Breaking News
retail
Beloved retailer closing all stores amid parent company's bankruptcy filing
Furniture and appliance retailer American Freight is closing all stores nationwide as part of Chapter 11 bankruptcy proceedings by its parent company, Franchise Group Inc.
Billionaire Home Depot co-founder dead at 95
Bernard Marcus, the son of Russian-Jewish immigrants who rose from a tenement in Newark, N.J., to create one of the world's biggest and most recognizable brands, the Home Depot Corp.,...
Celeb-fave NYC window display designer claims rival bribed worker to steal ‘trade secrets’
A company that designs celeb-fave city window displays for posh designers such as Gucci and Prada says a rival “bribed’’ one of its workers to steal trade secrets, according to...
It's alive! Manhattan's long vacant retail spaces are finally rising from the dead
The corpses of big retailers — some decades old — haunt the streets of Manhattan. Now, a few are finally being brought back to life. The blight was particularly gory...
Vying for a Manhattan forever-home, retailers are racing to buy their storefronts
Prime city retail storefronts are so rare that businesses are opting for the nuclear option — buying. Kering and Prada bought their stores on Fifth Avenue last year for $835...
Home Depot to require corporate employees to work quarterly 8-hour retail shifts
Home Depot will be requiring their corporate employees – including the executives and senior management – to work one 8-hour retail shift in a store per financial quarter, according to...
Brazen thieves swipe 100 right-footed shoes as suspects taunt and celebrate with drink in front of security camera
“This business and entrepreneurship has been a true test of everything for me.”
NYC retail leasing shows signs of rebound after COVID carnage
Third-quarter Manhattan surveys found significantly lower storefront availability.
Union boss rages against E-ZPass for costing union jobs in video weeks before strike shut down ports
“Someone needs to go to Congress and say, ‘Whoa, time out,’ this world is going too fast for us. Machines have got to stop,” he said.
After finding runaway success with gold, Costco adds an even more precious metal to its offerings
The wholesale retailer on Wednesday announced it is selling 1-ounce platinum bars and platinum coins on its website.
Experts warn of empty shelves, rising prices for this reason
Dockworkers along the East and Gulf coasts have pledged to strike unless a new contract is reached by October, prompting experts to warn higher prices and empty shelves could await consumers.
US retail sales unexpectedly rise, lowering odds for big rate cut
Data released on Tuesday by the Commerce Department showed that the value of retail purchases rose 0.1% in August -- below analyst estimates of 0.2%.
Two new tenants at famed NYC Midtown towers bolster luxury retail market
Bonhams will reportedly move into the landmarked former Steinway Piano showroom at the base of 111 W. 57th St.
Dollar Tree stock falls 20% after cutting forecasts amid stubborn inflation
Shares of Dollar Tree were trading at around $65 a share on Wednesday -- the lowest in more than four years.
Nordstrom family offers $3.8B to take upscale department-store chain private
“That the Nordstrom family have made an offer to buy the department store chain comes as no surprise. What is interesting is the $23 a share value which is pretty...
L'Oréal cosmetics heiress dethroned as world's richest woman — here's the new queen
The new queen has jumped ahead of Bettencourt Meyers, whose net worth was pegged at $89.9 billion by Bloomberg.
Target's sales bounced back after closing crime-prone stores -- and other chains could do the same
Retailers may begin shuttering stores in high-crime areas, which could create retail deserts.
Target sales surge in latest sign that shoppers are flocking to low-cost retailers
The big box retailer raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year.
California's gov signs retail crime bills in scramble to tackle rampant shoplifting
The package of 10 bills comes after rampant retail theft throughout the state, including a queenpin who stole millions of dollars in a cosmetic store crime ring.