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U.S. retail spending grew 1.9% last month, delivering a slight boost of confidence amid a recent spate of signs that the economic recovery has lost momentum from the pandemic's toll.
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Preparing for both in-person and virtual learning has families budgeting for new school supplies like masks and bleach wipes as well as bigger purchases like laptops, speakers, desks and chairs.
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Ascena Retail Group is the latest clothing seller to try a restructuring during the pandemic when demand has cratered. The firm, which also owns Lane Bryant and Justice, will close some stores.
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Walmart and Sam's Club, as well as Kroger, join a growing list of retailers making masks mandatory in stores. The National Retail Federation is urging all stores to adopt the same policy.
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Another 1.5 million people file for unemployment benefits for the first time, but the number who are continuing to seek the payments continues to decline as workers return to their jobs.
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This episode originally aired on June 6, 2020.U.S. retail sales fell a record 16.4 percent in April, nearly double the previous record drop of 8.3 percent…
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Updated: 11:28 a.m., Thursday, June 18, 2020 Cleveland is temporarily freezing the spread of dollar stores in city neighborhoods. City council on Wednesday afternoon approved a moratorium on new zoning permits or occupancy licenses for small-box retail. The pause will last until Nov. 1, while the city drafts new regulations for such businesses.
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The company is making permanent a $2 bonus it created during the pandemic, as many retailers have been phasing out "hazard pay." Target previously planned to raise its pay minimum by the end of 2020.
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This episode originally aired on June 6, 2020.U.S. retail sales fell a record 16.4 percent in April, nearly double the previous record drop of 8.3 percent…
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U.S. retail sales fell a record 16.4 percent in April, nearly double the previous record drop of 8.3 percent set in March.Department stores and other…