Retail Industry News
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U.S. retail sales increase strongly in April
Retail sales increase 0.9% in April March retail sales gain raised to 1.4% from 0.7% Core retail rise 1.0%; March gain revised up to 1.1 WASHINGTON, May 17 (Reuters) - U.S. retail sales increased strongly in April as consumers bought motor vehicles…
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Beijing's retail, industry upended by COVID restrictions
BEIJING, May 17 (Reuters) - The economy of China's capital Beijing took a hit in April as authorities wrestled with a new COVID outbreak, telling residents to avoid going out or work from home and halting many businesses. Retail sales in the city…
Stock Futures Edge Up Ahead of Retail Sales Data
Stock futures gained ahead of monthly retail sales figures that will be watched for clues on consumer behavior during a period of soaring inflation. Futures on the S&P 500 rose 0.6% and Dow Jones Industrial Average futures gained 0.4%. The…
U.S. Retail Sales Grew in April as Inflation Stayed High, Economists Say
U.S. shoppers increased retail spending in April for the fourth straight month, economists say, as inflation held close to its highest level in four decades. Economists surveyed by The Wall Street Journal estimated that retail sales—a…
Mobile Retailer Enjoy Technology Eyes 'Strategic Alternatives' As Cash Dwindles
Enjoy Technology, a venture-backed mobile retail upstart that went public via SPAC last fall, announced it has “initiated a review of strategic alternatives” as it anticipates existing cash resources will not be enough to fund the…
Petrol retailers urged to pass on fuel duty cut - BBC News
The government has raised concerns that petrol retailers are not passing on the recent cut in fuel duty, after diesel prices hit another record high. Business Secretary Kwasi Kwarteng told petrol bosses the competition regulator is monitoring the…
Apple Reinstating Employee Mask Mandate at Approximately 100 U.S. Retail Stores
Apple retail employees at around 100 stores will need to go back to wearing a mask while working, according to Bloomberg 's Mark Gurman. Apple is mandating masks for employees again due to a rising number of COVID cases across the United States.
Markets, Oil, And Retail
Matt Miller and Paul Sweeney focus on market coverage as Wall Street begins its day, with analysis from Bloomberg Opinion writers, Bloomberg Intelligence analysts, and influential newsmakers. Matt Miller and Paul Sweeney focus on market coverage as…
The Biggest Challenges Facing Retailers Now
At the Retail Innovation Conference in Chicago last week, I participated in a discussion that zeroed in on the biggest problem in retail right now. Louise Hynd, SVP of Digital Wave Technology, put it this way: “The key is bringing physical…
Quebec fashion retailer Simons to open new location in Halifax
A Quebec retail store is set to expand to Halifax in 2024 as in-person shopping makes a comeback. Story continues below advertisement In what it describes as a “Canadian retail milestone,” Simons has announced it is opening its 17th…
Wall Street heads higher Tuesday as retailers report results
Wall Street was heading toward a strong open on Tuesday as investors took in another batch of earnings from retailers that could reveal how persistent inflation is impacting consumer spending. Futures for the S&P 500 jumped 1.5% while the same for…
Retail sales rise for the fourth straight month as prices keep climbing.
|Retail sales rise for the fourth straight month as prices keep climbing. https://www.nytimes.com/2022/05/17/business/retail-sales-april-inflation.html Continue reading the main story Gas prices cooled down slightly in April but were still at…
Beijing's retail, industry upended by COVID-19 restrictions
The economy of China's capital Beijing took a hit in April as authorities wrestled with a new COVID outbreak, telling residents to avoid going out or work from home and halting many businesses. Retail sales in the city of nearly 22 million people…
Modern Retail x Neighborhood Goods present: Future of Commerce Panel
Brands are constantly trying to cut through the noise. It's no longer enough to simply be online — they have to be in places ripe for discovery. Over the last few years, new strategies and platforms have emerged aiming to make brand…
Brisbane's Toombul Shopping Centre retailers have leases terminated by Mirvac after floods
Retailers and shoppers have been left devastated by developer Mirvac's cancellation of retail leases after Toombul Shopping Centre was flooded in February. One retailer says the news comes as a blow after a period without income, but would be worse…
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