Amazon, Overstock lose case against NY – A New York judge dismissed lawsuits filed by retail behemoths Amazon.com and Overstock.com disputing a recent tax law allowing New York to collect sales taxes from Web retailers with no physical appearance in the state. “Amazon’s complaint must be dismissed in its entirety for failure to state a cause of action,” said NY Supreme...
Retail Industry Archive
January 2009
With poor results getting retail stocks hammered on Wall Street, even more pain is being inflicted on the already beat up home furnishings sector where two major players, Pier 1 and Cost Plus, started today with share prices under a dollar and questions about their survival looming. Pier 1 is in the tougher spot. In its last quarter reported, ending Nov. 29, sales were off by 20% and comparable...
Retail experts explain why ‘cash is king’ at NRF conference — Cash is of paramount importance for retailers in the coming year, according to investment banker Peter Solomon and J.C. Penney Co. CEO Myron Ullman III, both of whom spoke at the National Retail Federation Conference in New York. Solomon said he is telling retail clients to focus on how much cash they have every...
Tesco is a mighty retailer, fourth largest in the world, but, even with its expansion in the United States continuing, it might not turn out to be the nightmare for Wal-Mart that some, particularly observers in Britain, expected it to be. Kroger, however, could turn into a nightmare. One of the major weapons Tesco employs in its United Kingdom home market is a loyalty card program developed...
Speaking at the National Retail Federation convention in New York today, Lee Scott, outgoing Wal-Mart ceo, said the current recession is fundamentally changing consumers in the United States. Among his comments about the state of retailing and the economy, Scott said younger consumers particularly are becoming more focused in their spending, less anxious to use credit and increasingly...
Circuit City in talks with two investors despite crumbling market for electronics — Mystery clouds the news that two unnamed parties are interested in either buying Circuit City Stores or giving the electronics retailer the funds to stay in business. The chain filed for Chapter 11 bankruptcy protection in November, and because the retail climate has only gotten progressively worse since...
Walgreens slashes 1,000 management jobs — Walgreen Co. announced Jan. 9 that it plans to cut 1,000 field-management employees, marking the largest corporate reduction in the retailer’s history. Although the company is eliminating 9 percent of its upper-level staff, the job cuts won’t include store employees. The layoffs play into the chain’s plan to attain $1 billion in...
One way retailers are dealing with lower consumer spending is by cutting back staff, but that is going to hurt as well as help them as they deal with the recession. A United States Department of Labor study reported that retailers slashed 66,000 jobs in December. Firing employees isn’t always a cost savings, however. According to a Motorola study conducted in the holiday time frame, almost a...
Macy’s shutters 11 stores — On the heels of a poor holiday season, Macy’s Inc. has decided to close 11 underperforming locations, according to a Jan. 8 announcement. Final-clearance sales at these stores will begin within the next week, and more than 700 employees will be displaced. “These closings are part of our normal-course process to prune underperforming locations...
Target sales for December constitute more evidence that consumers are making discounts a higher priority when they’re shopping. Target said its comparable-store sales for the five weeks ended Jan. 3 declined 4.1 percent, but Gregg Steinhafel, its president and ceo, noted that the decline moderated in the last two weeks of the month as the company reduced prices. While he said Target was...
- Target Talks Cheap as Black Friday Battle Beckons
- Sears Face(book)s Black Friday
- Target Pumping Up Its Image with the Right Food
- Costco Challenges Coke and the Stakes Could Be High
- When Walmart Comes to Town, Other Retailers Self Destruct
- Blackhawk Part Two: Gift Cards Replace Banks as Consumers Get Creative
- Target Is Missing a Big Opportunity to Open More Urban Stores
- Blackhawk Helping Supermarkets Grab a Chunk of Everyone's Gift Card Business
- The New Normal Won't Emerge as a Walmart World
- Would You Bet on Black Friday?: Q&A With Bookmaker.com
- Macy's Holiday Prospects May Be Good But Long-Term Chances Murkier
- Supermarkets Adding Bars So Gourmet Consumers Will Entertain Thoughts of Shopping
- CVS Retail Operations Power Forward
- Timing Is Right for Rue21's IPO, if it Doesn't Overexpand
- Whole Foods Slims Down Stores So They'll Age Better
- TheFind.com Give Bargain Hunters More Options Online
- Costco Challenges Coke and the Stakes Could Be High
- Wal-Mart, Target and Costco Shine as Private Labels Challenge National Brands
- Walmart Garanimals Expansion Signals Gentler Approach to Holidays
- Booksellers Take On Walmart, Target, Amazon Over Discounts -- But It's Just Business as Usual
- Pizza and Cupcakes Keep 'em Coming to 7-Eleven as Cigarette Business Slides
- Gap Stands Behind Flailing Banana Republic
- Prediction Calls for Happy Black Friday
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- P&G Retail Push Makes Sense, Risks Aside
- Walmart Readies Smaller Stores for Smarter Growth
- Duckwall-ALCO Rights Itself Amidst Recession
- Lauren Conrad YouTube Tops Kohl's Online Fashion Effort
- Giant Supermarkets Seek Advantage of Small Stores
- Neil Cole Steps Out From Brother Kenneth's Shadow With Iconix -- Or Does He?
- Costco Sees Key Product Categories Turn Positive in September
- Target Fashions a Comeback from Recession with Carlos Falchi, Jean Paul Gaultier
Industry Transcripts by Seeking Alpha
- Coldwater Creek, Inc. Q3 2009 (Qtr End 10/31/09) Earnings Call Transcript
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- Borders Group Inc. Q3 2009 Earnings Call Transcript
- American Eagle Outfitters, Inc. Q3 2009 (Qtr End 10/31/09) Earnings Call Transcript
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