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Google has launched a new version of Google Goggles that's faster and smarter than ever before. The new Goggles 1.3 client for Android can scan barcodes almost instantly. All versions of Goggles can now recognize print ads in popular magazines and newspapers. 

Amid disappointing sales and takeover rumors, BJ's Wholesale Club Inc. has shaken up management and unveiled plans to close five underperforming stores and restructure its home office and some field operations.

Best Buy is on the verge of an announcement that could shake up the retail industry, reports CNBC's Herb Greenberg.

The outlook for same-store sales continues the improvement trend begun in September, according to the December ForecastIQ. But with consumer confidence more than two points lower in December 2010 than December 2009, it's not certain if the continuing improvement trend will bring sustainable recovery.

Online sales have been of increasing importance to retailers as more and more people are deciding to shop online due to the convenience, as well as to take advantage of discounts and free shipping deals.

Nike is continuing its long run of impressive e-commerce growth: the footwear and apparel wholesalers/retailer reported its 15th consecutive quarter of double-digit online sales increases for the quarter that ended November 30, 2010.

Amazon said its third-generation Kindle is now the best-selling product in its history, taking the title from the book "Harry Potter and the Deathly Hallows," though the online retail giant didn't disclose the number of units sold.

American Eagle Outfitters has announced plans to open American Eagle Outfitters and Aerie by American Eagle stores in Japan. The first store is slated to open in Tokyo's Harajuku shopping district in the first half of 2012.

Best Buy has announced the rollout of health and fitness products at 600 Best Buy stores across the country and online at Bestbuy.com. The move aims to satisfy consumers' health and fitness needs through an array of traditional and new connected offerings for holiday gifting — just in time for New Year's health and fitness resolutions.

The National Retail Federation welcomed proposed regulations released by the Federal Reserve intended to result in "reasonable" swipe fees for debit cards, saying a significant reduction in the fees would result in lower costs for merchants and could lead to discounts for their customers.