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Read MoreGreat Outdoors Group, LLC and Sportsman’s Warehouse Holdings, Inc. announcement Friday (December 3) through the Federal Trade Commission (FTC) that they cancel their proposed merger, which would have brought together two companies of outdoor sporting goods. Both companies specialize in hunting, shooting, fishing, camping and other outdoor equipment. “Following an 11-month in-depth investigation by...
Read MoreA person walks out of a Dollar General store in Mount Rainier, Maryland, United States on June 1, 2021. REUTERS / Erin Scott / File Photo Register now for FREE and unlimited access to reuters.com Register Dec. 2 (Reuters) – Dollar General Corp (DG.N) forecasted annual sales and profits well below expectations on Thursday...
Read MoreThe domestic industry’s woes extend beyond the consumer mask market. In recent months, the medical supply giants that serve the country’s major hospital systems have eagerly resumed purchasing low-cost protective equipment overseas. The companies, including McKesson, Henry Schein and Cardinal Health, have pressured the Biden administration to retain a tariff exemption on imported protective...
Read MorePlant-based meat is losing its enthusiasm, with falling sales in the United States clouding expectations that the nascent category would take a share of the actual animal meat market. In the four weeks leading up to Oct. 3, sales of plant-based meat substitutes fell 1.8% from the previous year, bringing a decline for 2021...
Read MoreBut this year’s Small Business Saturday promotion is unlikely to change the fortunes of independent stores in America, which have radically diverged from their biggest rivals. Small retailers have been squeezed out throughout the pandemic and are at a significant disadvantage in the face of the current supply chain crisis, rising inflation and a...
Read MoreReversing a loss of 0.15% from Wednesday, ASX200 rose 0.11% to end the day at 7,407.29. Bank stocks weighed on Thursday, while commodities and tech stocks provided support, with the rise coming on the back of modest US gains on Wednesday. Statistics Economic data was limited to new private CAPEX figures at the start...
Read MoreIn e-commerce, 2021 doesn’t look like it was just a few weeks ago. The industry is changing — again — and doing so quickly. Now, new predictions from the Digital Commerce 360 ​​research team show that 2021 will be an unprecedented year in e-commerce history. Last year, as the pandemic changed the retail landscape,...
Read MoreText size Despite their concerns about inflation, American consumers shop and continue to fuel economic activity. Spencer Platt / Getty Images Inflation makes consumers miserable. Judging from retail sales, it might not matter, just yet. But high inflation expectations are a warning worth heeding, potentially signaling slower economic growth to come. When the Commerce...
Read MoreRetail sales grew at the fastest pace since March in the United States. While it is beneficial for economic growth, excess spending is due to inflation. However, with the holiday season quickly approaching, retailers are hoping consumers will soon be flooding stores, both physical and online. In light of this, investors can choose funds...
Read MoreAfter spending nearly two full years battling the impact of COVID, The Macerich Co.’s third quarter numbers were “remarkable” thanks to demand from retailers. That’s according to CEO Tom O’Hern, during the REIT’s third quarter earnings call. O’Hern noted that buyers have come back with a vengeance as American consumers continue to shop for...
Read MoreThe local note traded mostly higher against a basket of major currencies, with the exception of the pound sterling where it had depreciated to 5.5847 / 5880 against 5.5794 / 5834 at yesterday’s close. . – Photo by Hari Anggara KUALA LUMPUR, November 16 – The ringgit opened slightly lower against the US dollar...
Read MoreSEOUL, Nov. 11 (Yonhap) – Retail sales in South Korea’s 15 provinces and major cities increased in the third quarter as people increased their outdoor activities as part of the vaccine rollout and the economic recovery, according to data released on Thursday. Retail sales, an indicator of private spending, increased in nine provinces and...
Read MoreHello and welcome to our continued coverage of the global economy, financial markets, euro area and business. The surge in risky asset prices this year has made them increasingly vulnerable to a drop if economic growth worsens, the pandemic escalates, or investors lose confidence. That’s the message from the US Federal Reserve, which is...
Read MoreRetail sales of small and medium-sized enterprises (SMEs) at constant prices grew 2.5% in October in the monthly comparison, while compared to the same month of 2020, the increase was 9.1% , as reported today by the Argentine Confederation of Medium Enterprises (CAME). Retail sales of small and medium-sized enterprises (SMEs) at constant prices...
