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Banana Republic and Old Navy Weigh Down Gap
Gap has reported another drop in sales for the fifth consecutive quarter because of weak demand for its Old Navy and Banana Republic brands the clothing retailer is having problems wooing back its former shoppers that were lost to... More of this article »
GNC Might Look for Buyer
GNC Holdings, the health-supplement and vitamins chain that has more than 9,000 stores might be trying to sell itself. GNC announced that it hired Goldman Sachs as well as a law firm to advise it on financial and strategic alternatives,... More of this article »
Profit at Fiat Chrysler Soars on North American Performance
On Tuesday, Fiat Chrysler Automobiles NV announced that its net profit for the first quarter was 478 million euros or $539 million as consumers in North America snapped up the higher priced SUVs as well as pickups from the automaker. The... More of this article »
Fakes Industry Worth More Than $460 Billion
The majority of consumers might think of Louis Vuitton knockoff bags when thinking of counterfeit goods. However, the problem of fake goods reaches well beyond just those of luxury handbags. The phony products trade is one that is... More of this article »
Unilever Growth is Elusive, Sales Meet Expectations
Unilever posted sales growth for the first quarter in line with expectations as the maker of consumer goods battled lower prices and dwindling demand for certain products around the world. Underlying sales were up 4.7%, said Unilever... More of this article »
Investment by Bill Gates Gives Sears a Needed Boost
Sears the struggling retailer that was at one time was one of the biggest in America, has for a number of years enjoyed the strong financial backing of its billionaire CEO and chairman Edward Lampert, whose company ESL Investments... More of this article »
Ivanka Trump Has Scarves Recalled Due to Risk of Burning
Donald Trump has a new connection with China that could be considered quite embarrassing. Close to 20,000 scarves that were manufactured in China for the fashion line of Ivanka Trump, Donald’s daughter, have been recalled due to... More of this article »
Amazon: Female Workers Receive Pay Equal to Male Workers
Amazon.com under pressure from one of its activist shareholders to disclose policies on gender pay and its equality, said this week that its female employees earn as much as male counterparts, according to one survey it conducted recently. The... More of this article »
Tiffany’s Profit Exceeds Expectations on Drop in Costs
Tiffany & Co, the upscale jeweler posted a profit that was better than had been expected for its holiday quarter. The jeweler was boosted by increased prices and a benefit from lower costs of gold, silver and diamonds. Stock in... More of this article »
Exports from China Contract 20% Causing Worries over Slow Growth
Last month exports from China shrank sharply deepening the worries over a slowing growth in the second largest economy in the world. February exports contracted by 20.6% from the same period last year to just over 821.7 billion yuan... More of this article »
Tour by Tesla of Meet Model X Begins
During the earnings call for Tesla Motors the electric carmaker earlier this month, the company announced it was doing whatever it could to heighten the demand for its launch in September of Model X SUV. With orders coming in for the... More of this article »
U.S. is Now Top Trade Partner with Germany by Passing France
Last year, the United States become the No. 1 destination for exports from Germany, overtaking France who had been No. 1 since 1961. The U.S. economy made an upturn along with the weaker euro helped the U.S. become the biggest trading... More of this article »
Google Express Makes Debut of Grocery Deliveries
Google is amidst the launching of yet another service that will deliver fresh groceries in two cities in the U.S., which will only intensify the competition with Amazon.com the retail giant online and other start-ups in the tech industry... More of this article »
Dunkin Donuts Posts Drop in Same Store Sales in U.S.
