IKEA posts record profit as it entices cost-conscious shoppers

Customers walk near the entrance of an IKEA store in Dubai

IKEA Group, the world’s biggest furniture retailer, posted a record net profit on Wednesday for the 2011/12 year, helped by sales and market share growth as budget design enticed austerity-hit shoppers. Net profit at the privately-held Swedish firm, known the world over for low-price, self-assembly, flat-packed furniture, rose 8 percent More...

January 23rd, 2013
People push loaded shopping carts at a Walmart store, on Thanksgiving day in North Bergan
January 16th, 2013

Wal-Mart plans to hire 100,000 veterans over five years

Wal-Mart Stores Inc, the world’s largest retailer, said it plans to hire more than 100,000 veterans in the United States over the next five years, a move supported by First Lady Michelle Obama. Most More...

Tasha shops for toys at a Walmart Store in Chicago
January 15th, 2013

Wal-Mart says to buy more U.S. goods, add veterans’ jobs

Wal-Mart Stores Inc said on Tuesday it will buy an additional $50 billion in U.S.-made products over the next decade in such areas as sporting goods and high-end appliances in a bid to help boost the U.S. More...

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January 3rd, 2013

Starbucks to open first Vietnam store next month

Starbucks, the world’s biggest coffee-shop company, is set to open its first store in Vietnam next month as it continues expanding in Asia. The cafe will be in Ho Chi Minh City, the company said in More...

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December 27th, 2012

Dash ‘n’ grab! Police called in to control hordes as they run screaming through stores to splash out £3BILLION on bargains

Selfridges took £1.5m in first hour – most successful first 60 minutes ever Number of shoppers out across UK was up by a fifth compared to last year Boom has been fuelled by rich tourists from Middle More...

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December 26th, 2012

The New Black Friday Strategy Backfired On America’s Retailers

This year’s holiday retail numbers are uglier than anticipated. Growth came in at 0.7 percent — the weakest since 2008. The strategies that retailers used over the holidays didn’t convince enough More...

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December 26th, 2012

This Was Definitely Not A Merry Christmas For Retail

Here in Chicago, shopping for last minute holiday gifts, it was easy to spot a  trend that routinely presented itself in the checkout line.  At the cash  register, customers were, time and time again, using More...