retail

(Newser) -  Wal-Mart has withdrawn its controversial application for a bank charter, ending a potential foray into the retail bank market. The big-box retailer’s plans to set up its own bank had drawn fire from banking and consumer groups, who feared it would stifle competition. The company, for its part,...

(Newser) - Jerry Useem summarizes Apple’s unlikely rise as a retailer for Fortune. With sales at its New York store running a staggering $4,000 per square foot (50% higher than Tiffany’s), Apple is the best retailer in America.