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Matthew Shay, president and CEO of the National Retail Federation, shares his outlook for the retail sector.
Google has launched a new version of Google Goggles that's faster and smarter than ever before. The new Goggles 1.3 client for Android can scan barcodes almost instantly. All versions of Goggles can now recognize print ads in popular magazines and newspapers.
One of the most impressive retail stories in the recession has been lululemon athletica, the Canadian seller of women's yoga and running apparel. The company raised guidance for the fourth quarter.
CVS has launched what it says is the first beauty club program for the chain drug trade class. The club is an extension of its ExtraCare loyalty card program. ExtraCare card holders who register for the ExtraCare Beauty Club receive additional rewards on beauty purchases andother beauty-specific benefits.
Unveiled at the National Retail Federation BIG Show in New York City, the magical spinning interactive adiVerse Virtual Footwear Wall potentially puts as many as 8,000 shoes at shoppers' fingertips in a futuristic mashup of e-commerce and the mall.
Amid disappointing sales and takeover rumors, BJ's Wholesale Club Inc. has shaken up management and unveiled plans to close five underperforming stores and restructure its home office and some field operations.
Best Buy is on the verge of an announcement that could shake up the retail industry, reports CNBC's Herb Greenberg.
The outlook for same-store sales continues the improvement trend begun in September, according to the December ForecastIQ. But with consumer confidence more than two points lower in December 2010 than December 2009, it's not certain if the continuing improvement trend will bring sustainable recovery.
Online sales have been of increasing importance to retailers as more and more people are deciding to shop online due to the convenience, as well as to take advantage of discounts and free shipping deals.
Nike is continuing its long run of impressive e-commerce growth: the footwear and apparel wholesalers/retailer reported its 15th consecutive quarter of double-digit online sales increases for the quarter that ended November 30, 2010.