AUD/USD rebounds above 0.6550 ahead of Australian Retail Sales – FXStreet
In early Asian trading on Monday, AUD/USD remained in positive territory around 0.6555. U.S. PCE inflation rose 2.5% year-on-year in June, highlighting the improving inflation environment. A more hawkish stance from the RBA may support the Australian dollar. In early Asian hours on Monday, the AUD/USD pair is trading in an uptrend around 0.6555. Growing […]
Mastermind mom behind $8M organized retail theft ring that hit Sephora, Ulta Beauty gets 5 years
The ringleader of an organized retail theft ring known as the “California Girls,” which targeted high-end cosmetics companies Ulta Beauty and Sephora, has been sentenced to more than five years in prison and a $3 million fine, according to court documents. Michelle Mack, 53, a married mother of three young daughters, was arrested in December […]
Retail prices can jump in seconds with high-tech store price tags
Have you noticed how technology is rapidly changing our shopping experience? From online marketplaces to self-checkout kiosks, the retail world is evolving at breakneck speed. Today, we’re taking a look at one of the latest innovations that is revolutionizing the way we shop for everyday items: digital price tags. To get security alerts, expert tips, […]
Retail sales in Great Britain slump by 1.2%; government borrowing figure for June is lowest since 2019 – business live | Business
Important Events Retail sales in the second quarter declined 0.1% from the first quarter, contributing little to GDP growth. Rob WoodThe chief UK economist at Pantheon Macroeconomics said this left his second-quarter GDP growth forecast unchanged at 0.6%, compared with the Bank of England’s forecast of 0.5%. “This is due to strong consumer spending on […]
US retail sales unchanged in June, beating forecasts for slight drop
Ironside Macroeconomics Managing Partner Barry Knapp speaks about “The Age of Financialization” during Unbreakable Investor’s “Making Money” town hall. U.S. retail sales were flat in June, signaling a strong underlying trend that could boost second-quarter economic growth forecasts. The Commerce Department’s Census Bureau said Tuesday that retail sales last month were flat, following an upwardly […]
Sacramento threatens Target with fine for reporting rampant retail theft to police: Report
The Sacramento City Attorney’s Office recently reported that Target threatened the company with administrative fines for reporting incidents of theft at its retail stores to police. Sacramento Bee. The source, who asked not to be identified for fear of retaliation, said city officials warned the Target at 2505 Riverside Boulevard in Land Park that it […]
Bob’s Stores closing all locations after 70 years in latest US retail casualty
Bob’s Stores, a beloved store that has provided clothing to Northeast families for 70 years, is closing all of its locations for good, America’s latest retail casualty. The iconic retail giant was “unable to secure the necessary capital to continue operations,” president Dave Barton said in a statement Monday. Bob’s Stores will liquidate inventory at […]
Walmart Introduces First Hydrogen Fuel Cell Truck to Retail Fleet
Walmart has reportedly introduced its first hydrogen fuel cell-powered Nikola Tre semi-truck, marking a major milestone in the retail industry’s transition to alternative fuel vehicles. Hydrogen technology is a potential competitor to EV trucks, which suffer from the drawbacks of heavy batteries. Electrek Reports Walmart Canada has introduced the first hydrogen fuel cell electric semi-truck […]
‘Retail is just a credit card company that sells merchandise’: Ex-worker reveals quotas she had to make at checkout – The Daily Dot
A former employee went viral after posting a video explaining the quotas she had to meet while working in retail, saying the constant demands created a poor customer experience and ultimately led her to quit her job. Haley (@professionalchitchatter) has racked up over 90,000 likes on TikTok, where she added the caption, “Retail is a […]
Retail sales rise by paltry 0.1% as shoppers feel pinch of high inflation
Retail sales barely rose last month as Americans, troubled by persistently high inflation, tended to cut back on spending. Retail purchases rose 0.1% in May, below the 0.2% increase analysts had expected, according to data released by the Commerce Department on Tuesday. Retail sales for the previous month were revised down to 0.2%. Of the […]