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Consumers shift again, flummoxing big retailers like Target
The pandemic vastly changed the way Americans spend money, and now as they return to pre-pandemic behavior, they’re tripping up retailers again.
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.
D.C. no help to retailers already skittish about holidays
NEW YORK — Will Washington be the Grinch who stole Christmas? After weeks of bickering between Congress and the White House, President Barack Obama on Wednesday signed into law a […]
Retailers report modest sales gains for August
NEW YORK — Americans’ cautious spending on clothing extended into August, capping a weak back-to-school selling season for retailers. Several retailers including clothiers Cato Corp. and L Brands Inc. on […]
House, Senate have different Internet lottery provisions in budget
House and Senate versions of Gov. Martin O'Malley's operating budget proposal attack the future of Internet lottery sales in different ways, potentially setting up a mini-showdown over the fate of iLottery.
Senate passes Internet lottery ban; will House?
The Senate quietly passed legislation this week that would prevent what some have called an enormous electronic expansion of gambling, but the bill seems unlikely to move much further along the the legislative process.
Retailers report weak sales gains for November
NEW YORK — Black Friday was no match for Sandy. Major retailers such as Kohl’s, Target and Macy’s reported weak sales in November as a strong start to the holiday […]
Toys R Us waives fee for layaway program
WAYNE, N.J. — Toys R Us is making it easier for shoppers to use its layaway program ahead of the crucial holiday season, waiving its service fee and minimum purchase […]
Retailers report best sales growth since March
NEW YORK — Americans kept spending this summer despite their escalating fears about the slow economic recovery and surging gas prices. A group of 18 retailers ranging from discounter Target […]
PayPal to offer in-store payments through Discover
SAN JOSE, Calif. — PayPal is expanding its brick-and-mortar payment services to more than 7 million stores across the U.S. in a partnership with Discover Financial Services. EBay Inc.’s payments […]
Business inventories up 0.1 percent in June
WASHINGTON — U.S. companies barely increased their stockpiles in June from May, and sales plunged by the largest amount in more than three years. Business inventories edged up a slight […]
Higher retail spending lifts hopes for economy
WASHINGTON — Americans increased their retail spending in July by the most in five months, opening their wallets after a frugal spring and offering hope that the slumping economy may […]
