Political Economy Archive: Retail
Retail sales inch up in January
Consumer trades crept up in January, continuing the momentum of the past seven months, the U.S. Commerce Department said Tuesday. Retail and food service sales for last month penciled in at $381.6 billion, an increase of 0.3 percent from the prior month, and 7.8 percent higher than January 2010. Without gasoline and auto, total retail and food sales increased 0.2 percent in January. Officials revised total sales for November to December 2010 from 0.6 percent to 0.5 percent.
By
Danielle Douglas | Capital Business
| February 15, 2011; 12:28 PM ET |
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Retail
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Retail trade group hires new chief lobbyist
The National Retail Federation announced Tuesday that it has hired a new chief lobbyist to tackle key tax policy and workplace issues. David French will take will take over as senior vice president of government relations for the trade group...
By
Ylan Mui
| January 11, 2011; 1:39 PM ET |
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Corporate taxes, Corporations, Financial regulation, Retail
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Cyber Monday wraps up Thanksgiving shopping bonanza
he post-Thanksgiving shopping frenzy heads into its fourth day Monday as retailers roll out new discounts for what has become known as Cyer Monday. All signs are pointing to a successful start to the season," said Heather Dougherty, director of research for Experian Hitwise, which tracks Web traffic. "I think we saw everyone come out kind of guns-a-blazing with promotions."
By
Ylan Mui
| November 29, 2010; 11:45 AM ET |
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Retail
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How consumers are spending their holiday dollars
According to a recent survey conducted by the National Retail Federation, consumers plan to shell out an average $688.87 on holiday-related shopping, a marginal increase from the previous year's $681.83. Much of this year's budget, roughly $393.55, will be spent on gifts for friends and family, with the remaining portion divided up between co-workers, decorations, candy and flowers.
By
Danielle Douglas | Capital Business
| November 22, 2010; 2:20 PM ET |
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Retail
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Wal-Mart vows to match rival Black Friday discounts
Wal-Mart, which will keep many stores open 24 hours on Friday, said shoppers who bring in a rival ad can get their prices reduced at the cash register. The move is an aggressive bid by the world's largest retailer to capture a greater share of buzzworthy traffic on Black Friday, the traditional kickoff to the holiday shopping season.
By
Ylan Q. Mui
| November 22, 2010; 12:20 PM ET |
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Retail
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Stores opening on Thanksgiving Day
You better scarf down that turkey: Toys 'R' Us on Wednesday became the latest retailer to announce that it will open its doors on Thanksgiving Day. Stores have competed for years to offer the biggest deals at the most ungodly...
By
Ylan Mui
| November 17, 2010; 7:00 AM ET |
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Retail
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