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
The shipping company cuts its profit forecast, blaming the cost of extra measures it took to ensure deliveries were on time during the 2014 holiday season, and hinted it would start charging retailers more.
An industry group's survey estimates scammers making returns will cost retailers $3.6 billion this holiday season.
Earlier deals this year by large retailers severely damaged Black Friday as a shopping occasion, but also created other big problems for these stores.
Far Out Tech
One major retailer is testing out full-length dressing room mirrors that double as websites as tech invades yet another sphere of shopping.
A drop under $3 per gallon probably isn't enough to offset the rising cost of food.
The retailers are offering deeper and longer discounts this coming Black Friday, fighting to win a holiday neither can afford to lose.
The U.S. Postal Service will offer seven-day delivery this holiday season as it seeks to capitalize on e-commerce's growth and compete against UPS and FedEx.
The book seller says sales of its color tablets are down more than 30 percent.
Copyright © 2015 Entrepreneur Media, Inc. All rights reserved.
© 2015 Entrepreneur Media, Inc.