Toys “R” Us founder Charles Lazarus has passed away at the age 94 years old, just one week after the company announced it plans to shut down all U.S. operations. It’s quite possible Lazarus died of a broken heart. As Just Jared reports, he started the company back in 1948 when he was just 25 […]
NEW YORK (AP) — Kroger will no longer sell guns to anyone under 21 at the stores it owns, becoming the third major retailer this week to put restrictions in place that are stronger than federal laws. The nation’s largest grocery chain sells guns from 44 of its Fred Meyer stores in the West, but […]
NEW YORK (AP) — Thanksgiving weekend shoppers picked up hot toys, TVs and new Apple products, buying both online and in stores, but spent less per person because of rampant discounting that they’ve come to demand. Once all the receipts are in, customers look to have spent an average of $289.19 over the four-day weekend, […]
Saturday marked one year since the deadline for retailers to officially switch over to EMV microchip cards. Tell us about how the transition has gone. Mellody: It has gone fairly well, considering what a huge undertaking it is. It is no small thing to change how people pay for things with their credit or debit cards, […]
NEW YORK (AP) — Chipotle said it has been subpoenaed as part of a federal criminal investigation and that sales plummeted 30 percent in December after a series of food scares at its restaurants. The company said in a regulatory filing it was asked to produce a broad range of documents tied to a norovirus […]
LITTLE ROCK, Ark. (AP) — Wal-Mart will stop selling the AR-15 rifle and other semi-automatic weapons at its stores because fewer people are buying them, a spokesman said Wednesday. The AR-15 rifles and other modern sporting rifles were being sold at less than a third of the company’s 4,600 U.S. stores. Company spokesman Kory Lundberg […]
Zara's Black customers are targeted as potential thieves seven times more frequently than white shoppers.
Even as national retailers pull Confederate flags from shelves and websites after the shooting deaths of nine black church members in South Carolina, manufacturers that produce the divisive symbol say that sales are now surging. “I don’t sell the Confederate flag for any specific group, I just sell the flag,” said Kerry McCoy, owner and […]
NEW YORK (AP) — Gap plans to close 175 of its namesake stores in North America, or 18 percent of its current total, and cut 250 jobs at its headquarters as the company tries to strengthen the struggling brand. Gap Inc., which owns Gap, Old Navy and Banana Republic, said Monday it will close about […]
NEW YORK (AP) — After a busy holiday weekend in shopping malls, millions of Americans are expected to log on and keep shopping on the day dubbed Cyber Monday. That day, the Monday after Thanksgiving, has been the biggest online shopping day of the year since 2010. The day could take on added importance after […]
CUPERTINO, Calif. (AP) — Apple showed off thinner iPads and a new iMac with a high-resolution display on Thursday. Sleek and stunning, yes, but not likely to spark the next iRevolution. The tech giant’s bigger strategic bet is that mobile pay service Apple Pay, debuting Monday, will be the next thing you didn’t know you […]
SEATTLE (AP) — She may not have it with you, but it’s now possible to drink Oprah Winfrey’s tea, since two money-making brands got together this week in Seattle. Starbucks CEO Howard Schultz brought Winfrey on stage Wednesday at the shareholders meeting to announce a drink named after the media mogul. Beginning April 29, customers will […]
