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Keyword: retail

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  • Target Blocks Group's Emails Complaining of Gay Pride Shirts

    06/02/2012 7:00:33 PM PDT · by massmike · 12 replies
    christianpost.com ^ | 06/02/2012 | Audrey Barrick
    Giant retailer Target has blocked emails from the conservative American Family Association after its supporters began urging the company to pull its promotion of homosexuality. "I hope you will not let Target silence your voice. I encourage you to call their corporate office and share your personal thoughts," the family group told supporters. Target has partnered with Family Equality Council and is currently supporting the LGBT group with 100 percent of the proceeds it receives through its collection of gay pride T-shirts (up to a maximum donation of $120,000). When Target began selling the pro-gay shirts late May, the American...
  • J.C. Penney two-dad ad features local family and DBJ honoree (Father's Day has gone gay...)

    05/31/2012 5:44:18 PM PDT · by jimbo123 · 51 replies
    Dallas Business Journal ^ | 5/31/12 | Steven R. Thompson
    In its June book, J.C. Penney Co Inc. ran an ad featuring another same-sex couple, but this time it features two dads in honor of Father’s Day.
  • J.C. Penney stock sinks on falling sales

    05/16/2012 5:27:00 PM PDT · by fwdude · 44 replies
    CNNMoney ^ | May 16, 2012 | Maureen Farrell
    NEW YORK (CNNMoney) -- J.C. Penney gave investors two reasons to ditch the stock: the retailer said Tuesday that it is suspending its dividend and that sales are dropping dramatically. The budget-conscious chain said same-store sales dropped roughly 19% in the first quarter of 2012.
  • J.C. Penney swings to loss, suspends dividend (Thanks to Ellen Degeneres...)

    05/15/2012 4:57:17 PM PDT · by jimbo123 · 122 replies
    Marketwatch ^ | 5/15/12 | Andria Cheng
    J.C. Penney Co., which is making major pricing and merchandising changes, said Tuesday that it swung to a first-quarter loss that was larger than expected and that it no longer expects to meet its previous profit forecast for the year. -snip- The net loss was $163 million, or 75 cents a share, compared with a profit of $64 million or 28 cents a share a year earlier. Sales in the quarter ended April 28 fell 20% to $3.15 billion.
  • Millennials Are Keeping The Economy Afloat One Splurge At A Time [technology addicted]

    05/14/2012 7:14:49 AM PDT · by fight_truth_decay · 11 replies
    The Fiscal Times ^ | May 11, 2012 | Julie Halpert
    John T. Rogers, age 26, grew up in rural West Texas, raised by a single mother who often worked three jobs to make ends meet. He says his 59-year-old mother remains fiscally conservative, refusing to spend a dime on herself, though she now earns a respectable income. But when it comes to spending, Rogers is not following in her footsteps. "Not to knock J.C. Penney's, but I definitely wanted to step up my style," he said. Earning $46,000 a year as a communications manager for a private, non-profit university in Denver hasn't held him back. He bought a hybrid Lexus...
  • JC Penney Features Same-Sex Couple in May Catalogue

    05/13/2012 11:07:01 AM PDT · by Steelfish · 77 replies
    ABCNews ^ | May 12, 2012
    May 12, 2012 JC Penney Features Same-Sex Couple in May Catalogue Fifteen years ago, when advertisers got wind that Ellen DeGeneres was going to “come out” on her popular sitcom show “Ellen,” some advertisers fled. One of them was JC Penney. Flash forward to one of their newest clothing ads in the May catalog. It features a real-life same-sex couple. The photograph is of two models identified as Wendi and Maggie holding their two daughters. Both women appear be wearing wedding bands. Quietly, gradually and largely without protest, advertising is starting to reflect new attitudes and new realities about who...
  • JCPenney under attack from conservative group over lesbian couple in new Mother's Day campaign

    05/03/2012 11:36:54 AM PDT · by Pinkbell · 37 replies
    Daily Mail ^ | May 2, 2012 | Olivia Fleming
    The conservative group One Million Moms has launched an attack on JCPenney for featuring a lesbian couple in its new Mother's Day promotion. The group released a statement urging its members to take action against the brand's store managers, in the hope their complaints will be passed on to head office. According to its website, One Million Moms (OMM) is angry JCPenney is 'taking sides' in the 'cultural war' on gay rights. The statement says: 'On pages ten and eleven, under the title “Freedom of Expression,” you’ll find “Wendi and her partner Maggie and daughters”. In the picture both women...
  • Ikea to enter home electronics market

