U.S. consumer confidence nudges higher in February
The Conference Board reports the February consumer confidence index at 130.7 up from 130.4 in January after a down revision. Sentiment about current business and labor conditions eased while expectations for the future improved. housing data show December prices up 2.9 percent year over year as mortgage rates stay low and supply tight.
MENTIONED IN THIS ARTICLE
Washington
U.S
Conference Board
Lynn Franco
S&p
Phoenix
Charlotte
North Carolina
Tampa
Florida
Chicago
New York
Amazon opens cashier free grocery store in Seattle
Amazon launches Amazon Go Grocery in Seattle, a 10,400 square foot cashierless market using app entry and sensor tracking. Items are charged to the shopper’s Amazon account after leaving the store, with guidance that grabbing items for others will incur charges.
MENTIONED IN THIS ARTICLE
New York
Amazon
Seattle
Amazon Go Grocery
Amazon Go
Whole Foods
Walmart
Los Angeles
Capitol Hill
Ted S. Warren
Abe urges flexible hours to curb Japan virus spread
Japanese Prime Minister Shinzo Abe called on companies to allow telework and for hospitals to expand capacity as Japan’s virus outbreak grows. With 860 total cases, he urged hygiene, cough etiquette and staying home when unwell, while firms like GumGum and NEC shift to remote work to reduce crowding on trains and in offices.
MENTIONED IN THIS ARTICLE
Tokyo
Shinzo Abe
Japan
Abe
China
South Korea
Economy, Trade and Industry
Hiroshi Kajiyama
Kajiyama
Trade Ministry
GumGum Japan
Naokazu Wakaguri
NEC
Dentsu Inc
Yokohama
Eugene Hoshiko
Macy's posts strong Q4 amid restructuring efforts
Macy's reported better than expected fourth quarter sales and profits as it winds down poorly performing stores and trims 2,000 corporate jobs. Shares rose briefly before retreating amid a broader market dip while the chain tests smaller formats and expands resale and off price initiatives. The retailer cites 125 store closures representing about 1.4 billion in annual sales and notes anticipated supply chain pressures from China.
MENTIONED IN THIS ARTICLE
Home Depot
Neil Saunders
Global Data Retail
U.S
S&p
Home Depot Inc
Zacks Investment Research
Atlanta
New York
Macy's
Nordstrom
Kohl's
J.C. Penney
T.J. Maxx
Penney
China
Jeff Gennette
Flushing
Queens
San Francisco
Union Square
Gennette
Asia
ThredUp
Bloomingdale's
Also Mentioned on This Page
Joseph Pisani
Associated Press
Macys
Macy’s Department Store
Macy’s
Bebeto Matthews
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