Retail | featured news

Sears CEO Louis D'Ambrosio received a compensation package valued at $9.9 million last year, most of it in stock awards.

Walmart's 24-hour stores will start selling the least-expensive version of the new iPad at 12:01 a.m.

Stocks climbed to new heights in part on rosy retail sales data, pushing the broad market to levels last seen in June 2008 and the Nasdaq composite index past the 3,000 milestone for the first time since 2000.

Retail sales recorded their largest gain in five months in February as Americans snapped up motor vehicles and bought a range of goods even as they paid more for gasoline, government data showed on Tuesday.

Bloomberg reports that U.S. consumer confidence is almost back to pre-recession levels. But is that actually good news? Over at the Big Picture, James Bianco says it’s not clear why “consumer confidence” is a useful metric. It’s not correlated with jobs. Or retail sales.

Target Corp. is reporting a 5.2 percent drop in earnings for the fourth quarter, as the retailer pushed big discounts to get tight-fisted shoppers to buy during the holiday season.

Wal-Mart Stores Inc won over shoppers during the holiday season, with its Walmart U.S. division posting a 1.5 percent rise in sales at stores open at least a year.

U.S. retail sales rose less than expected in January as consumers cut back on car purchases and did less online shopping.

Best Buy wants to know if you'd pay $1,499 for a 42-inch, high-definition Apple TV which uses your iPad or iPhone as a remote control.

Retailers are throwing in extras such as free delivery and installation, offers to pay the sales tax and complimentary Blu-ray players and 3-D glasses to attract customers. Whether the New England Patriots or the New York Giants win the Super Bowl this weekend, television buyers will be the ones scoring big.