Retail

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Shoppers are planning to spend more this holiday, but there’s one person they won’t be splurging on: themselves. The National Retail Federation on Thursday released its annual holiday spending survey, which found that the average person celebrating Christmas, Kwanzaa or Hanukkah will spend $804.42 this season—an increase of nearly 5 percent from last year’s average …

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People enter Macy's Herald Square as the store opens its doors at 8 pm Thanksgiving day on November 28, 2013 in New York City.

Get ready to finish your turkey and stuffing a few hours earlier this year. Macy’s on Tuesday announced that it will open the doors to its full-line department stores at 6 p.m. on Thanksgiving Day, two hours earlier than last year. Although Macy’s is the first to announce its Thanksgiving plans, it certainly won’t be …

Source: Google Express

As it seeks to get a bigger slice of Americans’ spending, Google just ramped up the delivery wars by expanding its same-day service. The tech giant announced its Google Express service will serve three more cities—Chicago, Boston and Washington. It was already available in the San Francisco area, West Los Angeles and Manhattan. Over the …

Holiday retail forecast

This quarter, which includes the holiday season, is a critical one for retailers and a test of how much consumers are willing to spend.

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Holiday decorations in the lobby of New York's Time Warner Center, a high-end mall.

As retail experts begin to unwrap their holiday forecasts, the shaky economic recovery is delivering some mixed signals. The National Retail Federation on Tuesday said it expects holiday sales to increase 4.1 percent to $616.9 billion in 2014, up one percentage point from last year in what would be the first gain of more than …

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Kevin Systrom, 30, who co-founded the photo sharing service Instagram, has been appointed to the board of Wal-Mart Stores.

The man who put Instagram on the social media map has landed a new side gig—as a member of Wal-Mart’s board. The retail giant announced on Monday that Kevin Systrom, who co-founded the photo sharing service, was appointed to its board of directors. Systrom’s appointment takes effect immediately, Wal-Mart said, adding that he would also serve on the …

Nike posts strong results

Nike reported better-than-expected quarterly profit sending shares of the Dow component up in after-hours trading. Dominic Chu tells us the one key takeaway from the numbers.

Home Depot breach: fraud reportedly hits stolen accounts

There are reports that fraudulent charges and cash withdrawals are showing up on credit cards stolen in the massive Home Depot data breach.

Here comes Wal-Mart Bank

Wal-Mart, the world’s biggest retailer, is taking direct aim at the banks, making its biggest push yet into financial services.

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Apple CEO Tim Cook shows off the new iPhone 6 on September 9, 2014 in Cupertino, Calif.

Smartphone users snapped up Apple’s latest iteration of the iPhone in record numbers, the tech giant announced Monday, saying sales topped 10 million in three days. The iPhone 6 and iPhone 6 Plus sales eclipsed the launch figures of the 5S and 5C models, which moved 9 million units in their first three days last year, the Cupertino, …

iPhone 6 debut

Die-hard Apple fans waited on long lines Friday from coast to coast, trying to get their hands on the all-new iPhone 6 and iPhone 6 plus.

Adam Jeffery | CNBC

Target confirmed that it will hire 70,000 seasonal workers this holiday, the same number as in 2013. In an email to CNBC, the company said it will issue a release with more details later Thursday. That information could include a breakdown of how many workers will be at the company’s distribution centers versus on its sales …

Daniel Acker | Bloomberg | Getty Images

Fall might not have officially arrived yet, but companies are already detailing hiring plans for the holiday season. Kohl’s Department Stores plans to hire more than 67,000 associations this year for the crucial shopping season. The retailer also plans to hire an additional 9,300 seasonal workers at its distribution centers and about 670 seasonal credit operations …

Toymakers gear up for the holidays

The nation’s biggest toy retailers are already putting out their “hot toy” lists as they gear up for the holiday season and try to compete with electronic retailers.

David Paul Morris | Bloomberg | Getty Images

Wedbush will announce its Q2 report on RadioShack tomorrow. Michael Pachter and his team at Wedbush predict the electronics retailer will “see persistent structural decline as Internet sales continue to take share.” Wedbush gave RadioShack a rating of “underperform.” Also, the electronics retailer’s 12-month price target dropped from $1 to $0. “Reiterating our underperform rating and lowering …