Sears to Close Twenty Stores in Latest Turnaround Move
Real estate owner Seritage confirms 18 Sears and 2 Kmart store closings in a government filing as the struggling retailer trims footprint. Nevada regulators plan to issue July 1 recreational pot licenses, with up to 25 medical dispensaries in Las Vegas and four in Reno awaiting compliant inventory and labeling. Italy’s farm lobby warns of nationwide production drops due to heat and drought as authorities ration water and declare emergencies.
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Seritage
Kmart
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Las Vegas
Reno
State Department of Taxation
Stephanie Klopstein
Italy
Britain One Year After Brexit Facing Slowing Economy
One year after the vote to leave the EU Britain defied early recession fears yet now faces slowing growth and rising inflation. The pound fell sharply, exports gained while imports pricier, and services like banking loom large in EU trade talks as London’s status wanes.
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Britain
International Monetary Fund
Europe
Greece
France
Kit Juckes
Societe Generale
Auto makers face mixed U S pickup demand through May
Automakers GM Ford and Fiat Chrysler control over 90 percent of the U S pickup market and earnings from pickups matter. Analysts note pricing discipline supports profits even if overall sales ease. Through May Ford F-Series up 8 5 percent Ram up nearly 8 percent and Silverado up 29 percent in midsize variants amid higher prices.
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U.S
Detroit
General Motors
Ford
Fiat Chrysler
Cit
Michael
Kelley Blue Book
Bed Bath & Beyond Sees Slump Deepen Amid Earning Drop
Bed Bath & Beyond tumbled to an eight year low after reporting a drastic earnings slump and warning of possible annual guidance revision. The retailer noted strong online growth but store transactions waned, prompting Scattered Management to reassess trends.
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Bed Bath & Beyond
Waeteen i
Secatter Management
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Ene
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