(Reuters) – U.S. stock index futures were steady on Tuesday, with those tracking the S&P 500 and the Nasdaq hovering around record highs, ahead of retail sales data and commentary from a number of Federal Reserve officials. Technology stocks lifted the benchmark S&P 500 to its fifth record high close in six sessions on Monday, […]
Jun. 17—A retail and restaurant crime safety event will take place next week at the Santa Fe Chamber of Commerce. The event, put on by the New Mexico Organized Retail Association, a partnership of the New Mexico Chamber of Commerce, is set for 8:30 a.m. June 27 at 1611 Calle Lorca, Suite 301. The keynote […]
In the Spotlight is a Sacramento Bee series that digs into the high-profile local issues that readers care most about. Story idea? Email metro@sacbee.com. One of the tangible effects of a retail theft California November ballot measure that, among other changes to a previously passed proposition, aims to increase penalties, is that it most likely […]
Assembly Democrats are fracturing over California legislative leaders’ decision to make changes to some retail theft bills that are designed to derail a controversial November ballot initiative aimed at toughening laws against such crimes. Some hardline progressive Democrats already disagreed with the legislation, but now moderates have joined them. “I don’t support the amendments,” said […]
The South African Revenue Service (SARS) has committed to taxing all clothing imports with an import duty of 45% plus VAT from next month, which means an end to the de minimis loophole according to local news reports. This means items packaged in small quantities will be taxed at the same rate as large quantities […]
(Bloomberg) — China’s industrial expansion slowed in May and retail spending beat forecasts, a sign that deep imbalances in the economic recovery may be easing at least a little. Most Read from Bloomberg Industrial production rose 5.6% in May from a year ago, the National Bureau of Statistics said Monday. That compares with April’s increase […]
BEIJING (Reuters) – China’s May industrial output lagged expectations with the property sector still weak, adding pressure on Beijing for policy support to shore up growth, but retail sales beat forecasts thanks to a holiday boost. The industrial data released on Monday by the National Bureau of Statistics (NBS) came in below expectations for a […]
SACRAMENTO, Calif. (AP) — With retail theft increasing, California Democratic leadership is clashing with a coalition of law enforcement and business groups in a fierce political fight over how to crack down on the problem. State lawmakers are trying to preserve progressive policies and stay away from putting more people behind bars. The two most […]
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From ‘Whole Paycheck’ To Whole New Strategy: Whole Foods Founder Hails Bezos As ‘Retail Genius’ Whole Foods founder John Mackey has praised Amazon founder Jeff Bezos for his strategy, making the supermarket chain even more successful. He has also called him a “retail genius.” Here’s what went down. Don’t Miss: Before Bezos and Amazon acquired […]
A bill passed by the New York legislature last week intended to increase retail worker safety and prevent workplace violence is causing a stir, as one major retailer has already said it heartily opposes it. In a certain section of the Retail Worker Safety Act, which has yet to be signed into law by Gov. […]
(Reuters) – GameStop said on Tuesday it had completed an “at-the-market” equity offering of its shares to raise roughly $2.14 billion in gross proceeds, days after meme stock influencer Keith Gill’s first livestream in three years. Shares of the videogame retailer, which has been at the center of the meme stock frenzy, rose more than […]