Read MoreAverage UK house prices hit a record high of £ 270,000 as prices defied expectations of a slowdown after the stamp duty holiday ended. The Halifax home price index rose 8.1 percent in October from the same month last year, rising 7.4 percent the month before and marking the fastest pace since June. The...
Read MoreRetail sales volumes fell a record 4.4% in the September quarter as lockdowns from COVID-19 hampered trade in major states. The Australian Bureau of Statistics said NSW saw the largest drop in volume (11.6%) reflecting blockages in Greater Sydney and areas during this time. Economists’ forecasts had indicated a sharp 5% drop in spending...
Read MoreThe impact of the pandemic on the country’s economy will be a key factor in retail sales during the 2021 holiday season, but the National Retail Federation is nonetheless confident in its forecast for record growth, Jack Kleinhenz said today. , chief economist of the NRF. “There are several factors that combine to have...
Read MoreIn fiscal 2020 (ended March 31, 2021), many retailers saw their sales increase by 17% thanks to an increase in transaction size to $ 31 on average and a sharp increase in online orders, according to NGA and FMS Solutions. And while inflation was high and continues to climb, sales still gained 13.5% when...
Read MoreOn the macro It’s a busy week ahead on the economic calendar, with 58 statistics in the spotlight in the week ending 5e November. During the previous week, 56 statistics had been finalized. For the dollar: At the start of the week, PMIs in the manufacturing sector will spark interest. Expect ISM survey data...
Read MoreNew Braunfels continues to see a trend of a double-digit increase in sales tax revenue, compared to numbers depressed by last year’s pandemic, according to data from the Texas Comptroller’s Office. Sales tax revenue from August transactions received this month by the city increased by more than $ 900,000, or about 30.4%, from the...
Read More“Although mail and postal services have been the primary mode of distributing counterfeits regardless of the origin of the sale, 91% of all counterfeits sold online were seized by mail, while a significant portion counterfeits unrelated to online sales has been transported by express courier or air shipments. On October 25, the European Union...
Read MoreBentonville, Fayetteville, Rogers and Springdale cumulatively reported $ 8.095 million in sales tax revenue in the October report, up 19.5% from $ 6.771 million a year ago and 6.92 million. million dollars in the pre-COVID year of 2019. The revenue comes from the local sales tax collected by cities on sales of goods and...
Read MoreRetail sales in Britain fell for the fifth consecutive month, The Guardian reported. The 0.2% drop in September was unexpected, comes despite the removal of most pandemic-related restrictions, and marks the worst crisis since modern records began in 1996. The Office for National Statistics said sales volumes fell for household goods stores, drugstores, toy...
Read MoreStatistics It was a busier week on economic calendar, in the week ending 22sd October. A total of 61 statistics were monitored, up from 56 the week before. Of the 61 statistics, 26 are ahead of forecast, with 30 economic indicators below expectations. There were 5 stats that were in line with the week’s...
Read MoreUK businesses have been hit by record cost increases, with UK factories’ output growth almost at a standstill amid the supply chain crisis. Rising wages and the worsening global supply chain crisis have driven costs up at a record pace – input price inflation has reached the fastest rate since the index began in...
Read MoreNarvaez added that he would like future applications for cannabis for adult use to require city council approval, instead of requiring approval from the city’s only planning commission. “I support adult use. It’s not a question of whether or not we should ”Narvaez said.” For me, it’s about more detail in the transition to...
Read Morewe retail sales are forecast to increase 6.7% for the November-December holiday shopping season, a sharp slowdown from the 14% growth seen from the start of the year through September. This is according to Customer Growth Partners, which also reports that the 6.7% gain in sales from the 2021 holidays is lower than the...
Read MoreDespite lingering fears of the Delta variant of the coronavirus and festering supply chain issues, retail sales in the United States rose for the second consecutive month in September. This unexpected increase defies concerns about slowing consumer activity. Accumulated savings and rising wages have supported the rise in retail sales. With more people returning...
Read MoreOur monthly MoodyOnTheMarket.com analysis of nationwide retail sales is provided by the National Retail Federation, which advocates for retailers in Washington and across the country. Here is their latest review, dated October 15: Retail sales rose again in September, as concerns over the delta variant of COVID-19 pushed consumer spending toward merchandise rather than...
Read MoreIn today’s top retail news, the U.S. Department of Commerce says retail sales rose in September, although inflation may have something to do with it, as more traders might consider accepting cryptocurrency in the next few years. Additionally, Walmart is trying to expand its conversational commerce capabilities despite Amazon’s dominance, and Toyota is shifting...
