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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 17, 2021
Page
11
Eastern Iowa stock numbers show a mixed session with declines for Ingreuiun and ProctGam RayTech, while PepsiCo and MidWOne edge higher. Leaders include 3 0.39 point drop for some listed issues and modest gains for select names in a narrow trading day.
U S retail purchases rose 0.6 percent in June led by electronics and appliance outlets clothing stores and restaurants with autos down 2 percent amid tight auto supply. Non store retailers and gas stations also rose while overall receipts reflect price changes as well as demand.
The industry contends with low occupancy, lingering pandemic precautions, and staff shortages that keep some hotel services curtailed. Executives like Jacob Hawkins of Holiday InnExpress stress guest safety while guests report inconsistent housekeeping and limited room service despite a travel rebound.
GameStop plans to transform into a major e commerce retailer by expanding its fulfillment footprint. The company leased a 700000 square foot center in York Pennsylvania and a 530000 square foot facility in Reno Nevada, adding over 1 million square feet so far to speed east and west coast shipping. Analysts see a window of opportunity as investors await details on Cohen led strategy including tech, customer care and product catalog growth.
Better Business Bureau Give.org and Donor Trust report findings from surveys of over 2,100 US adults and 1,000 Canadians show 47 percent are unclear on charity impact. Millennials favor efficiency, older respondents value program quality. long-term results matter more to many donors.
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