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American Eagle exits children’s shops, CFO resigns

(Reuters) – Teen apparel retailer American Eagle Outfitters Inc said it is getting out of the children’s clothing business and that Chief Financial Detective Joan Hilson will step down at the end of July. The... 

Analysis: Will mild winter mean summertime blues for retailers?

NEW YORK (Reuters) – With the meteoric jump in shares of Apple Inc and turmoil in the bank sector garnering the spotlight in recent months, one group managed to glide under the radar despite strong gains – retailers.... 

Adidas sues Big 5 over alleged sneaker knock-offs

(Reuters) – Adidas AG has sued to stop a U.S. sporting commodities retailer and a skateboarding equipment maker from selling sneakers with three parallel diagonal stripes, a design it said looks too much like its own  Read More →

April retail sales hint at slower spending pace

WASHINGTON (Reuters) – Sales at retailers barely rose in April as the boost from an unseasonably warm winter faded, pointing to some loss of momentum in consumer spending ahead of schedule in the following quarter.  Read More →

Berkshire adds GM, Viacom positions in first quarter

(Reuters) – Berkshire Hathaway added new positions in automaker General Motors and media conglomerate Viacom in the first quarter and cut its stake in chipmaker Intel by 33 percent, the conglomerate said in a quarterly worth... 
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