Read MoreEarly in the day: It was a quieter start to the day on the economic calendar this morning. The Kiwi Dollar was in action this morning. For the Kiwi Dollar The Business PMI fell from 39.7 to 51.4 in September. In August, the PMI had tumbled from 62.4 to 39.7. According to September survey,...
Read MoreCITY OF ULSTER, NY – Members of City Council held a public hearing on Oct. 21 to remove state laws that would allow the retail sale of marijuana or the opening of cannabis salons. The meeting is scheduled for 7:10 p.m. at City Hall on Town Hall Drive. Supervisor James Quigley said a ruling...
Read MoreThis in a context where overall wine sales in the industry increased by 1%. According to Wine Australia 2021 Direct Consumer Wine Survey Report, Online and cellar door sales experienced the strongest growth in value of DTC channels in 2020-2021. The survey showed that the turnover of cellar door sales increased by 22%, while...
Read MoreText size The third quarter earnings season kicks off this week, with several major banks reporting. Economic data released this week includes the latest readings on US inflation and consumer and small business sentiment. JPMorgan Chase publishes its third quarter results on Wednesday, followed by Bank of America , Citigroup , Morgan stanley ,...
Read MoreToday’s Mortgage and Refinance Rates Average mortgage rates increased only slightly yesterday. But that was enough to bring them to their highest level since April. The good news is that these rates remain exceptionally low by almost any standard. Over the past 50 years, they’ve only been lower than they were last night for...
Read MoreTotal retail sales have been increasing each month, year over year, since September 2020, with consumer spending showing positive signs of recovery as the much-anticipated holiday season approaches. According to Mastercard ExpensesPulseMT, US retail sales excluding auto and gasoline increased 5.4% year-over-year in September and increased + 11.5% from September 2019. E-commerce sales continue...
Read MoreSTOCKHOLM, October 7, 2021 / PRNewswire / – FreedomPay, a leading consumer-centric commerce platform, today announced an integration with Klarna, world leader in retail banking, payment and purchasing services. Starting today, FreedomPay U.S. merchants can offer Klarna’s flexible, interest-free payment solutions at checkout in-store, maximizing sales and bringing additional ease and convenience to shoppers...
Read MoreTwo recent unanimous Massachusetts Supreme Court decisions confirm the supremacy of state marijuana laws over local zoning restrictions. The decisions also indicate a tendency by the Supreme Court of Justice to turn to the state’s policy of legalizing the sale of marijuana in the face of restrictive local orders. Both cases involve the same...
Read MoreWARSAW – No decision has been taken by village officials on whether or not to allow the sale of legalized marijuana. Under state law, cities, towns and villages have until December 31 to refuse to allow adult cannabis retail dispensaries or on-site consumption licenses in their jurisdictions. If nothing is done, they are automatically...
Read MoreDemand for elderberry and ashwagandha helped the herbal dietary supplement market reach record sales last year, with consumers turning to natural products marketed for conditions such as immune health and support. stress. For the first time, annual sales of herbal supplements in the United States have exceeded $ 10 billion, according to the Herbs...
Read MoreOnline retail sales have doubled in 18 months Consumer confidence; Final retail trade; Site gauge Retail trade fell 1.7% in August. Online spending increased 15.1%. Consumer confidence rose for the fourth week in a row, rising 0.9% to a 12-week high. Construction Performance rose 14.9 points to 53.3 points in September. Retail business •...
Read MoreMissouri Grows 5% From Record Medical Marijuana Sales In August The Department of Health and Seniors’ Services announced monthly medical marijuana program retail sales figures for September, October 1. The program broke the $ 100 million mark in cumulative and cumulative sales last month, posting a record $ 21.73 million in retail revenue in...
Read MoreThe marketing year that ended in June 2021 is unlike any other year the US potato industry has seen. With the ebb and flow of pandemic restrictions from June 2020 to July 2021, foodservice sales fluctuated while retail purchases remained extremely strong throughout the year. To help the industry understand the demand for domestically...
Read MoreBEACHWOOD, Ohio – (COMMERCIAL THREAD) – On October 1, 2021, Retail Value Inc. (NYSE: RVI) completed the sale of the previously announced portfolio of five continental United States properties for $ 264 million before closing costs, pro-rata and other adjustments of fencing. As a result of the transaction, the Company holds interests in three...
