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Retail News

Costco strikes deal with Visa, Citigroup after dropping AmEx as U.S. partner
Costco Wholesale Corp. said it is joining with Visa Inc. and Citigroup Inc. after ending a long-time partnership with American Express Co.
Posted on 3-02-2015 at 8:29 AM
Lumber Liquidators flooring fails safety tests: '60 minutes'
Lumber Liquidators sold flooring with higher levels of formaldehyde than permitted under California's health and safety standards, according to television news program "60 Minutes".
Posted on 3-02-2015 at 9:14 AM
Canadian Tire profit beats on strong automotive, sports gear sales
Same-store sales at Canadian Tire stores rose 2.8 percent in the fourth quarter ended Jan. 3, as it sold more winter tires for cars and light truck tires, as well as homeware products.
Posted on 2-26-2015 at 7:54 AM
After Canada: Target beats fourth-quarter sales forecast, sees growth ahead
Adjusted fourth-quarter earnings per share, which excludes items including a massive loss related to the Canada exit, came in above analyst expectations at $1.50 per share.
Posted on 2-25-2015 at 8:28 AM
Home Depot profit tops estimates on housing recovery
Home Depot has been benefiting from rising housing values that are prompting Americans to splurge on fixing their homes.
Posted on 2-24-2015 at 7:38 AM
Canadian Tire, Target learn home is where the profit is
There’s a cautionary narrative that links two big retailers – one Canadian, the other U.S. – that will report fourth-quarter results this week.
Posted on 2-23-2015 at 7:01 AM
Sears, Hudson's Bay mattress discounts under investigation
The federal Competition Bureau is investigating whether Canada’s two major department-store retailers have touted bogus discounts of their mattresses.
Posted on 2-23-2015 at 8:02 AM
Apple said to be targeting car production as soon as 2020
Apple Inc., which has been working secretly on a car, is pushing its team to begin production of an electric vehicle as early as 2020, people with knowledge of the matter said.
Posted on 2-20-2015 at 7:46 AM

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