Walmart to open 150 stores as retail shopping makes comeback
Walmart, the world’s largest retailer, plans to open 150 new stores over the next five years, including converting some smaller stores into supercenters, the company announced Wednesday. The Bentonville, Ark.-based retailer will “reshape the layout” of 650 stores over the next 12 months as part of a $500 million investment announced last year to modernize […]
Market analysts and retail investors await Fed's direction on gold prices – Kitco NEWS
(Kitco News) – Gold prices moved in a narrow $10 range this week between $2,016 and $2,025, with little reaction to even the most important data releases and corporate earnings reports. Latest Kitco News Weekly Gold Survey shows institutional professionals and retail traders remain cautious, forecasting a pivotal week for central banks and employment data […]
Retail thefts, burglaries by migrants plaguing Chicago suburb: authorities
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Retail Sales Surge Higher Than Expected, Threatening to Ignite Inflation
U.S. shoppers eagerly reached for their wallets and credit cards in December, spending far more than expected, according to Commerce Department statistics on Wednesday. U.S. retail sales rose 0.6% from the previous month, well above expectations for a 0.2% increase. Compared to the previous year, sales increased by 4.8%. Sales of cars and trucks drove […]
Retail sales rise faster than expected in December
National Retail Federation CEO Matt Shea analyzes consumer spending and the retail industry as shoppers hit stores across the country for Black Friday. Americans picked up spending in December during the crucial holiday season, even though they still faced high interest rates and soaring prices for everyday goods. retail salesThe Commerce Department said Wednesday that […]
Newsom outlines plan to crack down on retail, property crimes in California
California Governor Gavin Newsom (D) on Tuesday outlined a plan to crack down on retail and real estate crime in the state. “I will build on California’s existing laws and record public safety investments by enacting new legislation that expands criminal penalties for those who profit from retail theft and auto burglary. We’re asking for […]
Return fraud helped fuel $101B in retail losses in 2023: report
Return fraud is the latest retail crime plaguing the industry and will cost merchants about $101 billion in losses by 2023, according to the National Retail Federation. According to some sources, $743 billion worth of goods were returned last year. 2023 Retail Report Purchases from NRF and Appris Retail have a return rate of 14.5%. […]
Sporting goods retail chain reportedly fires employees for chasing after shoplifter who stole firearm: ‘I just took off’
Three employees at a Louisiana sporting goods store were reportedly fired last month after they allegedly stopped a thief from stealing firearms from the store. On Dec. 16, a routine interaction between an Academy Sports + Outdoors salesperson and a potential customer turned into a crime when the customer stormed out of the store with […]