Keyword: retail

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  • Retail rebound: 2017 holiday sales reach $598 billion

    12/25/2017 6:34:47 PM PST · by eastforker · 19 replies
    CBS NEWS ^ | 12/25/2017 | JIM AXELROD
    NEW YORK -- Retailers are seeing plenty of green this holiday season. And it's not over yet. Records are falling as sales add up. "This is literally the best season since before the recession," business owner Craig Johnson said. Johnson's company, Customer Growth Partners, analyzes all things retail. He credits low unemployment and a booming stock market for this humbug-free holiday season. "The single biggest drive of retail sales is growth in real disposable income," he said. "And when real income goes up, people have money in their pocket and they're able to spend it."
  • The holidays were 'a big win' for struggling retailers as sales soared

    12/26/2017 9:22:00 AM PST · by E. Pluribus Unum · 9 replies
    Business Insider ^ | December 26,2017 | Dennis Green
    Retailers had strong sales for the holiday season. Black Friday and Super Saturday were the biggest days for overall spending. Numbers were boosted by a rise in electronics sales and online shopping. Retailers had a very happy holiday. Retail sales from November 1 through Christmas Eve were up 4.9% over last year, according to data from Mastercard SpendingPulse. That's the highest rate of growth since 2011. That number was given a strong boost by online sales, which were up 18.1% over the season. Much of this growth was due to the new ease of shopping online later in the season,...
  • TRUMP EFFECT: RECORD HOLIDAY SALES NEAR $600 BILLION; Expert: Spending Pace Not Seen Since...

    12/26/2017 7:23:08 AM PST · by blueyon · 50 replies
    The Gateway Pundit ^ | 12/25/1 | Kristinn Taylor
    """TRUMP EFFECT: RECORD HOLIDAY SALES NEAR $600 BILLION; Expert: Spending Pace Not Seen Since Great Recession"""" Retailers are reporting record holiday sales this season of $598 billion as of Christmas Eve, fueled by confidence in the pro-business, pro-jobs economic polices of President Donald Trump of cutting Obama-era regulations and enacting major tax cuts and reforms. Yet media reports by CBS, AP and the Wall Street Journal all failed to mention President Trump in their reports on the record sales. The Drudge Report however is leading Monday night with a photo and headline crediting Trump with the boom in sales over...
  • On this Christmas, The American Mall is Dying, is There Any Bringing it Back?

    12/25/2017 11:31:09 AM PST · by davikkm · 162 replies
    IWB ^ | Robert Carbery
    With the meteoric rise of online retail in the age of Amazon, consumers have continued to opt more for shopping on the Internet in their pajamas as opposed to running out and getting their shopping done in person. The malls hit their heyday in the 1990s and the U.S. has definitely overbuilt the amount of retail needed per person. The American mall is now fighting for its life. A typical large mall in the mid-1990s entailed 142 stores spanning about 1.2 million square feet, according to a Wall Street Journal analysis on 458 malls across the states. Many retailers have...
  • U.S. holiday shopping season surging towards a strong finish

    12/21/2017 9:58:56 AM PST · by Oldeconomybuyer · 33 replies
    Reuters ^ | December 21, 2017 | by Nandita Bose
    CHICAGO - A jump in consumer spending in the final stretch of December should build on a strong start to the U.S. holiday season and help the embattled retail industry beat sales forecasts, industry research groups said. The spending boost in December comes ahead of Super Saturday - the last Saturday before Christmas, which often sets the annual record for retail sales and is one of the busiest shopping days of the year along with Black Friday. First Data Corp, which collected data from point-of-sale systems of 1.3 million physical and online retailers, said strong demand for categories like electronics,...
  • Bell Ringer Beaten After Wishing Man ‘Merry Christmas’

    12/21/2017 7:49:25 AM PST · by Red Badger · 55 replies
    sacramento.cbslocal.com ^ | December 20, 2017 at 10:19 pm | By Jennifer McGraw
    ROSEVILLE (CBS13) — A Salvation Army bell ringer was attacked in front of Walmart for simply spreading holiday cheer. We’ve all heard it; the jingle that means it’s nearly Christmas and ringing in sounds of hope for donations. But not everyone is in the giving spirit. “I greet everybody, 'Merry Christmas,'” said Rev. Jamie Wolfe, Sr. Sadly, those two simple words got this bell ringer knocked out. “He haymakered me, hit me, got me down on the ground and we started wrestling, at that point I’m fighting for my life,” Wolfe Sr. said. The man wasn’t after the kettle money,...
  • Walmart is planning a store without cashiers