    04/17/2012 4:11:19 AM PDT · by WesternCulture · 31 replies
    www.thelocal.se ^ | 04/17/2012 | Rebecca Martin
    <p>I wish IKEA good luck. I don't know much about the market for home electronics in America, but If they manage to compete over here in Europe with the German chain of Media Markt, I'll readily admit Mr. Kamprad (founder and owner of IKEA) to be the greatest business genius on Earth.</p>
  • Best Buy announces locations for store closings

    04/14/2012 5:34:30 PM PDT · by nuconvert · 97 replies
    Best Buy on Saturday announced the locations of 50 stores that it is closing this year, including seven in California, six in Illinois and six in the company's home state of Minnesota
  • Coke caves in face of Democratic boycott threat

    04/04/2012 3:37:45 PM PDT · by ColdOne · 38 replies
    washingtonexaminer.com ^ | 4/4/12 | Paul Bedard
    emocratic officials Wednesday launched a two-pronged attack on states with new laws requiring identification before voting, the highlight being a call to boycott Coke, Walmart and others that back a leading organization pushing for voter ID laws. Coke was quick to react to the political boycott threat, pulling support from the targeted group just five hours after it was called. Walmart said that support for a group does not mean it backs every decision by those groups. At issue: Liberal claims that some states are trying to keep minority voters from the polls via voter ID laws, a suggestion conservatives...
  • Best Buy sales disappoint; to close stores, cut jobs

    03/29/2012 8:39:03 AM PDT · by nuconvert · 33 replies
    Best Buy Co reported weaker-than-expected sales for the key holiday quarter, prompting the world's largest electronics chain to close 50 U.S. stores and cut 400 jobs in corporate and support areas. -excerpt- Best Buy is now trying to focus on its smaller format stores. It will close 50 U.S. big-box stores and open 100 Best Buy small-format, stand-alone stores in the current fiscal 2013.
  • Higher gas prices lift retail sales

    03/13/2012 8:26:29 AM PDT · by tobyhill · 15 replies
    cnn ^ | 3/13/2012 | By Chris Isidore
    Consumers were spending more in February, but a big part of the rise was caused by rising gas prices. Overall retail spending rose 1.1% in February compared to the month before, according to Tuesday's Commerce Department report. But spending at gas stations jumped 3.3% in the month, as gas prices rose almost continually throughout the period. Stripping out spending on gasoline prices, retail spending posted only a 0.8% rise in the period.
  • Analysis: Wal-Mart's price push tests manufacturers' prowess

    03/06/2012 9:43:37 AM PST · by Hojczyk · 21 replies
    yahoo Finance ^ | March 6, 2012 | Martinne Geller and Jessica Wohl
    Consumer staples companies have a problem. It costs more to make everything from soup to soap to soda, but when they raise prices they turn off consumers and strain their relationships with Wal-Mart Stores Inc, their biggest customer. For some companies, like Clorox Co and Kraft Foods Inc, the problem can be comparatively easy to handle. They either have brands that consumers like, and therefore Wal-Mart needs, or they are big enough to have significant negotiating power. "I think we reached the wall in terms of raising price. Consumers can't take any more," said Edward Jones analyst Jack Russo, citing...
  • AllState, Sears Join List Of Advertisers Announcing No More Ads On Limbaugh

    03/05/2012 4:02:37 PM PST · by Free ThinkerNY · 112 replies
    Mediaite ^ | March 5, 2012 | James Crugnale
    The furor over Rush Limbaugh‘s controversial comments directed at Georgetown University law student Sandra Fluke has lead to advertisers dropping his eponymous radio program. 12 advertisers, including Sleep Number, The Sleep Train, Quicken Loans, Legal Zoom, Citrix, Carbonite, ProFlowers, AOL, Bonobos, Sears, and Allstate Insurance have pulled ads from the program, and/or distanced themselves from the show, either permanently or temporarily, ThinkProgress’s Adam Peck reports. “Allstate’s advertising purchase strategy has not included the Rush Limbaugh Show,” the company wrote in a statement on their Facebook page. “Earlier today, we responded to inquiries about our advertising relationship with the show by...
  • In Retreat, Sears Set to Unload Stores [Obama's America: End of An American Retail Giant]

