S&P Downgrades Guitar Center Rating to CCC-
The rating agency says Guitar Center bondholders could receive less than par in a restructuring, which would amount to a "selective default."
Online Shoppers Spend at Record Holiday Pace
The shopping frenzy continued on Cyber Monday, with online sales expected to reach a record $6.6 billion.
Wal-Mart Heads Into Holidays on Sales Surge
Grocery categories delivered the strongest quarterly performance in nearly six years and e-commerce grew 50% in the third quarter.
Hurricanes Add $282M to Home Depot Sales
The retailer's same-store sales rose 7.9% in Q3 as hurricanes sent consumers to its stores in the South for rebuilding supplies.
E-Commerce to Power Walmart Sales in 2019
"No doubt we are in a transformational period of history. Our future is looking more digital," says CEO Doug McMillon.
Investors Uneasy Over Costco Profit Growth
The retailer's Q4 earnings beat estimates and same-store sales were up 6.1% but its shares dropped nearly 3% in after-market trading.
August Retail Sales Suggest Hurricane Impact
Sales unexpectedly fell 0.2% last month and economists are trimming GDP growth forecasts for Q3 because of the effects of Hurricane Harvey.
Wal-Mart Nabs Bonobos for $310M
The acquisition of the online retailer is the latest in a string of deals to bolster Wal-Mart's e-commerce strategy.
Best Buy Shares Rise 21% on Big Q1 Sales Beat
Same-store sales had been expected to decline but the 1.6% gain suggests Best Buy is competing effectively with Amazon.
Target Boosts Profit But Same-Store Sales Fall
"Target's not out of the woods, yet," a retail analyst says. "The road to improvement will be long."
Amazon Shrugs Off Cloud-Computing Rivals
Amazon Web Services, with $890 million in operating income, accounted for most of the company's overall profit and its sales rose 43% to $3.7 billion.