Tag Archives: retail

Health care bill gets score; retail earnings; celebrity commencement speeches

What’s in the Republican health care bill 1. The health care bill gets scored. The non-partisan Congressional Budget Office is set to release on Wednesday its score of the revised version of the American Health Care Act, which was passed by House Republicans earlier this month. The report could have a huge impact on efforts to get a version of the bill passed in the Senate, where a much slimmer majority exists for the Republicans. Earlier this year, a damning report from the CBO helped sink the first version of ...

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Robots could wipe out another 6 million retail jobs

Is the mall dead? Robots have already cost millions of factory jobs across the nation. Next up could be jobs at your local stores. Between 6 million to 7.5 million existing jobs are at risk of being replaced over the course of the next 10 years by some form of automation, according to a new study this week from by financial services firm Cornerstone Capital Group. That represents at least 38% of the current retail work force, which consists of 16 million workers. Retail could actually lose a greater proportion ...

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More retail earnings; SpaceX launch; Facebook's IPO-versary

America’s top retailers in trouble 1. More retail earnings: Walmart, Gap and Target are all announcing earnings this week. In the previous quarter, Walmart’s online sales grew faster than Amazon’s — a veritable coup for the brick and mortar mainstay. It’s not clear how much money it made off its digital business, but online growth is promising and reflects Walmart’s efforts to grow digitally: It bought online retailer Jet for about $ 3 billion last year, and ShoeBuy in January. Walmart’s also been expanding its online grocery business in an ...

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Trump does a China deal; Laptop ban; Retail pain

Click chart for more in-depth data. 1. Trump’s China trade deal: The 100-day action plan that President Trump and Chinese President Xi Jinping called for last month has produced its first tangible result. A new trade deal between the two countries will allow U.S. beef and natural gas exports to flow into China while opening up the U.S. market for cooked poultry and Chinese banks, the U.S. Commerce Secretary announced Thursday. 2. Laptop ban: European airlines and regulators are preparing for the possibility that the Trump administration could ban laptops ...

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Biggest fall in UK retail sales in seven years

UK retail sales posted their biggest quarterly fall in seven years in March, as the prices of everyday goods continued to climb. By volume, sales were down 1.4% on the preceding quarter, and down 1.8% compared with February 2017, according to the Office for National Statistics. In the quarter, they fell across all types of shop except those selling textiles, clothing and footwear. But the total amount spent was still higher than a year ago. ‘Clouds gathering’ Kate Davies, senior statistician at the ONS, said: “This is the first time ...

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Apple found guilty of price-fixing in Russia, strong-arming its retail partners

Apple has run into trouble with US regulators on several occasions to date, including its attempt to illegally collude with book publishers to manipulate eBook prices. Up until now, the company has never been accused of breaking the law on iPhone prices. Earlier this week, the Russian Federal Antimonopoly Service ruled Apple’s Russian subsidiary had illegally ordered its retail partners to sell the iPhone 5s, 5c, iPhone 6, 6 Plus, 6s, and 6s Plus only at its own specified prices. Furthermore, Apple monitored all 16 of its partners and would ...

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Record retreat; Oil slips; Retail bonanza

1. Stocks slide: Investors are coming back from the long weekend and they’re ready to sell. U.S. stock futures are pointing down and European markets are all declining in early trading, with some off by more than 1%. Let’s block ads! (Why?) Latest financial news – CNNMoney.com

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Nearly 44,000 retail workers have been laid off in 2016

America’s top retailers in trouble These are tough times for people working at department stores and other big mall-based retailers. Macy’s (M) announced on Thursday that it plans to close 100 stores. The company didn’t give any details about how many people would lose their jobs. Let’s block ads! (Why?) Latest financial news – CNNMoney.com

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Overwatch Heads to Retail a Day Early, But Only So You Can Get Ready for Launch Day

Those buying physical copies of Overwatch will be able to pick the game up a day before its official launch, though there has been no change to when its servers will actually be going online. Late last week, Best Buy began notifying those who preordered Overwatch that its release date had been shifted forward by a day, from May 24 to May 23. Contacted for comment at the time, Best Buy would only tell GameSpot that Overwatch would now be available on May 23, but playable on May 24. Blizzard ...

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Oculus shipping hardware to retail stores while pre-orders are delayed for months

One of the most difficult aspects of VR is how hard it is to actually convey the experience of using the device. It’s not the first time we’ve had this problem — both 3-D and multi-monitor configurations don’t translate well to still photos or even most video — but VR takes the problem and turns it up to 11. It is therefore good news that Oculus will be teaming up with Best Buy and offering VR headsets consumers can walk in and test-drive before plunking down $ 600 in cash. ...

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