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Retail News

U.S. data points to strong spending ahead of holiday shopping frenzy
U.S. retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace.
Posted on 11-14-2014 at 12:04 PM
Walmart workers plan Black Friday protests over wages
A group of Walmart employees pushing for higher wages said on Friday they were planning protests at 1,600 Walmart stores nationwide on Black Friday, the biggest shopping day of the year in the United States.
Posted on 11-14-2014 at 11:40 AM
Wal-Mart Canada set to axe 200 employees at head office
Wal-Mart Canada Corp. is preparing to let go about 200 of its employees as it feels the pressures of an increasingly fast-changing and crowded retail landscape, industry sources say.
Posted on 11-13-2014 at 6:36 AM
Upgrades and downgrades: Desjardins puts buy rating on Rona
Desjardins Securities upgraded home renovations retailer Rona to ‘buy’ from ‘hold’, raising its target price to $15 from $13.50. CIBC World Markets also raised its target price on Rona to $12 from $11, but maintain an ‘underperform’ rating on the stock.
Posted on 11-12-2014 at 5:39 PM
Loblaw profit beats Street on strong Shoppers Drug sales
Loblaw Companies Ltd, Canada’s largest grocer, reported a better-than-expected quarterly profit, boosted by strong pharmacy sales at its recently acquired Shoppers Drug Mart business.
Posted on 11-12-2014 at 11:17 AM
Wal-Mart to stretch Black Friday over five days to lure shoppers
Wal-Mart Stores Inc. is making Black Friday a weeklong event, shifting away from the chaotic one-day sales that once epitomized the day after Thanksgiving.
Posted on 11-12-2014 at 7:53 AM
'Ugly sweaters' a thing of beauty for NHL merchandise sales
The ugly Christmas sweater phenomenon is a trend that's showing no signs of slowing down.
Posted on 11-11-2014 at 2:13 PM
Alibaba Singles' Day sales hit new record; surge past $9B
Alibaba said more than $9B of goods have been sold so far during its annual Singles' Day online shopping frenzy, a number surging past 2013's record high.
Posted on 11-11-2014 at 7:52 AM

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