Dunkin’ Brands Group Inc has reported a sales drop at its established Dunkin’ Donuts restaurants in the U.S. as its price increases and an intensified competition lowered the number of customer visits. The company, which owns the... More of this article »
Proctor & Gamble Sees Profit and Sales Rise
On Tuesday, Proctor & Gamble reported earnings that were better than had been expected for its quarter ending in December, as an increase in pricing helped return the giant in consumer products to growth in core sales. The maker... More of this article »
Lululemon Raises Guidance Thanks to Strong Sales
Lululemon Athletic helped investors to find a bit of Zen Monday when the maker of yoga wear raised its forecast for sales and profit for its fourth quarter after enjoying a blockbuster period during the holiday season. The company... More of this article »
Death Toll of Dairy Cows to Pass 30,000 in New Mexico and Texas
New Mexico and Texas diary producers have estimated that the death toll amongst cows during the winter storm that just passed named Goliath will surpass 30,000. The winds are thought to be the cause of death of many of the animals.... More of this article »
Port of Los Angeles Introduces New Era of Megaships
On Saturday, the CMA CGM Benjamin Franklin arrived at the Port of Los Angeles. The massive blue ship is 1,300 feet in length, 177 feet in width and 197 feet in height. The ship is able to carry up to an equivalent of 18,000 of the... More of this article »
Starbucks Predicting Gift Cards to Be Huge Hit for Holidays
Starbucks is expecting a great deal of business from shoppers who wait until the last minute on Christmas Eve. The coffeehouse chain is predicting sales in record numbers of its gift cards on December 24, likely topping the North American... More of this article »
Corning Expanding Use Of Gorilla Glass (NYSE:GLW)
Corning Inc.’s Gorilla Glass, commonly used for the screens on mobile phones, is having its use expanded by the company. The thin, lightweight glass could soon be used on cars across the nation. Car makers are interested in using... More of this article »
Newell Rubbermaid To Acquire Jarden In $15.4B Deal (NYSE:NWL)
Newell Rubbermaid has announced its intentions to purchase consumer products company Jarden for $15.4 billion in a cash and stock deal. The merger of Newell Rubbermaid and Jarden would create a consumer products juggernaut that would... More of this article »
Volkswagen CO2 Emissions Affect Fewer Vehicles Than Was Feared
The number of Volkswagen vehicles whose carbon emissions were understated is far less than first feared said the German automaker on Wednesday. This provided some relief for VW as it continues battling a wider scandal of diesel emissions... More of this article »
Kellogg Branching Out From Cereal Business (NYSE:K)
Kellogg is branching out in the ever-expanding breakfast market, focusing on new products to attract more customers. The move comes in the midst of continual sales declines of its cereal products. Instead of trying to convince customers... More of this article »
Loss Narrows at Big Lots, Profit Outlook Lifted
Big Lots Inc announced that its loss had narrowed during the third quarter, as there was modest growth in revenue. The company raised its lower end of guidance for 2015. The company, based in Ohio, buys a broad range of discounted... More of this article »
Nissan and Toyota Gain U.S. Market Share in Strong Month
Automakers took advantage of early deal making for the holidays to keep sales in the U.S. on a run that was unprecedented during November, helped by an economy that strengthened and inexpensive prices of gas at the pumps that whetted... More of this article »
Blackberry Will Leave Pakistan As It Rejects Demands for Monitoring
Blackberry confirmed that it was leaving Pakistan in response to the government’s demands to monitor the user data on the company’s service. Last July, the PTA or Pakistan Telecommunications Authority said it would shutdown the... More of this article »
Unilever Turns Focus To Renewable Energy (NYSE:UL)
Unilever has announced a pledge to switch to using only renewable energy by 2030. The consumer goods maker also said that it would stop using energy from coal by 2020. The company aims to have renewables meet 50 percent of its energy... More of this article »
Abercrombie & Fitch Report Higher Profit for Third Quarter
Abercrombie & Fitch showed more progress during the third quarter in efforts to revamp its brand while weaning its customers from its heavy discounts. It helped the teen focused retailer to post a higher profit for the quarter. Profit... More of this article »
Amazon Starts Its Deals for Black Friday This Week
Black Friday at Amazon starts this week with eight consecutive days of deals. The online behemoth announced on Wednesday that it would start offering its deals for Black Friday this Friday November 20 and have deals continuing throughout... More of this article »
Constellation Brands Acquiring Craft Brewer for $1 Billion
Constellation Brands placed a $1 billion bet on the rapidly expanding craft beer market on Monday announcing that it reached an agreement to purchase Ballast Point Brewing and Spirits based in San Diego for a price of $1 billion. Founded... More of this article »
Nordstrom Earnings Disappoint In 3Q (NYSE:JWN)
