Retail

Wal-Mart and Target: A tale of 2 discounters

By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - This holiday season, the biggest discount chains in the U.S. will tell the tale of two very different shoppers: those that have and those that have not. Wal-Mart Stores Inc., the world's largest retailer, on Thursday acknowledged that

Sears 3rd-quarter net loss widens

By MAE ANDERSONAP Retail Writer NEW YORK (AP) - Sears Holding Corp. said Thursday that its adjusted third-quarter loss narrowed, as the company pushed to turn around its ailing business. But sales in stores open at least one year continued to tumble in both its Kmart and Sears stores, and

Housing project where Supremes lived coming down

By COREY WILLIAMSAssociated Press DETROIT (AP) - A vacant Detroit housing project that was home to the Supremes before the talented trio struck gold with Motown is coming down. Demolition of the massive Frederick Douglass Homes - known to most Detroit residents as the Brewster projects - could

Stocks close lower after weak retail reports

By STEVE ROTHWELLAP Business Writer NEW YORK (AP) - Stock indexes closed lower Thursday, a third straight decline, after U.S. retailers issued weak forecasts for earnings and more people filed claims for unemployment benefits. Wal-Mart, Ross Stores and Limited Brands, the owner of Victoria'