NEW YORK (AP) — Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. The number followed a revised 0.6% pace in March, according to Commerce Department data released Wednesday. It rose 0.9% in February. That comes after sales fell 1.1% in […]
Retailers in the United States have closed or announced the closing of almost 2,600 brick-and-mortar stores and the avalanche is expected to continue. FACT-O-RAMA! The closings are all from January 1 to May 3, 2024 which means we are losing 20.9 storefronts per day. At this rate, 7,628 stores will close by December 31. […]
The economic news isn’t getting any better. Bidenomics continues to prove itself the most lethal killer of the U.S. economy since COVID overtook the world as 169 retail stores closed in a single week, up 12.3 percent from the year before, according to data reported last week by the U.K. Daily Mail. Staples across the […]
While other states are becoming more open to the prospect of legalizing the sale of marijuana within their borders, Republican Gov. Glenn Youngkin made it crystal clear that Virginia was not going to be one of those. On Thursday, the Old Dominion official vetoed a bill that would have created a legal market for the […]
Last September, when Nike shuttered its nearly 40-year-old flagship store in Portland, Oregon, after a wave of retail theft and property damages, I contacted Gregg Schumacher, a local business owner and a vocal critic of the radical left politicians who control his town. Mr. Schumacher is the founder of […]
RICHMOND, Va. — Republican Virginia Gov. Glenn Youngkin vetoed two top Democratic legislative priorities on Thursday: bills that would have allowed the recreational retail sales of marijuana to begin next year and measures mandating a minimum wage increase. The development did not come as a surprise. While Youngkin had not explicitly threatened to veto either […]
Amid the bustling streets of New York, a surge in shoplifting has cast a shadow over the retail industry, culminating in a staggering annual loss of $4.4 billion for local businesses. The growing crisis transcends the act of petty theft, spiraling into a vast shadow re-sale economy that stretches from digital marketplaces to the corners […]
Americans have long viewed a four-year college degree as essential to financial success, but a report finds most graduates can’t find a job requiring one within a year of commencement. The nonprofit Strada Institute for the Future of Work and the Burning Glass Institute reported Thursday that 52% of bachelor’s degree graduates had “underemployed” jobs in food […]
Earlier this month a brazen daytime theft from an Apple Store in Emeryville, CA went viral on Twitter. Here’s the video in case you missed it. This guy yanks & steals dozens of iPhones from @Apple store at @BayStEmeryville in broad daylight, then casually walks past parked @EmeryvillePD car before leaving in Hyundai Elantra. 📹 […]
NEW YORK — Americans pulled back their spending more than expected in January after the traditional holiday season splurge. Retail sales fell 0.8% in January from the strong pace in December when they rose a revised 0.4%, according to the Commerce Department’s report on Thursday. Excluding sales at auto dealerships and gas stations, sales were […]
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