    02/23/2012 10:31:44 PM PST · by Steelfish · 36 replies
    Wall St. J ^ | February 23, 2012 | MIGUEL BUSTILLO AND DANA MATTIOLI
    FEBRUARY 24, 2012 In Retreat, Sears Set to Unload Stores [Subscriber Content Preview] BY MIGUEL BUSTILLO AND DANA MATTIOLI After seven years of trying to rebuild the iconic retailer Sears, hedge-fund manager Edward S. Lampert reversed course on Thursday, announcing that Sears Holdings Corp. will unload more than 1,200 stores in an effort to raise up to $770 million of much-needed cash. Many on Wall Street interpreted the move as the beginning of the breakup of the company. Sears on Thursday reported a loss of more than $3 billion for 2011, and same-store sales have fallen for six straight years....
  • Sears announces 16 more stores closures, including five in Illinois

    02/23/2012 1:44:30 PM PST · by mdittmar · 21 replies
    chicagobusiness.com ^ | February 23, 2012 | Brigid Sweeney
    Sears Holdings Corp. listed 16 more stores it will close, including five Sears and Kmart sites in Illinois. The closures include a full-line Sears store in downstate Alton; a Sears Grand store in northwest suburban McHenry; and three Kmart stores in west suburban Oak Lawn, north suburban Zion and Peru, in north central Illinois. The full list is available on Sears' website. The additional closings came hours after the money-losing retailer announced dismal fourth-quarter and full-year earnings, and about two months after the Hoffman Estates-based company first announced it would shutter 120 stores. So far, the Hoffman Estates-based company has...
  • Food Lion robbery hero faces pain with no regrets

    02/19/2012 7:51:20 AM PST · by csvset
    Daily Press ^ | February 15, 2012 | David Macaulay
    NEWPORT NEWS — Kelvin White sometimes gets uncomfortable when strangers approach on the street. But that is not nearly as bad as the dreams he has almost nightly of people out to kill him. Almost four months after White tackled a man accused of posing as an FBI agent in a robbery at Food Lion at Newmarket Square in Hampton and was shot by another man, he is still suffering from excruciating pain from the bullet that shattered his right leg.
  • Citizens help foil robbery attempt in Virginia Beach

    02/19/2012 7:33:33 AM PST · by csvset · 12 replies
    The Virginian-Pilot ^ | 18 Feb 2012
    When two alleged teenage thieves tried to flee a Best Buy, their escape attempts - dodging cars and wielding a small samurai sword - played out like something from the game systems they were trying to steal. Doug Kennedy and his son were heading toward the store on Independence Boulevard on Wednesday night when he saw two or three youths getting away with merchandise. A store employee was screaming after them. "I just thought, no, you can't do this," Kennedy said Thursday. The Virginia Beach resident tackled one. As he tried to pin him down, one of the teen's hands...
  • J.C. Penney CEO on Ellen DeGeneres controversy

    02/09/2012 6:56:53 AM PST · by narses · 257 replies · 1+ views
    CBS ^ | February 9, 2012 8:47 AM
    (CBS News) J.C. Penney is trying to rebuild its customer base with help from a new spokeswoman, Ellen DeGeneres. But a group called One Million Moms is accusing the company of "jumping on the pro-gay bandwagon." DeGeneres responded to the group on her TV show Wednesday, saying, "I'm happy about (being the spokesperson) J.C. Penney is happy about it. But there's this group called One Million Moms that is not happy about it. And normally I try not to pay attention to my haters, but this time I'd like to talk about it because my haters are my motivators. This...
  • JC Penney Offends Traditional Families Again (By Using Ellen DeGeneres as spokesperson)

