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Tag Archives: Retail

Ikea's Fyrtur Smart Blinds are introduced in the US, but only in retail outlets

Ikea's new Fyrtur Smart Blinds will finally be introduced to the US after a delay earlier this year. Currently, however, they are apparently only available in retail stores. Online purchases continue to be listed as "not available". As Ikea announced earlier this year, the US receives only the Fyrtur blackout blinds, not the lighter Kadrilj model. Ikea sells eight sizes …

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US retail sales fell in September

WASHINGTON – American buyers withdrew their spending in September, signaling that the US economy could receive important support this year in the face of a more general slowdown in the global economy. Retail sales – a measure of purchases in stores, restaurants and the Internet – declined by a seasonally-adjusted 0.3% mom in September from month-on-month, the first monthly decline …

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Michael Preysman, CEO of Everlane, talks with Jim Cramer about expanding the retail business

Everlane, a social-minded clothing retailer, had to open up brick-and-mortar stores because "basically" no online companies are profitable, said CEO Michael Preysman to Jim Cramer of CNBC. Preysman, who founded Everlane in 2011 "Which pure online business is really profitable? Basically none of them, that's it.", He remarked to the "Mad Money" host from the brand new business Company in …

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Razer opens a store – Razer expands into retail

Razer, a leading lifestyle brand for gamers, has announced the opening of RazerStore Las Vegas (LV). This will be Razer's largest global business to date, and San Francisco's second business in the US. Retail Razer's expansion into Las Vegas will further electrify the city's sports and gaming scene, known for sports and entertainment. Promenade, 3545 S. Las Vegas Blvd. # …

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Shares move between low-yielding Treasury and retail strength

Equities staggered on Thursday as the 10-year Treasury yield fell to a three-year low, a potential harbinger of a recession, and stocks of major retailers rose as government bonds fell below the psychologically significant level due to robust spending by American consumers 1.5 percent fell as Wall Street investors poured money out of stocks into the security of US debt. …

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Futures Extend Profits After Strong Retail Data By Reuters

© Reuters. A screen shows the numbers after the closing bell at the New York Stock Exchange (NYSE) in New York (Reuters). US equity index futures on Thursday boosted profits in volatile trading after retail sales rose in July, helping to ease the concerns of a recession. At 8:33 CET, they rose 136 points, or 0.53%. increased by 15 points …

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According to Steven Mnuchin, Amazon "destroyed" US retail

In an interview with CNBC on Wednesday, Mnuchin said the company "destroyed the retail industry in the United States" and said "there is no question that they have limited competition". The Comprehensive Review could examine many companies that have been criticized for anti-competitive behavior. The press release did not cite any specific companies, but the Department of Justice stated that …

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Amazon is too big and has "destroyed" retail, says US Treasury Secretary

US Treasury Secretary Steven Mnuchin said he supports the Justice Department's efforts to engage with Amazon because the technology giant "destroyed the retail industry." "They have destroyed the retail industry in the United States, so there is no doubt that they have limited competition," Mnuchin said during an interview with CNBC. "There are areas where they have really hurt small …

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