This is the second installment of a three-part series focusing on organized retail crime. In this segment, we explore the claims made by retailers regarding the impact of theft on their business and the actions being taken by companies and policymakers to address the issue. To read the first story, click here. According to CNBC, …
A UPS worker inspects an Amazon package for delivery in New York. Eduardo Munoz | Reuters Explore the trending companies in premarket trading. Sagimet Biosciences — Shares of the biopharmaceutical company surged 31% following an upgrade from Goldman Sachs. The firm emphasized Sagimet’s potential for significant gains due to advancements in its treatment for nonalcoholic …
The recent decision by the U.S. Supreme Court to strike down student debt forgiveness has not only reintroduced a significant expense into the budgets of millions of Americans, but it has also posed a new challenge for retailers trying to anticipate consumer spending patterns. The court’s ruling has halted President Joe Biden’s plan to forgive …
Landscaping crews in California, including Everthrive Landscape, have started using battery-powered tools. Meanwhile, Home Depot and Lowe’s have seen an increasing demand for battery-powered outdoor tools like leaf blowers, mowers, and string trimmers. The transition from gas-powered to electric-powered tools could potentially boost sales for the home improvement retailers, which have experienced weaker store traffic …
The Inform Consumers Act, a new legislation aimed at addressing organized retail theft and the sale of counterfeit and harmful products on online platforms, is set to take effect. The law requires online marketplaces like Amazon and eBay to verify and share information on high-volume third-party sellers in order to discourage the sale of stolen …
Nearly all Americans are reducing their spending in some way, according to a recent survey conducted by CNBC and Morning Consult. The survey reveals that 92% of Americans are cutting back on their expenses, providing further evidence of cautious consumer behavior during the first quarter. Retailers like Walmart, Target, Home Depot, and Best Buy have …