Holiday shoppers who wait until the 11th hour to get those gifts under the tree will be happy to hear that Kohl's will be open for 24 hours starting December 20 through Christmas Eve. The company announced its first-ever around-the-clock hours, a move that is sure to turn up the competition for the vital holiday season.
After years of rumors, Apple may have finally signed a deal with China Mobile that will see the iPhone sold on the world's largest carrier, sources close to the matter tell The Wall Street Journal.
According to a new study by retail tracking firm 360pi Corp, the idea of big savings on Black Friday might not be all its cracked up to be. The firm studied prices on more than 8,000 items leading up to, during and after Black Friday and found that aside from a small selection of doorbuster deals, the majority of retailers either held prices steady or raised average prices just in time for the crowds.
Dollar General Corp.'s fiscal third-quarter earnings rose a higher-than-expected 14 percent as the chain continues to attract cost-conscious shoppers.
Last month, Blockbuster announced that all of its stores in the U.S. would be closing. Now, the shut downs have spread across the pond where the company revealed it would be shuttering retail operations in the UK, too.
Blockbuster had been operating stores in the UK for 24 years, but as consumer demand continues moving to digital, the stores have been forced to close. Private-equity firm Gordon Brothers Europe sought to revive the brand after it bought the unprofitable U.K. chain from Moorfields Corporate Recovery, LLP in March. The turnaround effort did not work, causing the retailer to fall back into the hands of administrators last month. The company has attempted to find another buyer for the rental chain, but the search was unsuccessful.
For the second year in a row, Starbucks (Nasdaq: SBUX) is unveiling a limited edition, $450 metal gift card for the holidays. The card comes pre-loaded with $400, perfect for the coffee-lover (dare we say, fanatic?) on anyone's list. Like last year, the cards will be offered exclusively on Gilt.com starting tomorrow, Dec. 6. But act fast— this year, only 1,000 cards will be offered. Last year's 5,000 cards sold out in a mere six minutes.
The U.S. economy added a higher-than-expected 203,000 jobs in November, sending the unemployment rate to a 5-year low, the Bureau of Labor Statistics said on Friday, Dec. 6. The continuing payroll gains suggest the economy has picked up momentum very recently.
Despite crowded stores and the influx of activity that comes along with holiday shopping, a new study finds that Target, Macy's Best Buy and Nordstrom are tops when it comes to customer service during the busy year-end season. The study was conducted by ClickFox, an experience analytics firm.
A new study from Forrester found that more than 50 percent of U.S. adults consider themselves "green" consumers. In a survey, these customers indicated they are "interested" or "very interested" in buying green products or buying from brands that engage in green initiatives. This translates to roughly 90 million people in the U.S. alone.
J.C. Penney revealed that the U.S. Securities and Exchange Commission is investigating its liquidity, debt and other financial matters, including sales of company shares in September that the retailer is using to make store improvements.
Sears Holdings Corp. announced today, Dec. 6, that it will spin off its Lands' End clothing business as a separate company by distributing shares to its investors. The retailer expects the transaction to be tax-free for shareholders in the United States, except for any cash received in lieu of fractional shares.
From Our Sister Sites
H&M is pulling double duty in building up both its email and SMS databases with a new in-store initiative, which gives shoppers instant 10 percent off coupons in exchange for signing up for alerts from the retailer.H&M is passing out in-store marketing collateral that encourages consumers to sign up for the retailer's email newsletters via SMS.
Target, Kohl's, Walmart and other major U.S. retailers are using dedicated test labs in Silicon Valley to boost their customers' mobile shopping experience and improve their web sites.