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  • Report: Some Safeway Shareholders Looking to Oust Chairman

    NEW YORK - A group of shareholders of Safeway Inc. plans to begin a campaign today to oust Chairman Steven Burd and two outside directors from the board, according to a report in the Wall Street Journal.

  • Survey: Consumer Spending Set for Modest Increase

    COLUMBUS, Ohio - The short-term outlook for consumer spending has improved -- if only modestly -- with the approach of spring and the arrival of tax refunds, according to results from the latest online Retail Forward Monthly Shopper Update Survey of 4,000 U.S. primary household shoppers.

  • Shopper Survey: Retail Upturn Expected in February

    COLUMBUS, Ohio - High-end retail stores did the best this Christmas, and consumer spending is expected to remain weak through January, according to a shopper survey conducted by the Retail Forward consulting firm here.

  • Dutch Pension Funds Protest Ahold C.E.O.'s Salary

    AMSTERDAM, Netherlands -- Two large Dutch pension funds, PGGM and ABP, have written to embattled supermarket retailer Royal Ahold NV protesting new c.e.o. Anders Moberg's remuneration package, according to a copy of a joint letter written by the two funds dated Tuesday.

  • Wal-Mart Reports Promising Back-To-School Sales

    BENTONVILLE, Ark. - Wal-Mart Stores Inc. on Monday said the back-to-school shopping season was off to a good start and it was on track to meet its August sales forecast. Food was among the retailer's best-selling categories.

  • Consumer Confidence Rises to 83.8

    NEW YORK - The New York-based Conference Board today said its Consumer Confidence Index rose to 83.8 in May from 81 in April. Analysts had projected an index reading of 84.

  • U.S. Consumer Spending Improved in March

    WASHINGTON -- U.S. consumers increased their spending in March at the fastest pace in three months as better weather and an uptick in income growth helped bring them back to shopping malls and car dealerships, Reuters reports.

  • Consumer Confidence Plunges

    NEW YORK - Consumer confidence plunged to its lowest level in nearly 10 years in February, the Conference Board reported on Tuesday.
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