Illustration by Christina LocopoRetail has seen unprecedented upheaval over the last several years.Some of the industry's key decision-makers expect even more evolution ahead.Covid-related shocks have upended retail, after clogged ports and merchandise shortages gave way to excess inventory levels and shifting consumer demands amid persistent inflation. Those disruptions accelerated transformations in...
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January wholesale prices rise more than expected, another sign of persistent inflation
Wholesale prices rose more than expected in January, further complicating the inflation picture, according to a U.S. Department of Labor report Friday.The producer price index, a measure of prices received by producers of domestic goods and services, rose 0.3% for the month, the biggest move since August. Economists surveyed by...
Retail sales tumbled 0.8% in January, much more than expected
Consumer spending fell sharply in January, presenting a potential early danger sign for the economy, the Commerce Department reported Thursday.Advance retail sales declined 0.8% for the month following a downwardly revised 0.4% gain in December, according to the Census Bureau. A decrease had been expected: Economists surveyed by Dow Jones...
BRICS nations to see highest surge in millionaire count over the next decade — exceed the rise in G7 countries
(L to R) Brazil's President Michel Temer, Russia's President Vladimir Putin, China's President Xi Jinping, South Africa's President Jacob Zuma and India's Prime Minister Narendra Modi pose for a group photo during the BRICS Summit on September 4, 2017.Wu Hong | Afp | Getty ImagesMillionaire population in the BRICS countries...
After 8 months stuck in orbit, Varda’s drug spacecraft gets FAA approval to return
Varda's first manufacturing satellite and reentry vehicle attached to a Rocket Lab Photon bus.Rocket LabSpace startup Varda received long-awaited approval from the Federal Aviation Administration to bring its first spacecraft back to earth after a stint manufacturing drugs in space.Varda's small W-Series 1 capsule, or W-1, has been stuck in...