US retail sales grew in July 2019 as consumers bought a range of goods despite cutting back on vehicle purchases. Retail sales increased 0.7 percent in July after gaining 0.3 percent in June 2019. Economists polled had forecast retail sales would rise 0.3 percent in July.
A federal appeals court has ruled against Amazon.com in a case that could expose the online retailer to lawsuits from customers who buy defective products from third-party vendors through its website.
Nordstrom and Rent the Runway have announced a partnership which aims to draw more foot traffic into the department store while making the clothing rental service more convenient thereby improving service to existing customers and attracting new ones.
Retail sales in the US increased in May 2019 and sales for the prior month were revised higher, suggesting a pick-up in consumer spending. The Commerce Department said retail sales rose 0.5 percent in May 2019 as households bought more motor vehicles and a variety of other goods. Sales at bars and restaurants increased 0.7 […]
Shopify is claiming strong demand for its software that helps retailers sell goods online. The company has increased its spending to stay ahead in a competitive market by launching a new line of point-of-sale hardware and plans to roll out Shopify Pay to rival Alphabet’s Google Pay and Apple’s payments services. Shopify, a Canadian company, […]
AutoNation, headquartered in Florida and America’s largest automotive retailer, has announced the appointment of Carl Liebert as Chief Executive Officer and President. Liebert was also named to AutoNation’s Board of Directors. Liebert currently serves as COO and Executive VP of USAA, a Fortune 100 full-service financial services company.
Colt has said it will suspend the production of sporting rifles for consumers. Those include the AR-15, a semi-automatic rifle that has been used in several recent US mass shootings. Colt says it remains committed to the right to bear arms, but that the US market is already saturated with similar weapons. It will focus […]
Hudson’s Bay Co is to sell its Lord + Taylor department store business to fashion rental service company Le Tote for about $100 million, as the retail operator culls its portfolio to a few key brands. The retail company has been selling businesses and closing stores over the past few years to focus on luxury […]
Target beat estimates for quarterly profit and has raised its annual forecast as higher investments to address changing shopping habits attracted more shoppers and lifted online sales. Retail