Santa might have to work overtime this holiday season as retail sales surged in November by a stronger-than-expected 0.7 percent, up more than 5 percent from a year ago, the Commerce Department reported. A sharp drop in energy prices is giving consumers more spending power and they appear to be using it. Continue reading “Falling gas prices raise holiday spending prospects”
Walk past the storefront of Maya Mueble in Chicago’s Lakeview neighborhood and its one-of-a-kind designs might catch your eye: the intricate hand-crafted iron and vinyl chairs that line up behind the glass windows burst with radiant blue and tangy-orange hues.
Target Corp.’s shares soared more than 6 percent Wednesday after the retail giant reported stronger-than-expected third-quarter earnings. The results — the best for the company since a costly computer breach marred its 2014 holiday shopping season — were fueled by strong sales in both the U.S. and Canada.
In an encouraging sign for the labor market, a government report that tracks the rate of U.S. job openings and turnover showed the highest rate of hiring in more than six years in September.
Community members from twenty local non-profit organizations and unions rallied in downtown Chicago on Tuesday to push for a higher minimum wage, Chicago Housing Authority reform and an elected school board. Continue reading “Take Back Chicago takes on the Chicago Loop”
A successful retail brand can usually rely on walking human billboards to increase awareness of its products. Need proof? Take a look at consumers in any major metropolitan region, where pricey logos adorn shoes, handbags and even tech products.
The U.S. trade deficit widened in September, with exports falling to the lowest level since April, signaling a slowing in global demand for U.S. goods. Continue reading “U.S. Trade Deficit Widens to $43 Billion in September”
Brunswick Corp. shares moved higher Thursday after the boat and sporting-goods maker, helped by stronger sales in all three of its major segments, turned in third quarter earnings that exceeded Wall Street estimates. Continue reading “Brunswick Corp.’s latest earnings motor past estimates”
Chicago-based energy provider Exelon Corp. has joined with two partners to build a demonstration power plant that will generate electricity from natural gas while eliminating all air emissions, including carbon dioxide.
The lifeline for fashion trends varies depending upon the season, but retail sporting-good companies are banking on the longevity of a particular consumer market: “athleisure” or retail goods focused on women and their athletic and leisure pursuits.
“You are seeing retailers take away from other categories or other areas of the store to make room for sports apparel, just because it’s on fire,” said Poonam Goyal, Bloomberg Intelligence U.S. retailing senior analyst, “growing much faster than the rest of their apparel.” Continue reading “The rise of the “athleisure” brand: how companies are tapping into women consumers”