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Online retailer Newegg files for $175 million IPO

Online retailer Newegg files for $175 million IPO

Internet retailer Newegg Inc. plans an initial public offering of stock worth up to $175 million, according to a filing with the Securities & Exchange Commission.

 

Maine worker discovers new hire is lost brother

Seven years into his tenure as a furniture mover for a local bedding retailer, Gary Nisbet was joined by a new colleague, Randy ...

 

Small retailers feel sharper pinch

Although the recession has been a struggle for all U.S. retailers, there is evidence that it has been especially difficult for the nation’s smaller, independent retailers.

 

Sears Swings to Loss on Charges

Sears Swings to Loss on Charges

Sears posted a $94 million loss on compensation and restructuring charges, widely missing expectations, as revenue fell.

 

Quarterly results from Target, Saks beat Wall Street

Retailers Target Corp and Saks Inc posted better-than-expected quarterly results on Tuesday as they clamped down on expenses and inventory to offset falling sales, sending shares higher.

 

U.S. Retail Sales Dipped in July

Retail sales unexpectedly fell 0.1% in July despite the debut of the government's "cash for clunkers" program. Separately, weekly jobless claims rose a bit.

 

Retail Sales Post Decline

Retail Sales Post Decline

Disappointing performance underscores concerns about the timing and durability of a recovery.

 

Wal-Mart Posts Flat Profit, Lower Sales

Wal-Mart's earnings were flat on lower same-store sales. The retail giant raised the low end of its fiscal-year outlook and plans to speed up cost-cutting measures.

 

Best Buy $9.99 TV Offer Was Too Good to Be True

Best Buy $9.99 TV Offer Was Too Good to Be True

The electronics retailer said it will not honor the $9.99 price posted Wednesday morning on its Web site for a 52-inch Samsung flat-screen TV.

 

July Remained Sluggish for Retailers

July Remained Sluggish for Retailers

Mall-based chains continue to be hit hardest as consumers focus on necessities, but the warehouse club operator Costco’s results also missed analyst estimates.

 

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