2021-12-07@12:31:54 GMT
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    A person wears a face mask while carrying shopping bags in Columbus Circle on November 28, 2020 in New York City.Noam Galai | Getty Images Holiday sales could exceed even the rosiest expectations for the major shopping season, according to the National Retail Federation. The major trade group's economist, Jack Kleinhenz, said Friday that spending...
    A person with a hand full of shopping bags walks by as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021.Jon Cherry | Reuters As Americans bought gifts during the peak Thanksgiving shopping weekend, the discovery of the omicron variant made headlines and prompted action by public...
    Two more Long Island municipalities will be opting out of offering legalized marijuana as New York gets set to go all-in on cannabis sales. Both the East Hampton Village and Town of East Hampton made it official that they will not permit the retail sale of marijuana within their jurisdictions, though officials left the door...
    You have undoubtedly heard about the difficulty in getting holiday gifts this year, due to supply chain problems. As a reminder, there have been problems with the global supply chain for some time, which were further exacerbated by trade conflicts. Then, when COVID hit, factories from China to South Korea to Germany were shut down...
    NEW YORK -- Black Friday doesn't carry the significance it once did for many US shoppers - blame the rise of online shopping holiday "Cyber Monday" and then Covid-19's impact on retail.But customers are still dishing out more money for clothing, electronics and other items this Black Friday as they return to visit stores in...
    New York (CNN Business)Black Friday doesn't carry the significance it once did for many US shoppers — blame the rise of online shopping holiday "Cyber Monday" and then Covid-19's impact on retail.But customers are still dishing out more money for clothing, electronics and other items this Black Friday as they return to visit stores in...
    In this article M FTCH Betsie Van der Meer | DigitalVision | Getty ImagesWith holiday shopping on my mind and Black Friday in plain sight, I'm laser-focused on the retail sector and its participation in my clients' investment portfolios. Last week was big for consumers: October retail sales numbers beat expectations, and we...
    New York (CNN Business)Store workers at major US chains are getting to spend Thanksgiving at home as more retailers decide to close their doors for the holiday. But not all retail staff will get the day off.Target (TGT) said Monday that it will close all of its stores on Thanksgiving every year from now, a...
              moreby Harry Wilmerding   U.S. retail sales increased in October as shoppers faced the largest price increase in 30 years entering the holiday season. Retail sales, a measure of how much consumers spent on goods, increased 1.7% in October, far exceeding September’s 0.7% figure, the U.S. Census Bureau reported Tuesday. Core sales, excluding autos, jumped 1.7% in October. The...
    A trader works on the floor of the New York Stock Exchange (NYSE), September 21, 2021.Brendan McDermid | Reuters Stock futures were flat in overnight trading Tuesday ahead of earnings reports from big-box retailers Target and Lowe's. Futures on the Dow Jones Industrial Average added 25 points. S&P 500 futures were little changed and Nasdaq...
    Americans largely shrugged off higher prices last month and stepped up their spending at retail stores and online, providing a boost to the economy. Retail sales rose 1.7 percent in October from September, a 16.3 percent increase from a year ago, the U.S. Commerce Department said Tuesday.  That's the biggest monthly gain since March and...
    Walmart reported higher sales in the third quarter of 2021 after the company raised prices and consumers continued to shop entering the holiday season. Comparable sales, a measure which includes U.S. stores and online outlets operating for at least 12 months, increased 9.2% in the third quarter of 2021 compared to the same period one...
    New York (CNN Business)Americans keep spending even as prices are spiking.That's good news for retailers heading into the holiday season, as well as for the economy as a whole, which runs on consumer spending.Adjusted for seasonal swings, US retail sales rose 1.7% in October compared to the previous month, the Census Bureau reported Tuesday. That...
    U.S. retail sales increased in October as shoppers faced the largest price increase in 30 years entering the holiday season. Retail sales, a measure of how much consumers spent on goods, increased 1.7% in October, far exceeding September’s 0.7% figure, the U.S. Census Bureau reported Tuesday. Core sales, excluding autos, jumped 1.7% in October. The...
    U.S. shoppers accelerated their level of spending in October even as the prices of goods jumped at their fastest pace since the 1990s, the Commerce Department reported Tuesday. Retail sales, a measure of how much consumers spent on goods ranging across categories from autos to sporting goods and food and gas, increased 1.7% for October,...
