NewsTrust - Retail - Most Recent Stories: News (Mainstream)

Fast growth in service sector points to more jobs

Thu, 03 Feb 2011 00:00:00 -0800

Associated Press - By Associated Press - Feb. 03 (News) - Activity at manufacturing and service companies has reached a level not seen since before the recession, suggesting a stronger year for hiring. S

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U.S. Jobless Claims Fall More Than Forecast

Thu, 20 Jan 2011 00:00:00 -0800

Reuters - Jan. 20 (News) - Economic data released Thursday provided the latest signs that the economy was recovering in fits and starts.

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Feds fine Abercrombie & Fitch $1M for violating immigration law

Tue, 28 Sep 2010 00:00:00 -0700

Detroit Free Press - By Greta Guest - Sep. 28 (News) - U.S. Immigration and Customs Enforcement in Detroit said today it had levied one of its largest fines -- $1 million -- against clothing retailer Abercrombie & Fitch for violations of federal immigration law at its Michigan stores.

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Inside the secret world of Trader Joe's

Mon, 23 Aug 2010 00:00:00 -0700

Fortune - By Beth Kowitt - Aug. 23 (Investigative Report) - Apple's retail stores aren't the only place where lines form these days. It's 7:30 on a July morning, and already a crowd has gathered for the opening of Trader Joe's newest outpost, in Manhattan's Chelsea neighborhood. The waiting shoppers chat about their favorite Trader Joe's foods, and a woman in line launches into a monologue comparing the retailer's West Coast and East Coast locations. Another customer suggests that the chain will be good for Chelsea, even though the area is already brimming with places to buy groceries, including Whole Foods and several upscale food boutiques.

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Razor Burn: A Flood of Fancy Shavers Leaves Some Men Feeling Nicked

Mon, 12 Jul 2010 00:00:00 -0700

Wall Street Journal - By Ellen Byron - Jul. 12 (Special Report) - Shaving is big business. Gillette brings in more than $4 billion in annual sales; Schick sees sales of around $1 billion a year, according to analysts' estimates. Though the recession hurt sales of blades and boosted sales of cheaper disposable razors, the two companies still have a lock on the U.S. market. Gillette commands 70% of the razors-and-blades category, and Schick holds about 10%, according to market-data firm Euromonitor International Inc.

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US once again cast as world's consumer of last resort

Sun, 20 Jun 2010 00:00:00 -0700

Los Angeles Times - By Don Lee - Jun. 20 (News Report) - As Europe cuts spending and China again floods the globe with low-cost goods, Americans are once more being cast as the world's consumers of last resort.

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Wal-Mart Bets on Reduction in Prices

Fri, 09 Apr 2010 00:00:00 -0700

Wall Street Journal - By Miguel Bustillo, Timothy W. Martin - Apr. 09 (News Report) - Wal-Mart is cutting prices in an aggressive campaign to reinforce its reputation as a discount leader, as it seeks to reverse months of slowing sales.

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The Great Grocery Smackdown

Tue, 16 Feb 2010 00:00:00 -0800

Atlantic Monthly - By Corby Kummer - Feb. 16 (Special Report) - Will Walmart, not Whole Foods, save the small farm and make America healthy?

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A Price War Brews Between Amazon and Wal-Mart

Tue, 24 Nov 2009 00:00:00 -0800

New York Times - By Brad Stone, Stephanie Rosenbloom - Nov. 24 (Special Report) - For now, it’s a battle of discounts, but Wal-Mart’s long-term goal appears to be stopping Amazon from taking away its business.

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Supermarkets get cold feet over fridge doors

Thu, 01 Oct 2009 00:00:00 -0700

The Guardian - By Fred Pearce - Oct. 01 (News Analysis) - What's the biggest and easiest thing that supermarkets could do to cut their energy bills and reduce their carbon footprint? They all know the answer. Put doors on their fridges.

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Ammo Companies Can't Keep Up With Demand

Wed, 23 Sep 2009 00:00:00 -0700

Associated Press - Sep. 23 (News Report) - Shooting ranges, gun dealers and bullet manufacturers say they have never seen such shortages. Bullets, especially for handguns, have been scarce for months because gun enthusiasts are stocking up on ammo, in part because they fear President Barack Obama and the Democratic-controlled Congress will pass antigun legislation - even though nothing specific has been proposed and the president last month signed a law allowing people to carry loaded guns in national parks.

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Walmart's Project Impact: A Move to Crush Competition

Fri, 11 Sep 2009 00:00:00 -0700

Time - By Sean Gregory - Sep. 11 (Special Report) - Walmart was a consistent winner during the worst days of the financial crisis, as frugal consumers traded down. While most retailers are shutting down stores, Walmart has opened 52 Supercenters since Feb. 1.

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Gargantuan helpings of fast food surge in popularity

Sun, 14 Jun 2009 00:00:00 -0700

Kansas City Star - By Joyce Smith - Jun. 14 (News Report) - Restaurants across the land, feeding a trend begun several years ago with the introduction of Hardee’s Thickburger, are offering ever-larger burgers, sandwiches and rich dishes. In this economy, restaurateurs say, they want to give more value for the money. And stressed consumers seem to have a taste for such comfort food. For some diners, words like low fat, diet, organic or healthy are just not on the menu.

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Poor? Pay Up.

