through a new system for procuring parts for state vehicles while enraging some business-owners who say they are losing commerce and having to lay off employees.

Robert H. McCooey, Jr., Senior Vice President, who is currently responsible for U.S. listings and IPOs, will expand his current role to include new listings and IPOs in the Americas and the Asia-Pacific region.

The St. Louis-based grocery store chain Shop 'n Save agrees to pay $49,000 to settle a lawsuit filed by the U.S. Equal Employment Opportunity Commission.

When it comes to having friends and family over for summer gatherings, our first thoughts often turn to late afternoon barbecues with sizzling burgers, plastic cups and paper plates.

While some discretionary retail stocks have taken a hammering this year, electronic goods retailer JB Hi-Fi has been able to maintain a "buy" recommendation from a major investment house.

Shares of electronics retailer RadioShack Corp. climbed Friday after an analyst said the company may soon test a new concept designed to emulate Apple Inc.'s popular stores.

Dorothy's famous ruby slippers from 'The Wizard of Oz' she is one of 19 designers who have been chosen by Warner Bros.

Larry H. Miller's eldest son Greg Miller has been promoted to chief executive officer of the Sandy-based Larry H. Miller Group of Companies, which includes the Jazz.

New information Friday night, on the explosion Thursday that damaged this house in Great Bend, and injured 2 employees of Suburban Propane.

All ImagiPlay toys, like Puff the Alphabet Dragon, are safety tested, founder Barbera Aimes said.

Hardware distributor Orgill plans to close its distribution center in Memphis, Tennessee, and eliminate 160 jobs.

In this April 10, 2007 file photo, people pass the entrance of a Rite Aid store in Philadelphia.

MARION, Ill. - Marion's hopes for attracting a Target distribution center have been dashed.

Wal-Mart Stores Inc. and Dell Inc. are testing a repair and installation service in the Dallas area.

Texas Attorney General Greg Abbott announced today that two companies have agreed to pay the state a total of nearly $1.5 million for violating laws aimed at curbing identity theft.

A previously unseen watercolour by Beatrix Potter, showing rabbits leaving a Christmas party, has fetched a record 289,500 at auction.

Following about 90 days of work and negotiations, the city of Sikeston announced Wednesday that Orgill Inc.

Higher gas sales and a boost from its more upscale stores helped grocer Safeway Inc.

The company said it would raise prices for the third time this year. Sherwin-Williams also forecast that the still-souring housing sector would hamper its third-quarter results.

A South Sioux City, Nebraska, man who stabbed his girlfriend eleven times, and then himself, will spend at least 10-years behind bars.

Woolworths Ltd., Australia's biggest retailer, said fourth-quarter sales growth slowed to 7.5 percent as record fuel prices and higher borrowing costs curbed demand at its supermarkets and Big W discount ...

An upscale retailer is the first to announce plans to locate a store in the Cincinnati Premium Outlets along Interstate 75 and Ohio 63 in Monroe.

Chicago has landed the new corporate headquarters of the freshly merged Molson Coors Brewing Co.

The Minnesota-based online grocer, SimonDelivers.com, says it will shut down service to all areas, including Rochester, in two weeks due to a spike in food and fuel prices.

A Fort Worth man died overnight after he was struck by lightning while camping at Joe Pool Lake, near Dallas.

The Co-operative Group said Wednesday it had struck a deal to acquire British supermarket Somerfield for 1.56 billion pounds (US$3.12 billion).

The deal would secure the Co-op's place as Britain's fifth-biggest food retailer.

The Manchester, England-based Co-operative Group Ltd. is the world's largest consumer cooperative. It already has some 2,200 stores, part of its empire of food, drug, travel, financial and funeral services. The Somerfield Group operates about 900 stores, including 140 gas stations.

Nordstrom Inc. plans to open a 122,000-sf, three-level store in 2010 at Santa Monica Place, a 550,000-sf enclosed mall that Santa Monica-based Macerich is converting to an open-air venue.

The firm, best known for its camel, red and black check, beat forecasts on Tuesday with a 26 per cent rise in first-quarter revenues.

An E. coli outbreak traced to recalled beef in Michigan and Ohio has spawned cases in three other states, U.S. health officials said Tuesday.

Wal-Mart Stores Inc. announced Tuesday it is introducing a new jewelry line that allows customers to trace the origins of the materials through a Web site that links to mines and manufacturers.