Government, Business

Retail Sales Soared a Record 17.7% in May, Double Forecast

Shoppers wait to enter a store in a shopping mall in Costa Mesa, Calif., on June 15. Shoppers wait to enter a store in a shopping mall in Costa Mesa, Calif., on June 15. (Bing Guan/Bloomberg News)

U.S. retail sales jumped in May by the most on record and double forecasts, regaining more ground than expected after unprecedented drops the prior two months as states allowed more merchants to reopen.

Katia Dmitrieva | Bloomberg News
June 16, 2020
Government, Business

US Economy Hits Record Lows in April Retail, Factory Data

A Statue of Liberty sculpture stands on display inside a souvenir shop temporarily closed in New York on May 12. A Statue of Liberty sculpture stands on display inside a souvenir shop temporarily closed in New York on May 12. (Demetrius Freeman/Bloomberg News)

U.S. retail sales and factory output registered the steepest declines on record in April, illustrating a recession so deep that it likely will take years to fully recover.

Reade Pickert | Bloomberg News
May 15, 2020
Government, Business

US Retail Sales Rise 0.4% in June in Sign of Consumer Health

Retail Sales Ryan McKnight/Flickr

U.S. retail sales rose at a solid pace in June, providing crucial support to the economy at a time when other drivers of growth have faded.

Christopher Rugaber | Associated Press
July 16, 2019
Business, Logistics, TCA

Home Depot Hiring 80,000, Including Overnight Freight Workers

Home Depot John Raoux/Associated Press

If you’re looking for a job this spring, The Home Depot is seeking to hire 80,000 employees at its stores and distribution centers.

Annalise Knudson | Staten Island (N.Y.) Advance
March 19, 2019

Lowe’s Closes 51 Stores, Abandoning Smaller-Store Strategy

Lowe's Store Front Steven Senne/Associated Press

Home-improvement retailer Lowe’s announced the closing of 51 underperforming stores Nov. 5, including two New York locations that the company hailed just three years ago as the way to win over city-dwellers.

Matt Townsend | Bloomberg News
November 5, 2018
Business, Logistics

Retail Growth, Consumer Expectations Add to Supply Chain Demands

Supply Chain Demands IANA chairwoman Adriene Bailey talks with Shay about the retail environment. (Intermodal Association of North America)

LONG BEACH, Calif.—The retail industry is in the middle of an enormous transformation, growing at a pace that exceeds the gross domestic product and adding about 70,000 jobs this year. Brick-and-mortar retailers as well as e-commerce providers are working to expand their offerings, which will place new demands on the supply chain.

Mindy Long | Special to Transport Topics
September 19, 2018
Business, Technology, Logistics, Autonomous, Top 100, Perspective

Fixing the Final-Mile Delivery Mess

Truck out for delivery in urban area. New approaches are needed to meet the demands of urban final-mile delivery. (TT File Photo)

Though it seems like every week there's a new startup introduced to the field, last-mile retail delivery is still a mess.

Will Salter | CEO, Paragon Software Systems
August 20, 2018

December Retail Sales Gain Caps Robust Holiday Season


U.S. retail sales increased in December for a fourth month, indicating strong consumer demand throughout the holiday season, according to Commerce Department figures released Jan. 12.

Shelly Hagan | Bloomberg News
January 12, 2018

Consumer Sentiment Unexpectedly Surges to 13-Year High

Luke Sharrett/Bloomberg News

U.S. consumer sentiment unexpectedly surged to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major hurricanes, a University of Michigan survey showed Oct. 13.

Agnel Philip | Bloomberg News
October 13, 2017

US Retail Sales Rise Most Since 2015 on Storm-Related Lift


U.S. retail sales jumped last month by the most in more than two years as motor vehicles lost to hurricanes were quickly replaced and higher prices lifted receipts at gasoline stations, Commerce Department figures showed Oct. 13.

October 13, 2017