IHS Markit, an economic forecasting firm, said Monday that it expected the unemployment rate to rise to 6 percent by mid-2021, up from 3.5 percent…
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Cracker Barrel shares rise after earnings beat expectations
Bank of Montreal profit rises 5.4% Feb 25 (Reuters) – Bank of Montreal reported a 5.4% rise in quarterly profit on Tuesday, helped by strength…
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Nearly 10,000 retail jobs lost this year as sector pins its hopes on 5G
Nearly 10,000 retail jobs have been lost since the start of this year, according to new research. Some 9,949 positions have gone in January, with…
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FairPrice, Giant, Cold Storage and Sheng Siong supermarkets to stay open longer during CNY period
SINGAPORE – To cater to the expected throng of shoppers during the Chinese New Year period, supermarket chains NTUC FairPrice, Giant, Cold Storage and Sheng…
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Michaels Cos hires Walmart's Ashley Buchanan as CEO
(Reuters) – Michaels Cos Inc (MIK.O) on Friday named longtime Walmart Inc (WMT.N) senior executive Ashley Buchanan as chief executive officer and president on Friday,…
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Cautious UK shoppers send retail sales growth to 19-month low
LONDON (Reuters) – British shoppers kept a tight grip on their wallets last month as retail sales grew at their slowest annual pace since April…
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Why Home-Fix, four firms shutting stores: Retail woes hard to fix
Home-grown hardware chain Home-Fix closes its last store this week – an inglorious end to a high-profile business that once had 20 outlets here. The…
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Home-Fix closes brick-and-mortar shops: 5 other retailers that have shuttered stores in recent years
SINGAPORE – Once a familiar name in many Singapore shopping malls, with more than 20 outlets here at its peak, home-grown hardware chain Home-Fix will…
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DIY chain Home-Fix closing stores amid financial woes
Once a familiar name in many a Singapore shopping mall – and with more than 20 outlets at its peak – home-grown hardware chain Home-Fix…
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Australia retail sales stagnate, exports skid in bleak start to fourth-quarter
SYDNEY (Reuters) – Australian retailers had it tough in October as skittish consumers chose to hoard any windfall from lower interest rates and tax rebates,…
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Opinion | Trump’s Possible Policy Shift on the Taliban
More from our inbox: To the Editor: Re “Trump Remark About Taliban Stirs Confusion” (front page, Nov. 30), about the president’s declaration that he had…
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Indian retailer Future's shares surge as regulator approves Amazon investment
BENGALURU (Reuters) – Shares in Future Retail Ltd surged 13% on Friday, after India’s antitrust body approved a deal that would give Amazon.com Inc a…
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Less Plastic With ‘Bags for Life’? Try Again, Campaign Groups Say
LONDON — When the British government introduced a 5-pence levy on plastic bags four years ago, it encouraged shoppers to help reduce environmental damage by…
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Williams-Sonoma shares dip 5% on drop in year-over-year earnings
Nordstrom Inc. Reveals Gain In Q3 Profit Nordstrom Inc. (JWN) reported a profit for its third quarter that increased from last year. The company’s earnings…
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