    WASHINGTON (AP) — Americans sharply boosted their spending last month, pushing up retail sales and giving the economy a lift. Much of the gain reflected the fact that shoppers are also paying higher prices. Retail sales rose a seasonally adjusted 1.7% in October from September, the U.S. Commerce Department said Tuesday. That’s up from 0.8%...
    WASHINGTON (AP) — US retail sales rise a healthy 1.7%, as Americans shrug off higher prices and spend more on appliances, cars and at home. Copyright © 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
    Pedestrians carry Macy's shopping bags in San Francisco, California, U.S., on Thursday, Sept. 16, 2021.David Paul Morris | Bloomberg | Getty Images Economists predict a boom in October's retail sales, aided by rising gasoline prices and early holiday shopping. Retail sales are expected to rise 1.5%, up from September's 0.7% gain, according to economists polled...
    A staff worker arranges vegetables at a supermarket at Congtai District on November 10, 2021 in Handan, Hebei Province of China.Li Hao | Visual China Group | Getty Images BEIJING — China's retail sales rose more than expected in October, the National Bureau of Statistics said Monday. October retail sales grew by 4.9% from a...
    In this article MThe entrances at Macy's are decorated with Christmas decorations on December 04, 2020 in New York City.Roy Rochlin | Getty Images Entertainment | Getty ImagesAs Macy's prepares to release its third quarter earnings on Nov. 18 ahead of retail's biggest season, the most pressing in the litany of investor questions will be:...
    In this article WRBY RVLV FTCH M Macy's Herald Square Flagship Department Store in Midtown Manhattan New York.Nicolas Economou | NurPhoto | Getty ImagesAn activist investor is pressuring Macy's to split its digital operations from its stores in a bid to unlock value at the 162-year-old department store chain. And while it might be...
    NEW YORK (AP) — The National Retail Federation, the nation’s largest retail trade group, expects that holiday sales gain could shatter last year’s record-breaking season even as snarled global supply chains slow the flow of goods and result in higher prices for a broad range of items. The trade group said Wednesday that it...
    Shoppers hold hands at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020.Mark Makela | Reuters Retailers will see eager holiday shoppers flock to their stores and websites even as some toys, clothes and other gift-giving items remain stuck at congested ports, according to a new forecast that cited rising household incomes...
    Claim: Transportation Secretary Pete Buttigieg sought to put a positive spin on inflation on Sunday by pointing out that retail sales were up a lot in September and record high imports of goods were responsible for stressed supply chains. Verdict: Misleading. A big part of that gain was simply consumers paying higher prices. Real sales,...
                      by Harry Wilmerding  U.S. retail sales increased in September, beating expectations amid growing inflation and supply chain disruptions, the U.S. Census Bureau reported Friday. Retail sales increased 0.7% in September, beating experts’ estimates of 0.2%, according to the Census Bureau report.  The number rose 0.8%, excluding auto sales,...
    In this article EL LEVI A Levi's logo on the window of a Levi Strauss & Co. store in London.Chris Ratcliffe | Bloomberg | Getty ImagesShoppers are doing more and more purchasing online amid the pandemic, and that has both companies and investors trying to best mix e-commerce and the traditional retail store business...
    New York (CNN Business)Prices on consumer goods are rising in the United States and tangled supply chains are making it harder for shoppers to always get exactly what they want. But these factors are not yet slowing down US shoppers.Consumers are still dishing out on sporting goods, clothing, furniture, and groceries and spending at bars...
    NEW YORK (AP) — Americans continued to spend at a solid clip in September despite rising prices and snarled global supply chains that are limiting the flow of goods. Retail sales rose a seasonally adjusted 0.7% in September from the month before, the U.S. Commerce Department said Friday. Sales at clothing and accessories stores...
    Consumers spent at a much faster pace than expected in September, defying expectation for a pullback, the Census Bureau reported Friday. Retail sales for the month increased 0.7%, against the Dow Jones estimate for a decline of 0.2%. Excluding auto-related sales, the number rose 0.8%, better than the 0.5% forecast. This is breaking news. Please...
    NEW YORK (AP) — Retail sales rise 0.7% in September despite higher prices and supply chain snarls that have slowed the flow of goods. Copyright © 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
    A look at some of the key business events and economic indicators upcoming this week: EYE ON INFLATION The Labor Department serves up its September reading of inflation at the consumer level Wednesday. Americans continue to face higher costs, reflected in sharp annual increases in the consumer price index going back to April. In August,...
