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Tag: U.S. Economy

‘Retail is changing by the day’

Retail is going through what can be considered a “golden age” as businesses adapt to a new landscape of connecting with consumers, “Shark Tank” star and serial entrepreneur Daymond John said Friday. Companies such as Home Depot are using the internet to their advantage to thrive, while others that lack the necessary technology are dying, the …

‘Retail is changing by the day’Read More

Macy’s is planning for a coronavirus hit, but ‘nothing to be concerned about yet’

Zhuying Hua, 40, of Rockville, is concerned about coronavirus and wears a mask while shopping. The store manager said the there was a huge decline in shoppers. Sarah L. Voisin | The Washington Post | Getty Images Macy’s warned investors Tuesday that the coronavirus outbreak, which has shuttered commerce across China and sent markets spiraling, …

Macy’s is planning for a coronavirus hit, but ‘nothing to be concerned about yet’Read More

I would have had to fire employees if Trump imposed tariffs

Basic Fun CEO Jay Foreman told CNBC on Friday that the company would have had to lay off employees in the new year if an initial trade deal with China didn’t work out. “It would have cost jobs, profit and cost a real, real upset of our business and many businesses in the toy industry,” …

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The cities that lost HQ2 ‘perhaps can create next Amazon”

Losing to the urban neighborhood of Crystal City in Arlington, Virginia, may not be the end story for the more than 230 cities that attempted to win the bid for Amazon‘s second headquarters. According to AOL co-founder Steve Case, the 14-month-long bidding process may have triggered these cities to keep the energy going and feel …

The cities that lost HQ2 ‘perhaps can create next Amazon”Read More

Holiday season off to solid start as 190 million people shop Thanksgiving weekend

Holiday shoppers take part in early Black Friday shopping deals at the Gap store in Times Square in New York. Brendan McDermid | Reuters The holiday shopping season has begun in earnest, with nearly 190 million consumers shopping between Thanksgiving and Cyber Monday, the National Retail Federation said Tuesday. The retail trade group said that’s …

Holiday season off to solid start as 190 million people shop Thanksgiving weekendRead More

Black Friday online sales up 19% by 9 am, Thanksgiving sales hit record online

An employee pulls a cart stacked with boxes at the Amazon.com fulfillment center in Kenosha, Wisconsin. Jim Young | Bloomberg | Getty Images Big turkey dinners didn’t slow down shoppers this Thanksgiving. Shoppers spent $4.2 billion online on Thanksgiving, a 14.5% increase from last year and a record high, according to data released by Adobe …

Black Friday online sales up 19% by 9 am, Thanksgiving sales hit record onlineRead More

Best Buy and Target persist as other retailers lose to Amazon

A Target store in Culver City, California. Mark Ralston | AFP | Getty Images A lot of traditional retailers will lose in the battle against Amazon, David Berman, founder of Durban Capital, said Friday on “Squawk Alley.” But Target and Best Buy seem safe for now. “You are seeing outliers like Target and Best Buy,” …

Best Buy and Target persist as other retailers lose to AmazonRead More

Apple’s ‘big story’ this holiday season is its credit card: Analyst

The “big story” for Apple this holiday shopping season won’t be what products consumers buy but how they pay for it, according to D.A. Davidson & Co. analyst Tom Forte. “AirPods Pro [is] a good product, but I think the story for Apple’s holiday sales this year is in payments with the Apple Card,” he …

Apple’s ‘big story’ this holiday season is its credit card: AnalystRead More

Thanksgiving day online retail sales expected to top $4 billion

A worker moves a bin filled with products inside of an Amazon fulfillment centre in Robbinsville, New Jersey. Lucas Jackson | Reuters Thanksgiving day celebrations may just be getting started but the holiday is already expected to be a bonanza for retailers. Early data released by Adobe showed online retail sales on Thursday will reach …

Thanksgiving day online retail sales expected to top $4 billionRead More

Black Friday is ‘bigger than it ever was,’ former Toys R Us CEO says

Black Friday is “bigger than it ever was,” although consumers are shifting when, where and how they shop, former Toys R Us CEO Gerald Storch told CNBC on Wednesday, dismissing those who say the frenzy is dying down. In an appearance on “Power Lunch,” Storch pointed out that the after-Thanksgiving extravaganza has become a three-day …

Black Friday is ‘bigger than it ever was,’ former Toys R Us CEO saysRead More