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In 2022, the National Retail Federation identified Los Angeles as the city with the worst organized retail crime problem, ahead of the San Francisco/Oakland region, New York City and Houston.
Retail sales ticked up 0.1% from July to August, after jumping the most in a year and a half the previous month, the Commerce Department said Tuesday. Online retailers, sporting goods stores, and ...
U.S. retail sales unexpectedly rose in August, suggesting that the economy remained on a solid footing through much of the third quarter. Retail sales increased 0.1% last month after an upwardly ...
Bloomberg News reported on July 7 that Ascena Retail Group, parent company of Ann Taylor Loft, Justice, and Lane Bryant, would file for bankruptcy. [49] On July 23, the company filed for Chapter 11 bankruptcy and announced it plans to close stores, with a "significant" number of closures for the Justice stores. [citation needed]
The following retailers have all either closed or announced plans to close large numbers of retail locations, since 2010, during a time period labelled a "retail apocalypse" by media, accelerated by both the increase in online shopping and then by the economic impact of the COVID-19 pandemic.
The retail chain racked up losses of $2.1 billion in its brief lifespan, and the Canadian news media termed Target's foray into Canada as a "spectacular failure", [47] "an unmitigated disaster", [48] and "a gold standard case study in what retailers should not do when they enter a new market". [49]
A Washington, D.C., councilmember introduced a bill Tuesday to allow retail shops to go cashless to combat ongoing robberies and burglaries in the city.
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