    02/02/2012 2:08:23 PM PST · by NYer · 85 replies · 1+ views
    OneMillionMoms ^ | February 1, 2012
    Recently JC Penney announced that comedian Ellen Degeneres will be the company's new spokesperson. Funny that JC Penney thinks hiring an open homosexual spokesperson will help their business when most of their customers are traditional families. More sales will be lost than gained unless they replace their spokesperson quickly. Unless JC Penney decides to be neutral in the culture war then their brand transformation will be unsuccessful. Their marketing strategy is to help families shop and receive a good value for their money. Degeneres is not a true representation of the type of families that shop at their store. The...
  • Death of the Walmart greeter: Shop scraps door staff after 30 years

    01/31/2012 5:32:30 AM PST · by rawhide · 54 replies · 2+ views
    dailymail.co.uk ^ | 1-31-12 | Rebecca Seales
    Supermarket chain Walmart is to dispense with the outdoor 'people greeters' who have traditionally welcomed customers outside its stores. The retailer got rid of its night-shift greeters four months ago, and now intends to move day-shift staff inside its shops. Known for welcoming shoppers with 'a cart and a smile,' the greeters have been a feature of the chain's customer service since 1980, when the store's founder decided that 'aggressive hospitality' would help set it apart from competitors. While many staff have expressed fears that their jobs will soon be scrapped, Walmart spokesman David Tovar said, 'they're not going anywhere'....
  • Closing: 5 Macy's And 4 Bloomingdale's Stores

    01/05/2012 8:41:39 PM PST · by Lmo56 · 56 replies
    Yahoo ^ | 1/4/12 | AP
    CINCINNATI (AP) — Macy's Inc. says it will close five Macy's and four Bloomingdale's stores that are underperforming. Clearance sales will begin at the stores Sunday and run for 10 weeks. More than 830 workers will be affected by the closings — 375 at Macy's stores and 463 at Bloomingdale's. But many may have the option of taking jobs at new stores the company plans to open. The closing Macy's stores are in Topeka, Kan.; Laurel, Md.; Parma, Ohio; Antioch, Tenn.; and Texas City, Texas. The Bloomingdale's closures are in Atlanta; Oak Brook, Ill.; North Bethesda, Md.; and in the...
  • Virginia Beach 7-11 clerk shoots would-be robber(VA)

    01/04/2012 7:47:24 AM PST · by marktwain · 13 replies
    hamptonroads.com ^ | 3 January, 2012 | Kathy Adams
    Twice in the past week, victims have defended themselves during attempted crimes with gunfire. In the latest incident, a masked man walked into an Oceanfront 7-Eleven early Tuesday morning, flashed a gun and demanded money, according to a police news release. The clerk, who was working with his son, responded by walking to the register and pulling out his own gun. When the would-be robber made an aggressive gesture, the clerk fired, striking the man, who fled from the store at 3908 Atlantic Ave., according to the release. About a half-hour later, around 1:30 a.m., a man suffering from a...
  • Why Best Buy is Going out of Business...Gradually

    01/02/2012 9:56:28 AM PST · by Las Vegas Dave · 141 replies
    forbes.com ^ | 1/02/2012 | Larry Downes
    Electronics retailer Best Buy is headed for the exits. I can’t say when exactly, but my guess is that it’s only a matter of time, maybe a few more years. Consider a few key metrics. Despite the disappearance of competitors including Circuit City, the company is losing market share. Its last earnings announcement disappointed investors. In 2011, the company’s stock has lost 40% of its value. It’s forward P/E is a mere 6.23 (industry average is 10.20). Its market cap down to less than $9 billion. Its average analyst rating, according to The Street.com, is a B-. Those are just...
  • Sears to close 100 to 120 Kmart, Sears stores

    12/27/2011 6:53:42 AM PST · by Kartographer · 73 replies
    ABC News ^ | 12/27/11 | Bill McGuire
    Sears Holdings Corp. said Tuesday it will close 100 to 120 of its full-line Sears and Kmart stores as it struggles to attract shoppers. Sales for the fourth quarter are off a disappointing 5.2 percent compared with last year. “Given our performance and the difficult economic environment, especially for big-ticket items, we intend to implement a series of actions to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business model. These actions will better enable us to focus our investments on serving our customers and members through integrated retail – at the store, online and...
  • So Much For A "Record Black Friday": November Retail Sales Miss Big