    12/21/2017 6:00:08 AM PST · by mykroar · 92 replies
    Axios.com ^ | 12/19/2017 | Christopher Matthews
    Walmart's NYC-based innovation center is experimenting with a cashier-less store concept called Project Kepler, which "aims to reimagine the in-store shopping experience with the help of technologies like computer vision," Recode reports. Project Kepler is in part aimed at creating a store that would feature no checkout lines or cashiers, but use computer vision to detect which products customers leave the store with and then charge their accounts accordingly. Why it matters: Amazon is also experimenting without cashiers, while roughly 3.5 million Americans operate cash registers for a living. Recode also reports that Walmart's new start-up subsidiary, called Code 8,...
  • Dollar Tree co-founder Macon Brock dead at 75

    12/15/2017 7:16:07 AM PST · by Red Badger · 39 replies
    wtop.com ^ | 12/13/2017 | Staff
    Macon Brock, a retailer who co-founded the Dollar Tree chain of discount stores that grew into a Fortune 500 company, has died. He was 75. News outlets report Brock died Saturday at his home in Virginia Beach. His wife said he died of complications from idiopathic pulmonary fibrosis, a lung disease. Brock was born and raised in Norfolk. In 1986, he and two others opened five stores called “Only $1.00” after having success in the retail toy business. The Chesapeake-based company changed its name to Dollar Tree in 1993. Brock and his wife made donations to colleges across Virginia, and...
  • US retail sales rose 0.8% in Nov, vs 0.3% increase expected

    12/14/2017 5:52:05 AM PST · by John W · 28 replies
    cnbc.com ^ | December 14, 2017 | CNBC
    U.S. retail sales increased more than expected in November as the holiday shopping season got off to a brisk start, pointing to sustained strength in the economy. The Commerce Department said on Thursday that retail sales rose 0.8 percent last month. Data for October was revised to show sales gaining 0.5 percent instead of the previously reported 0.2 percent rise.
  • Judge bars Starbucks from closing 77 failing Teavana stores

    12/03/2017 8:41:50 AM PST · by Maceman · 187 replies
    NY Post ^ | 12/01/2017 | Lisa Fickenscher
    An Indiana judge has taken an unusual step and temporarily barred Starbucks from closing 77 failing Teavana stores in Simon Property Group malls because the real estate giant was less able to handle the financial pain. Starbucks said in July it planned to shutter its 379-store Teavana operation — but Simon rushed to court to block 77 stores in its malls from going dark — claiming such a move by a high-profile tenant could spark other stores in its malls to close. Starbucks, after trying to turn around its stumbling tea chain, said last August it was pulling the plug...
  • ‘Antifa’ Gear No Longer Available on Walmart Website

    12/03/2017 6:57:06 AM PST · by Pollard · 12 replies
    breitbart ^ | 12/02/2017
    ‘Antifa’ clothing is no longer available on Walmart’s website as of Saturday afternoon. The clothing’s third-party manufacturer, TEE Bangers LLC, also appears to have pulled the line promoting the far-leftist group whose activities were “formally classified” by the Obama Administration “as domestic terrorist violence.” As recently as Saturday morning, Breitbart News reported that the mega-retailer was offering at least 13 different “made in Mexico” sweatshirts that would “[allow you to] express yourself inside the opposition to the ideology, organizations, governments and people from the far right (fascism).”
  • Walmart pulls "Rope. Tree. Journalist." T-shirt from site

    12/02/2017 10:20:49 AM PST · by Pollard · 14 replies
    cbs news ^ | 11/30/2017
    WASHINGTON - Walmart (WMT) has pulled a T-shirt offered by an outside seller from its online store after a journalist advocacy group told the retailer it found the shirt threatening. The shirt, listed on Walmart.com through third-party seller Teespring, said: "Rope. Tree. Journalist. SOME ASSEMBLY REQUIRED." "This item was sold by a third-party seller on our marketplace and clearly violates our policy," Walmart said. "We removed it as soon as it was brought to our attention, and are conducting a thorough review of the seller's assortment."
  • Off-Duty Police Officer Shoots and Kills Man Threatening Store

    11/26/2017 2:45:27 PM PST · by Kaslin · 63 replies
    Townhall.com ^ | November 26, | Timothy Meads
    The Lenexa, Kansas police department confirmed to KCTV5 today that they are investigating a shooting at a local Costco involving an off-duty police officer and an armed man. On Sunday afternoon, police received emergency calls that a man was threatening the store, pointing a gun at customers. But, when they arrived on the scene, the man was found dead. An off-duty police officer had shot and killed the suspect. The police did not release the name of the officer nor the deceased man. Witnesses described the scene. "You could hear from the front of the store," said one witness. "Was a bunch...
  • Huge Black Friday brawl inside mall as 'shopper throws shoe which hits baby'

