Target citing crime for closing stores shows retailers are fighting an uphill battle
Target's decision to close nine of its stores in major cities, citing persistent large-scale theft at those locations is the latest signal that retailers may be struggling in their battle to contain a growing and dangerous problem.
2023-09-28 02:59
Meta unveils Facebook-stream Ray-Bans, AI assistant
By Katie Paul and Anna Tong MENLO PARK, California (Reuters) -Meta Platforms Chief Executive Mark Zuckerberg on Wednesday rolled out
2023-09-28 02:28
Nike Air Jordan cachet tumbles on resale market. Is sneaker culture moving on?
By Katherine Masters NEW YORK When Nike reports its results for the key back-to-school shopping season on Thursday,
2023-09-28 02:27
Legal fog over central bank digital currencies "unacceptable", BIS warns
By Marc Jones LONDON Developing national digital currencies are at risk due to a lack of legal powers
2023-09-28 00:54
What happens when gas is sold 'at cost'? French drivers save pennies
Two of the largest retail chains in France have announced they will forego all profit on fuel sales, yielding to government pressure to sell gasoline and diesel at cost. The savings for motorists at the pump? $1 to $2 per tank.
2023-09-27 23:50
Casas Bahia executive quits as crisis deepens at Brazil retailer
SAO PAULO A top executive of Casas Bahia has decided to quit after less than five months on
2023-09-27 23:45
China Investor Gloom on Property Reaches Record, Survey Finds
A record share of Chinese investors plan to cut their allocation in property over the next year, a
2023-09-27 23:24
US Mortgage Rate Climbs to 22-Year High of 7.41%, Curbing Demand
US mortgage rates jumped last week to the highest level since 2000, taking a toll on already depressed
2023-09-27 19:59
Coal makes a quiet resurgence in the clean energy era
As momentum shifts toward clean energy, coal has had some unexpected staying power.
2023-09-27 19:49
Shopify invests in wholesale platform Faire
LONDON E-commerce giant Shopify is investing in wholesale platform Faire, the companies said on Wednesday, in a global
2023-09-27 18:49
H&M profits impress despite September sales slowdown
By Helen Reid STOCKHOLM (Reuters) -H&M reported a pick-up in quarterly profit margins on Wednesday, boosting optimism about its turnaround
2023-09-27 18:26
Unretirement: The lure to return to work
By Chris Taylor NEW YORK When Marc Matsil retired to Connecticut's bucolic northwest hills two years ago, fly
2023-09-27 18:20