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Feb 15 2023
U.S. Retail Sales Rebounded Sharply in January
U.S. retail sales jumped 3% in January as consumers broadly boosted spending on vehicles, furniture, clothing and dining out, adding to signs that economic growth picked up at the start of the year.
Last month’s seasonally adjusted spending increase was the biggest since March 2021 and followed two months of declines at the end of last year, the Commerce Department said Wednesday.Wall Street Journal (News)
Mar 04 2023
REI Workers In Cleveland Vote To Join The Retail, Wholesale And Department Store Union
The Retail, Wholesale and Department Store Union (RWDSU), yesterday said that by an overwhelming majority vote, workers at REI Inc. in Beachwood, Ohio, a suburb of Cleveland and the only REI location in the greater metropolitan area, have voted to join the RWDSU, making this the third unionized REI store in the country. Workers endured an exceptionally harsh union-busting campaign thatForbes
Feb 15 2023
Retail sales surge 3% in January despite stubbornly high inflation
Spending at retail stores rose more than expected in January as consumer demand remains strong even in the face of stubbornly high inflation and rising interest rates.
Retail sales, a measure of how much consumers spent on a number of everyday goods, including cars, food and gasoline, rose 3% in January, the Commerce Department said Wednesday. It marked the biggest monthly gain sinceFox Business
Jan 30 2023
Lowe's pioneers system to solve organized retail crime
Lowe's Companies, Inc. has innovated – and successfully tested – a new system geared towards tackling organized retail crime in a frictionless and almost invisible manner.
It's called Project Unlock, and it's a proof-of-concept system that underscores how there are methods to solving this industry-wide problem without having to lock up every product on the shelf, Lowe's Chief DigitalFox Business
Jan 02 2023
These Maryland Retailers Are Closing Locations In 2023
As the threat of recession looms over Maryland, chains could face yet another difficult year with a whole new set of challenges. Months of inflation have caused operating costs at retail spaces to spike and have chipped away at the sales of mid-tier retailers, experts said. Even for chains that survived the pandemic, a spate of closures could be on the horizon for both department stores andPatch.com
Mar 06 2023
Walmart Closing Final Locations in Major US City, Months After CEO Warning About Retail Theft
Months after Walmart CEO Doug McMillon issued a warning about how rampant theft will impact its decion-making, the company announced its final two stores in Portland, Oregon, are closing at the end of the month.
“The decision to close these stores was made after a careful review of their overall performance. We consider many factors, including current and projected financial performanceTownhall
Jan 04 2023
5 suspects burglarize retail store in Lincoln Park
Police said around 2:31 a.m., five men gained entry to the business through a glass door at the business, in the 2200 block of North Clybourn Avenue.
The suspects took a cash register and an unknown amount of merchandise before fleeing in a Dodge Charger and Dodge Ram.
No one is in custody.CBS News (Online)
Feb 08 2023
3 More MD Bed Bath & Beyond Stores To Close As Retailer Seeks Funds
MARYLAND — Three more Maryland Bed Bath & Beyond stores are targeted for shutdown, according to an announcement on Tuesday that more retail locations are closing as the company tries to stave off bankruptcy. The closings are just the latest for the company, which began cutting stores last fall. The New Jersey-based retailer announced in September it would be closing about 150 of its morePatch.com
Jan 11 2023
King County Council proposes ban on cashless retailers
A new King County Council proposal would ban cashless retailers, a move supporters say would ensure residents without access to banking services can still make purchases. The proposal, introduced by Councilmember Jeanne Kohl-Welles, would require retailers in unincorporated parts of the county to accept up to $250 in cash for a single transaction. Businesses would also be prohibited fromThe Seattle Times
Jan 06 2023
Major discount retail store to close SF location
Popular discount retailer Ross is closing at least one San Francisco location. Signs posted on the front doors of the Ross store at 5200 Geary Blvd. in the Richmond District say the store is closing early next week, on Jan. 10. A manager at the store confirmed the closure to SFGATE. Ross also recently listed two and a half floors of its Dublin headquarters for lease, the San Francisco BusinessSFGATE