Amazon held what amounted to an extra Prime Day in October, blanketing its deals site. Best Buy kicked off Black Friday-level sales last month. And on Friday, Kohl’s entered the first 200 people to enter each of its stores to enter a raffle, with prizes including gift cards to Sephora and a family trip to …
Why retailers are doing all they can to woo holiday shoppers Read More »
She was looking forward to a big family for Thanksgiving when Toria Neal received a text that changed her life: the mother of four was losing her job, along with everyone else in her business. “I couldn’t believe my eyes,” Neal, 36, told The Post. “The text stated that we were all made redundant and …
United Furniture employee: Company-wide layoff ‘teared me apart’ Read More »
Shoppers walk past a sale sign as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky on November 26, 2021. Jon Cherry | Reuters Major retailers are under intense pressure to deliver on Black Friday after several reported slowing sales ahead of the holiday shopping season. Macy’s, Target, Kohls, Difference …
Retailers are under pressure to turn deep discounts into big sales on Black Friday Read More »
Former U.S. Transportation Secretary Elaine Chao wants the current Sec. Pete Buttigieg “good luck” in finding a solution to the impending strike of the railway workers. Here are the key events happening on Tuesday this could have an impact on trade. RETAILER REVENUES: A busy morning ahead for retail revenue, with Best Buy, Dollar Tree, …
U.S. retailers are facing their first real revenue drop since the global financial crisis this holiday season, even as resilient consumer spending poses challenges for officials seeking to tame inflation. Black Friday, the informal start of peak shopping season, falls at a turning point for consumer spending this week as the highest inflation since the …
US retailers face first real sales drop since financial crisis Read More »
A clearance sale sign is seen at the Gap retail store on September 20, 2022 in Los Angeles, California. Dinner Allison | Getty Images As some of the nation’s largest retailers report quarterly earnings and revenue this week, Wall Street will also be paying close attention to another number: inventory levels. walmart, Target, Difference, Kohls …
Retailers’ biggest holiday wish is to get rid of all that excess inventory Read More »
