Growth in the manufacturing sector economy grew at a slightly slower pace in January, but the overall U.S. economy achieved its 20th consecutive month of growth, according to the latest Manufacturing Institute for Supply Management Report On Business. The report,...
Amazon posted big profits in the fourth quarter but not from retail sales, which suffered from the COVID-19 pandemic, supply chain and labor woes that the company is addressing, but in part, by raising the fee it charges for Prime membership. Operating income turned...
According to the Deloitte 2022 Retail Industry Outlook, the pandemic has created the chance for a long-overdue retail reset that may help move many companies into a more stable, and profitable position. To achieve that, retailers will have to balance near-term...
Consumer spending on general merchandise finished 2021 up 15% versus the year earlier, with a 6% increase in unit sales, according to The NPD Group, and it wasn’t all holiday action. Although holiday shopping brought positive retail results, the early part of 2021...
In a move to support its expanding supply chain network and e-commerce business, Walmart announced plans to build a million square foot plus fulfillment center in Olive Branch, MS, to open this spring. The e-commerce-focused facility is part of a broader Walmart...
