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December retail sales slip after a record holiday shopping season
After spending robustly early in the holiday season, consumers sharply slowed their purchases from November to December.
Wholesale inflation jumps record 9.6% over past 12 months
Prices at the wholesale level surged by a record 9.6% in November from a year earlier.
Holiday shoppers navigate shortages with mixed results
The pandemic-induced supply chain snarls have created unprecedented shortages across all types of products this holiday season.
Target to keep stores closed on Thanksgiving for good
Target will not open its stores on Thanksgiving, making permanent a shift to the unofficial start of the holiday season that was suspended in the pandemic.
CVS Health to close hundreds of drugstores over next 3 years
CVS Health will close hundreds of drugstores over the next three years.
‘Buy it when you see it’: Retailers dread holiday shortages amid supply bottlenecks
Because of bottlenecks in the global supply chain, many stores are scrambling to try to get all the inventory they can ahead of the crucial holiday shopping season.
Consumer confidence slides for third consecutive month
U.S. consumer confidence declined for the third straight month in September as the delta variant of the coronavirus extends the life of the pandemic.
Walmart to launch delivery service for other businesses
Walmart says it will start commercializing its delivery service, using contract workers, autonomous vehicles and even drones to deliver other retailers' products.
New CDC guidelines set off rush to reimpose mask mandates
States and businesses scrambled to change course after the federal government issued new guidance calling for the return of mask wearing in COVID hot spots.
CDC reverses course on indoor masks in some parts of US
The Centers for Disease Control and Prevention reversed course Tuesday on some masking guidelines, recommending that even vaccinated people return to wearing masks indoors in parts of the U.S. where the coronavirus is surging. Citing new information about the ability of the delta variant to spread among vaccinated people, the CDC also recommended indoor masks […]
Retail sales fell 1.3% in May, as chip shortage dings auto industry
Retail sales fell in May, dragged down by a decline in auto sales and a shift by Americans to spend more on vacations and other services instead of goods.
Pandemic pushes retailers to start holiday shopping season early
Add last-minute holiday shopping to the list of time-honored traditions being upended by the coronavirus pandemic. Retailers are kicking off the holiday season earlier than ever this year in hopes of avoiding big in-store crowds and shipping bottlenecks in November and December. Stores like Best Buy, Macy’s, and Target typically offer their biggest Black Friday […]