    12/13/2011 9:06:38 AM PST · by SeekAndFind · 29 replies
    Zero Hedge ^ | 12/13/2011 | Tyler Durden
    Earlier we just got confirmation out of Best Buy that one can not, as expected, offset negative margins with near-infinite volume (as the stock tumbles). Now we get advance retail sales proving that all speculation about a record Black Friday was just that. Oh, and a lie. In short - everything missed. Advance retails sales in November (including Thanksgiving) came at 0.2%, on expectations of 0.6%, and down from a revised 0.6%. Retail sales less autos was 0.2%, half of the expected 0.4%, while ex Auto and Gas also printed at 0.2%, also missing big. So... where did all...
  • AFA announced their "naughty or nice" list, retailers that support or oppose Christmas

    11/30/2011 7:25:07 AM PST · by Gopher Broke · 31 replies · 1+ views
    As the Christmas shopping season begins full swing, AFA and OneMillionMoms.com has prepared its annual "Naughty or Nice" retailer list. We have taken the top 100 national retailers and reviewed their websites, media advertising and in-store signage in an effort to help you know which companies are Christmas-friendly. Over the past five years, your AFA/OMM has stood firm in the "War on Christmas." Companies who once refused to acknowledge Christmas now have Christmas "shops" inside their stores. Many of them now liberally use "Christmas" in their advertising and in-store signage. Sadly, there are still some companies which refuse to use...
  • Retailers hopeful as Black Friday sales rise 7%

    11/27/2011 10:50:46 AM PST · by Rational Thought · 13 replies
    TBO.com ^ | 11/27/2011 | The Associated Press
    The holiday shopping season got off to a strong start on Black Friday, with retail sales up 7 percent over last year, according to the most recent survey. Now stores just have to keep buyers coming back without the promise of door-buster savings. Buyers spent $11.4 billion at retail stores and malls, up nearly $1 billion from last year, according to a Saturday report from ShopperTrak. It was the largest amount ever spent on the day that marks the beginning of the holiday shopping season, and the biggest year-over-year increase since 2007. Chicago-based ShopperTrak gathers data from 25,000 outlets across...
  • Black Friday sales up 7 pct; retailers look ahead

    11/26/2011 6:52:32 PM PST · by BunnySlippers · 30 replies · 1+ views
    AP via Yahoo ^ | 11/26/11 | DEE-ANN DURBIN
    The holiday shopping season got off to a strong start on Black Friday, with retail sales up 7 percent over last year, according to the most recent survey. Now stores just have to keep buyers coming back without the promise of door-buster savings. Buyers spent $11.4 billion at retail stores and malls, up nearly $1 billion from last year, according to a Saturday report from ShopperTrak. It was the largest amount ever spent on the day that marks the beginning of the holiday shopping season, and the biggest year-over-year increase since 2007. Chicago-based ShopperTrak gathers data from 25,000 outlets across...
  • Occupy San Diego Flash Mob Invades Wal-Mart (Filled 75 carts and LEFT them)

    11/26/2011 11:42:33 AM PST · by Pinkbell · 98 replies
    Youtube ^ | November 25, 2011
    <p>MIC CHECK! Citizens of Walmart!! Greetings and welcome back from the food coma!! In the spirit of holiday giving, we believe a discussion is in order about the meaning of value and low cost. For every low-priced product purchased at Walmart, your communities pay the difference. Every price drop represents mistreated workers who STILL cannot feed their families, STILL cannot afford their homes, and STILL cannot payoff their tuitions. Every sweet deal can be attributed to our jobs being outsourced from American communities. Each item on sale helps bankrupt small businesses. YOU, YOUR COMMUNITIES, AND YOUR WORKERS ARE BEING ABUSED!! Walmart intentionally underemploys, forgoing REAL benefits for social services, costing California taxpayers $86 million annually. Walmart employees are overworked, underpaid, and left under-insured in poor and unsafe conditions. Walmart could fire its employees for the mere mention of forming a workers union; which is the best tool American workers have to protect their rights. Corporate beasts such as this one bleed our communities dry by putting the local business owners, who actually have personal stake in your communities, at a disadvantage against these gluttonous juggernauts. Yet they have the nerve to tell you it's for your benefit. WE DO NOT HAVE TO BUY THE SCAM!! WE DO NOT HAVE TO BUY DOLLAR-COLLARS FOR OUR FAMILIES!! WE DO NOT HAVE TO BUY ANY OF THIS!! SELF-MADE GIFTS HAVE MORE POWER ANYWAY!! So this holiday season, give yourselves, your families, and your communities the gift of empowerment!! ACT LOCALLY!! SHOP SMALL BUSINESS!! BUY AMERICAN!! Thank you, Exit Safely, and remember to smile...</p>
  • Black Friday shoppers pepper-sprayed in Calif.

