Retail

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Customers get hands on with a laptop computer at a Best Buy in Los Angeles.

The second-biggest shopping event of the year is shaping up to be not much of an event at all. As consumers increasingly stock up on back-to-school essentials throughout the year, and simultaneously shift their view as to what constitutes a school item in the first place, a new study has found that parents of children …

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Jeff Bezos

Amazon shares spiked in early trading Friday after the online retailer blew past quarterly earnings and revenue estimates, boosted by growth in the North American market and cloud computing segment. Shares rose 20 percent, giving the retailer a larger market capitalization than bricks-and-mortar behemoth Wal-Mart. The surge also generated a huge windfall for CEO Jeff …

Sizing up Amazon’s Prime Day

All of the deep discounting that retailers are offering could turn into a big financial headache.

Let the irrational buying begin. July 15 marks Amazon’s inaugural one-day shopping event, “Prime Day,” which the tech giant says will have “more deals than Black Friday.” The event is intended to give Prime members—those who pay $99 per year for faster shipping on a variety of products—access to exclusive deals on everything from electronics …

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When Amazon announced some of the deals that would be offered starting at midnight Wednesday—from $75 TVs to half-off cameras—Amazon Prime members set their alarms for the price savings. But by the morning many were wondering why they even bothered. Customers took to Twitter to voice their disappointment with the slow-loading website featuring deals they …

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An employee stacks items to be shipped at the Amazon.com fulfillment center in Phoenix, Arizona.

As Amazon celebrated its 20th birthday Wednesday with a day of deals, it’s worth noting that the online behemoth is often seen as catering to all shoppers—especially those looking for competitive prices and convenient shipping. But one research group says disproportionately large number of Amazon’s U.S. shoppers aren’t those whom you would typically think of …

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When retailers come out with promotional guns blazing, it’s often an indication that they need to rely on gimmicks to lure shoppers away from the competition. So when news of Amazon‘s Prime Day—a 20th anniversary event that promises to offer more deals than Black Friday—hit just weeks after Wal-Mart announced a forthcoming subscription service, many assumed …

David Paul Morris | Bloomberg | Getty Images
An employee stacks items to be shipped at the Amazon.com Inc. fulfillment center in Phoenix, Arizona.

Online shoppers get ready to spend, spend, spend, for Black Friday is coming early this year as part of Amazon’s 20th birthday celebrations. Next Wednesday, July 15, Amazon is launching “Prime Day”; its own global shopping event that aims at offering “more deals than Black Friday”, for customers in nine countries, including the U.S., U.K., …

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A person bikes past a Whole Foods Market in Brooklyn, New York.

Shoppers were up in arms regarding accusations that Whole Foods Market has been overcharging consumers for its prepackaged food, including several who threatened to boycott its stores. The accusations were brought by New York City’s Department of Consumer Affairs, which said on Wednesday that after testing 80 various package types from the high-end grocer, all …

Scott Mlyn | CNBC
A back-to-school window display in New York City.

A National Retail Federation poll finds that 29 percent of households with children ages 6 to 17 plan to spend more on back-to-school shopping this year—up from 24 percent in 2014. That jump is mirrored by an expected increase in spending on college-bound students, with the federation results finding that 30 percent of households with …

Confederate products pulled

Some companies are removing items, deemed by some as racially insensitive, from shelves.

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The recent data breach involving four million government workers is an unpleasant reminder of how vulnerable our digital information has become. On the consumer side, high-profile breaches at Target and Home Depot are just two examples of dozens of similar cases. Surprisingly, many retail and financial-services executives think that data breaches have become so common that …

Source: BFC Partners
A rendering of Empire Outlets

When paying rent eats up half your paycheck, it makes sense to be on the prowl for bargains. Snagging name-brand merchandise at a discount is about to get a whole lot easier for cash-strapped New York City residents, when Staten Island’s Empire Outlets opens late next year.  ( Tweet This) Home to stores including Nordstrom …

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Hudson Yards is making a massive investment in brick & mortar retail.

Silicon Valley moves to the mall

Malls are making changes to stay relevant amid the rise of online retail.