Journalist, New York
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Dec 16, 2013

China shoppers ring luxury tills from London to New York

SHANGHAI/NEW YORK (Reuters) – Fang Ying’s December wish list of Louis Vuitton handbags and Chanel perfume is not only for Christmas. Fang, 33, a secretary working in Shanghai, writes one every month for friends and family travelling abroad.

Fang is not alone. Over two-thirds of luxury spending by mainland Chinese was made overseas in 2013, an increase from 2012, according to the China Luxury Market Study from consultancy firm Bain & Company released on Monday.

Dec 12, 2013

Exclusive: Penney shrinks top name brands as own labels take center stage

PLANO, Texas (Reuters) – J.C. Penney Co Inc (JCP.N: Quote, Profile, Research, Stock Buzz) is looking to the past to build its future.

After two years of declining sales, the department store chain is eliminating or trimming some high-profile brands introduced by former Chief Executive Officer Ron Johnson, including its own jcp menswear, Joe Fresh clothes and some Martha Stewart-designed home furnishings.

Dec 10, 2013

Wal-Mart taps insider to head international division

Dec 10 (Reuters) – Wal-Mart Stores Inc on Tuesday
said the head of its Canadian division would take over the
retailer’s international unit next year, succeeding Doug
McMillon, who was named CEO of the company last month.

David Cheesewright, who also runs Wal-Mart’s Europe, Middle
East and Africa (EMEA) operations, takes the job at a time when
Walmart International’s profitability lags that of the overall
company, and the unit is the focus of a costly bribery probe.

Dec 5, 2013

Analysis: Did smarter shopping kill Black Friday?

NEW YORK (Reuters) – Shopping at Walmart (WMT.N: Quote, Profile, Research, Stock Buzz) stores across the United States reached a fever pitch at 6 p.m. Thanksgiving Day, when employees across the United States ripped the plastic off doorbuster displays of heavily discounted merchandise.

Customers eliminated stacks of toasters, toys, fleeces and electronics in seconds, and videos of fights over objects as small as washcloths splashed across the news.

Dec 5, 2013

Did smarter shopping kill Black Friday?

NEW YORK, Dec 5 (Reuters) – Shopping at Walmart
stores across the United States reached a fever pitch at 6 p.m.
Thanksgiving Day, when employees across the United States ripped
the plastic off doorbuster displays of heavily discounted
merchandise.

Customers eliminated stacks of toasters, toys, fleeces and
electronics in seconds, and videos of fights over objects as
small as washcloths splashed across the news.

Dec 5, 2013

Bargain-hunting dents U.S. retailers’ November sales

NEW YORK, Dec 5 (Reuters) – Several major U.S. retailers
posted disappointing sales for November after cautious shoppers
pinched their pennies at the start of a shorter holiday season.

Some of the companies that reported sales gains ramped up
bargains to bring in shoppers who appeared hesitant to splurge.

Dec 3, 2013

Early deals dilute Thanksgiving weekend sales: ShopperTrak

By Phil Wahba

(Reuters) – U.S. retailers rolled out holiday promotions earlier in November this year, denting sales growth over the Thanksgiving weekend that typically marks the beginning of the holiday spending period, according to data released on Tuesday by ShopperTrak.

Online sales soared, lifted by the growing use of mobile devices to both browse and purchase items, benefiting e-commerce leaders Amazon.com Inc (AMZN.O: Quote, Profile, Research, Stock Buzz) and eBay Inc (EBAY.O: Quote, Profile, Research, Stock Buzz).

Dec 3, 2013

Early deals dilute U.S. Thanksgiving weekend sales -ShopperTrak

Dec 3 (Reuters) – U.S. retailers rolled out holiday
promotions earlier in November this year, denting sales growth
over the Thanksgiving weekend that typically marks the beginning
of the holiday spending period, according to data released on
Tuesday by ShopperTrak.

Online sales soared, lifted by the growing use of mobile
devices to both browse and purchase items, benefiting e-commerce
leaders Amazon.com Inc and eBay Inc.

Dec 3, 2013

‘Cyber Monday’ sales set to hit record as mobile grows

NEW YORK (Reuters) – U.S. online sales are expected to hit $2 billion (£1.2 billion) on “Cyber Monday,” for the first time since the data firm comScore began tracking such information.

Monday’s 20 percent increase is expected to come even after many consumers shopped earlier because retailers began offering online discounts on Sunday to compete with each other and online retail giant Amazon.com Inc.

Dec 2, 2013

‘Cyber Monday’ sales set to hit record: analysts

NEW YORK (Reuters) – U.S. online sales are expected to hit $2 billion on “Cyber Monday,” for the first time since the data firm comScore has been tracking such information.

A 20 percent increase is expected to come even after many consumers shopped earlier when retailers started offering their “Cyber Monday” deals on Sunday.

    • About Phil

      "Phil Wahba joined Reuters in 2008 and has covered the exchanges, equity capital markets (IPOs), corporate bankruptcies and now covers retailers such as department stores and booksellers."
      Joined Reuters:
      2008
      Languages:
      English, French, Spanish, German and Danish.
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