    11/25/2011 6:14:05 AM PST · by Malone LaVeigh · 34 replies
    CBS News ^ | November 25, 2011
    Twenty people, including children, were injured when a woman at a San Fernando Valley Walmart store used mace against other customers in what authorities referred to as a "competitive shopping" incident.
  • Walmart wins big with California initiatives

    11/24/2011 10:09:03 AM PST · by Navy Patriot · 46 replies
    San Francisco Comical ^ | November 24, 2011 | Will Evans
    In a push to expand across California without interference, Walmart is increasingly taking advantage of the state's initiative system to threaten elected officials with costly special elections and to avoid environmental lawsuits. The Arkansas-based retailer has hired paid signature gatherers to circulate petitions to build new superstores or repeal local restrictions on big-box stores. Once 15 percent of eligible voters sign the petitions, state election law puts cash-strapped cities in a bind: City councils must either approve the Walmart-drafted measure without changes or put it to a special election. As local officials grapple with whether to spend tens of thousands...
  • Holiday Shopping Begins With Anxious Consumers, Retailers

    11/24/2011 10:07:28 AM PST · by Rational Thought · 8 replies
    CNBC ^ | 11/24/2011 | Reuters
    The holiday shopping season starts in earnest on Thursday, with retailers anxious to see if U.S. consumers are willing to spend despite an endless stream of scary headlines about the fragile economy and their own precarious finances. However, in the eyes of retailers, the shopping period has been churning along for some time as retailers like Walmart Stores [WMT 56.64 -0.21 (-0.37%) ] and Toys R Us started early by offering layaway programs, and others offering major deals to lure shoppers. These incentives have increased the stakes for retailers, and when Americans are done with their turkey dinners on Thursday,...
  • The U.S. Economy’s Indian Summer

    11/16/2011 7:14:00 AM PST · by Slyscribe
    IBD's Capital Hill ^ | 11/16/2011 | Ed Carson
    America’s economy may not have a spring in its step, but at least it’s steady on its feet after a recession scare just a few months ago. The recent pace may not be sustainable, though. Instead, the U.S. may be enjoying an Indian summer, with the economy briefly heating up in the fall before cooling back down.
  • Syms, Filene's Basement file for bankruptcy

    11/02/2011 10:09:49 AM PDT · by Oratam · 11 replies
    Bloomberg News ^ | November 2, 2011
    Headline only as original source is Bloomberg News.
  • Wal-Mart Ups the ante in holiday price matching

    10/24/2011 12:51:23 PM PDT · by katiedidit1 · 19 replies
    MSNBC ^ | 10/24/2011 | Anne D'Innocenzio
    NEW YORK — Wal-Mart announced a new strategy that it hopes will pull in procrastinators early by giving them a big incentive: a guarantee that they'll get the lowest price no matter when they buy during the holiday season. The discounter said Monday it will match prices on many of its products. Shoppers who buy something at a Walmart store between Nov. 1 and Dec. 25, but then find the identical product elsewhere for less, can get a gift card in the amount of the difference. The offer excludes some items, such as groceries. To qualify, shoppers need to bring...
  • Cashing In On Vehicle Charging

    10/22/2011 7:43:55 PM PDT · by 2ndDivisionVet · 25 replies
    The National Association of Convenience Stores Magazine ^ | The March 2011 Issue | David Joey Oakley
    “Electric car On verdant green Invent a turn Invent a dream Electric car The new machine…”So go the lyrics to a recent popular children’s song — aptly titled “Electric Car” — by 80s nerd rock band They Might be Giants. Proof that even at so young an age, we are being indoctrinated into the delights and benefits of electric vehicles. But is this “new machine” a genuine reality for our country and can convenience retailers carve out profitable space for the technology on their lots? “It’s a safe bet that consumers will eventually swap their gas-powered cars and trucks for...
  • Anti-Gay Campaign Finds No Welcome at Home Depot

