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Wal-Mart has launched a website promoting its entry into New York City. The world's largest retailer currently has no stores there, and despite opposition from Local 1500 of the United Food and Commercial Workers union, has expressed interest in opening locations for the past several years.
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.
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.
Amazon said its third-generation Kindle is now the best-selling product in its history, taking the title from the book "Harry Potter and the Deathly Hallows," though the online retail giant didn't disclose the number of units sold.
American Eagle Outfitters has announced plans to open American Eagle Outfitters and Aerie by American Eagle stores in Japan. The first store is slated to open in Tokyo's Harajuku shopping district in the first half of 2012.