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U.S. retail sales bounced back in February after suffering a steep decline during a bitterly cold January. Shoppers spent more on autos, clothing and furniture.
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Read More »Economists see reasons for optimistic 2014 outlook
Consumers will spend more. Government will cut less. Businesses will invest more. And more companies will hire.
Tagged with: business news consumers economists Economy
Read More »Stores have free rein to recoup shoplifting losses
NEW YORK — Outside the view of paying customers, people accused of shoplifting at Macy’s huge flagship store are escorted by security guards to cells in “Room 140,” where they can be held for hours, asked to sign an admission ...
Tagged with: consumers crime Law legal news Retail united states
Read More »Non-Japanese cars make Consumer Reports’ top 10 reliability list
DETROIT — Japan’s lock on Consumer Reports’ vehicle reliability rankings is starting to ease. Three Japanese brands — Lexus, Toyota and Acura — took the top spots in this year’s survey, and seven of the top 10 brands are Japanese. ...
Tagged with: automobiles consumers reliability toyota
Read More »UPS sees busier, intense holiday shopping season
ATLANTA — UPS expects this holiday season to be busier than last, thanks to the growing popularity of online shopping. And more intense, thanks to the calendar. The world’s biggest package delivery company said Friday that it foresees peak season ...
Tagged with: atlanta consumers holiday Retail shipping shopping UPS
Read More »Consumer prices rise just 0.1 pct. in August
WASHINGTON — U.S consumer prices barely rose last month, the latest sign that slow economic growth is keeping inflation tame. The consumer price index increased just 0.1 percent in August, the Labor Department said Tuesday, after a 0.2 percent increase ...
Tagged with: Business business news consumer prices consumer spending consumers Economy federal reserve inflation Retail
Read More »Fed likely to slow bond buys despite tepid economy
WASHINGTON — Hiring is soft. Pay is barely up. Consumers are cautious. Economic growth has yet to pick up. And yet on Wednesday, the Federal Reserve is expected to take its first step toward reducing the extraordinary stimulus it’s supplied ...
Tagged with: Ben Bernanke breaking news consumers Economy federal reserve washington
Read More »Apple expected to expand selection of iPhones
SAN FRANCISCO — Apple is expected to unveil its latest take on the iPhone Tuesday during an annual ritual that will probably cast a spotlight on the gadget maker’s drive to regain market share and its sluggish pace of innovation. ...
Tagged with: Apple Business consumers iPad iPhone smartphone tablet Technology technology news
Read More »Owners of Neiman Marcus sell chain for $6 billion
NEW YORK — Luxury merchant Neiman Marcus is getting a new owner. Ares Management and Canadian Pension Plan Investment Board announced Monday they are buying the luxury chain Neiman Marcus for $6 billion. The two new owners will hold an ...
Tagged with: Business business news consumers lord & taylor Retail saks fifth avenue shopping
Read More »U.S. consumer sentiment falls from 6-year high
WASHINGTON — A measure of U.S. consumer confidence slipped this month from a six-year high in July, as Americans expressed less optimism about the coming months. The University of Michigan says that its final reading of consumer sentiment dropped to ...
Tagged with: Business consumer confidence consumers Economy Recession sales united states
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