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Bloomberg: Retail sales edge up 0.4% in May
New York – Initial Bloomberg estimates indicate US retail sales edged up 0.4% last month, with growth in the job market spurring increased consumer willingness to spend money. The projected increase is the largest in three months and follows smaller increases of 0.1% in April.
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Amazon expands test of grocery delivery service to Los Angeles
New York -- Amazon.com confirmed it is testing its online grocery delivery service in Los Angeles.
The online retail giant has been testing the service called Amazonfresh, in Seattle for several years. It confirmed Monday that it is now offering the service in Los Angeles, also on a trial basis. Reuters recently reported that the online retail giant will next target the San Francisco area.