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US retail sales rebound sharply in October at CNBC. “The Commerce Department said retail sales increased 0.8 percent last month also as households bought electronics and appliances. Economists polled by Reuters had forecast retail sales increasing 0.5 percent in October. Retail sales in October rose 4.6 percent from a year ago.” Read more Walmart […]
Amazon Picks New York City, Northern Virginia for Its HQ2 Locations at CNBC. “The report said Amazon is dividing the headquarters evenly between New York’s Long Island City neighborhood in the borough of Queens, and the Crystal City section of Arlington County, across the Potomac from Washington. According to Reuters, Amazon will also be announcing a […]
Alibaba sets new Singles Day record with more than $30.8 billion in sales in 24 hours at CNBC. “In Chinese currency terms, GMV totaled 213.5 billion yuan, easily beating last year’s figure of 168.2 billion yuan and representing a nearly 27 percent year-on-year rise. That was, however, smaller than the 39 percent year-on-year growth […]
FDA plans to restrict flavored e-cigarette sales to vape shops, ban menthol cigarettes from market at CNBC. “The flavor restrictions will exclude menthol, meaning menthol vapor products will still be allowed to be sold in convenience stores and gas stations — until the FDA removes menthol cigarettes from the market.” Read more Brookstone […]
The 20 Best Workplaces in Retail 2018 (Wegmans #1, Publix #2, Sheetz #4, Burlington #5) at Fortune. List Costco October comp sales (ex. gas & f/x) +6.6% “Net sales of $11.16 billion for the retail month of October, the four weeks ended November 4, 2018, an increase of 10.6 percent from $10.09 billion last year.” Press release […]
Facebook catches pop-up fever, opening first retail shop in 9 Macy’s stores by Charisse Jones at USA Today. “(Facebook) is introducing a mix of roughly 100 businesses at nine Macy’s stores across the U.S. this month, through December. The small ventures will be housed within “The Market,” a nearly year-old space carved out at various Macy’s […]
US Christmas sales predicted to surpass $1 trillion for the first time this year at CNBC. Read more Marvin Ellison has chopped 150 stores since taking the reigns at Lowe’s at MarketPlace. “Lowe’s announcement that it would shutter 51 “underperforming” stores…is the second set of closures in Marvin Ellison’s short tenure as CEO, […]
US employers added 250K jobs in October, soaring past expectations of +190K at Fox Business. Read more Shipping container data details what retailers are importing for Christmas by Lori Ann LaRocco at CNBC. “Kohl’s is betting on shopper demand for ladies’ cardigans, cable knit holiday stockings, cook pots and radio-controlled toys, the data show. Amazon ordered 50 containers […]