Home Depot is getting ready for its own version of Black Friday. For the second year in a row, the DIY heavyweight will roll out regional promotions that include doorbusters, as well as special pricing on lawn and garden, patio furniture, and grills.
Sears Holdings Corp.'s appointment of a new CEO rich in technology expertise but short on retail experience is leaving many wondering what direction the owner of the struggling Sears and Kmart stores is heading. The appointment of Lou D'Ambrosio came just hours before Sears reported another weak quarter, even though results from competitors Target Corp., Kohl's Corp. and Home Depot this week show shoppers are spending more.
Lowe's gave a lackluster outlook for the current quarter despite strong fourth-quarter results, and its shares fell. The company, which recently laid off about 1,700 middle managers, expects first-quarter earnings of 34 cents to 38 cents a share, while analysts were expecting 38 cents a share.
Home Depot reported that profit for the quarter ended Jan. 30 surged 72 percent to $587 million, compared with $342 million a year earlier. The home-improvement chain provided 2011 guidance at or above the views it gave in December.
Who hasn't been reeled in by the lure of a money-back rebate, reducing the purchase price of that new dishwasher or refrigerator you need? The process sounds so simple, too: Just fill out a rebate form, mail it back with a proof of purchase, then sit back and wait for the check to arrive in the mail. At least so it seems.
How the online shopping experience has changed since the birth of e-commerce was the focus of a lively session at the National Retail Federation's BIG Show in New York City this week.
Shoppers will continue to spend more this year, spurred by a slowly improving job market and an uptick in income, but enough shoppers are still struggling with their finances that any increase will be modest, a retail industry expert said.
Retail stocks rose after the Commerce Department reported the biggest monthly retail sales increase since March, giving an encouraging note as the industry readies for its biggest selling period.
The advent of new technologies has forever changed the way consumers shop. Today, consumers routinely research, purchase, ship and return products across all
channels. They're using mobile devices, phones, websites, email, stores and catalogs in whichever combination is the most convenient for them.
Retailers stand to reap billions from the financial-overhaul legislation being finalized by Congress this week, possibly giving them a long-sought victory by slashing the "swipe fees" that credit-card companies charge merchants for every debit-card transaction. Members of the House and Senate announced an agreement Monday to include the debit-card fee cuts in the final version of the overhaul bill — a loss for the financial industry, which had mounted a furious campaign to eliminate or water down the proposed regulations.