Us Retail Sector
Wall Street falls as growth stocks slide, Target weighs on retail shares
US retail sales flat in July; core sales rise; retailer Target's quarterly profit slumps
 "Wall Street falls as growth stocks slide, Target weighs on retail shares")
Top Headlines: Macy expenditure cut to hurt Indian IT cos, 5G auction Day 4
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
 "Top Headlines: Macy expenditure cut to hurt Indian IT cos, 5G auction Day 4")
Walmart forecasts profit above expectations as demand holds firm
Net revenue in Walmart's fourth-quarter showed a surprise 0.5% increase to $152.87 billion
 "Walmart forecasts profit above expectations as demand holds firm")
US retail sales rebound sharply to increase 3.8% in January: Govt data
December retail sales revised to show steeper decline; core retail sales jump 4.8%
 "US retail sales rebound sharply to increase 3.8% in January: Govt data")
Amazon plans to open large physical retail stores in US: Report
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
 "Amazon plans to open large physical retail stores in US: Report")
Brooks Brothers, clothier for 40 US presidents, files for bankruptcy
Brooks Brothers was one of the few national chains that produced its clothing in the US
 "Brooks Brothers, clothier for 40 US presidents, files for bankruptcy")
US retailers reinvent loyalty programs to fend off challenge from Amazon
Loyalty programs have long relied on a simple concept - reward shoppers with coupons, discounts, prizes or air miles and they will come back
 "US retailers reinvent loyalty programs to fend off challenge from Amazon")
US retail giant Sears files for bankruptcy, to close nearly 150 stores
Sears had been drowning in debt exceeding $5 billion and reportedly could not afford a $134 million repayment that had been due on Monday
 "US retail giant Sears files for bankruptcy, to close nearly 150 stores")
Investors are growing more worried about retail
American retailers have shed jobs on an annual basis for the first time since 2010
 "Investors are growing more worried about retail")
