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Tag Archives: Retail

Retail sales recover in October 2019

US. Retail sales rebounded in October, but consumers stopped cutting purchases of household items and high value clothing, which could dampen expectations for a strong holiday season. The Commerce Department said Friday retail sales rose 0.3% last month, the first drop in seven months. Economists interviewed by Reuters predicted that retail sales rose 0.2% in October. Compared with October last …

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The new largest mall in the US offers much more than just retail stores

On October 26, eight miles west of Manhattan in East Rutherford, New Jersey, the doors are opening for a mega, non-call-it-a-mall, entertainment, and retail betting shop to escape can be "Retail Apocalypse". "We spent about $ 2 billion, and we had another $ 3 billion spent by previous developers, making it a great $ 5 billion project overall." Paul Ghetmezian, …

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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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