Mexican billionaire Carlos Slim, through his Inmobiliaria Carso SA investment fund, spent $8.8 million to up his stake in Saks, according to Bloomberg.
Ikea said Tuesday that it has officially powered up its solar energy installation at its 198,000-sq.-ft. store in San Diego.
Best Buy, Sears and Target ranked as the top three cross-channel performers in a study by CrossView, a provider of cross-channel commerce solutions.
Global Bay Mobile Technologies, a provider of mobile retail software, announced the deployment of its iPad Retailing solution in 300 Pacific Sunwear stores nationwide.
Andronico's Community Markets has filed for Chapter 11 bankruptcy protection.
Guess said Tuesday that it will open a new store in November at Pacific Place shopping center, in downtown Seattle.
Organic grocer Sunflower Farmers Market said Monday that it will open a second location in San Jose in 2012, the company’s fourth in the Bay Area.
Former Duane Reade CEO Tony Cuti was sentenced on Monday to three years in prison in connection with accounting fraud at the New York-based drug store chain.
Williams-Sonoma reported Tuesday that profit for the second quarter surged 28% to $39 million, citing online strength and international sales for the improved performance.
Gap said Tuesday it plans to open stores in both Vietnam and Guam as part of the retailer’s efforts to ramp up overseas expansion.