Survey says retail losses hit record $41.6 billion
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Retail theft and fraud cost U.S. retailers a record $41.6 billion last year, although the percent of sales the industry lost through activities like organized crime and employee theft remained almost flat, according to a survey released on Monday.
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Hurricane Frances cost Federated Department Stores Inc. about &#36;20 million in lost sales at Florida stores, the retailer said Tuesday.
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The business racked up nearly $1 billion in losses since 2001.
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U.S. retailers lost some $37.4 billion to theft last year, up about 20 percent from a year earlier, hurt by gangs of professional shoplifters, according to a survey released on Wednesday.
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Business & money: Retailer blames stayaway shoppers and fierce discounting by rivals for decline in sales
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Two days ago, stocks raced to record highs  on reports of strong June retail sales. Yesterday, the news cycle did an about-face as June retail sales were described as "crashing" and "plunging" in a record drop.
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Assets of the nation's retail money market mutual funds fell by $1.06 billion in the latest week to $917.70 billion, the Investment Company Institute said Thursday.
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Assets of the nation&#39;s retail money market mutual funds fell by $4.03 billion in the latest week to $828.98 billion, the Investment Company Institute said Thursday.
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U.S. retail sales posted their biggest monthly decline in nearly two years during June, according to government data issued on Friday, indicating the housing market slump and soaring gasoline prices are depressing consumer spending.
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Retail sales in June posted their biggest drop in nearly two years, according to government data on Friday, indicating the housing slump and soaring gasoline costs are depressing consumer spending.
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Planned job cuts announced by employers hit an eight-month high of 107,863 in September, 41 percent more than a year ago, according to a monthly report released Tuesday by outplacement firm Challenger, Gray &amp; Christmas, Inc.
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A.M.D. reported a net loss of $396 million, larger than Wall Street expected, but sales were up 23 percent on strong personal-computer demand.
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Dollar General Corp., the largest US retailer by number of stores, plans to close more than 400 locations next year and record expenses of about $138 million following two straight quarters of falling profit.
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Company posts big loss amid a variety of problems that are "self-induced." It also expects an operating loss for the current quarter, which includes the holiday selling season.
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WASHINGTON - The federal deficit surged to a record $413 billion in 2004, the Treasury Department announced Thursday, injecting the figure into a presidential campaign in which the two parties have clashed over President Bush's management of the economy and the budget.    The number was a significant improvement from the shortfalls that analysts projected earlier this year, including a $521 billion estimate the Bush administration made in February...
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Consumer spending, the critical bulwark that has kept the country out of a recession, is showing signs of cracking. Retail sales plunged by 0.4 percent last month as consumers battered by a sinking housing market, rising unemployment and the credit crunch, handed retailers their worst Christmas in five years.
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The U.S. trade deficit surged to an all-time record of $764 billion in 2006, the Commerce Department said today, as high oil prices increased the nation's import bill and as American consumers continued loading up on products churned out in factories from China to Mexico.