US business inventories are rising amid signs freight is flowing more freely through supply chains, rather than piling up in high stacks of goods at warehouses. Total business sales increased 2 percent in December from November and 5.2 percent year-over-year, the US Census Bureau said Wednesday. (This article requires registration at the Journal of Commerce. […]
President Donald Trump told executives at major retail chains that he would swiftly submit a tax overhaul plan to stimulate the economy. Trump called rewriting the tax code “one of the best opportunities to really impact our economy,” during a White House breakfast Wednesday morning with chief executives of companies including Target Corp., J.C. Penney […]
Warren Buffett believes in America’s future but seems more doubtful about that of Walmart and other traditional retailers. The billionaire’s Berkshire Hathaway sold off about $900 million worth of Wal-Mart Stores stock in the last quarter, or about 90% of what he had left after years of paring his investment in the discount retailer.
Payless is working on a restructuring plan that could entail closing as many as 1,000 stores. If the footwear retailer can’t come to terms with its lenders, it may file for Chapter 11 bankruptcy protection.
Major container ports in the United States handled 1.64 million TEUs in November, down 6.6 percent from October but up 11.2 percent from November 2015, according to the Global Port Tracker report by the National Retail Federation and Hackett Associates.
An atypical late in the year holiday season bump was evident, based on data issued this week in the most recent edition of the Port Tracker report issued by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.
The National Retail Federation anticipates that the Trump administration will seek action on three legislative priorities — tax reform, regulatory reform and Affordable Care Act repeal — very early next year. NRF’s agenda for 2017 and beyond is driven by retailers’ input, and many 2016 issues — swipe fees, online sales tax, trade, tax reform, […]
The holiday shopping season is often a peak for retailers’ sales. But the flipside to that boom is it leads to peak returns season – costing retailers billions to handle unwanted, used or damaged goods each year.
Cyber Monday set a new record for online sales, racking up $3.45 billion, according to Adobe Digital Insights. The National Retail Federation said more people shopped online throughout Black Friday weekend than in physical stores. But there are some stores bucking the trend. Take TJ Maxx and Marshalls, owned by parent company TJX Cos. Inc. […]
It’s time for traditional retailers to prove that one of their biggest advantages over Amazon can, in fact, deliver. After last year stumbling through the first real test for in-store pickup, the retail service will come under even more pressure this holiday, as more Americans do their shopping online and opt to pick up their […]
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