RETAIL

Autos lift U.S. retail sales; inflation perks up

IBTimes Logo
A jump in auto and gasoline sales salvaged an otherwise lackluster June for U.S. retailers, while an inflation gauge jumped by twice as much as expected, suggesting a long-awaited economic recovery will be sluggish.
More news
IBTimes Logo

Stock futures rise before Goldman results, retail sales

Stock index futures rose on Tuesday as investors bet that quarterly earnings from Goldman Sachs Group would kick off a strong reporting season for financial companies, offsetting caution over the looming release of June retail sales.
IBTimes Logo

June rains, penny-pinching dampen retail sales

June sales fell for most U.S. retailers as the plunging job market and cool, rainy weather dampened interest in summer shopping for consumers, triggering concern about the back-to-school season.
IBTimes Logo

June rains, penny pinching dampen retail sales

Sales fell at many U.S. apparel retailers and warehouse club stores in June as the weak economy and cool, rainy weather dashed interest in summer shopping for consumers across the country.
IBTimes Logo

Bluetooth Big Brother tracks festival-goers

Researchers are using Bluetooth technology to observe the meanderings of tens of thousands of festival-goers at a top European rock festival, hoping their findings will launch a new generation of tracking devices.
IBTimes Logo

Carphone to sell Vodafone contracts again

British telecoms and retail group Carphone Warehouse will offer contracts from Vodafone from next week in its 820 stores, ending a three-year dispute, Vodafone said on Thursday, confirming media reports.
IBTimes Logo

Japan raps Citi for lax money laundering controls

Citigroup has been ordered by Japanese regulators to stop marketing financial products at its retail bank for a month, a slap that is unlikely to squeeze revenue but will further tarnish the U.S. bank's reputation in a key market.
IBTimes Logo

Wall St jumps on Bernanke relief

U.S. stocks rallied on Thursday on investors' relief that Federal Reserve Chairman Ben Bernanke was weathering a tough grilling in Congress relatively well.
IBTimes Logo

Rain, cool weather dampen U.S. June retail sales

Rain and cooler-than-usual weather so far in June may have dampened demand for summer items such as sandals, swimwear and beer for retailers already hard put to counter sales declines during the recession.
IBTimes Logo

Japan's 7-Eleven says may contest regulatory rebuke

Japan's largest convenience store chain, Seven-Eleven, said it may appeal a finding by the country's anti-monopolgy watchdog that it had illegally pressured franchise stores not to cut the prices of food items.
IBTimes Logo

U.S. malls' ills give independent stores an opening

The wave of bankruptcies that has eliminated dozens of U.S. retail chains could force landlords to rethink their traditional aversion to having small, independent retailers as tenants, a retail real estate expert said on Thursday.
IBTimes Logo

Retail sales, drop in jobless claims fuel hope

U.S. retail sales rose in May for the first time in three months and the number of workers filing new claims for jobless benefits last week hit a January low, fostering hope the recession was abating.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.