Retail giant fighting to keep DEI program as companies jump ship
Fox News contributor and former Utah Rep. Jason Chaffetz joins ‘The Faulkner Focus’ to discuss Costco urging shareholders to … source
California mom behind Ulta retail theft crime ring ordered to pay $3M in restitution
A California mother has been ordered to pay millions of dollars in restitution after pleading guilty to leading a massive retail theft ring that stole beauty products from Ulta and Sephora and resold them on Amazon. According to CNBC, Michelle Mack, 54, a “queenpin” who is married and has three children, paid $300 in restitution […]
Pound Sterling slumps as UK Retail Sales declines unexpectedly – FXStreet
Sterling is underperforming major currencies as weak UK retail sales data strengthens the case for a BoE interest rate cut in February. UK monthly retail sales fell by 0.3% in December, despite expectations for strong growth of 0.4%. The US dollar rose despite a slight acceleration in the Fed's dovish outlook. Sterling (GBP) fell sharply […]
Trading platform Dub will pay some retail investors to share portfolios through TikTok-like 'creator program' – CNBC
Manusapong Kasosod | Moments | Getty Images Dove, a platform that allows individual traders to mimic the investments of corporate and government figures, on Thursday debuted a service that pays selected everyday investors to share their portfolios. Retail traders who are accepted into Dub's so-called Top Creators program are paid royalties for users to access […]
‘Drab December’ caps another year of declining footfall on UK high street | Retail industry
Downtowns and other shopping districts have had a “dull December,” ending a year of declining foot traffic and raising concerns that sales in the most important month for retailers will be disappointing. There are growing concerns about Attendances to UK shopping centres, retail parks and high streets fell by 2.2% in December compared to the […]
Retail, Chain Store Closures Have Surged 69% In 2024: Which Were Affected?
A panoramic view of the CVS Pharmacy store in Oceanside, New York, on August 23, 2024. Long Island is home to many local and national business concerns. (Photo by Bruce Bennett/Getty Images) OAN Staff James Myers11:57am – Friday, December 27, 2024 Store closures will increase by 69% this year and will increase significantly in 2024 […]
Number of UK retailers on brink of collapse soars by 25% | Retail industry
The number of UK retailers on the brink of collapse rose by a quarter in the last three months of this year, according to a report, due to a combination of rising business costs and weak consumer confidence. Insolvency expert Begbie Traynor said the number of retailers in “severe” financial distress increased by 25% to […]
US holiday retail sales stronger than last year with online boost, Mastercard says – Yahoo Finance
(Reuters) – U.S. retail sales rose from Nov. 1 to Dec. 24 as strong promotions prompted consumers to make last-minute purchases to boost sales during a highly competitive holiday season for retailers. It has increased by 3.8% over the period. The sales growth was well above last year's 3.1% increase, with the final five days […]
Despite APRs that can top 30%, some shoppers still like retail credit cards over buy now, pay later plans – CNBC
Philadendron | Eplus | Getty Images High interest rates don't deter many shoppers from using store credit cards. According to one study, when asked to choose between a store card and a buy now, pay later plan, 58% of shoppers surveyed preferred store cards. new Report by LendingTree. The remaining 42% chose BNPL loans. The […]
Retail theft surges 93% since before COVID-19 pandemic
The average number of shoplifting incidents in 2023 increased by 93% compared to pre-pandemic levels, and financial losses for retailers increased by 90%, according to the nation's largest retail trade association. The National Retail Federation (NRF) highlights the seriousness of this problem in its 2024 Retail Theft and Violence Impact study. For example, despite retailers' […]