U S Home Sales Fall as Virus Slows Market
Washington reports a 17.8 percent April decline in existing home sales to a 4.33 million annual rate, the slowest since 2011, with prices up 7.4 percent from a year ago to 286800 amid tight supply. Regional drops hit West 25 percent and Northeast 16.9 percent. AstraZeneca secures vaccine deals and U S backing for 400 million doses. Coral Gables lays off 250 at Trump National Coral Miami as resorts adjust to pandemic.
MENTIONED IN THIS ARTICLE
Washington
National Association of Realtors
Lawrence Yun
The
Realtors Group
South
Midwest
David Feder
White House
Doral Resort
Macy's grim forecast signals pandemic hit on retail
Macy's warned of more than 1 billion dollars in losses and at least a 45 percent drop in first quarter sales as the coronavirus lockdowns paralyzed operations. The report underscores a widening gap between big box retailers and mall-based chains, with Neiman Marcus, Stage Stores, and J C Penney pursuing bankruptcy protection.
MENTIONED IN THIS ARTICLE
New York
Macy’s
Walmart
Target
L Brands
Victoria's Secret
Bath & Body Works
Best Buy
TJX Cos
T.J. Maxx
HomeGoods
Ken Perkins
Retail Metrics
Neiman Marcus
Stage Stores
J.C. Penney
Kohl’s
Michelle Gass
Big Box
Amazon
Perkins
Macy’s Department
Santa Ana
Calif
Chris Carlson
Restaurant chains see sales boost as dining reopens
NPD Group data show full service chains like Olive Garden and Applebee's saw year over year declines ease from 79 percent in early April to 58 percent by mid May as dining rooms reopen. Fast food down 41 percent then, down 21 percent by May 10 with Texas and Tennessee among open dining rooms reporting strong sales. Major chains drive 76 percent of traffic while independents lag in recovery. Applebee's President John Cywinski notes rising dine out demand.
MENTIONED IN THIS ARTICLE
U.S
Olive Garden
Applebee’s
NPD Group
Texas
Tennessee
NPD
Longtime Cincinnati news executive Keating dies at 93
William J. Keating 93 former U S representative and Cincinnati Enquirer president and publisher died after years of ill health. He served 25 years on the AP board and chaired AP 1987 1992. Keating led Gannett roles and helped form 1977 Enquirer Post joint operating agreement.
MENTIONED IN THIS ARTICLE
Cincinnati
William J. Keating
Ohio
Congress
Cincinnati Enquirer
Associated Press
Global News Organization
Gannett Co
Louis D. Boccardi
News
Keating
Boccardi
University of Cincinnati
U.S
The
Enquirer
Cincinnati Post
E.W. Scripps Co
Gannett
Detroit
Gannett’s
Knight-Ridder
Free Press
St. Xavier High School
U.S. Navy
Air Force Reserve
Hamilton County
Carl Lindner Jr
Lindner
Also Mentioned on This Page
AstraZeneca
London
Pascal Soriot
Serum Institute of India
Moderna
Sanofi
Trump Resort
Florida
Anne D'Innocenzio
America
John Cywinski
Wiscasset
Maine
Janet Mills
Robert F. Bukaty
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