Analysts expected 18 top retail chains to report a modest gains in June, as high unemployment and falling consumer confidence have taken a toll on spending.
Disappointing same-store sales results in June weren’t necessarily unexpected, as the month typically trends weaker as shoppers have fewer reasons to shop.
Fashion discounters continue to thrive in this economy, with TJX and Ross Stores continuing to report impressive monthly sales results.
Home Depot has announced the expansion of its major appliance brands by adding Whirlpool, Electrolux and Frigidaire in a limited number of stores and on Homedepot.com.
Target reported a 2.1% same-store sales increase that was toward the low end of the company’s expectations.
Walgreens will acquire 144 stores operating under USA Drug, Super D Drug, May's Drug, Med-X and Drug Warehouse banners in an agreement valued at approximately $438 million.
Banana Republic is launching a special holiday collection styled by Jacqueline Durran, the Acadmemy Award-nominated costume designer for Anna Karenina.
The Retail Industry Leaders Association is urging President Obama and his administration to release proposed healthcare regulations that will affect nearly 170 million Americans currently receiving employer-sponsored health coverage.
Walmart observed its 50th anniversary in fine fashion this week as its share price hit an all-time high, even as the company faced familiar charges from vocal critics.
Kroger has opened a Signature store in the Fort Worth, Texas, market.