Retail

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Wal-Mart CEO Bill Simon speaks during a news conference in Washington.

Walmart U.S.CEO Bill Simon is leaving the company, the discount retailer announced Thursday. Greg Foran, president and CEO of Walmart China since March 2012, will take over the reins of Walmart U.S. from Simon on Aug. 9, the company said. Simon has been at the helm of Wal-Mart’s U.S. unit, which has struggled recently to deliver positive comparable …

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The Michael Kors Kerry Centre Flagship Store in Shanghai.

Michael Kors stock has had a fabulous run, but investors’ opinions about whether its shares are about to go out of fashion may hinge on two questions: Has the brand maxed out its U.S. potential? And how much of a boost can it get from expanding in Europe? There is no doubt that the pace of …

Retailers fighting the funk

Some retailers are taking aggressive steps to fight what they call a ‘retail funk.’

Daniel Acker | Bloomberg | Getty Images

It’s a habit that many shoppers are guilty of. When they want to buy something online for the cheapest price, they head directly to Amazon, not even bothering to extend their search to other sites. But according to new research from Savings.com, more than 50 percent of the time consumers can find a better price elsewhere …

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A Pier 1 Imports store in New York.

It’s Wall Street’s latest worry: The current state of the American consumer. Despite a blockbuster June employment report, buffeted by positive auto sales and same-store retail sales numbers, many investors and strategists worry that American consumers just don’t have the cash, or the willingness to spend it, that is required for the recovery to continue. …

Book battle heats up

Amazon and Hachette are locked in a bitter battle that could determine the future of e-book industry.

Wal-Mart’s ‘Made in USA’ push

Wal-Mart is hosting hundreds of entrepreneurs looking to sign a deal with the retailer to get their products on its shelves.

Robert Alexander | Archive Photos | Getty Images

In March, John Apruzzese began keeping a close eye on clothing business Ralph Lauren. The company looked interesting to Evercore Wealth Management’s chief investment officer, but the price wasn’t right back then. It wasn’t until mid-June that an opportunity to buy the stock presented itself. Shares dropped 10 percent since the beginning of the year—and about …

Second half outlook: the consumer

What lies ahead for consumers and retailers over the next six months?

Tim Rue | Bloomberg | Getty Images
Pier 400, right, sits idle at the Port of Los Angeles in Los Angeles, California.

Unintentional empty shelves are a retailer’s worst nightmare—and one that’s inching closer to reality with every passing hour. As the clock ticks toward midnight Monday, anxiety among retailers, manufacturers, farmers and others continues to grow. That’s when the contract between shipping companies and unionized West Coast port workers is set to expire. Failure to come …

Patrick Fallon | Bloomberg | Getty Images
Jeff Bezos, CEO of Amazon.com

If you ran into Amazon founder and CEO Jeff Bezos in a Seattle coffee shop, it might take you a minute to realize who he is. The man who forever changed the way we shop comes off as an everyman, with a friendly personality and an easy laugh. But those who have worked for him say he …

Michael’s crafting a comeback

Investors don’t have to wait that long to buy shares of Michael’s, the big arts and crafts chain, which is expected to begin trading again tomorrow, following eight years of private ownership. Courtney Reagan has more on how Michael’s has crafted its comeback to the equities market and the challenges it still faces.

Source: Warby Parker | Facebook

The headlines would make you think that e-commerce is a battle of giants. Amazon, the dominant U.S. player with $78 billion in revenue, has put a choke hold on book publisher Hachette in a dispute over e-book pricing. Chinese giant Alibaba, with sales of $250 billion in China, has just planted a foot in the …

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Amazon launched a new streaming music service on Thursday as part of its $99 Prime subscription service that includes free video streaming and free delivery. Overnight the company launched a web page seemingly announcing the new service. “Prime Music” would offer unlimited, ad-free streaming, free with Amazon Prime, according to the site. The company did not …

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Lululemon Athletica executives have assumed the fierce and warrior poses—but they’re not practicing yoga. A squabble among leadership at the yoga apparel maker, in which the company’s founder and biggest shareholder voted against the new chairman and another director, was described by CEO Laurent Potdevin on Thursday as “our parents are fighting, and it’s awkward.” Chip …