Sears Holdings Corp said on Thursday it plans to shutter another 72 locations to stem losses in the face of deepening financial distress and reported a nearly 12 percent drop in quarterly comparable-store sales.
U.S. job growth slowed more than expected in December amid a decline in retail employment, with retail payrolls seeing the largest drop since March, despite reports of a strong holiday shopping season.
Moody's Investors Service has named a list of retailers who have to post good holiday sales to be able to pay off large loans that are about to come to maturity. Included are Sears, J.Crew and Nine West.
Moody's Investors Service has reported US retail remains stable, despite lower operating income expectations. While certain retailers have been hit hard, they account for a small part of the overall US retail landscape.
Dozens of U.S. and Canadian cities submitted proposals by the Oct. 19 deadline to host Amazon.com Inc’s second headquarters, which carries the promise of up to 50,000 high-paying jobs and $5 billion worth of investment.
Nike Inc's fight to claw back in an intensifying U.S. sneaker price war is still some way off bearing fruit, analysts said on Wednesday, a day after it reported its weakest quarterly sales growth in nearly seven years.
Target Corp has reported an increase in Q2 comp sales after four straight negative quarters, driven by improved online traffic and demand across all businesses except groceries. New brands have also done well.