Lowe’s Cos. said Thursday it has acquired ATG Stores, an online retailer of home improvement and lifestyle products based in Kirkland, Wash.
The Conference Board report found that confidence among consumers rose to an eight-month high in December, increasing to 64.5 from a revised 55.2 reading in November.
After a slew of online orders were cancelled in November and December when Best Buy couldn’t keep up with demand, the company issued the following statement:
A report by the Wall Street Journal said that French retailer Carrefour SA has sold 97 supermarket sites to an investment company for $477 million.
The IBM Benchmark Report showed continued strength for online retailers.
Perfume and fragrance retailer Perfumania Holdings Inc. announced that it will acquire Parlux Fragrances Inc. in a deal valued at $170 million.
Stein Mart Inc. reported that its third-quarter loss widened after correcting for a computer problem that caused an error in prior results.
The National Retail Federation said it was pleased with the decision by federal regulators to allow truck drivers to continue driving 11 hours a day, but expressed concern over a new requirement for longer weekly breaks.