Read More“All eyes are watching closely the ability of buyers to stimulate the economy.” NRF Chief Economist Jack Kleinhenz WASHINGTON – Despite declining consumer confidence amid the recent surge in COVID-19 infections, shoppers continue to spend, Jack Kleinhenz, chief economist for the National Retail Federation, said today. “With consumer spending making up about two-thirds of...
Read MoreThe fourth quarter is upon us – the time of year when retailers can take advantage of their highest sales in the … year. This article shares the best tips for increasing retail sales this Christmas getty If you have a small business that sells products – online, offline, or a mix of...
Read MoreHONG KONG (Reuters) – Hong Kong retail sales increased for the seventh consecutive month in August, helped by the stabilization of the COVID-19 situation, an improving labor market and economic recovery and thanks to a coup inch of a consumer voucher system (CVS). Retail sales in August rose 11.9% from a year earlier to...
Read MoreScott Matuk – Murfreesboro, TN and Candra Mclaughlin – Mt. Juliet, TN BANKING NEWS – First Community Mortgage announces the promotion of two of its leaders in retail and transformation, starting October 1. Candra mclaughlin has been promoted to Senior Vice President of Retail Divisions, Regional Processing Managers, to Vice President of Regional Processing....
Read MoreNorway’s seasonally adjusted retail sales volume fell 3.8% from July to August, the latest data from Statistics Norway found. It follows a 3.1% drop from June to July. The pandemic and regulations imposed to limit infections have helped Norwegian consumers change their consumption patterns and spend less on services and more on retail products....
Read MoreBrokers who sell non-registered securities will be required to file with Finra the arguments they have presented to retail investors in addition to the documents describing the offer. The Financial Industry Regulatory Authority Inc. will require brokers to file retail communications – such as web pages, slideshows, summaries, teasers, fact sheets and investment briefs...
Read MoreCoronavirus closures have cost east coast retailers nearly $ 2 billion in sales, with warnings that a pre-Christmas increase could be slowed by remaining restrictions and buyer concerns over the contraction of COVID-19 in busy shopping centers. Data from the Australian Bureau of Statistics showed on Tuesday retail sales fell 1.7 percent through August,...
Read MoreRetail sales in Denmark fell for the third consecutive month in August, figures from Statistics Denmark showed on Monday. Retail sales fell 0.4 percent month-on-month in August. Sales of clothing and other goods increased 2.8% per month in August, and sales of food and groceries increased 0.5%. Meanwhile, sales of other consumables fell 1.8%....
Read MoreIn the second quarter (Q2) of 2021, the performance of the Retail Sales Index (RSI) in Brunei Darussalam continued to show an increase of 9.9% year-on-year with an estimated retail sales value of 464 , 5 BND. million. The Foodservices Index (F & BSI) also increased by 28.8% compared to the second quarter of...
Read MoreInvestors have high hopes in the upcoming report on the results of CarMax (NYSE: KMX). The used car retailer finds itself in the midst of a historically strong sales environment, with prices and demand for its products booming. We will know on Thursday whether CarMax has been able to take full advantage of these...
Read MoreWall Street is seeing some strength amid the lackluster performance from September so far. The easing of tensions related to the Chinese real estate market and the absence of any indication of an immediate move to reduce the bond purchase program and keep benchmark interest rates unchanged have supported the market recovery. Investors are...
Read MoreNow that the season has officially passed fall, can Christmas be far behind? While it may seem like we are rushing the seasons to many, in the world of retail there is a lot of planning and upfront work to be done before any Christmas merchandise is even on the show floor. . We...
Read MoreNATIONAL REPORT – A proposal to increase the federal excise tax on tobacco will not only impact the wallets of adult consumers. This will impact everything from retail sales and tax revenues to the national economy as a whole. According to a study commissioned by National Association of Tobacco Shops (NATO) and compiled by...
Read MoreTRAVERSE CITY, Mich. (BRAIN) – After 44 years in the business, Bob and Kris McLain have sold McLain Cycle & Fitness to Specialized Bicycle Components. Specialized has not confirmed the purchase and declined to comment on the acquisition or other recent acquisitions. But industry sources tell BRAIN that the company has purchased, or is...
Read MoreCanadian retail sales fell 0.6% in July, beating expectations of a 1.2% drop, while a preliminary estimate showed a sales rebound of 2.1% in August. Global markets rallied after the US Federal Reserve confirmed its intention to start slowing down stimulus and shares of struggling real estate developer China Evergrande surged ahead of a...
