Retail Industry News
A collection of Retail latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The Case For Unifying Telecom Retail Channels Under One Umbrella
Mushfig Aliyev is the chief commercial officer of Azerconnect Group. The telecom industry's approach to retail hasn't meaningfully changed for two decades. Operators run front offices, dealers push mobile devices and customers navigate between…
US retail sales beat expectations in May
US retail sales increased more than expected in May, but a slowdown is likely as the cushion from larger tax refunds against higher prices diminishes. SCROLL TO CONTINUE WITH CONTENT Retail sales jumped 0.9 percent last month after a downwardly…
US retail sales beat expectations in May as energy costs stay high
US retail sales surged past expectations in May, government data showed Wednesday, boosted by higher spending at gas stations as energy costs remained elevated amid fallout from the Middle East war. Sales were up 0.9 percent from April at $763.7…
Retail sales up a strong 0.9% in May, underscoring the resilience of the US consumer
NEW YORK (AP) — Shoppers stepped up their spending in May and surpassed expectations as temperatures warmed and gasoline prices leveled off. Retail sales rose 0.9%, up from a revised 0.4% gain in April, according to Commerce Department data…
Retail Sales Increase a Strong 0.9% in May - TT
A cashier checks out groceries at a store in Schaumburg, Ill. (Nam Y. Huh/AP/ File) U.S. retail sales rose 0.9% in May according to Commerce Department data, exceeding April's revised 0.4% gain as consumer spending strengthened. Broad-based gains…
Morningstar teams up with Wall Street firms to open private markets to retail investors
The wealth division of Morningstar has teamed up with Apollo Global Management, Franklin Templeton and J.P. Morgan Asset Management to launch a suite of portfolios that will give retail investors exposure to both private and public markets. SCROLL…
Injured Retail Employees Are Being Screwed at Every Turn
Bluesky “He might not be able to work here any longer.” These were the words that made me want to report on injury in the retail industry. I was working as a cashier in a supermarket when a manager commented casually that a…
Diverging Household Income Divides Retail Landscape
Surface economic metrics paint a reassuring picture of a resilient American market, but aggregate figures conceal a deep structural fracture along income lines. The conventional narrative is gone. A “K-shaped” consumer economy has…
Zelluna ASA: Contemplated Private Placement and Retail Offering to Strengthen its Position Ahead of Initial Clinical Data
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U.S. Retailers' Sales Growth Accelerated Last Month
Sales growth rose more than expected for U.S. retailers in May, as consumers continued to make purchases even as gasoline prices remained elevated. Retailers' sales grew by 0.9% last month to $763.7 billion, versus the 0.4% growth recorded in…
Credit Cards, Tax Refunds Fuel May Retail Sales
Consumers are turning to credit cards, their tax refunds and scrounging for coins under the couch cushions, but they still hit the stores and spent online last month even as high prices at the gas pump took their toll. IRL spending at apparel and…
Another major retailer gone as economic pain hits home
Major fashion retailer Glue Store, which posted an $8.4 million loss this year, has announced that it is shutting down. Its closure follows the collapse of a number of Australian retailers and coincides with a slowing of the economy. An economist…
Major retailer drops price of 'immersive' AirPods from £120 to £80 in flash deal
APPLE's latest AirPods 4 have dropped to £79.80 from £119 in an early Prime Day deal. It's one of the strongest Apple discounts I've spotted ahead of Amazon's major sales event, giving shoppers a chance to save before Prime Day gets…
Americans are still spending their tax refunds - for now, as retail sales jump in May
Shoppers stepped up their spending in May and surpassed expectations as temperatures warmed and gasoline prices cooled. Retail sales rose 0.9%, up from a revised 0.4% gain in April, according to new Commerce Department data released Wednesday.
Iran Nuclear Deal Risks Falling Short of Obama Version, US Retail Sales Rise, More
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