    10/19/2011 6:16:06 AM PDT · by Lucas McCain · 43 replies
    Daily Finance ^ | 10/18/11 | Jonathan Berr
    For more than a year, the American Family Association has pleaded with Home Depot (HD) not to publicly back gay rights. The home improvement retailer has ignored those pleas. In fact, the Atlanta-based company continues to participate in the city's gay pride parade, as it has done for years.
  • U.S. consumer prices up 0.3% in September

    10/19/2011 6:15:59 AM PDT · by Free Vulcan · 7 replies
    Marketwatch ^ | 10.19.11 | Jeffry Bartash
    ...The Labor Department said the consumer price index rose a seasonally adjusted 0.3% last month, pushing the increase over the past 12 months up to 3.9% from 3.8% in August... The core rate of inflation, meanwhile, rose a smaller 0.1% in September, keeping its 12-month increase at 2.0%. It was the smallest increase since March. Economists surveyed by MarketWatch had forecast consumer price index, which tracks inflation at the retail level, to rise by 0.3% in September. The core rate was expected to increase by 0.2%
  • U.S. retail sales jump 1.1% in September

    10/14/2011 6:02:04 AM PDT · by Free Vulcan · 11 replies
    Markewatch ^ | 10.14.11 | Jeffry Bartash
    ...Retail sales rose a seasonally adjusted 1.1% last month, the Commerce Department said. Economists surveyed by MarketWatch expected an increase of 0.8%... Excluding the auto sector, sales rose 0.6%, but that was still higher than market expectations of a 0.4% increase...
  • U.S. July business inventories up 0.4%

    09/14/2011 9:43:25 AM PDT · by Free Vulcan
    Marketwatch ^ | 9.14.11 | Greg Robb
    Inventories at U.S. businesses rose 0.4% in July...Business sales rose 0.7%...The inventory-to-sales ratio declined to 1.27 in July from 1.28 in the prior month.
  • August retail sales unchanged from July

    09/14/2011 9:23:52 AM PDT · by Free Vulcan · 2 replies
    Marketwatch ^ | 9.14.11 | Ruth Mantell
    Retail sales were steady in August, as consumers spent more on essentials at gas stations and grocery stores, but less on cars, according to government data released Wednesday... Excluding the volatile auto segment, sales rose 0.1%. Economists surveyed by MarketWatch had expected an increase of 0.3% for the overall number, as well as for the data excluding autos.
  • (Vanity) The Cycle of Life, or, Those Who Know History Repeat It Too

    09/11/2011 9:07:23 PM PDT · by grey_whiskers · 14 replies
    grey_whiskers ^ | 9-11-2011 | grey_whiskers
    Some observers have noted that history doesn't always repeat itself, but that it does tend to rhyme. This was first alleged about geopolitics, but it appears to be true in many areas of life: the cycle of economic boom and bust, climactic cycles, from La Nina and El Nino to glaciations, and even management fads ("Empty what's full; fill what's empty; and scratch where it itches.") In particular, one can see such occurrences play out over time in the retail sector. When I was young, there were comparatively few chain stores, and most of those were regional, not national. (This...
  • Big-Box Stores' Hurricane Prep Starts Early

    08/27/2011 5:27:46 AM PDT · by 1rudeboy · 27 replies
    NPR ^ | August 26, 2011 | JON HAMILTON
    Forecasters don't expect Hurricane Irene to make landfall until Saturday. But for nearly a week now, big-box retailers like Walmart and Home Depot have been getting ready. They've deployed hundreds of trucks carrying everything from plywood to Pop-Tarts to stores in the storm's path. It's all possible because these retailers have turned hurricane preparation into a science — one that government emergency agencies have begun to embrace.At Home Depot's Hurricane Command Center in Atlanta, for example, about 100 associates have been trying to anticipate how Irene will affect its East Coast stores from the Carolinas to New York.At times like...
  • Retail sales post biggest gain in four months

