Retail sales rise to strongest pace since 2007
Shoppers flocked to malls in February boosting the index by 3.7 percent, the best since November 2007. The gain signals renewed consumer spending with higher end buys seen at Nordstrom Macy’s and Target, aided by a shift from discounting to selective rewards. Saks Fifth Avenue expands discounted offerings to attract buyers.
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Toyota keeps tight lid on black box data in crash cases
An Associated Press review finds Toyota blocking access to event data recorders used in crashes tied to sudden unintended acceleration. The report notes inconsistent disclosure, proprietary software, and blank key data while other automakers share more details. The issue surfaces as recalls affect 8 million vehicles and 52 deaths are linked to accelerator problems.
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