    WALNUT CREEK (BCN) – The Walnut Creek City Council on Tuesday will consider allowing non-medical cannabis businesses to operate within the city. In 2018, the city adopted its own regulations for “personal and commercial cannabis activities,” according to a staff report for Tuesday’s meeting. The current ordinance allows for up to two non-storefront, delivery-only cannabis...
    West Virginians will be allowed to purchase liquor at retail stores starting at 6 a.m. thanks to a new law that went into effect last week. The legislation, which passed the General Assembly in a special session in June, changes the start time for liquor sales to 6 a.m. every day of the week, except...
    Three dismembered bodies, including a child, found in burning Texas dumpster California to replace alien with noncitizen, immigrant in state laws JAKARTA (Reuters) - Indonesian authorities are monitoring the financial market situation in China, finance minister Sri Mulyani Indrawati said on Thursday, and warned that property firm China Evergrande's debt woes could affect the...
                      by Thomas Catenacci  Retail sales unexpectedly increased last month despite continued challenges facing the economy as it recovers from the coronavirus pandemic. Sales ticked up 0.7% in August relative to July and totaled $618.7 billion, according to a Census Bureau report published Thursday. E-commerce, furniture, general merchandise,...
    Retail sales unexpectedly increased last month despite continued challenges facing the economy as it recovers from the coronavirus pandemic. Sales ticked up 0.7% in August relative to July and totaled $618.7 billion, according to a Census Bureau report published Thursday. E-commerce, furniture, general merchandise, building materials and energy purchases drove last month’s sales increase. Dow...
    NEW YORK (AP) — Despite a rise in COVID-19 cases, Americans kept shopping last month. Retail sales rose a seasonally adjusted 0.7% in August from the month before, the U.S. Commerce Department said Thursday. That uptick caught economists by surprise. They were looking for spending to decrease by 0.85%. But the delta variant has changed...
    NEW YORK (AP) — Retail sales rose 0.7% in August as more Americans shopped online amid COVID-19 surge. Copyright © 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
    Economists surveyed by Dow Jones expected retail sales to decline by 0.8% in August and for initial jobless claims to total 320,000 for the week ended Sept. 11. This is breaking news. Please check back here for updates. Become a smarter investor with CNBC Pro.Get stock picks, analyst calls, exclusive interviews and access to CNBC...
    London (CNN Business)Weary retailers continue to battle pandemic uncertainty as the Delta variant causes new spikes in coronavirus infections. But for now, at least, expectations for a merry holiday season remain intact.What's happening: Data published Thursday is expected to confirm that US retail sales declined for the second straight month in August.But new forecasts from...
    People walk outside the Taikoo Li Sanlitun mall in the Sanlitun shopping area on Aug. 31, 2021.Artyom Ivanov | TASS | Getty Images BEIJING — China's retail sales grew a disappointing 2.5% in August from a year ago as the country dealt with the worst outbreak of Covid-19 since its initial spread in early 2020....
    A look at some of the key business events and economic indicators upcoming this week: EYE ON INFLATION The Labor Department serves up its August reading of inflation at the consumer level Tuesday. Americans continue to face higher costs, reflected in sharp annual increases in the consumer price index going back to April. The July...
    In this article DECKHoka's sales surpassed those of its sister brand Ugg for the first time in Deckers' history, the company said when it reported its fiscal first-quarter results.Source: HokaSneaker brand Hoka, famous for its cushioned running shoes, is opening its first-ever retail locations Wednesday as it bets on bricks and mortar to help fuel...
    People did more drinking at home in the fiscal year that just ended, and that made up for a drop in initial sales to bars and restaurants for Virginia Alcoholic Beverage Control Authority liquor stores. The Virginia ABC’s unaudited draft financial results show gross revenue of $1.4 billion, up $163 million from fiscal year 2020....
    New York (CNN Business)Store closures in America are expected to drop to a five-year low in 2021-- but that's not exactly good news. The reason is that the industry, which has been hurt in recent years by a shift to online shopping, may have bottomed out last year, when closures were the highest on record....
    Tech and e-commerce giant Amazon reportedly plans to open multiple large physical stores across the United States that will operate similarly to department stores. Amazon is already the largest seller of clothing in the United States. The Wall Street Journal reports that Amazon plans to open multiple large physical retail locations in the United States similar to...