Finance

05/09/2013 - 5:14pm
Wet Seal to pay $7.5 million in discrimination lawsuit

Wet Seal Inc. agreed to pay $7.5 million to settle a federal racial discrimination lawsuit that accused retailer of firing black employees because they didn’t fit the retailer’s “brand image.”

05/09/2013 - 11:35am
TJX joins exodus of retailers no longer reporting monthly sales

TJX Cos. has joined the growing ranks of retailers who no longer report monthly sales.

05/09/2013 - 11:33am
Canadian Tire Corp. to capitalize on real estate holdings with REIT

Canadian Tire Corp. plans to spin off most of its real estate assets into a C$3.5 billion (approximately U.S. $3.49 billion) real estate investment trust, with an initial public offering expected later this year.

05/09/2013 - 11:28am
Marks & Spencer completes rollout of Visa contactless payments

Britain’s Marks & Spencer (M&S) has completed the roll out of contactless payment to 644 of its United Kingdom stores, including its railway and airport franchise locations.

05/09/2013 - 11:26am
Gallup: Americans would rather save

A substantially higher percentage of Americans (60%) would rather save money than spend it (37%), according to a new Gallup poll. Consumer show little difference in these preferences according to demographic categories such as age, gender, education and political party.

05/09/2013 - 11:17am
Mixed-bag for retailers in April; TJX, Gap and The Buckle shine

TJX Cos., Gap Inc., The Buckle and Zumiez all reported better-than-expected same-store sales for April, even as concerns about the job market bit into other retailers’ results.

05/08/2013 - 4:28pm
Foot Locker to buy German athletic footwear chain Runners Point

Foot Locker Inc. said Wednesday that it will buy German athletic store chain Runners Point Warenhandelsges (RPG) for 72 million euros ($94 million) as it expands in Europe.

05/08/2013 - 11:35am
Stein Mart same-store revenue surges in April

Revenue at stores open at least one year climbed 8% last month for discount retailer Stein Mart.

05/08/2013 - 11:34am
Fred’s meets high April expectations

Fred’s, Inc. reported a slight boost in total sales for the first three months of fiscal 2013 compared to the same period last year – an increase from $500.5 million to $501.4 million.

05/07/2013 - 5:47pm
Whole Foods Market Q2 profit surges 20%; raises forecast

Whole Foods Market reported that its second-quarter net income rose to $142 million from $118 million a year earlier, beating analysts estimates.

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