Read MoreUSD / CAD is struggling to keep the rebound off the week’s low. The Fed’s tapering sparked the latest rally, but bullish pairs appear to be struggling with the details. Growth optimism, news from China favors oil buyers encouraging EIA inventory drawdown. Preliminary US Markit PMIs for September, Canadian retail sales for July will...
Read MoreAlmost a third of all digital retail transactions will be done through a physical brick-and-mortar location, as more online orders are connected to stores, according to a new study from Colliers. In 2020, just under 22% of digital sales were made through omnichannel methods. “This continuity has forced retailers to adapt their in-store operations...
Read MoreThe 2020 back-to-school shopping season was the worst in Sneakerology history. Children who attend classes virtually from home due to the COVID pandemic can do so barefoot if they choose. The owners of the 12-year-old business with two stores, in Manhasset and Greenvale, were hoping that the return of students to in-person classes in...
Read MoreWhile economists expected the resurgence of COVID-19 cases and supply chain bottlenecks to affect consumer activity and retail sales last month, a rebound in the activity due to back-to-school purchases and strong sales in most regions resulted in a positive surprise. Globally retail sales in August rose 0.7% Seasonally adjusted from July against the...
Read MoreRetail sales in the United States unexpectedly rose in August from a decline the month before, bolstering economists’ confidence that consumer spending growth will continue for the remainder of the year. “Despite the risks to the economic outlook due to the delta variant and rising inflation, consumers seem to be on...
Read MoreMST Marquee estimates that online sales will grow at a compound annual rate (CAGR) of 9% over the next decade (13% in food and alcoholic beverages), while in-store sales are expected to increase by 3%, and the costs per store are also expected to grow by 3 percent. “Mature retailers cannot afford to open...
Read MoreSep 19, 2021 VISITORS AT a large supermarket in America these days could be forgiven for feeling disoriented. From one point of view, all-American consumerism shows up as it normally does: crowds of people struggling to steer overflowing carts in a straight line. Retail sales (excluding cars) increased at a seasonally adjusted rate of...
Read MoreGold and silver prices both experienced virtual collapse after the release of a US Census Bureau report detailing monthly sales of retail and restaurant services in August 2021. The report indicated a consumer spending increase of 0.7%, totaling sales of $ 618.7 billion. The report states that “the anticipated estimates of retail sales and...
Read MoreOil price drops as US production picks up After five straight sessions of increases, crude oil prices fell today as several energy companies restarted production. It has been reported that following recent hurricanes in the region, some companies in the Gulf of Mexico in the United States have halted operations. Many believe this has...
Read MoreThe offices of the London Stock Exchange Group can be seen in the City of London, Great Britain on December 29, 2017. REUTERS / Toby Melville / File Photo Miners down on iron ore weakness Airlines take advantage of prospect of relaxing travel rules FTSE 100 down 1.2%, FTSE 250 down 0.2% September 17...
Read MoreRetail sales in the United States rebounded in August after falling sharply in July. Strong consumer spending defying the spread of the Delta variant of the coronavirus surprised many financial experts. The positive momentum is expected to continue as several market researchers predicted strong holiday retail sales this year. Strong retail sales in August...
Read MoreEarly in the day: It was a quiet start to the day on the economic calendar this morning. The Kiwi dollar was back in action this morning. For the Kiwi Dollar Business PMI figures were the focus of the early hours. In August, the Business PMI fell from 62.6 to 40.1. The PMI fell...
Read MoreAsia-Pacific equity news Sign up for myFT Daily Digest to be the first to know about Asia-Pacific stock news. US stocks and government bonds slipped Thursday after stronger-than-expected US retail sales data raised hopes that the Federal Reserve would soon begin to dampen its stimulus efforts. The blue-chip Wall Street indices, the S&P 500...
Read MoreThe USD / JPY extends yesterday’s lull and remains muted on Thursday. The US dollar index slips below 92.50, still recovering from colder-than-expected US inflation data. The Japanese yen is benefiting from its appeal as a safe haven against a backdrop of declining investor risk appetite. The USD / JPY fell slightly on Thursday...
Read MoreAmazon, Walmart, Walgreens, and third-party grocery stores like Instacart are investing in micro-fulfillment centers to speed delivery times, lower last mile costs, and bring products closer to consumers. The investment comes as e-commerce sales are expected to reach around 35% of total sales by 2023, according to Edge Retail Insight, a subsidiary of Ascential....
