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Retail sales to reach $4.9 trillion in 2015
New York - Retail sales in the U.S. will reach $4.87 trillion for the full year 2015. According to EMarketer analysis, this represents a 4% increase from 2014.
U.S. retail e-commerce sales will total approximately $350 billion in 2015, up 14% from $305.7 billion the prior year. Despite rapid growth, retail ecommerce will still account for just 7% of total retail sales in the U.S. during the current year, EMarketer estimates.
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Report: Kmart rebranding select stores to K-Fresh banner
New York -- The Kmart store in Chillicothe, Ohio, has scaled back its hours and grocery offerings in preparation for its switch from a 24-hour supercenter to the retail chain's new K-Fresh concept, according to a report by the Chillicothe Gazette.
The newspaper reports that the K-Fresh concept has been piloted at two stores, one in suburban Chicago and another in Hawaii.