Retail

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From shopping to shipping, Amazon didn’t deliver earnings this quarter. The online retailer has been spending a ton of cash that, as of yet, hasn’t paid off. Television set-top streaming boxes, $100 million investment in original online video programming and its first smartphone were created in what chief financial officer Tom Szkutak calls an “investment …

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Shares in Amazon sank on Friday after missing Wall Street expectations for the seventh time in nine quarters—and it turns out the stock tanking isn’t so unusual either. Read More A grocer in e-commerce clothes? Amazon shares have fallen the day after earnings 11 of the last 20 quarters, according to Factset data, with an average …

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Amazon.com founder and CEO Jeff Bezos speaks at a news conference on June 18, 2014, in Seattle, Washington

When online retail giant Amazon reports third-quarter earnings after the bell Thursday, investors will be looking for updates on a range of recent initiatives and acquisitions from the company that rarely turns a profit. Some pertinent questions: How much are its efforts to attract and retain customers hurting its earnings growth? Are small businesses adopting …

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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 …