Retail

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A sign marks the entrance to the headquarters campus of Sears Holding in Hoffman Estates, Illinois.

In its latest effort to retool its business and return to profitability, Sears Holdings has laid off 115 corporate workers, including 100 employees at its headquarters in Hoffman Estates, Illinois, effective immediately. A spokesman for the retailer, Howard Riefs, said the job cuts represent a “mix of positions in various departments across the organization.” “The …

Ty Wright | Bloomberg | Getty Images
A T.J. Maxx store in Cincinnati

From securing the ideal piece of real estate to hiring a qualified sales staff, opening and operating a physical store is a costly endeavor for retailers. So which are getting the most bang for their buck? A recent report by Jefferies analyst Randal Konik figured out just that. Based on his coverage universe, which includes …

Profit pressure hits Best Buy

In Best Buy’s earnings report it warned that deflationary pricing could impact future results. Courtney Reagan explains why this could be a costly trend in other retailers’ earnings.

Vince Talotta | Toronto Star | Getty Images

Target Corp said Thursday it would shut down its Canadian operations, ending long-term speculation over the viability of the struggling business. Target Canada has 133 stores and employs some 17,600 people. Target Corp said it would report $5.4 billion in pre-tax losses on discontinued operations in the fourth quarter. “After a thorough review of our …

December retail sales fall

Americans didn’t spend as much in December as expected. So where is all the money consumers are saving on cheap gas going?

Retailers are feeling confident

It might seem like the holidays just ended, but retailers are already assessing how the U.S. consumer is doing.

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Employees assist shoppers at the check-out counter of a Toys R Us Inc. store in New York.

It was supposed to be a happy holiday for workers looking for retail jobs during the industry’s busiest time of year, but the reality didn’t live up to the expectations. And now, making matters worse, several retailers are looking to start off the year with hefty job cuts, according to outplacement firm Challenger, Gray & …

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A JC Penny department store with a store closing banner last April.

Another day, another retailer trimming its store count. On Thursday, J.C. Penney said that it will close 40 of its locations—about 4 percent of its stores—this year. Then Macy’s said it would close 14 stores in early spring. The announcements came one day after teen retailer Wet Seal said it will shutter about two-thirds of …

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J.C. Penney said Thursday it will close about 40 stores over the next year. The closures, which represent nearly 4 percent of the 1,060 Penney U.S. stores, will affect about 2,250 employees, according to spokesman Joey Thomas. Penney’s stock was down 1.8 percent in morning trading Thursday. Most locations will close on or about April …

Juanmonino | E+ | Getty Images

Sticking to a holiday budget is easier said than done—particularly when consumers’ wallets are feeling a bit fatter. According to a two-part study conducted by advertising technology firm Fluent, 42 percent of consumers surveyed before Thanksgiving said they planned to spend less on holiday gifts this year than they did in 2013. However, when Fluent …

Brian Sozzi
The malls came alive this holiday season, and that is a good sign on the economy for 2015.

After slogging along much of the past year, is the retail industry in any better shape for 2015? According to Jefferies analyst Randal Konik, there are a number of factors that should give specialty stores a boost in the new year, including more modest inventory levels, a stronger macroeconomic backdrop, and better integration of online …

2015 outlook: retail

Courtney Reagan tells us her outlook for retail in 2015.

Adrees Latif | Reuters
A customer holds an iPhone 6 at an Apple store in New York.

Santa put Apples under more than half of all the Christmas trees out there this year. According to mobile analytics firm Flurry, Apple accounted for 51 percent of new device activations worldwide during Christmas week. Manufacturers coming in second and third place were Samsung with almost 18 percent of device activations and Microsoft (Nokia) with 5.3 …

Scyther5 | Getty Images

2014 was a transitional period for the retail industry. It was the year when mobile and online sales exploded, and retailers worked harder than ever to fuse their physical and digital stores. It was peppered with a number of high-profile CEO exits, including American Apparel‘s controversial Dov Charney and Target‘s Gregg Steinhafel. And while it …

Holiday retail rush

Christmas may be over, but many are hoping the buying will continue and extend what seems to be a strong holiday shopping season.