NEW YORK — Target’s second-quarter sales were hit by inflation and a negative reaction by some customers, widely publicized on social media, to its Pride merchandise.
Between movie theaters, fitness centers and full-on amusement parks, American shopping malls have scrambled for years to attract new visitors to counter plummeting foot traffic. Even before the coronavirus struck, the concept of the mall — once so central to suburban life — was increasingly viewed as an anachronism.
U.S. retail sales fell in May for the first time in five months, restrained by a plunge in vehicle purchases and other big-ticket items, suggesting moderating demand for goods amid decades-high inflation.
Home Depot’s first-quarter sales improved despite a slow spring start, and the home improvement chain raised its full-year guidance.
Fuel prices are high, but your company has worked hard to implement the right fuel program; you’ve negotiated discounts with retail chains and set up bulk and mobile fueling deals… right?May 1, 2022
NEW YORK — Americans picked up the pace of spending in January as the threat of omicron faded and there was some easing of supply shortages.
The rebound in U.S. retail sales slowed in July by more than expected, indicating a surge in coronavirus cases and still-high unemployment cooled the economic recovery.
Mall operator Simon Property Group Inc. has been in talks with Amazon .com Inc. to turn some empty store space formerly occupied by anchor tenants such as J.C. Penney Co. Inc. and Sears Holdings Corp. into Amazon fulfillment centers, Dow Jones reported, citing people familiar with the matter.