Seattle based retailer Nordstrom Inc. announced disappointing results for the third quarter of its fiscal year. For the third quarter, Nordstrom reported earnings per share of $0.42. This was lower than the predictions of Wall Street... More of this article »
Alibaba Smashes Sales Record for Singles Day
It took just half the time for Jack Ma this year to sell what was sold last year with his online sites. Transactions through the Alibaba Group Holding during the once a year Singles Day shopping event surpassed 57.2 billion yuan or... More of this article »
Campbell Soup Revamping Recipes (NYSE:CPB)
The Campbell Soup Company has announced that it is changing the ingredients in many of its soup products to better reflect the desires of consumers. The company is getting rid of ingredients that consumers today are shying away from.... More of this article »
ConAgra Foods Ending Private Label by Selling to TreeHouse Foods
Close to three years after it entered the business of private label foods, with a deal of $5 billion to acquire Ralcorp Holdings, ConAgra Foods is leaving the marketplace after its business did not deliver the profits anticipated and... More of this article »
Amazon Sales Beat Expectations with Prime Event Help
Amazon.com Inc saw its shares soar following the announcement that its sales for the third quarter topped estimates of analysts thanks to the cloud-computing division that is rapidly growing, a boost from July’s Prime Day event... More of this article »
Macy’s to Hire Fewer Seasonal Workers for the Holidays
Macy’s plans to hire fewer temporary employees for its holiday season this year. This is news that arrives just a couple of weeks after the retailer cut its sale forecast for the full year due to a poor start at the beginning of... More of this article »
Fiat Chrysler Recalls Additional Cars to Fight Off Hackers
Fiat Chrysler Automobiles ordered its second recall in the last two months to install software that will protect against hackers. The recall was ordered on Friday and will update software in more than 7,800 of its Jeep Renegade 2015... More of this article »
Labor Market In U.S. Still Strong Despite Less Job Growth
Job Growth in the U.S. slowed during August, but the rate of unemployment dropped to close to a low of 7 ½ years, while wages moved higher, keeping the prospects alive of a interest rate increase by the Federal Reserve later in September. Nonfarm... More of this article »
Navistar Posts Loss, Continues its Restructuring
On Wednesday, Navistar International reported a third quarter $8 million net loss equal to 34 cents a share. Officials at Navistar announced that the company was hurt from lower export sales of parts and trucks and continued efforts... More of this article »
Walmart Cuts Workers Hours After Making Pay Raises
Walmart Stores Inc is currently spending over $1 million to raise the wages of employees and giving them more training, but at the same time has been cutting the amount of hours some work in an attempt to keeps its costs in line. Regional... More of this article »
One-Hour Delivery by Amazon Arrives in Seattle
Customers with Amazon Prime in Seattle can now have one-hour delivery on thousands of different products including everything from napkins to televisions including wine and beer. Amazon’s speedy service of delivery with one-hour... More of this article »
Dangerous Bacteria in Ground Beef Shows Study
Ground beef purchased in the store often contains a number of different bacteria that could make humans ill and is resistant to most of the drugs that are used to treat it, says a new study released by Consumer Reports. While the... More of this article »
Sears Reports Profit for the Quarter But Sales Drop
Sears Holding Corp reported its first profit for a quarter in over three years Thursday due to a gain that was one and off from sales of many stores. However, sales at the struggling retailer continue to drop at a clip of double digits. The... More of this article »
Chipotle Raises Prices of Products Containing Beef
Chipotle the burrito giant of the fast-casual restaurant world is now charging more for menu items that have beef. The company cited continuing increases in beef prices, with the burrito chain charging between 4% and 6% more for its... More of this article »
Macy’s Sales Lower Than Had Been Expected
Macy’s Inc posted quarterly sales that were lower than had been expected as a strong U.S. dollar substantially reduced the spending by foreign visitors in the U.S. and the business discounted to move merchandise delayed because of... More of this article »
Tata Motors Slashes Targets for Production and Sales
Tata Motors has cut its production, price and sales targets at its Jaguar Land Rover luxury brand in China, a top company executive said, as it is struggling with a slowdown in the market that is creating high inventories. Economic... More of this article »
Kellogg Earnings Fall by 24% On Strong Dollar, Weak Domestic Demand
Kellogg Co announced that its earnings for the second quarter had dropped by 24% as its international sales were hit by the stronger dollar and weak demand domestically for its cereal and other types of its packaged foods. Kellogg,... More of this article »
Goodyear Profit Exceeds Estimates on Demand in North America
Goodyear Tire and Rubber Co, the largest tire maker in the U.S. by sales reported a quarterly profit that was better than had been expected helped from a higher demand in the region of North America and lower costs. Goodyear said tire... More of this article »