Phil Wahba

Early start hurts Black Friday, Cyber Monday hits record

August 24, 2021 at 10:48 p.m.

(Reuters) - U.S. retailers rolled out holiday promotions earlier in November this year, denting sales growth over the Thanksgiving weekend that typically marks the beginning of the holiday spending period,...

Holiday weekend sales dip on discounts; e-commerce jumps

August 24, 2021 at 10:49 p.m.

NEW YORK (Reuters) - Heavy discounting took a toll on U.S. retail sales during the Thanksgiving weekend as shoppers spent almost 3 percent less than they did a year earlier,...

Fights, store evacuation mar U.S. holiday shopping rush

August 24, 2021 at 10:47 p.m.

(Reuters) - The post-Thanksgiving shopping rush sparked incidents of violence across the United States as a police officer was injured breaking up a fight, a shopper was shot in the...

Thanksgiving shopping binge brings Black Friday hangover

August 24, 2021 at 10:46 p.m.

NEW YORK (Reuters) - U.S. retailers' controversial choice to kick off the U.S. holiday shopping season early, on Thanksgiving, may not pay off as much as they had hoped. Eager...

U.S. retailers’ September sales rise modestly, shoppers wary

August 24, 2021 at 9:18 p.m.

NEW YORK (Reuters) - U.S. shoppers remained cautious in September, gravitating toward bargains as their confidence took a hit from political strife in Washington and slow job growth, just weeks...

Bodum sues J.C.Penney for poor shop-in-shop rollout

August 24, 2021 at 8:09 p.m.

(Reuters) - Upscale coffee-press maker Bodum Group has sued J.C. Penney Inc Co for breach of contract, saying the retailer did not deliver on its promise to build and roll...

Neiman Marcus sold for $6 billion to Canada Pension Plan, Ares

August 24, 2021 at 8:05 p.m.

NEW YORK/TORONTO (Reuters) - The owners of Neiman Marcus Inc agreed to sell the U.S. luxury department store chain to two private investors for $6 billion, almost $1 billion more...

Tiffany’s strong China sales offset tepid Americas business

August 24, 2021 at 7:40 p.m.

(Reuters) - Tiffany & Co's strong sales in China and higher prices made up for some disappointing business in its home market in the latest quarter, leading the U.S. jeweler...

American Eagle issues weak forecast on price pressure

August 24, 2021 at 7:30 p.m.

(Reuters) - American Eagle Outfitters Inc , the teen apparel retailer, forecast weak sales and profits for the back-to-school quarter on Wednesday, and said the promotional environment that forced it...

Analysis: U.S. retailers say uneven recovery keeps consumers cautious

August 24, 2021 at 7:15 p.m.

(Reuters) - From Wal-Mart Stores Inc and Gap Inc to Macy's Inc and McDonald's Corp, chains that cater to middle- and lower-income Americans say they are feeling the pinch of...

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