Retail sales rise just 0.1% in May as high inflation strains Americans
Rick Rieder, chief investment officer of global fixed income at BlackRock, shared strategies for stock investors on Barron’s Roundtable and analyzed the impact of high interest rates on inflation. Americans continued to face high interest rates and rising prices for everyday items, leading them to curb spending in May. Retail SalesThe Commerce Department said on […]
Retail investors may be a step closer to investing in unicorns – CNBC
The CEO of an alternative trading platform wants to revolutionize private equity investing to help ease a sluggish initial public offering market. So Forge Global’s Kelly Rodriques partnered with Accuidity to launch the Forge Accuidity Private Market Index this spring. The ultimate goal: to make unicorns more accessible to more investors. “This is the big […]
Video Shows Bystanders Trapping Alleged Shoplifters Inside Retail Store
Video footage circulating on social media appears to show a group of bystanders trapping alleged shoplifters inside a retail store until police could arrive. The alleged incident occurred at a Perfumania store at the Tanger Outlets in Nashville, Tennessee, according to WSMV. The alleged thieves entered the store and allegedly began stealing merchandise before bystanders […]
Vistry sells 1,750 homes to Blackstone; UK retail sales rise slightly in May – business live | Business
Important Events Stock prices and oil prices continue to fall British and European stock prices are falling and oil prices are falling further as investors expect supply to increase this year. London’s FTSE 100 index fell 34 points, or 0.4%, while Germany’s DAX and France’s CAC both fell about 0.3%, and Italy’s FTSE MiB lost […]
Inflation in UK shops falls amid price cuts on furniture and TVs | Retail industry
Store price inflation eased to its lowest level since November 2021 as retailers slashed prices on big-ticket items such as furniture and televisions as rising living costs and bad weather forced households to severely curb spending. According to the latest research from the British Retail Consortium (BRC) and market research firm NielsenIQ, inflation rose 0.6% […]
Lower Fifth Avenue retail scene thriving after several high-profile deals
Manhattan’s retail industry is too complex to generalize. The New York State Real Estate Commission reports fewer stores are available and rents are higher than last year, but overall the situation is across the board. For example, Soho and Upper Madison Avenue are strong, while Broadway on the Upper West Side resembles a wasteland of […]
Illinois Police Officer Accused of Retail Theft at Walmart Self-Checkout
A 32-year-old police officer from Gurnee, Illinois, was charged Sunday afternoon with stealing merchandise from a local Walmart. The detective, identified as Antoine J. Smith of Round Lake, allegedly committed the thefts at stores located on Grand Avenue, The Lake and McHenry County Scanner. report on friday. image show Suspect in this case: A Gurnee […]
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 […]