Retail sales reversed their downward trend in July as Amazon Prime Day and major promotions by other brands prompted more shopping while wage increases gave consumers more money to spend, according to the National Retail Federation. The United States Census Bureau has...
According to the latest Institute for Supply Management Report On Business, economic activity in the services sector, including retail, expanded in July for the sixth consecutive month as the sector’s Purchasing Managers Index registered 52.7% down from 53.9% in June....
Although the advent of ChatGPT has gotten much attention lately, the impact of AI on retailing is ongoing and has a lot of potential if addressed from a business perspective. While conversations of the negative potential of AI have influenced the conversation, the...
Unseasonable weather was a contributing factor to the first sales and profit decline at Ace Hardware Corp. in more than six years, the cooperative asserted. In the first quarter, Ace recorded net income of $66.2 million, a decrease of 44.7% or $53.6 million, from the...
Economic activity in the services sector expanded in April for the fourth consecutive month as the Institute for Supply Chain Management Services Purchasing Managers Index, based on a poll of purchasing and supply executives in the United States, grew to 51.9%. Retail...