Mon, 18 May 2009 00:00:00 -0700

Washington Post - By DeNeen L. Brown - May. 18 (Special Report) - The poorer you are, the more things cost. More in money, time, hassle, exhaustion, menace. This is a fact of life that reality television and magazines don't often explain.

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The End of Excess: Is This Crisis Good for America?

Sat, 28 Mar 2009 00:00:00 -0700

Time - By Kurt Andersen - Mar. 28 (News Analysis) - The popular culture tried to warn us. For 20 years, we've had Homer Simpson's spot-on caricature of the quintessential American: childish, irresponsible, willfully oblivious, fat and happy. And more recently we winced at the ultra-Homerized former earthlings of WALL•E.

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Sayonara, Prada

Thu, 05 Mar 2009 00:00:00 -0800

Atlantic Monthly - By Alexandra Harney - Mar. 05 (Special Report) - The collapse of the bubble economy in Japan and the “lost decade” of decline that followed left everyone a little wiser. “Japanese consumers were like a sponge,” Chanel’s Sakurai told me. “We absorbed everything, and then we got wrung out. We’re not going to absorb the same things as we used to.” What sells today is value. When the Swedish discount fashion retailer H&M opened its first Japanese outlet in September, more than 5,000 people waited on line.

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The US 'recession diet'

Thu, 12 Feb 2009 00:00:00 -0800

BBC News - Feb. 12 (Special Report) - [video 1.21] McDonald's has said that its global sales are rising, as more people turn to fast food during the recession.

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Library use jumps in Seattle area; economy likely reason

Thu, 15 Jan 2009 00:00:00 -0800

Seattle Times - By Mary Ann Gwinn - Jan. 15 (Special Report) - A library card has become a hot property in the Seattle region — area public libraries are experiencing a surge in circulation. While busy libraries in one of the nation's most literate cities are nothing new, some librarians credit (or blame) the recession for a dramatic upswing in business. The Seattle area's two library systems, the King County Library System (KCLS) and Seattle Public Library (SPL), each loaned more than a million more items in 2008 than in 2007.

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Retail Sales Plummet

Fri, 26 Dec 2008 00:00:00 -0800

Wall Street Journal - By Ann Zimmerman, Jennifer Saranow, Miguel Bustillo - Dec. 26 (News Report) - Price-slashing failed to rescue a bleak holiday season for beleaguered retailers, as sales plunged across most categories on shrinking consumer spending, according to new data released Thursday.

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Worker dies at Long Island Wal-Mart after being trampled in Black Friday stampede

Fri, 28 Nov 2008 00:00:00 -0800

New York Daily News - By Joe Gould - Nov. 28 (News Report) - A Wal-Mart worker died after being trampled when hundreds of shoppers smashed through the doors of a Long Island store Friday morning, police and witnesses said. The 34-year-old employee, a temporary maintenance worker, tried to hold back the unruly crowds just after the Valley Stream store opened at 5 a.m.

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Consumers Forgoing Retailers' Discounts as Fear Sets In

Thu, 27 Nov 2008 00:00:00 -0800

Washington Post - By Annys Shin - Nov. 27 (Special Report) - New economic data show that last month consumers were not tempted by retailers offering deep discounts. They were not enticed by lower home prices. And even though falling gas prices made their wallets a little fatter, they held on to their newfound savings and put off buying big-ticket items such as autos and home appliances.

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Consumer Prices Fall by Record Amount

Wed, 19 Nov 2008 00:00:00 -0800

New York Times - By Jack Healy - Nov. 19 (News Report) - The Consumer Price Index, a key measure of how much Americans spend on groceries, clothing, entertainment and other goods and services, fell by 1 percent in October compared with prices in the previous month, the Labor Department reported Wednesday morning. It was the steepest single-month drop in the 61-year history of the pricing survey.

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Schwarzenegger signs law banning trans fats in restaurants

Sat, 26 Jul 2008 00:00:00 -0700

Los Angeles Times - By Patrick McGreevy - Jul. 26 (News Report) - The new law, http://97AB 97 by Assemblyman Tony Mendoza (D-Artesia), requires restaurants to use oils, margarines and shortening with less than half a gram of trans fat per serving by Jan. 1, 2010, and applies the standard to deep-fried bakery goods by Jan. 1, 2011. New York City has a similar ban, which began July 1 with a three-month grace period. Those who violate the California law could face fines of $25 to $1,000. The legislation was vigorously opposed by the California Restaurant Assn., which argued that it would not substantially affect public health because people eat 75% of their meals at home.

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Meal made for a vegan

Mon, 21 Jul 2008 00:00:00 -0700

Seattle Post Intelligencer - By Kimberly Chou - Jul. 21 (Special Report) - The University District grocery bills itself as the only "100 percent vegan store" in the state. ("The vegan world is small enough that we would know," said manager Doh Driver.) But the grocery is part of a movement that's making eating and buying vegan increasingly easier in the health-conscious Northwest and elsewhere.

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Consumer Prices, Driven by Fuel, Surge 1.1% in June

Thu, 17 Jul 2008 00:00:00 -0700

New York Times - By Michael M. Grynbaum - Jul. 17 (News Report) - Almost everything that consumers spent money on last month -- from food to electricity and gasoline -- took a bigger piece of their paycheck.

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