Daily Retail Industry News

Grocery Chain Kroger Removes Jalapenos

Jul 24, 2008

The nation's largest traditional grocery chain has removed jalapeno peppers from its stores as a precaution.

AutoNation second quarter profit dives, 1,300 job cuts planned

Jul 24, 2008

Published: Thursday, July 24, 2008 at 10:34 a.m. Last Modified: Thursday, July 24, 2008 at 10:37 a.m. AutoNation Inc.

Duncanville Swingers Club Raided For 2nd Time In Days

Jul 24, 2008

A swingers club in Duncanville has been raided for a second time within days. The owners of The Cherry Pit had been challenging 10 citations, related to operating a sex club and running a sexually oriented ...

Deal reached on sale of Steuben Glass

Jul 24, 2008

Corning Inc. announced today that it has reached an agreement to sell its Steuben Glass Division to Steuben Glass LLC, a newly formed affiliate of Schottenstein Stores Corp.

Stocks rise on upbeat profit reports, drop in oil

Jul 24, 2008

Stocks extended their rally Wednesday as another decline in oil prices and several upbeat profit reports eased some of Wall Street's concerns about the economy.

Amazon 2nd quarter profit doubles, beats estimates

Jul 24, 2008

Amazon.com Inc. says its second-quarter profit more than doubled and surpassed Wall Street's expectations.

IAC to take $170M in charges for spinoffs

Jul 23, 2008

Internet conglomerate IAC/InterActiveCorp, preparing to spin off four of its operating units, said late Tuesday it plans to take about $170 million in charges because the housing crisis has diminished the value ...

Costco Expects Earnings `Well Below' Estimates; $1 Billion Buyback Planned

Jul 23, 2008

Costco Wholesale Corp. , the largest U.S. warehouse-club chain, said earnings will be ``well below'' analysts' estimates after surging energy prices increased the retailer's costs and made selling gasoline less ...

Reality star Omarosa says Wendy Williams is 'a fake and a phoney'

Jul 23, 2008

Omarosa is not sorry for sparring with Wendy Williams. "I stand by everything I said," Omarosa told The Associated Press on Tuesday.

Emergency diverts congressmen's flight

Jul 23, 2008

A Continental Airlines flight carrying former presidential candidate Ron Paul and six other members of Congress to Washington made an emergency landing in New Orleans on Tuesday after a loss in cabin pressure.

Bush: Wall Street Has Hangover, Must Sober Up

Jul 23, 2008

President Bush, in an unguarded moment, said Wall Street "got drunk and now it's got a hangover."He made the comment at a political fundraiser in Houston last Friday after asking members of the audience to turn ...

Texas oilman: Clear path for wind power

Jul 22, 2008

Texas oilman T. Boone Pickens asked Congress on Tuesday to "clear the path" for his plan to boost use of wind and natural gas for U.S. energy needs.

Supervalu 1Q Profit Up 9 Percent

Jul 22, 2008

Grocer Supervalu Inc. cut its 2009 profit guidance on Tuesday, citing a slowdown in consumer spending and soaring energy costs, even as it said profit rose 9 percent in its fiscal first quarter.

Wal-Mart's fashion show previews back-to-school

Jul 22, 2008

By Alexandria Sage

SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc presented a colorful, casual line of youthful looks for kids and teens on Saturday at a fashion show that previewed the mass-market chain's new low-cost offerings for back to school.

The world's largest retailer has been careful not to accentuate the fashion quotient in its clothing offerings this year ever since a disastrous push into more stylish gear in late 2005 alienated its core customers looking for basics.

Still, the company's presence at the Fashion on the Square runway show in this city's posh downtown Union Square was a nod to the importance of youth trends when it comes to selling apparel.

Hannaford Bros. Class Action Suit

Jul 22, 2008

A federal judge plans to issue an order this week designating the lead counsel in a class-action lawsuit arising from last winter's data breach at Hannaford Bros.

Charlotte Russe skids 22% on Q3 earnings, CEO retirement

Jul 22, 2008

Retail clothing company Charlotte Russe Holding Inc. is down more than 22% in today's trading after announcing its third-quarter earnings per share had dropped and that its CEO would be retiring.

Market Street store to create 300 jobs in Frisco

Jul 22, 2008

A new Market Street specialty grocery store is expected to bring 300 jobs to Frisco when it opens Aug.

Mervyns face financial squeeze

Jul 21, 2008

Mervyns LLC, the low-end department store chain that has been languishing for several years, could be the latest casualty of the fiercely competitive retail climate.

Mervyn's may be forced to file for Chapter 11: report

Jul 21, 2008

Mervyn's LLC may be forced to file for Chapter 11 bankruptcy protection as early as this month if the California department-store chain fails to persuade its suppliers to ship products for the back-to-school ...

Garland police arrest suspect in shootings

Jul 21, 2008

Thai-An Huu Nguyen Garland Police have in custody a 22-year-old male they believe is responsible for six shootings that started Sunday afternoon in Garland and expanded into Mesquite, Richardson and Plano over ...