Jonathan Birchall

More US retailers report grim results

ft.com
19 hrs ago
        

Lowe's and Target, two of the largest US retailers, joined the long procession of stores reporting grim third-quarter results, as US consumers cut back on discretionary spending amid anxieties about the economy

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Free credit offer for Saks cardholders

ft.com
yesterday 9 related
        

By Jonathan Birchall in New York Saks Fifth Avenue, the US luxury department store chain, is offering established customers who spend more than $2,000 in a single shopping trip access to 12 months of interest-free credit, in a...

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JC Penney chief wants government action to boost consumer spending

ft.com
15-Nov-2008 4 related
        

By Jonathan Birchall in New York and James Politi in,Washington A leading US retail executive yesterday called for government action to boost consumer spending as figures showed a record fall in sales last month. "Obviously,...

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JC Penney warns after record fall in sales

ft.com
14-Nov-2008 3 related
        

By Jonathan Birchall in New York and James Politi in Washington A leading US retail executive on Friday called for government action to boost consumer spending as new figures showed a record fall in sales last month....

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Wal-Mart cash pile rises as it moves to reduce store expansion

ft.com
14-Nov-2008 94 related
        

By Jonathan Birchall in New York Wal-Mart, the world's largest retailer, reported a dramatic improvement in cash generation this year, reinforcing its ability to seize opportunities amid the current global economic turmoil. The...

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Wal-Mart cash pile mounts as it curbs expansion

ft.com
14-Nov-2008
        

By Jonathan Birchall in New York Wal-Mart reported a dramatic improvement in cash generation this year, reinforcing its ability to seize opportunities amid the global economic turmoil. The world's largest retailer said free...

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Kohl's and Nordstrom cut outlook

ft.com
13-Nov-2008 68 related
        

By Jonathan Birchall in New Year Kohl’s, the price-focused department store, and Nordstrom, purveyor of fashion and shoes to a more upmarket clientele, both cut their full year earnings forecasts on Thursday, illustrating the...

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'Seismic' drop in sales to hit Best Buy profits

ft.com
13-Nov-2008 151 related
        

By Jonathan Birchall in New York Best Buy, the largest US electronics retail chain, yesterday warned that a "seismic" drop in sales would hit its earnings, just three days after rival Circuit City filed for bankruptcy...

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Casualties mount as Wall Street credit crisis hits wider economy

ft.com
11-Nov-2008 8 related
        

By Francesco Guerrera and Jonathan Birchall in New York The credit storm swept through Wall Street and Main Street with renewed virulence yesterday as AIG and Fannie Mae reported huge losses, a leading US retailer filed for...

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Circuit City files for bankruptcy protection

ft.com
11-Nov-2008 436 related
        

By Jonathan Birchall in New York Circuit City, the electronics retailer, whose red and white signs are a familiar part of shopping malls across America, filed for bankruptcy protection yesterday, admitting it was struggling...

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