US Retail Sector

US retail sales flat in July; core sales rise; retailer Target's quarterly profit slumps

Macy's has informed its tech vendors of a 10-15 per cent cut in the IT budget for this year amid fears of a recession, a move that may hurt IT companies. Read more on this in our top headlines

Net revenue in Walmart's fourth-quarter showed a surprise 0.5% increase to $152.87 billion

December retail sales revised to show steeper decline; core retail sales jump 4.8%

The first stores are expected to be located in Ohio and California and will be about 30,000 square feet in size, which would be smaller than the typical department store

Brooks Brothers was one of the few national chains that produced its clothing in the US

Loyalty programs have long relied on a simple concept - reward shoppers with coupons, discounts, prizes or air miles and they will come back

Sears had been drowning in debt exceeding $5 billion and reportedly could not afford a $134 million repayment that had been due on Monday

American retailers have shed jobs on an annual basis for the first time since 2010