    08/12/2011 9:26:34 AM PDT · by Free Vulcan · 12 replies
    Marketwatch ^ | 8.12.11 | Jeffry Bartash
    WASHINGTON (MarketWatch) — Consumers spent more money in July on a wide variety of goods, marking the biggest one-month increase in retail sales since the spring. Retail sales rose a seasonally adjusted 0.5% last month, the largest increase since April, the Commerce Department said Friday. Economists surveyed by MarketWatch had expected sales to increase 0.7% overall.
  • Durbin introduces online tax bill, has Amazon support

    07/30/2011 7:07:30 AM PDT · by bobsunshine · 60 replies
    The Hill ^ | July 29, 2011 | Brendan Sasso
    Sen. Dick Durbin (D-Ill.) will introduce a bill on Friday to allow states to require online retailers to collect sales taxes. The measure has the support of online giant Amazon. Sens. Tim Johnson (D-S.D.) and Jack Reed (D- R.I.) will co-sponsor the bill, titled the Main Street Fairness Act. Reps. John Conyers (D-Mich.) and Peter Welch (D-Vt.) will introduce a companion bill in the House. Supporters of the bill argue it will close a loophole that allows online purchases to go untaxed, giving an advantage to online retailers over traditional, brick-and-mortar stores. “Our bill levels the playing field to give...
  • Great news: retail may be entering a 500-day recession (Wreckovery Summer, Endless Bummer)

    07/27/2011 1:21:36 PM PDT · by SeekAndFind · 7 replies
    Hotair ^ | 07/27/2011 | Ed Morrisey
    A retail recession wouldn’t exactly qualify as unexpected, given today’s numbers on durable-goods orders and inventories, but Burt Flickinger says it’s just the beginning. CNBC quotes the analyst as predicting a retail recession that will last through the end of next year, thanks to high unemployment and a confidence crisis in the economy, as well as an end to extended jobless benefits: Burt Flickinger, managing director of retail consultantcy Strategic Resource Group, said the US has just entered a 500-day retail recession, and before it’s over, the US will see weaker retail sales, more store closures andeven additional retailers joining...
  • Borders to Shut Down

    07/18/2011 3:21:56 PM PDT · by Sprite518 · 49 replies
    Wall Street Journal via Drudge ^ | 7/18/20111 | MIKE SPECTOR
    Borders Group Inc. said it would liquidate after the second-largest U.S. bookstore chain failed to receive any offers to save it. Borders, which employs about 10,700 people, scrapped a bankruptcy-court auction scheduled for Tuesday amid the dearth of bids. The chain said it will ask a judge Thursday to approve a sale to liquidators led by Hilco Merchant Resources and Gordon Brothers Group. The liquidation of the company's remaining 399 stores could start as soon as Friday, and the chain is expected to go out of business for good by the end of September, the company said.
  • June retail sales edge up 0.1%

    07/14/2011 6:08:37 AM PDT · by Free Vulcan · 7 replies
    Marketwatch ^ | 7.14.11 | Greg Robb
    WASHINGTON (MarketWatch) — Sales at U.S. retailers increased a slim 0.1% in June, the Commerce Department estimated Thursday, better than economists expected but also further evidence of the reluctance of consumers to spend. The slight increase in June sales was unexpected. Ahead of the report, economists surveyed by MarketWatch expected sales to fall 0.2%. There were several cross-currents in the data. The increases were heaviest in sales of building materials and department stores. Gasoline sales were a large drag as expected because of the recent decline in prices at the pump.
  • (CBS NEWS) Analyst: Even Dollar Stores Struggling In ‘Obama Depression’

    07/11/2011 1:39:51 PM PDT · by The Magical Mischief Tour · 64 replies
    CBS Los Angeles ^ | 07/11/2011 | CBS Los Angeles
    More stores across the U.S. that offer deeply-discounted products are seeing their sales decline after years of growth amid America’s “Great Recession” — and one analyst said on Monday it’s another sign of even deeper downturn. SNIP “I think what’s going on in those stores is that we are in a depression for 80 percent of Americans,” SNIP “In other words, the economy is continuing to be worse, the Obama depression continues to explode,” he added.