BREAKING NEWS
Retail group pulls back on claim organized retail crime accounts for nearly half of inventory loss
Read full article: Retail group pulls back on claim organized retail crime accounts for nearly half of inventory lossThe National Retail Federation has revised a report released in April that pulls back the claim that organized retail crime accounts for nearly half of overall industry shrink, which measures overall loss in inventory, including theft.
Stock market today: Asian shares are mixed, with markets in Japan and US closed for holidays
Read full article: Stock market today: Asian shares are mixed, with markets in Japan and US closed for holidaysShares are mixed in Asia after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain.
Stock market today: Asian shares are mostly lower, with markets in Japan and US closed
Read full article: Stock market today: Asian shares are mostly lower, with markets in Japan and US closedShares are mostly lower in Asia after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain.
Best Buy posts better-than-expected 3Q profits but sales sluggish amid spending malaise
Read full article: Best Buy posts better-than-expected 3Q profits but sales sluggish amid spending malaiseBest Buy Co. posted stronger-than-expected profits, but reported a deeper-than-expected drop in revenue for the fiscal third quarter as shoppers continue to pull back on buying gadgets in an uncertain economy.
Nordstrom's results reflect cautious consumer spending, echoing department store sector blues
Read full article: Nordstrom's results reflect cautious consumer spending, echoing department store sector bluesNordstrom says its sales and profits fell in its fiscal second quarter, joining its department store peers coping with shoppers' cautious spending.
Kohl's posts declines in 2Q profits and sales, joining other stores facing cautious spending
Read full article: Kohl's posts declines in 2Q profits and sales, joining other stores facing cautious spendingKohlās reported on Wednesday that profits dropped nearly 60% on weak sales in the second quarter, joining a slew of retailers that are wrestling with shoppersā cautious spending in a challenging economy.
Macy's slashes expectations for the year after a pullback by shoppers in the spring
Read full article: Macy's slashes expectations for the year after a pullback by shoppers in the springMacyās slashed its outlook for the entire year with sales weakening sales in the first quarter during an increasingly challenging economic environment, including stubbornly high inflation.
Nordstrom Rack store to open in Northwoods Shopping Center; will be 3rd location in San Antonio
Read full article: Nordstrom Rack store to open in Northwoods Shopping Center; will be 3rd location in San AntonioThe store will be located in the Northwoods Shopping Center at the intersection of Highway 281 and Loop 1604 and is scheduled to open this fall.
Police: Mall of America lockdown lifted after reported shooting
Read full article: Police: Mall of America lockdown lifted after reported shootingPolice say a 19-year-old man was killed during a shooting at the Mall of America that sent frightened customers at the nationās largest shopping center racing into a lockdown just before the holiday weekend.
With sales still surging, Best Buy raises prospects for 2021
Read full article: With sales still surging, Best Buy raises prospects for 2021Best Buy Co. has raising its full-year sales outlook after the nationās largest consumer electronics chain posted fiscal second-quarter results that beat Wall Streetās projections.
Have you seen this person? SAPD searching for woman who robbed Nordstrom at La Cantera
Read full article: Have you seen this person? SAPD searching for woman who robbed Nordstrom at La CanteraHave you seen this person? San Antonio police are searching for a woman who they say robbed the Nordstrom department store at The Shops at La Cantera.
US unemployment claims fall to 376,000, sixth straight drop
Read full article: US unemployment claims fall to 376,000, sixth straight dropThe number of Americans applying for unemployment benefits fell for the sixth straight week as the U.S. economy reopens rapidly after being held back for months by the coronavirus pandemic.
US consumers boosted spending in April as inflation surged
Read full article: US consumers boosted spending in April as inflation surgedAmericans increased their spending by 0.5% in April, a slowdown after a massive gain in March which had been powered by distribution of billions of dollars in individual stimulus checks.