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News Articles: retail

An air fryer awaits its buyer at a Kroger store in Kentucky in 2020, when the kitchen appliance became a hot seller.

Tagged as: 

  • Business

What happens when people want all the air fryers and then, suddenly, they don't

Big box stores are working through an unexpected glut of inventory: TVs, kitchen appliances, hoodies and other hot pandemic items. Part of the problem is the bullwhip effect.

July 25, 2022
|
By:
  • Alina Selyukh
Revlon is filing for Chapter 11 bankruptcy amid heavy debt, competition from newer competitors and supply chain fluctuations.

Tagged as: 

  • Business

Revlon files for bankruptcy amid competition and supply chain stress

Cosmetics giant Revlon has filed for Chapter 11 bankruptcy. It has struggled to keep up with competition from newer brands and tackle supply chain problems caused by the pandemic.

June 16, 2022
|
By:
  • Jacqueline GaNun
Prashant Baid's search engine finds stores selling half-loaves of bread, in some of India's largest cities.

Tagged as: 

  • Technology

Too many slices in a full loaf of bread? This program helps find half-loaves for sale

Prashant Baid created halfloafnear.me for himself; he hates throwing out bread that's gone bad. But now, he says, the program has struck a chord with other people seeking to reduce food waste.

April 24, 2022
|
By:
  • Vanessa Romo
People walk by an Amazon Books store at the Westfield Garden State Plaza shopping mall in Paramus, N.J., on Jan. 10, 2022.

Tagged as: 

  • Business

Amazon shuttering its physical bookstores and 4-star shops

The move comes as Amazon.com's overall revenue growth is slowing, and it's looking for new ways to reignite sales.

March 03, 2022
|
By:
  • The Associated Press
A postal worker carries packages through the snow on Jan. 3 in Washington, D.C.

Tagged as: 

  • Business

From living rooms to landfills, some holiday shopping returns take a 'very sad path'

It's peak season for returns, which are setting a new record. Some end up back on shelves or get resold to other merchants, and some wind up in landfills or sail overseas.

January 12, 2022
|
By:
  • Alina Selyukh
Facing a union effort, Starbucks, which is also making changes to training and scheduling, says that it supports the workers' right to organize but that a union was unnecessary.

Tagged as: 

  • Business

Starbucks and Costco raise wages in the nationwide competition for workers

Costco pays $17 an hour after a second raise this year. Starbucks is raising hourly pay to $15 amid a union effort. Major chains are pushing to draw workers, who have shunned a million retail jobs.

October 28, 2021
|
By:
  • Alina Selyukh
An employee organizes an aisle at Mary Arnold Toys, New York City's oldest toy store, on Aug. 2.

Tagged as: 

  • Business

Santa's sleigh is looking emptier. Fewer toys, higher prices loom for holiday season

Toy-makers are warning of emptier shelves and pricier toys this holiday season. Their supplies are ensnarled in floating traffic jams of container ships wallowing near key U.S. ports.

October 01, 2021
|
By:
  • Alina Selyukh
At any moment of this past decade, U.S. retail jobs have supported about 15 million workers.

Tagged as: 

  • Business

Retail Jobs Are Treated As A Temporary Bridge To Something Better. But Why?

At any moment, some 15 million Americans work in retail. Many stay for years. Now companies face a labor crunch, and workers wish these jobs were designed as durable careers.

September 27, 2021
|
By:
  • Alina Selyukh
People shop at a Macy's in New York this month.

Tagged as: 

  • Business

More Retail Workers Are Quitting Than Ever, But More Stores Are Opening Than Expected

The U.S. retail industry is setting records: workers quitting and workers hired. Wages are finally growing. And despite the pandemic devastation, brand-new stores are still opening.

August 26, 2021
|
By:
  • Alina Selyukh
Starbucks beat its own record this year, rolling out the pumpkin spice latte a full 24 hours earlier than it did last year. Still, it lags behind the Aug. 18 Dunkin's rollout of a similar beverage.

Tagged as: 

  • Business

Who Cares About Calendars? The Pumpkin Spice Latte Is Here, Which Means Fall Has Begun

Love it or hate it, the PSL gods have spoken. The flavored coffee beverage — and all of the iterations it has spawned — is upon us.

August 24, 2021
|
By:
  • Vanessa Romo
Some families already got a head start on shopping for the school year when Amazon, Walmart, Target and others held huge summer sales. Now, parents are getting a new financial boost from the government: an increased child tax credit of up to $3,000 for school-age children.

Tagged as: 

  • Business

Families Splurge On Clothes And Electronics In Likely Record Back-To-School Spree

Last year it was all about chairs and headphones. This year it's time for T-shirts and sneakers — and more laptops. Back-to-school shopping in the U.S. is expected to top $37 billion.

July 27, 2021
|
By:
  • Alina Selyukh
People wait to shop at a Costco in Texas on Feb. 20. Next week's pay increase would put Costco ahead of much of the industry.

Tagged as: 

  • Business

Costco To Raise Minimum Wage To $16 An Hour: 'This Isn't Altruism'

Next week's pay increase would put Costco ahead of much of the industry. CEO W. Craig Jelinek said higher pay reduces turnover and boosts productivity.

February 25, 2021
|
By:
  • Alina Selyukh
Shoppers line up near sale signs at a Burlington store in New York in June.

Tagged as: 

  • Business

How A Retail Chain Without A Website Powered Through The Pandemic

Burlington shut down online sales in March right before coronavirus lockdowns. But it's among the discount retailers that have endured the pandemic surprisingly well, even opening new stores.

February 17, 2021
|
By:
  • Alina Selyukh
People walk in front of stores in New York's Herald Square. Retail sales soared 5.3% last month compared to December as U.S. families began receiving new federal coronavirus relief checks.

Tagged as: 

  • Business

Shoppers Splurged In January As New Stimulus Checks Arrived

Retail sales soared 5.3% last month compared to December, much more than anticipated, as U.S. families began receiving new federal coronavirus relief checks.

February 17, 2021
|
By:
  • Alina Selyukh
Shoppers walk past a "Sale" sign outside a store at the Easton Town Center Mall in Columbus, Ohio, on Jan. 7.

Tagged as: 

  • Business

Retail Spending Dips For 3rd Straight Month As Infections Surge

Restaurants and bars are reeling from spikes of coronavirus cases in their communities. Earlier holiday sales meant online shopping and electronics sales dipped in December. Retail sales fell 0.7%.

January 15, 2021
|
By:
  • Alina Selyukh
  • Load More

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