| Feb 13, 2014
| 9:53 AM
Burger King reported Thursday that profits soared 37% in the fourth quarter as the company reduced costs and benefited from growth overseas and the popularity of new menu items.
The fast-food giant, which operates 13,600 restaurants in more than 90...
| Jan 13, 2014
| 12:37 PM
Indoor malls may have a limited lifespan, according to Rick Caruso, owner of Southland centers including the Grove in the Fairfax district and the Americana at Brand in Glendale.
In a Sunday keynote speech to some 4,000 people at the National Retail...
| Feb 13, 2014
| 7:32 AM
The winter economic blues continue.
Retail sales unexpectedly fell 0.4% in January from December, the government said Thursday. That was the biggest drop in 18 months and the latest in a series of blah reports on the economy.
Sales were “...
| Mar 6, 2014
| 3:48 PM
A Baltimore-based real estate company acquired the troubled Eastpoint Mall last month for $33.4 million, only slightly more than the 68-acre property fetched at auction in 2012.
P. David Bramble, managing partner of buyer MCB Real Estate LLC, said the...
| Jan 2, 2014
| 8:53 AM
Las Vegas is no longer the gambling capitol of the world. Not by a long shot.
The tiny Chinese city of Macau reported a whopping $45 billion of gambling revenue in 2013, a figure analysts expect will be about seven times as much as casinos on the iconic...
| 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,...
| Mar 3, 2014
| 2:59 PM
Oscar fashion and beauty have an immeasurable amount of influence on what people wear to high-profile events, including other red carpets and high school proms. So it comes as no surprise that retailers begin releasing knockoffs and real versions of Oscar...