Retail

Rick Wilking | Reuters
A customer enters the Lumber Liquidators store in Denver, February 25, 2015.

The U.S. Consumer Product Safety Commission confirmed that it is investigating laminate products made by Lumber Liquidators. In a Wednesday morning teleconference CPSC Chairman Elliot Kaye said the agency is “actively investigating” the relevant flooring from the retailer, and that Lumber Liquidators is cooperating. Kaye said it would take “months not weeks before we can …

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An Amazon.com worker picks orders at an Amazon fulfillment center in Tracy, California.

Amazon is expanding its one-hour delivery service beyond New York City. The e-commerce giant said Thursday its Prime Now service will now be available in select ZIP codes in Baltimore and Miami from 8:00 a.m. to 10 p.m., seven days a week. Prime Now offers two-hour delivery service for free and one-hour delivery for $7.99. …

Patrick T. Fallon | Bloomberg | Getty Images
A customer, left, shops for a new suit at a Banana Republic LLC store in Los Angeles, California.

After more than a year of clearance items, markdowns and other price promotions, retailers are finally saddling up and trying to break consumers’ addiction to discounts. But will shoppers call their bluff? According to analysts’ store checks, the deep discounts that have plagued the retail industry—and slashed companies’ margins in their wake—have moderated over the …

Robert Galbraith | Reuters

Apple announced its arrival to the luxury watch market this week with the $10,000 Apple Watch Edition. Social media and commentators went wild discussing the whopping price tag and whether it made sense for Apple to pit its 18 karat gold model against the stalwarts of the Swiss watch industry. Why would you buy an …

Scott Mlyn | CNBC
Pedestrians walk by an Apple store in New York.

How much is an Apple store worth? It turns out, a whole lot. Although sales from the tech giant’s 400-plus retail stores only contributed a fraction of its $183 billion in revenue last year, its locations can raise sales at the malls where these stores are located by 10 percent, according to The Wall Street …

Retail’s revolution

Big retailers like Target are setting up technology labs. We have a rare look inside Target’s tech lab, in the heart of Silicon Valley.

Costco strikes a new deal

Costco named Visa and Citigroup its new credit card partners, replacing its exclusive relationship with American Express.

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A TJ Maxx employee and customer at a store in Washington, D.C.

Let the wage war begin. Less than a week after Wal-Mart announced that it would raise wages for 500,000 employees to $9 an hour in April, off-price retailer TJX said in its fourth-quarter earnings report that it, too, will boost pay. The parent company of T.J. Maxx, Marshalls and HomeGoods said Wednesday its full- and part-time …

Patrick T. Fallon | Bloomberg | Getty Images
A customer pushes a shopping cart laden with merchandise at a Target Corp. store opening ahead of Black Friday in Chicago, Illinois.

Target on Wednesday reported a stronger-than-expected jump in same-store sales and profits for the key fourth quarter, helped by its expanding online business, and it forecast modest earnings growth for this quarter. The retail giant posted earnings of $1.50 a share, excluding one-time items, on revenue of $21.75 billion. Wall Street expected Target to post …

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Home Depot, the world’s No.1 home improvement chain, reported a 36 percent rise in fourth-quarter profit on Tuesday and said it would buy back $18 billion of shares. The company warned, however, that it expects currency headwinds will impact 2015 earnings by about 6 cents per share. Shares of Home Depot rose more than 3 …

Kathrin Ziegler | Cultura RM | Getty Images

Beauty brands, take notice. In the face of stagnant sales for the overall category, there’s one shopper whose lust for fragrance and mascara is driving much of the industry’s growth. According to a new study by Nielsen, sales growth from Hispanic consumers last year significantly outpaced that of non-Hispanic shoppers across every beauty segment. In …

Luke Sharrett | Bloomberg | Getty Images
The Outlet Shoppes of The Bluegrass stand in Simpsonville, Kentucky.

Few things get a deal seeker’s blood flowing quite like a good bargain. A name-brand handbag for a fraction of the price? Impossible to resist. But what are shoppers really getting when they snag a pair of Christian Louboutin pumps for a third of the cost? “When there’s a bargain in play, you’re probably not …

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The West Coast port slowdown is putting retailers at risk.

Stylinity

Frequent selfie posters are sometimes labeled as vain or self-centered. But thanks to a new app, there’s another word that could be used to describe these social media mavens—profitable. After starting off with in-store photo booths that let consumers take pictures of their outfits, post them to social media and let other users shop their …

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Valentine’s Day is known for flowers and chocolates. It turns out though that neither of these symbols of love see their yearly peak in February. While spending for both does jump in this season, it actually tops out later in the year. Specifically, spending for our chocoholism is so consistent that for as much as …