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Price War: Walmart Is Latest to Drop Price of iPhone 5c

Price War: Walmart Is Latest to Drop Price of iPhone 5c

Apple, Inc.(NEW YORK) — The iPhone 5c price drop war is on. After Best Buy announced Thursday that it was planning to offer Apple’s iPhone 5c for $50 with a two-year contract — nearly half of Apple’s $99 price — Walmart has announced that it will of…

Top Memorial Day 2013 Weekend Sales

Top Memorial Day 2013 Weekend Sales

Bloomberg News Photo by Diane Bondareff(NEW YORK) — Despite wet and chilly Memorial Day weekend weather forecasts in some parts of the country, retailers will be displaying their summer goods in full force and with discounted prices.
Memorial Weekend …

Economy Gains Strength as Retail Sales Jump 1.1%

Economy Gains Strength as Retail Sales Jump 1.1%

iStockphoto/Thinkstock(WASHINGTON) — In yet another positive sign for the economy, retail sales for February rose more than expected, tamping down worries that higher gas prices and taxes would take a bite out of consumer spending.Retail sales jumped …

Border Agents Seize Counterfeit Handbags Worth $14M

Border Agents Seize Counterfeit Handbags Worth $14M

Ben Pruchnie/FilmMagic(LOS ANGELES) — Customs and border patrol officers have intercepted some bogus bags that could have fetched a hefty price.   They may look like high-end Hermes handbags, but customs agents at the Port of Los Angeles sei…

Border Agents Seize Counterfeit Handbags Worth $14M

Border Agents Seize Counterfeit Handbags Worth $14M

Ben Pruchnie/FilmMagic(LOS ANGELES) — Customs and border patrol officers have intercepted some bogus bags that could have fetched a hefty price.   They may look like high-end Hermes handbags, but customs agents at the Port of Los Angeles sei…

Martha Stewart Takes the Stand in Macy’s Lawsuit

Martha Stewart Takes the Stand in Macy’s Lawsuit

David Handschuh/Pool via Bloomberg(NEW YORK) — Even in court Martha Stewart never fails to make an impression.Stewart, who referred to herself as an “uber-designer,” testified Tuesday in State Supreme Court in Manhattan wearing a short, l…

Inside Organized Retail Crime Raids

Inside Organized Retail Crime Raids

iStockphoto/Thinkstock(NEW YORK) — We used to call it shoplifting, but these days the foot soldiers of retail crime rings are known as boosters. Police even have an acronym for these operations: ORC, which stands for Organized Retail Crime.”It’s just …

Walmart Blames Tax Increases for Poor Sales

Walmart Blames Tax Increases for Poor Sales

Justin Sullivan/Getty Images(NEW YORK) — Walmart is having the worst start to a sales month in seven years and top executives are blaming new payroll taxes for having a bad impact on their business, according to internal memos leaked to Bloomberg news…

Target to Launch Evening Wear Line with Top Hollywood Stylist

Target to Launch Evening Wear Line with Top Hollywood Stylist

Target(NEW YORK) — Starting this spring, you’ll have the opportunity to get your housewares and evening wear in the same place.  Target announced its newest designer collaboration Friday with top Hollywood stylist Kate Young.“I’…

Wrangler Introducing First-Ever Line of Moisturizing Jeans

Wrangler Introducing First-Ever Line of Moisturizing Jeans

Wrangler(LONDON) — They’re smooth, they’re silky and they promise to leave your legs feeling soft for days after you’ve worn them.We’re talking about Wrangler’s newest line of jeans. It’s called Spa Denim — jeans i…

December Retail Sales Top Forecast

December Retail Sales Top Forecast

Brand X Pictures/Thinkstock(NEW YORK) — Retail sales climbed 0.5 percent in December from November to $415.7 billion, the Commerce Department reported on Tuesday.  That beat the median of forecasters surveyed by Bloomberg News, who expected a 0.2…

Target to Match Prices of Online Competitors Year-Round

Target to Match Prices of Online Competitors Year-Round

Tim Boyle/Bloomberg via Getty Images(NEW YORK) — Stung by fierce competition from its online rivals, Target is now making a year-round pledge to match low prices customers find on identical products at other sites.In a press release Tuesday, the Minne…

Macy’s, Sears, Amazon, Max Studio Fined for ‘Bamboozling’ Customers

Macy’s, Sears, Amazon, Max Studio Fined for ‘Bamboozling’ Customers

Bloomberg News Photo by Diane Bondareff(NEW YORK) — Four national retailers have agreed to pay $1.26 million in penalties for falsely labeling clothing and textiles as made of bamboo, when they were actually made of rayon, a synthetic material.The Fed…

Sales at Shopping Centers Boomed in December

Sales at Shopping Centers Boomed in December

Sean Gallup/Getty Images(NEW YORK) — Depending on which figures you go by, the recently-completed holiday shopping season was either pretty good or pretty bad.Right after Christmas Day, MasterCard Inc.’s SpendingPulse unit reported holiday sales…

Eight Things That Will Cost More in 2013

Eight Things That Will Cost More in 2013

George Doyle/Stockbyte(NEW YORK) — Happy New Year! Your life just got more expensive.While Congress frets over the looming fiscal cliff and taxpayers brace themselves for higher tax rates, consumers should prepare for certain goods to become pricier i…

No Happy Spending for Retailers This Season

No Happy Spending for Retailers This Season

Sean Gallup/Getty Images(NEW YORK) — Retailers didn’t have the holiday shopping season they had expected in 2012, according to MasterCard Inc.’s SpendingPulse unit, mostly due to fears of the fiscal cliff and devastation wrought by Hurrica…

Holiday Sales Expectations Lowered

Holiday Sales Expectations Lowered

Sean Gallup/Getty Images(CHICAGO) — Unless everyone and their uncle suddenly rush out and spend on Monday like there’s no tomorrow, holiday sales will be off considerably from what was predicted earlier in the season.Chicago-based retail technology co…

Last-Minute Christmas Shopping Tips: What’s Open, What’s Available

Last-Minute Christmas Shopping Tips: What’s Open, What’s Available

Jupiterimages/Thinkstock(NEW YORK) — If you’ve waited until Monday — Christmas Eve — to do your Christmas shopping, all is not lost.  There are some stores that will be open well into the evening, and even others that will be open on Chri…

Retailers Prepare for Super Saturday

Retailers Prepare for Super Saturday

Jupiterimages/Thinkstock(CHICAGO) — Retailers are banking on last minute Christmas shoppers this weekend.  Stores like Toys R Us and Macy’s are extending hours. Many retailers are also rolling out last minute deals.Ryan Burrow from ABC News…

Last-Minute Christmas Shopping Deals

Last-Minute Christmas Shopping Deals

Sean Gallup/Getty Images(NEW YORK) — If you’ve left your Christmas shopping until the last minute, you may not find a mall parking spot this weekend, but you will find some great deals.Retailers are ready to slash prices, with across-the-board d…

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