Read MorePeople walk past a GameStop store in Brooklyn on January 28, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images Video game retailer GameStop said on Wednesday that its second-quarter loss had narrowed as sales rose from a year ago. The retailer also said the U.S. Securities and Exchange...
Read MoreWritten by BT / MTI Retail sales in Hungary rose 2.5% per year in July, or 3.0% after adjusting for calendar year effects, according to preliminary data released by the Central Statistical Office (KSH) on Friday. . The increase slowed to 6.2 percent in the previous month. Retail sales have grown for four consecutive...
Read MoreOLYMPIA, Wash. – September 1, 2021 – The first quarter of 2021 saw a rebound in taxable retail sales statewide from the first quarter of 2020, reaching $ 46 billion, thanks to strong sales of new automobiles and cars. opportunity and a healthy resumption of construction. Retailing, a subset of all taxable retail sales...
Read MoreFREEPORT, Ill. (WIFR) – A bill drafted by State Representative Andrew Chesney (R-Freeport) to ban pet stores from selling puppy mills was signed by Governor Pritzker on Friday. Representative Chesney passed this law to end the sale of commercially bred puppies to retailers over objections and protests from puppy mill advocates. “One of the...
Read MoreShoe retailer Hotter reported increased sales amid an overall decline in UK retailing and the weakest performance since stores reopened in April, new figures show. The Office for National Statistics (ONS) said retail sales volume fell 2.5% between June and July 2021. However, Hotter, which has more than four million customers worldwide, said sales...
Read MoreAugust retailing has so far seen sales drop 1.5% from last month, according to ONS figures. In July, sales increased 3.9% from June. “After the Euro 2020-related increase in June, retail sales fell in July to their lowest level since stores reopened in April, but still remain well above pre-pandemic levels.” said Jonathan Athow,...
Read MoreCanadian retail sales rebounded strongly in June as consumers flocked to physical stores after a long period of closures linked to the pandemic. However, preliminary data for July suggests the momentum may only be temporary. Retail sales jumped 4.2% to $ 56.2 billion in June, according to Statistics Canada, as activity increased in eight...
Read MoreThe Village of Lindenhurst is trying to gauge residents’ views on retail and recreational marijuana use sites using an online survey, but the mayor says that may not suffice. The village launched the investigation on August 10 in anticipation of having to decide whether to opt out of the state’s new marijuana law, which...
Read MoreThe product (SRP $ 5.99 / 14oz pack) – rolled out at major chains including Kroger, King Soopers, Safeway, Albertsons, Wegmans, Stop & Shop, Hannaford, Shoprite and Sprouts – is made with protein concentrate soybean as the main ingredient, and contains the company’s flagship ingredient, soy leghemoglobin, a protein that carries the iron-containing molecule...
Read MoreTyson meat products are shown in this photo illustration in Encinitas, Calif., May 29, 2014. REUTERS / Mike Blake Aug. 9 (Reuters) – Tyson Foods Inc (TSN.N) cannot raise the prices of chicken and prepared foods fast enough to keep pace with rising costs of raw materials like grains, the general manager said on...
Read MoreIn most places, August typically marks the end of summer and the official transition to school, which means lots of sales on end-of-season items from retailers like Walmart, Best buy and Target. The bulk of this month’s sales are focused on back to school, with many anticipating a return to in-person learning despite an...
Read MoreCost reigns supreme as the main factor for parents when deciding where to buy for back to school and two retailers far outweigh all the competition. Walmart ranked as the # 1 choice (63.6%) of parents for back-to-school shopping in JLL’s 2021 back-to-school shopping survey. Target came in second, at 57. 2%. Other top...
Read MoreOver the next few months, Manteca city council is expected to take strong action on two very polarizing issues – sales of marijuana to the homeless and retail – just as the race for Manteca’s next mayor kicks off. There are four candidates who have made it clear that they are running or are...
Read MoreAustralian dollar prolongs its rally The Australian dollar continues to impress and is in positive territory for a third day in a row. AUD / USD entered 74 territory earlier today before pulling back slightly. Australian dollar ignores drop in retail sales The news was not good for Australian retail sales, but the Aussie...
Read MoreTesla Inc (NASDAQ: TSLA) Experiments With New Selling Model In China And Moves Dealer Outlets From Expensive Malls To More Traditional Auto Shopping Districts, cnEVpost reported Tuesday, citing YiCai.com. Tesla reportedly intends to build traditional 4S store-style outlets in traditional auto shopping districts to strengthen vehicle display and after-sales service capabilities. What are 4S...
