U.S. government data continue to show that traditional department stores are continuing to lose sales ground when compared to online retailers. Sales at all U.S. retailers increased 4.4 percent in December on an unadjusted basis from a year earlier, according to recently released Commerce Department figures.
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Canadian PM pledges to phase out oils sands
One the heels of a visit to Alberta by Jane Fonda, where she stated, “We don’t need new pipelines,” as she held a press conference at the University of Alberta where she also dismissed Canadian Prime Minister Justin Trudeau as a “good-looking Liberal” who couldn’t be trusted.
Read moreLyft generates $700 million in sales and $600 million in losses
Only in the new age of start-ups can you lose $600 million and still have a good year. That is the case for Lyft Inc., the second-largest ride-hailing startup in the U.S. behind Uber Technologies Inc. which lost about $600 million last year while increasing its revenue 250 percent to $700 million.
Read moreBeach Whiskey Company goes organic with Harvest
The Beach Whiskey Company, a national spirits company, has announced it has acquired American Harvest Vodka, which is an American-made organic vodka, putting the plan in place to have which will lead to American Harvest Vodka returning to shelves across the country this year.
Read moreWhere will President Trump drive the U.S. auto industry?
In just a few days President Elect,Donald Trump who won the presidency by winning the American heartland, will take office. Trump, who campaigned on making “America Great Again,” was in a constant battle with auto-industry leaders during the election, most prominently Ford’s CEO, Mark Fields over establishing manufacturing operations in Mexico and taking unwarranted credit for bringing production back to the US from Mexico.
Read moreWal-Mart going after larger online market share
Wal-Mart Stores Inc. is going after a larger online market share challenging industry leader Amazon.com Inc using its recently acquired Jet.com business, more selection and lower prices.
Read moreTrump going into the White House on a low
President-Elect Donald Trump’s inauguration is just a few weeks away, when Trump will be sworn in as the 45th President of the United States on the steps of the U.S Capital on Friday, January 20th.
Read moreThe Limited closes doors but stays online
Sun Capital, the private-equity firm that owns The Limited, makes the decision to close all 250 of its stores and laid off 4,000 workers as it now focuses its business online because of falling foot traffic at shopping malls.
Read moreTaco Bell puts $1 value back in the spotlight
$1 value menus are once again back in the spotlight, with Taco Bell learning from the mistakes made by McDonald’s and turning that into a gain for Taco Bell’s.
Read moreDrone Sales for Parrot get grounded
Parrot SA, maker of the smart phone controlled toy drones will cut a third of its staff after having to lower prices over the holidays to compete with industry rivals.
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