Content about Reuters

May 14, 2013
Report: J.C. Penney stores, real estate worth $4.06 billion

A report by Reuters said that J.C. Penney Co.’s real estate holdings – including stores, DCs and headquarters – are worth a total of $4.06 billion.

April 26, 2013
Consumer confidence down in April

Consumer confidence dropped in April to a three-month low amid discouraging economic indicators, according to the Thomson Reuters/University of Michigan Survey of Consumers.

April 22, 2013
J.C. Penney selling Martha Stewart-designed goods while court battle rages
A Monday report by Reuters said that J.C. Penney has begun selling the Martha Stewart “JCP Everyday” lines of home goods, without waiting for a decision from the New York court.
April 10, 2013
Report: Wal-Mart exec who called sales ‘total disaster’ has left

A Wednesday report by Reuters said that Jerry Murray, the Wal-Mart finance VP who called the chain's early February sales "a total disaster" in an email made public by Bloomberg, has left the company, effective April 5.

April 9, 2013
J.C. Penney’s stock falls amid reports that Q1 same-store sales off 10%

J.C. Penney Co. shares fell 12% to close at $13.93, and nearly reached their lowest levels since 2001, Reuters reported.

March 27, 2013
J.C. Penney resumes old pricing strategy; marketing exec leaves for Home Depot

A report by Reuters said that embattled J.C. Penney Co. has recently revived its previously abandoned pricing strategy of raising prices on its own brands then discounting them as a way to spike sales and margins.

March 26, 2013
Report: Wal-Mart to test in-store lockers for online purchases

Walmart plans to test the use of in-store lockers to hold goods ordered on its Web site until shoppers can pick them up, Reuters reported.

March 25, 2013
Limited Brands temporarily changes name to L Brands

A report by Reuters said that Limited Brands has temporarily changed its name to L Brands Inc.

March 4, 2013
Reuters: Ron Johnson knew Martha Stewart deal was in conflict with Macy’s

A report by Reuters revealed that J.C. Penney CEO Ron Johnson was well aware that the retailer’s deal with Martha Stewart would step on Macy’s toes, but testified in court that the company decided to move forward anyway.

March 4, 2013
Reuters: Ron Johnson knew Martha Stewart deal was in conflict with Macy’s

A report by Reuters revealed that J.C. Penney CEO Ron Johnson was well aware that the retailer’s deal with Martha Stewart would step on Macy’s toes, but testified in court that the company decided to move forward anyway.

February 28, 2013
Kimco receives subpoena in Wal-Mart probe

Shopping center operator Kimco Realty Corp. has received a subpoena in an investigation over possible violations of the Foreign Corrupt Practices Act (FCPA) by Wal-Mart Stores, Reuters reported.

February 14, 2013
Report: Founder of Best Buy may give up on takeover bid

Richard Schulze, founder of Best Buy Co., may abandon a buyout bid and instead line up investors to take a minority position in the electronics retailer, Reuters reported.

February 6, 2013
CVS Q4 profit up 6%; acquires Brazilian-based chain

CVS Caremark executives expressed optimism Wednesday morning as the company posted record fourth-quarter results and raised its 2013 guidance.

February 5, 2013
Report: J.C. Penney files lawsuit to block bondholders from declaring default

J.C. Penney Co. filed a lawsuit asking a Delaware judge to declare that it is not in a default of its bond agreements, protecting nearly $3 billion of debt from being due in the coming months, Reuters reported.

January 25, 2013
Gigante and Petco in deal to open stores in Mexico and Latin America

Mexican supermarket and restaurant operator Gigante has entered into a joint venture with Petco Animal Supplies to open at least 50 stores in Mexico and other Latin American countries over seven years, Reuters reported.

January 24, 2013
Report: Wal-Mart studying India investment conditions

According to a report by Reuters, Wal-Mart Stores Inc. is examining the conditions around India’s decision to allow supermarkets to open stores in the country.

January 18, 2013
Consumer confidence falls in January

Consumer confidence fell in January to a one-year low, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

January 4, 2013
Virgin Megastore France to declare itself insolvent

A Friday report by Reuters said that Virgin Megastore’s French division will declare insolvent next week, slated to unveil a plan to file for payments suspension on Jan. 7.

January 4, 2013
Virgin Megastore France to declare itself insolvent

A Friday report by Reuters said that Virgin Megastore’s French division will declare insolvent next week, slated to unveil a plan to file for payments suspension on Jan. 7.

December 28, 2012
Report: Holiday sales up 0.7%

Holiday-related sales rose 0.7% from October 28 through December 24, compared with a 2% rise last year, according to a preliminary report from MasterCard Advisors Spending Pulse.

December 19, 2012
Brazil’s largest retailer to add 100 mini stores in 2013

A report by Reuters said that Brazilian grocer Grupo Pão de Açúcar – the country’s largest retailer – plans to open 100 new mini stores in 2013.

December 3, 2012
Report: Starbucks may reconsider U.K. tax payments

Starbucks Coffee Co. is considering changes to its tax practices in the U.K. in the wake of criticism from lawmakers, tax campaigners and the media, according to Reuters.

November 20, 2012
Hudson’s Bay raising less than planned in IPO

Canada's Hudson's Bay Co. is set to raise C$365 million ($367 million) in its initial public stock offering, Reuters reported.

November 12, 2012
Report: Walmart to raise healthcare premiums

Walmart’s U.S. employees will pay between 8% and 36% more in premiums for its medical coverage in 2013, Reuters reported.

November 6, 2012
Report: Amazon packages for pick-up at Staples

According to a report by Reuters, Staples will install Amazon lockers inside its U.S. stores, providing consumers an alternative location to receive packages from the online retailer.

© 2013