Read MorePhoto of a happy young shopkeeper using her cell phone while standing behind the counter in her boutique getty One of the most overlooked weapons in a retailer’s arsenal is not digital marketing or its assortment of merchandise, but is, in fact, the seller. Always considered the front-line workers in our industry, they are...
Read MoreBajaj Auto Ltd – one of the largest motorcycle manufacturers in the country – expects retail sales of motorcycles to improve in the second half of the year due to pent-up demand in the domestic market after the gradual easing of prices. regional restrictions. The company, however, expects wholesale shipments to remain below retail...
Read MoreThe number of new cases of COVID-19 is decreasing every 24 hours, and market traffic is increasing at the same time. This gives a boost to the economy ravaged by the pandemic. The government is basing its hopes on increased vaccination which it believes will boost the economy. Minister of State for Finance Pankaj...
Read MoreThe latest figures from Kantar show take-out grocery sales plummeted 5.1% and digital carts declined in the 12 weeks leading up to July 11, 2021. Despite this year-over-year decline, sales remain strong compared to pre-pandemic times and shoppers spent £ 3 billion more on groceries than during the same period in 2019. Commenting on...
Read MoreBOONTON – Legal cannabis sales – retail and wholesale – are coming to town. City council voted, 7-1, on Monday to approve these selected operations, limiting them to the commercial area along Myrtle Avenue (Route 202). Council members approved the order after a brief public discussion in which about six of 40 people present...
Read MoreRetail sales in the United States jumped up 0.6% in June compared to May and 18% compared to June of last year. Connect below as Stacey widlitz, Chairman of SW Retail Advisors, details June’s US retail sales figures and what they mean for the US economy. “I think what’s most interesting is that a...
Read More“We are seeing significant growth,” said Space 519 co-owner Lance Lawson. Photo courtesy of Space 519 Business at Chicago Gold Coast’s Space 519 boutique is so good the owner calls it the new “Roaring Twenties.” “People splurge on things that make them feel good,” says Lance Lawson, co-owner of the retail store with Jim...
Read MoreRetail sales rose in June, the Commerce Department reported on Friday, an unexpected jump as American consumers increased their spending on restaurants, clothing and gadgets. The value of all retail purchases rose 0.6% last month after declining 1.7% in May. Excluding automobiles, sales jumped 1.3% in June. The increase surprised Wall Street analysts, who...
Read MoreBeijing, July 17 (Xinhua) – Here are the highlights of China’s economic news from last week. GDP China’s gross domestic product (GDP) grew 12.7% year-on-year in the first half of 2021 due to a steady recovery, data from the National Bureau of Statistics (NBS) said on Thursday. According to NBS, that figure has averaged...
Read MoreTotal sales up 21% in four months to June 30 Exchanges over the past three weeks are more discreet Annual profit forecast in line with expectations Equities down 8.4% LONDON, July 15 (Reuters) – Online fashion retailer ASOS announced a 21% increase in sales in the four months to June 30, but said trading...
Read MorePaul Smith Group Holdings reported an 18% drop in revenue for the 12 months ended June 30 of last year as the pandemic wreaked havoc on the business. Prior to March 2020, the UK fashion brand’s revenue had “reflected annualized increases” – but very few fourth-quarter sales related to store closures caused revenue for...
Read MoreAfter COVID-19[female[feminine, clothing retail will never be the same again. The industry is facing one of its most aggressive transformations, driven by the skyrocketing growth in online sales, and is now ready to design its own strategies to keep up with the rising trend in e-commerce. Letters, conferences and more on hedge funds in...
Read MoreHilco Global and Gordon Brothers Group usually come into the picture when it’s time to open sales and roller shutter stores. A sign of how much the pandemic has turned retailing around, they have started to open them. The covid-19 crisis, which sparked a wave of retailer bankruptcies and nationwide closures, has swallowed up...
Read MoreThe retail industry is set to have its biggest back-to-school shopping season in at least five years, driven by parents and students who are ready to prepare for the in-person classroom experience after a year of virtual learning. Spending is expected to reach $ 32.5 billion, up 16% from 2020 and 17% from 2019,...
Read MoreDespite the pandemic, it appears the retail industry continues to grow. New figures from the National Retail Federation show retail sales increased by about 6.7% in 2020, well above the five-year average of 4.4%. Kenneth DeWees has owned Chile Traditions for 31 years, he said the pandemic was unlike anything his business has seen....
