retail News Updates

Business, Logistics

Can Grocery Stores Save the American Mall?

Between movie theaters, fitness centers and full-on amusement parks, American shopping malls have scrambled for years to attract new visitors to counter plummeting foot traffic. Even before the coronavirus struck, the concept of the mall — once so central to suburban life — was increasingly viewed as an anachronism.

August 19, 2022
Business

°®¶¹´«Ã½ Depot Posts Record Profit, Revenue

°®¶¹´«Ã½ Depot is seeing sustained demand for goods related to home improvement projects despite soaring prices and mortgage rates for homes.

August 16, 2022
Government, Business, Logistics

May Retail Sales Post Drop as Auto Purchases Plunge

U.S. retail sales fell in May for the first time in five months, restrained by a plunge in vehicle purchases and other big-ticket items, suggesting moderating demand for goods amid decades-high inflation.

June 15, 2022
Business, Logistics

°®¶¹´«Ã½ Depot Overcomes Slow Start to Year, Rising °®¶¹´«Ã½ Prices

°®¶¹´«Ã½ Depot’s first-quarter sales improved despite a slow spring start, and the home improvement chain raised its full-year guidance.

May 17, 2022
Business, Fuel

Are You Overpaying for Fuel?

Fuel prices are high, but your company has worked hard to implement the right fuel program; you’ve negotiated discounts with retail chains and set up bulk and mobile fueling deals… right? 

May 1, 2022
Government, Business, Safety

January Retail Sales Surged 3.8% as Threat of Omicron Faded

NEW YORK — Americans picked up the pace of spending in January as the threat of omicron faded and there was some easing of supply shortages.

February 16, 2022
Business

°®¶¹´«Ã½ Depot Names Executive Ted Decker as New CEO

The °®¶¹´«Ã½ Depot on Jan. 27 named veteran executive Edward "Ted" Decker as its new CEO.

January 28, 2022
Government, Business, Safety, Logistics

Rebound in US Retail Sales Slowed in July Amid Virus Surge

The rebound in U.S. retail sales slowed in July by more than expected, indicating a surge in coronavirus cases and still-high unemployment cooled the economic recovery.

August 14, 2020
Business, Logistics

Mall Operator Weighs Empty Spaces as Amazon Centers

Mall operator Simon Property Group Inc. has been in talks with Amazon .com Inc. to turn some empty store space formerly occupied by anchor tenants such as J.C. Penney Co. Inc. and Sears Holdings Corp. into Amazon fulfillment centers, Dow Jones reported, citing people familiar with the matter.

August 10, 2020
Government, Business, Safety

Americans Are Avoiding Stores Again in New Virus Hot Spots

While evidence of a virus-sparked consumer pullback is largely anecdotal for now, it would be a setback for a U.S. economy that has just started to perk up, with retail sales jumping to a record in May.

June 24, 2020