| Dec 3, 2013
| 10:36 AM
Bargain-hunting shoppers on Cyber Monday broke consumption records, making the online shopping bonanza the biggest e-commerce day in history, according to data from IBM Digital Analytics Benchmark.
Online sales surged 20.6% compared with the same day...
| Nov 20, 2013
| 7:35 AM
Retailers are going into the Thanksgiving, Black Friday and Christmas shopping season with a smaller degree of panic after government data showed better-than-expected sales in October.
Retail sales jumped 0.4% last month, according to the U.S. Census...
| Jan 24, 2014
| 4:24 PM
Wal-Mart Stores Inc. is laying off 2,300 employees in its Sam’s Club division as it tries to make its workforce leaner.
In total, 2% of the 116,000 Sam’s Club employees in the U.S. will lose their jobs. Employees were being informed of the...
| Jan 22, 2014
| 3:58 PM
American Eagle Outfitters Inc. said after the market closed Wednesday that Chief Executive Robert Hanson has left his post after less than two years, a move that stunned Wall Street.
The teen apparel retailer said Executive Chairman Jay L....
| Mar 4, 2014
| 8:29 AM
Stocks surged Tuesday as traders celebrated reports of a softening of tension in Ukraine. The three major indexes were in positive territory, with the S&P 500 trading at a record high.
The Dow Jones industrial average jumped 192 points, or 1.2%, to 16,...
| Jan 28, 2014
| 9:09 AM
J.C. Penney Co. just made it easier to trigger its shareholder rights plan — a.k.a. its poison pill defense against hostile takeover attempts — leading to early speculation on Wall Street that potential buyers might be sniffing for an opening....
| Dec 16, 2013
| 12:22 PM
Fewer than 10 days remain until Christmas, and retailers are trying to make the most of the holiday crunch time by luring online shoppers with free delivery offers.
Wednesday is Free Shipping Day, a last-minute consumption craze initiated in 2008 by...
| Dec 10, 2013
| 9:08 AM
Fifth & Pacific Companies Inc. has agreed to sell Lucky Brand Jeans to Los Angeles private-equity firm Leonard Green & Partners for $225 million, the companies announced Tuesday. William L. McComb, Fifth & Pacific's chief executive, said the Lucky sale is...
| Oct 31, 2013
| 11:30 AM
Researchers at Morgan Stanley have a pretty simple forecast for the coming holiday season: Expect coal.
A new report from the financial services firm anticipates the period between Thanksgiving and Christmas this year to be the slowest and most...
| Oct 8, 2013
| 10:36 AM
J.C. Penney Co.'s depressed stock regained some ground Tuesday after the company said it was “making solid progress in its turnaround.”
In a self-issued report card, the department store chain said it anticipates that it will have more...
| Jan 18, 2014
| 2:30 PM
While a deluge of restaurants and retail shops are expected to fill downtown Allentown in the wake of the PPL Center's debut in the fall, the city will soon be losing another bookstore.
Another Story used bookstore at 524 N. 18th St. (near Wert's Cafe)...