Reuters: Consumer Products & Retail News

UPDATE 3-J.C. Penney raises earnings view; shares up

Fri, 13 Nov 2009 17:56:50 +0000

NEW YORK, Nov 13 (Reuters) - U.S. department store operator J.C. Penney Co Inc forecast earnings for the holiday quarter that could surpass Wall Street expectations, and its shares rose 7.2 percent on Friday.

WRAPUP 3-Dollar General, rue21 IPOs make strong debuts

Fri, 13 Nov 2009 22:04:41 +0000

* Dollar General may become largest U.S. retail IPO ever

ANALYSIS-Lean holiday inventories could spur retail chase

Fri, 13 Nov 2009 17:18:00 +0000

SAN FRANCISCO, Sept 13 (Reuters) - U.S. sales of video games and hardware jumped 46 percent in August from a year earlier, with Microsoft Corp seeing sales of its Xbox 360 console shoot up after a price cut.

UPDATE 2-Union and grocers in pact; Arizona strike averted

Fri, 13 Nov 2009 13:58:14 +0000

* Deal averts Arizona strike that had been set for Friday

PREVIEW-Ahold, Tesco to highlight growth ambitions

Fri, 13 Nov 2009 15:36:33 +0000

* Q3 operating profit seen up 3.4 pct, cost cuts expected * Tesco retail services seminars on Nov. 19-20

UPDATE 3-Richemont taps Rupert for CEO as watch sector mends

Fri, 13 Nov 2009 11:02:33 +0000

* H1 operating profit 390 mln eur vs 333 mln eur forecast

UPDATE 2-Wal-Mart helps apparel suppliers secure financing

Fri, 13 Nov 2009 21:32:32 +0000

SAN FRANCISCO/LOS ANGELES, Nov 13 (Reuters) - Wal-Mart Stores Inc is helping "well over 1,000" of its apparel suppliers secure financing based on the strength of its own credit rating.

DEALTALK-Kraft seen saving Cadbury sweetener for end-game

Fri, 13 Nov 2009 14:11:07 +0000

LONDON, Nov 13 (Reuters) - Warren Buffett's warning to Kraft over using its undervalued stock to bid for Cadbury may return to haunt Irene Rosenfeld as the Kraft CEO ponders an increased bid to win over the British confectioner.

Volkswagen to continue business with Magna -paper

Fri, 13 Nov 2009 08:08:42 +0000

FRANKFURT, Nov 13 (Reuters) - German carmaker Volkswagen has dropped a threat to stop awarding contracts to Magna after the Canadian auto supplier failed to buy rival carmaker Opel.

New Saab owner to terminate 81 U.S. dealerships

Fri, 13 Nov 2009 14:57:33 +0000

DETROIT, Nov 13 (Reuters) - Swedish carmaker Koenigsegg will terminate more than a third of U.S. Saab dealers when it completes its purchase of the premium brand from General Motors Co [GM.UL], GM said in a letter to dealers on Thursday.