Read MoreAs shoppers gear up for the back-to-school sale and shop for new clothes for a year-round return to class in the weeks to come, one item might be missing in some stores: a physical locker room. Even as consumers resume shopping for clothes in stores, dressing rooms across the country remain closed, creating headaches...
Read MoreA latest publication from IMF on the Global Nasal Spray Market assesses opportunities and current market landscape, and provides detailed analysis and updates on corresponding sections affecting the market. The study offers in-depth insights into key market dynamics, which include drivers, restraints, trends, and opportunities in the market. The main objective of the market...
Read MoreA man reads job advertisements in a newspaper at a cafe in Sydney, Australia on May 9, 2016. REUTERS / David Gray / File Photo Job vacancies rise 3% in June, extend record Retail sales lead forecast with 0.4% increase Approvals to build new homes dip from historic highs SYDNEY, July 5 (Reuters) –...
Read MoreFortress-led group offer 254 pence a share At the top of the 230 pence CD&R proposal Some investors want 270 pence Morrisons says Fortress would be the appropriate owner Fortress says he’ll be a “good steward” LONDON, July 3 (Reuters) – Morrisons (MRW.L) has accepted a takeover led by Fortress Investment Group, owned by...
Read MoreCAZENOVIA – The village was scheduled to pull out of retail marijuana at Thursday night’s village board meeting, making it one of the first in the area. “All of the expert testimony we received at our public hearing last month was very categorical and advised us to step aside, using objective data to back...
Read MoreRetail sales in Hong Kong grew 10.5% in May 2021, and online sales saw a significant increase of over 50%, while the upcoming e-voucher program is expected to boost local consumer sentiment. According to the Department of Census and Statistics, the value of total retail sales in May 2021, tentatively estimated at HK $...
Read MoreConsumers may be giddy at how easy it is to return merchandise, but retailers aren’t laughing. Related Articles Retail returns have increased steadily in recent years for several reasons. First, consumers have migrated to online shopping, where color, fit and quality are not always accurately represented. Second, retailers are offering more generous return policies...
Read MoreAs the US economy continues on the road to recovery from the pandemic, the most resilient companies are rebounding and posting strong earnings reports. Companies such as lululemon athletics and Starbucks record strong results after sharp declines linked to the pandemic. But other businesses are still struggling as businesses due to lingering pandemic issues,...
Read MoreGroup revenue increased 9.9% to $ 14.3 billion for the full year, while sales, including invoiced sales, increased 10.1% to $ 16.4 billion, surpassing the $ 16 billion mark for the first time. Food sales fell 8% in March and April as Metcash went on a panic hoarding cycle during the height of the...
Read MoreThe all-new Subarus sat in an Auto Warehouse Co. parking lot in Richmond, Calif. Last year. This year, … dealers and customers are lining up for new cars. Getty Images Auto sales in the United States are still on the rise for the year, but the growth rate is expected to slow in...
Read MoreIn 2020, disruptions in the retail industry have caused a dramatic shift in consumer buying behavior, which we believe will continue this year. In the fourth quarter, searches in retail trade grew at a rate more than three times that of the fourth quarter of last year1, signifying a significant shift towards digital. Rapidly...
Read MoreWhen the front doors were closed to an industry that prides itself on relationships, members went digital.photo by Jean Schnobrich at Unsplash The past year has undoubtedly seen small businesses rise through adversity or prepare to survive. As CEO of Direct Selling Australia (DSA) 77% of our members are small and medium sized companies,...
Read MoreTORONTO – The main Canadian stock index suffered a slight loss mid-week as dismal retail sales figures cast a shadow over what are generally calm summer days for markets. The S & P / TSX Composite Index closed 36.26 points lower at 20,164. TORONTO – The main Canadian stock index suffered a slight loss...
Read MoreThere have been significant fluctuations in consumer spending on food during the COVID-19 pandemic, and a new US Department of Agriculture study seeks to identify trends related to these fluctuations. “In general, consumers have increased their spending on food at grocery stores (and other retail food establishments) and decreased their spending on food outside...
Read More(Update: video added, comments from Bend Fire and Rescue, OC residents) BEND, Ore. (KTVZ) – A classic July 4th tradition is set to return to central Oregon this week. And while experts advise caution, others are enthusiastic. “Well you get the fireworks because it makes everyone happy,” Bend resident Carina McCarthy said Monday. “I...
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