Kroger, Walt Disney Explore Joining Forces in Retail Streaming
Kroger and Walt Disney are reportedly considering partnering on a retail streaming deal that would include bringing Disney+ to the food retailer’s grocery delivery program. The companies are in talks to offer a streaming service called Kroger Boost as a free perk, according to people familiar with the matter. report From Bloomberg News. If the […]
Carvana shares soar on upbeat forecast for core profit, retail sales – Yahoo Finance
(Reuters) – Carvana shares rose about 30% in after-hours trading on Wednesday after the used car retailer forecast unexpected increases in retail sales and core profits for the current quarter. Carvana’s results come as high interest rates prompt consumers to look for deals on used cars instead of buying new ones. The company’s stock, which […]
MTA offering cut-rate deals to fill retail space as NYC real estate market continues to drag
The MTA is working to fill vacant retail spaces in iconic Big Apple subway stations, including filling empty storefronts with art installations. A whopping 83% of retail space in Times Square, Columbus Circle and other transit hubs is currently vacant, as the coronavirus pandemic continues to hamper the city’s commercial real estate market. Transportation agencies […]
Heastie reacts to increased penalties for assaulting retail workers being included state budget
New York Assembly Speaker Carl Heastie (D-Bronx) said he supports tougher penalties for assaulting retail workers, although he said he doesn’t believe the measure would deter crime. Mr. Heastie, who sparked outrage by refusing to crack down on violent shoplifters, came after Gov. Kathy Hochul announced that criminal penalties would be included in the state […]
March retail sales blew past expectations
Retail sales in March exceeded expectations, according to new numbers released by the Commerce Department on Monday. The latest estimates are Ministry of Commerce Retail sales were shown to have increased by 0.7% in March, more than double the previous year. consensus estimation Increased by 0.3% from last month. Retail sales in March exceeded expectations […]
Ron DeSantis Signs Legislation Cracking Down On Retail Theft, ‘Porch Piracy’
Florida Gov. Ron DeSantis signed legislation on Tuesday to crack down on retail theft and “porch piracy” in the red state. HB 549 increases penalties for retail theft crimes, as well as those who participate in stealing packages left outside of homes. DeSantis vowed to protect both retailers and consumers with the new legislation, and […]
DeSantis rips California, New York policies allegedly fueling retail theft in announcing new Florida crackdown
florida Gov. Ron DeSantis on Tuesday accused California, New York and “many left-leaning jurisdictions” of “enacting policies that ignore or even encourage retail theft,” while reporting in Sunshine announced a new bill in Florida that would further crack down on retail theft and copyright infringement on balconies. state. “These policies are ineffective once they arrive […]
Youngkin vetoes Virginia bills mandating minimum wage increase, establishing marijuana retail sales
RICHMOND, Va. (AP) — Republican Virginia Gov. Glenn Youngkin on Thursday announced his top Democratic legislative priorities: a bill that would allow retail sales of marijuana for recreational use to begin next year and a bill that would mandate a minimum wage increase. vetoed two items. This development was not surprising. Youngkin did not specifically […]
State makes retail theft a felony as organized crime proliferates
The Kansas Legislature passed a classification bill Wednesday. organized retail crime (ORC) is a felony, joining nine other states that passed similar laws last year. ORC refers to an organized shoplifting ring that targets stores and freight forwarders by snatching and robbing them. The state senate passed House of Representatives bill In 2144, felonies will […]
New York assembly speaker says ‘raising penalties’ isn’t a ‘deterrent’ for criminals, rejects governor’s plan to curb retail theft
New York State Assembly Speaker Carl Heastie (D) said Tuesday that “increased penalties” will not be a “deterrent” to criminals. new york post report. Heastie rejected Democratic Gov. Kathy Hochul’s plan to curb shoplifting and assaults on retail workers by increasing sentencing. Hochul called for tougher penalties for violent shoplifters as part of the state […]