The National Retail Federation has revised a report released in April that pulls back the claim that organized retail crime accounts for nearly half of overall industry shrink, which measures overall loss in inventory, including theft.

Shares are mixed in Asia after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain.

Shares are mostly lower in Asia after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain.

Best Buy Co. posted stronger-than-expected profits, but reported a deeper-than-expected drop in revenue for the fiscal third quarter as shoppers continue to pull back on buying gadgets in an uncertain economy.

Nordstrom says its sales and profits fell in its fiscal second quarter, joining its department store peers coping with shoppers' cautious spending.

Thirty to 50 people swarmed Nordstrom at the Westfield Topanga Mall in Woodland Hills, making off with thousands' of dollars worth of luxury handbags and high-end clothing, an LAPD spokesman said.

Macy’s slashed its outlook for the entire year with sales weakening sales in the first quarter during an increasingly challenging economic environment, including stubbornly high inflation.

A suspect wanted in connection with a fatal shooting at the Mall of America in December was arrested in Georgia on Tuesday.

Police say a 19-year-old man was killed during a shooting at the Mall of America that sent frightened customers at the nation’s largest shopping center racing into a lockdown just before the holiday weekend.

The Nordstrom Anniversary Sale opens to the public this Friday, July 15 starting at 12:01 AM EST and runs through Sunday, July 31, with prices going back up on August 1.

Los Angeles police say a group of thieves smashed windows at a department store at a luxury mall.

Best Buy Co. has raising its full-year sales outlook after the nation’s largest consumer electronics chain posted fiscal second-quarter results that beat Wall Street’s projections.

The number of Americans applying for unemployment benefits fell for the sixth straight week as the U.S. economy reopens rapidly after being held back for months by the coronavirus pandemic.

Americans increased their spending by 0.5% in April, a slowdown after a massive gain in March which had been powered by distribution of billions of dollars in individual stimulus checks.