Wal-Mart

Economists say shopping surge will continue

Economists say shopping surge will continue

Shoppers’ holiday-season splurge was likely a preview of what’s to come in 2011, and economists say it should embolden companies to expand and hire. Americans spent more in the 50 days before Christmas than analysts had expected — the sharpest annual increase since 2006. It’s the surest sign yet they’re becoming less frugal as the […]

A&P files for bankruptcy

A&P files for bankruptcy

The Great Atlantic & Pacific Tea Co., once the nation’s largest grocer, has filed for Chapter 11 bankruptcy protection as it struggles with enormous debt and increased competition from low-priced peers. The 151-year-old company, based in Montvale, N.J., operates 395 stores around the Northeast under the A&P, Waldbaum’s, The Food Emporium, Super Fresh, Pathmark and […]

‘Black Friday’ kicks off the Christmas season

‘Black Friday’ kicks off the Christmas season

After weeks of “Black Friday” sales pitches, the real thing is finally here. Retailers are ushering in the traditional kickoff of the U.S. holiday shopping season on Friday with expanded hours, deep discounts and online deals. Bargain-hungry shoppers are giving them a strong early turnout. The crescendo follows a weeks-long push to get shoppers to […]