Retail sales rise 3.6 percent in August beating forecasts
Major retailers report a 3.6 percent year over year gain in August same store sales led by Nordstrom up 21 percent and Gap up 9 percent. Off-price retailers Ross Stores and TJX rise 8 percent while Victoria's Secret parent Limited Brands up 8 percent. Wet Seal falls 18.3 percent amid CEO departure and discrimination suit.
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U S motorists feel less pain at the pump in July
U S gasoline prices showed Americans paid far less than Norwegians in July with premium at 3.75 per gallon versus 10.12 in Norway. The Bloomberg ranking puts the United States 49th among 60 nations, with noticeable gaps to Japan, China and India while prices hover near a yearly low.
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Willis' Brewpub and Eatery to open in Decorah
Decorah welcomes Willis' Brewpub and Eatery in the former Americana Grille space at 308 College Dr. Jason Marsing aims to open this fall to honor his grandfather Willis with gourmet bar food and local craft beers. The restaurant will serve lunch and dinner with weekend brunch and NFL Sunday Ticket games, while Marsing continues his hardware ventures.
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