Costco sales up 20.4% in JuneCostco Wholesale Corp. maintained its momentum in June with big increases in total sales and comparable sales. Mastercard: Retail sales rise 6.1% in June amid rising pricesIn-store spending continued to outpace e-commerce sales year-over-year in June amid ongoing inflation. Gap Inc. will launch in India via partnership with Reliance Retail Gap Inc. will set up shop in India through a franchise agreement with the country’s largest retailer. Amazon takes stake in Grubhub, offers free Prime food delivery U.S. Prime members are gaining a new perk while Grubhub is obtaining a competitive advantage against DoorDash and Uber Eats. Dresses, fancy bags and footwear make big retail comeback The resumption of weddings and other special outside-the-home occasions is having an impact on sales of apparel and footwear — for men and women. Panera Brands, Danny Meyer’s SPAC call off deal Panera Brands has terminated an agreement that would have taken the chain public again. Kohl’s no longer for sale Kohl’s Corp. has taken down the “for sale” sign. CGP: Back-to-school sales to slow but still hit new record, buoyed by inflation Back-to-school sales are expected to slow “sharply” compared to a banner 2021. NRF: Economy slowing, but recession unlikely — in ‘near term’ The good news for retailers is that the nation is unlikely to enter into a recession during the remainder of 2022. FTC sues Walmart for alleged money transfer fraud Walmart is denying accusations from the Federal Trade Commission that it allowed scammers to defraud consumers via its money transfer services. First Previous 129 130 131 132 133 Next Last
