After spending robustly early in the holiday season, consumers sharply slowed their purchases from November to December.
Prices at the wholesale level surged by a record 9.6% in November from a year earlier.
The pandemic-induced supply chain snarls have created unprecedented shortages across all types of products this holiday season.
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 will close hundreds of drugstores over the next three years.
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.
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 says it will start commercializing its delivery service, using contract workers, autonomous vehicles and even drones to deliver other retailers' products.
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.
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 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.
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 […]