Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

51-60 results from 1000 for query «retail»

August 31, 2018 8:41 AM Coca-Cola is buying Costa Coffee for $5 billion

Coca-Cola is getting a $5 billion shot of caffeine. The company has agreed to buy coffee chain Costa Coffee from UK drinks and hotels group Whitbread for £3.9 billion ($5.1 billion). Costa has nearly 4,000 stores across 32 countries. It will give Coca-Cola (KO) "a strong coffee platform across parts of Europe, Asia Pacific, the Middle East and Africa 65

August 30, 2018 10:48 PM Amazon to launch food and drink sales in Mexico

MEXICO CITY (Reuters) - Inc will begin selling food and drinks online in Mexico, including snacks, sweets and wines, it said on Thursday, a move that could intensify its competition with Wal Mart de Mexico to claim shoppers in a nascent e-commerce market. Online shopping represents a fraction of total retail sales in Mexico but has grown swiftly 97

August 30, 2018 8:39 AM Australia's central bank says power failure hits payment system

The outage at the Reserve Bank of Australia lasted about three hours, but representatives of two major banks told Reuters the incident had affected payments throughout the industry. The central bank said in its official Twitter feed that routine maintenance of its “fire control systems caused an interruption of power to the Bank’s main data center” and that it was “re-establishing 79

August 28, 2018 9:19 PM Good Times Shouldn’t Mask Amazon’s Threat to Retailers

E-commerce is strong at Best Buy and others but is still taking a bigger slice of the retail pie Retailers are doing a lot better. That doesn’t mean their problems have been magically whisked away. Best Buy provided a reminder of that on Tuesday: The big electronics retailer reported same-store sales rose 6.2% in its fiscal second quarter 46

August 27, 2018 10:52 PM FAO Schwarz Is Set to Return, And It Needs People to Dance on the ‘Big’ Piano

Midtown Manhattan store will be staffed with demonstrators, magicians and men and women playing costumed roles, including toy soldiers A dominant presence in Midtown Manhattan for decades before its closure in 2015, the toy store is coming to life again with a new, 20,000-square-foot Rockefeller Center location, set to open in November. ThreeSixty Group 73

August 23, 2018 2:23 PM British businesses relieved at no-deal Brexit VAT tweak

LONDON (Reuters) - British business welcomed a commitment from the government to change how import VAT has to be paid should Britain leave the European Union without a deal - a technical accounting tweak that should avert a cashflow “time bomb” for many companies. Government guidance for businesses about Value Added Tax (VAT) in the event of a no-deal 61

August 22, 2018 4:57 PM Lowe’s to Close Orchard Supply Stores, Recruits CVS Finance Chief

Shares of the home-improvement retailer jump after posting stronger earnings in its latest quarter Marvin Ellison is stepping up efforts to close Lowe’s Cos.’s performance gap with its larger rival Home Depot Inc. Lowe’s plans to shut down Orchard Supply Hardware stores, a small regional hardware chain it acquired five years ago, and Mr. Ellison, chief 55

August 22, 2018 11:50 AM Target’s Sales Growth Highest in More Than a Decade

Comparable sales increased 6.5% in the quarter ended Aug. 4, helped by stronger traffic at retail stores Target Corp. said same-store sales rose at the fastest rate in more than a decade, buoyed by efforts to improve its stores and e-commerce capabilities as well as a booming economy that has helped lift sales across the retail industry. Comparable sales 42

August 21, 2018 6:16 PM Cannabis stocks soar to new highs

Rival Cronos Group (CRON) has soared more than 40% in the past week, including an 11% pop Tuesday. Tilray (TLRY), another competitor that just went public on the Nasdaq last month, has skyrocketed more than 60% in the last five days. Tilray shares were up 10% alone on Tuesday. Both companies, which are also based in Canada, have clearly attracted more interest 52

August 15, 2018 6:26 AM New Office Space Created in Retail’s Tumult

Normandy Real Estate Partners’ $133 million deal for part of ABC Carpet’s building is a sign of the times Normandy Real Estate Partners found what it viewed as the perfect spot for a high-end Manhattan office development: the upper floors of the ABC Carpet & Home building, a retail industry landmark. Last year, Normandy closed on a $133 million deal for the upper 51