Barnes & Noble stakeholder Liberty Media announced it would be shrinking its stake in the bookseller to about 10 percent of its initial investment. On top of the failure of the Nook e-reader and declining retail sales, can Barnes & Noble weather this latest bit of bad news?
RadioShack announced Tuesday it will shut down 1,100 stores. A less-than-hip image, an increasingly competitive mobile market, and foot traffic challenges contributed to sales dropping 20 percent from last year.
Experts have access to up-to-the-minute price and inventory information on the hottest toys, while parents do not. So tracking down a popular toy like the Furby Boom at a price that is right might take more monitoring of the toy market than expected.
Macy's job cuts announced Wednesday are part of a reorganization effort that will save the company $100 million annually. Besides the Macy's job cuts, it will close five stores. But Macy's will open eight others and add positions in online shopping.
Target says about 40 million credit and debit card accounts may have been affected. The breach involves customers who made purchases using their credit or debit cards at Target stores between Nov. 27 and Dec. 15.
Retail sales November posted their biggest gain in five months as US consumers ramped up spending on cars, appliances, furniture, and online purchases. The rise in retail sales bodes well for the rest of the holiday shopping season.