Retail Stores See Sales Rise 4 Percent in June
Retail Metrics Inc reports same store sales up 4.1 percent from a year earlier, the largest jump since January. Ken Perkins cites improving jobs, lower gas prices, warmer weather, and stronger macro conditions as drivers, with Discounters like Stein Mart up 6.5 percent and Costco up 6 percent in comparable sales.
MENTIONED IN THIS ARTICLE
Ken Perkins
Perkins
Stein Mart Inc
Jim Slosiarek
the Gazette
Costco
Coralville
Carmakers lag with nav systems in the digital shift
Tim Nixon of General Motors OnStar notes sons use iPhone map apps by sticking phones to the windshield, challenging expensive onboard nav systems. GM offers a $50 iPhone map app that streams to the Chevrolet Spark dashboard as automakers face booming mobile navigation and rising market pressure. IHS Automotive forecasts in-car navigation installations will rise from $13.8 million to $32.7 million by 2019.
MENTIONED IN THIS ARTICLE
Tim Nixon
General Motors Co
OnStar
Nixon
IHS Automotive
Back to the Futures briefs weekly commodity talk
Every Friday at 7 the Gazette presents Back to the Futures a quick discussion of the week’s grain livestock gasoline prices and other topics with links to further details.
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