Retail

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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 …

Adam Jeffery | CNBC
Models walk the runway at the BCBG fashion show during MBFW Spring 2015 in New York.

Fashion Week is no longer only about the Chanels, Vuittons and Gucci of the world. As the New York show calendar has grown to include mainstream brands (think J.Crew), and as affordable retailers such as H&M and Old Navy host events tied to the runway, the twice-a-year spectacle now incorporates both the high end and everyday. This fusion between the high and low …

Is it safe to swipe?

Home Depot is the latest victim of recent big data breaches. Why does this keep happening and is the problem fixable?

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New York Fashion Week is famous for the glitz and glam that descends upon Manhattan two times a year. But based on average annual salary information compiled by website Eventup, there’s a good chance that many of the faces behind the scenes at Lincoln Center would have a hard time paying for runway-worthy looks on …

Which retailers will outperform?

As retailers gear up for the big holiday shopping season, which ones are poised to get it right and outperform the sector?

Fighting for foot traffic

How do old companies get more foot traffic in their brick-and-mortar stores? Courtney Reagan tells us the ideas that seem to be working.

Dana Hoff | Photographer's Choice | Getty Images

It’s hard to deny that online sales are on a hot streak, consistently posting sales growth that outpaces bricks-and-mortar. Mobile sales, in particular, are increasingly contributing to that traction, accounting for 11 percent of total e-commerce dollars in the second quarter, according to ComScore. Despite the rising share of desktop and mobile sales—which is expected …

The future of shopping

Courtney Reagan shows us what the future of retail could look like and explains why the mall of tomorrow will look nothing like it does today.

Turning point for Target?

Target cut its profit forecast as it is trying to win back customers and increase sales. But there may be a glimmer of hope in the retailer’s latest earnings report.

David Paul Morris | Bloomberg | Getty Images
Customers shop for back to school supplies at a Target store in Colma, Calif., Aug. 9, 2014.

Although the second quarter is shaping up to be another lackluster period for most retailers, the sector is beginning to show some signs of optimism, with several companies highlighting the back-to-school season as a bright spot in their earnings reports. Mid-tier department store Macy’s, which cut its same-store sales forecast for the year based on weakness …