retail

Lord & Taylor
Wang Ying/XinhuaNewsAgency/Getty
May 06, 2019 - 3:09 pm
By Nathaniel Meyersohn, CNN Business (CNN) — In another sign of the separation between haves and have-nots in retail, Lord & Taylor's owner said it would consider selling the iconic department store chain. Hudson's Bay announced Monday that it was pursuing strategic options for Lord &...
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Amazon wants to turn its famous two-day delivery into just one-day on most Prime orders. But can warehouse workers handle it?
Peter Macdiarmid/Getty Images via CNN
April 28, 2019 - 10:24 am
By Jackie Wattles, CNN Business (CNN) -- Amazon wants to turn its famous two-day delivery into just one-day on most Prime orders. But can warehouse workers handle it? The company's plan to spend $800 million this spring to speed up deliveries for Prime members has sparked a tense back-and-forth...
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The remains of defunct Sears Holdings is suing Eddie Lampert, the man who was its previous CEO and primary shareholder, alleging he improperly stripped the company of assets as it hurdled toward bankruptcy.
Mike Segar/Reuters via CNN
April 18, 2019 - 8:58 pm
By Chris Isidore, CNN Business (CNN) -- The remains of defunct Sears Holdings is suing Eddie Lampert, the man who was its previous CEO and primary shareholder, alleging he improperly stripped the company of assets as it hurdled toward bankruptcy. Lampert was able to buy the operating assets of...
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Toys R Us
Photo credit: Chris Pedota/NorthJersey.com via USA TODAY NETWORK
January 11, 2019 - 10:33 am
By Nathaniel Meyersohn, CNN Business (CNN) -- You may have never heard of Ollie's Bargain Outlet. But this eccentric discount chain wants to open hundreds of new stores across the country. Ollie's is one of the wackiest stores around. Its logo is a caricature of founder Oliver "Ollie" Rosenberg...
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Bigger paychecks help drive best holiday shopping season in six years
Alex Flynn/Bloomberg/Getty Images
December 26, 2018 - 1:15 pm
By Nathaniel Meyersohn, CNN Business (CNN) -- Holiday sales grew at their fastest pace in six years, buoyed by rising wages and a drop in gas prices. Retail spending from November 1 through December 24 increased 5.1% from a year ago, according to Mastercard SpendingPulse. Shoppers spent more than $...
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This Jan. 24, 2018, file photo shows a person walking near the entrance to a Toys R Us store, in Wayne, N.J.
AP Photo/Julio Cortez, File
October 03, 2018 - 7:39 am
By The Associated Press There may be a second act for Toys R Us, the retail wonderland for children that turned off the lights at hundreds of stores for what was thought to be the final time this summer. After joining the parade of retailers that never recovered from the recession and radical...
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Amazon
PA Images/Sipa USA
September 04, 2018 - 11:06 am
By Lydia DePillis (CNN Money) -- Amazon has become America's second $1 trillion company. Amazon's total value passed $1 trillion on Tuesday, following Apple's ascent into 13-digit territory at the beginning of August. Amazon and Apple now make up more than 8% of the entire value of the S&P 500...
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U.S. retail sales rose by the most in six months in May, as consumers spent more at home and garden stores, gas stations and restaurants.
AP Photo/Ted Shaffrey, File
June 14, 2018 - 2:52 pm
WASHINGTON (AP) — U.S. retail sales rose by the most in six months in May, a sign that confident consumers are leading a strong economic rebound after a slow start to the year. Yet with high gas prices and inflation eating away at income gains made by workers, Americans may not be able to maintain...
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