Retail And Wholesale Sector Performance
Back-to-back 1% price hike; wholesale prices rise in July
Aug 12, 2021

Back-to-back 1% price hike; wholesale prices rise in July

Inflation at the wholesale level jumped a higher-than-expected 1% in July, disappointing hopes for a slowdown in price increases...

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Gap to close all UK, Ireland stores; shifts business online
Jul 1, 2021

Gap to close all UK, Ireland stores; shifts business online

American clothing retailer Gap announced that it will close all of its 81 stores in the U.K. and Ireland by the end of 2021...

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Target's profit surges as Americans cast restrictions aside
May 19, 2021

Target's profit surges as Americans cast restrictions aside

Target has reported surging sales and profits for its fiscal first quarter thanks to shoppers who bought more apparel as they emerge from the pandemic...

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Walmart sales still boom as pandemic eases, stimulus helps
May 18, 2021

Walmart sales still boom as pandemic eases, stimulus helps

Walmart blew past Wall Street projections in the fiscal first quarter with U.S. stimulus payments to Americans helping to boost sales and the company raised its expectations for the year...

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US jobless claims plunge to 576,000, lowest since pandemic
Apr 15, 2021

US jobless claims plunge to 576,000, lowest since pandemic

The number of Americans applying for unemployment benefits fell sharply last week to 576,000, a hopeful sign that layoffs are easing as the economy recovers from the pandemic recession...

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February retail sales fall 3% after soaring the month before
Mar 16, 2021

February retail sales fall 3% after soaring the month before

Americans spent less last month, partly due to bad weather in parts of the country that kept shoppers away from stores...

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Wholesale prices rise 0.5% in February as energy costs jump
Mar 12, 2021

Wholesale prices rise 0.5% in February as energy costs jump

The rise in wholesale prices moderated a bit in February after a record increase in January with both months being hit with higher energy prices...

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Oh, what a birthday week for Dr. Seuss books
Mar 11, 2021

Oh, what a birthday week for Dr. Seuss books

Oh, the books that sold last week by Dr. Seuss...

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Luxury seller Saks to spinoff website into separate company
Mar 5, 2021

Luxury seller Saks to spinoff website into separate company

Saks Fifth Avenue is spinning off its website into a separate company, with the hopes of expanding that business at a time when more people are shopping online...

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Virginia lawmakers vote to legalize marijuana in 2024
Feb 28, 2021

Virginia lawmakers vote to legalize marijuana in 2024

Virginia lawmakers have given final approval to a bill that will legalize marijuana for adult recreational use...

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