For years, publishers could count on bored shoppers waiting in the checkout line to pick up a magazine, get engrossed in an article, and toss it into their cart alongside the milk and eggs. Then came “mobile blinders.”
While Tim Cook has dropped hints that Apple Inc. is hard at work on a television to drive the next era of growth, the company’s wristwatch-style device, still in development, may prove more profitable.
U.S. retailers expecting to ring up sales in the days after Christmas may have to intensify discounts after a snowstorm slammed the East Coast yesterday, disrupting one of the busiest shopping days of the year.
Target Corp. took some flak for opening stores on Thanksgiving because doing so would give employees less celebrating time with their families. Still, the 9 p.m. start attracted more parents and their kids.
Dave Murphy , president and chief operating officer of Red Wing Shoe Co., got hearty applause when he announced record earnings for 2010 -- $448 million, up 12 percent from 2009 -- at this year’s shareholder meeting in Red Wing, Minn. But the announcement that got the roughly 150 shareholders out of their seats for a standing ovation was not about dividends or returns. It was the 315 employees the company hired in 2010, bringing head count close to 2,200 today.
Limited Brands Inc. and Macy’s Inc. posted November same-store sales that topped analysts’ estimates as Thanksgiving weekend deals drew record crowds, while stores that missed out on the shopping blitz trailed expectations.