    11/24/2017 4:52:35 AM PST · by SkyPilot · 61 replies
    Mirror ^ | 24 Nov 17 | Chris kitching,
    Huge Black Friday brawl inside mall as 'shopper throws shoe which hits baby' and women wrestle on floor Footage shows women punching and kicking each other as police try to break them apart before the entire mall is shut down Black Friday shoppers got into a huge brawl at a shopping mall as wild footage shows women wrestling on the floor and being handcuffed by police. Women were seen punching and kicking each other, while one allegedly threw a shoe that hit a baby. There were scenes of chaos as the women brawled and police and staff struggled to break...
  • Meet the Retail Worker of the Future: Cool, Charismatic, and Better Paid

    11/23/2017 7:24:37 PM PST · by 2ndDivisionVet · 12 replies
    Time Magazine ^ | November 10, 2017 | Kristen Bahler
    When you walk into the Madison Avenue Bonobos, don’t expect to walk out with anything. Sure, you can try on a pair of pants, or about a dozen different gingham work shirts, but when you pick your favorite, there’s no cashier to ring up your purchase, no line to stand in, nor shopping bags to haul it home. Instead, Joshua Jones—you call him Josh—swipes your card on his iPad and offers you a bottle of Perrier “for the road.” If you’re not in a rush, he’ll help you rank Jessica Alba movies, or chat about your upcoming vacation. Within a...
  • Walmart Is Now Selling High-Fashion Clothing Thanks to This Luxury Retailer

    11/15/2017 11:34:06 AM PST · by 2ndDivisionVet · 7 replies
    GKMen ^ | November 15, 2017 | Conrad Doyle
    As part of its plans to deliver luxury fashion, United States retail giant Walmart is to launch a dedicated online Lord & Taylor flagship store next year, offering premium fashion brands to its customers. The initiative announced Monday will start next spring. "Our goal is to create a premium fashion destination on Walmart.com", said the Head of Fashion for Walmart's U.S. E-commerce Division Denise Incandela in a statement to NBC. "We see customers on our site searching for higher-end items, and we are expanding our business online to focus on adding specialized and premium shopping experiences, starting with fashion", Incandela...
  • He fell while buying a watermelon; now Walmart must pay millions

    11/09/2017 11:00:13 AM PST · by simpson96 · 77 replies
    Wichita Eagle ^ | 11/8/2017 | Stan Finger
    He was buying a watermelon at Walmart when he fell. Now a jury in Alabama has awarded him more than $7 million. Henry Walker, a retired Army sergeant, got his foot caught in a wooden pallet as he was getting the watermelon at the Walmart store in Phenix City in July 2015, the Columbus Ledger-Enquirer reported. Walker fell and broke his foot and hip. The jury awarded him $2.5 million in compensatory damages and $5 million in punitive damages. “It was a fair verdict because Walmart just didn’t care,” said Charlie Gower, the lead attorney for Walker. “They should have...
  • Don't Be Fooled by These 3 Overhyped Trends

    10/17/2017 10:11:32 AM PDT · by SeekAndFind · 18 replies
    INC ^ | 10/17/2017 | Greg Satell
    The Gartner Hype Cycle shows a remarkably consistent pattern. A new technology is first ignored, then begins to show promise and expectations get inflated beyond any realistic assessment of value. That leads to disillusionment and the technology is almost forgotten until, some years later, it begins to make a true competitive impact.What makes the Hype Cycle so pervasive is that it is, essentially, a pattern based on our obsession with patterns and stories, which is so universal that there is a whole branch of mathematics devoted to it. Our love of patterns is so great, in fact, that once we...
  • The Chase for Amazon Will End in Tears

    10/08/2017 7:24:17 AM PDT · by Kaslin · 48 replies
    Townhall.com ^ | October 8, 2017 | Steve Chapman
    The mayors doing their utmost to get Amazon's second headquarters for their cities are having a grand time informing Jeff Bezos of everything they have to offer. They should enjoy this part of the chase because what comes next won't be much fun. They are about to get some insight into how the search for talent goes in Major League Baseball. St. Louis Cardinals general manager Michael Girsch noted the crucial moment in pursuing a coveted free agent player. "We sometimes call it your 'puke point,'" he told the St. Louis Post-Dispatch. "Sometimes you make an offer and you're not...
  • Walmart Testing Service That Stocks Your Fridge While You’re Not Home

    09/24/2017 5:39:35 AM PDT · by kevcol · 89 replies
    Daily Caller News Foundation ^ | September 23, 2017 | Gabrielle Okun
    Walmart announced Friday that it will begin testing a new service that allows employees to enter a customer’s home and stock their fridge, to alleviate the stress of shopping. The retail corporation is targeting busy families looking for a more convenient option for food delivery