INSIDER
Amazon says in a federal lawsuit that the NLRB's structure is unconstitutional
Read full article: Amazon says in a federal lawsuit that the NLRB's structure is unconstitutionalAmazon is challenging the structure of the National Labor Relations Board in a lawsuit that also accuses the agency of improperly influencing the outcome of a union election at a company warehouse more than two years ago.
Best Buy reports another drop in quarterly sales amid cautious buying but business is stabilizing
Read full article: Best Buy reports another drop in quarterly sales amid cautious buying but business is stabilizingBest Buy, the nationโs largest consumer electronics chain, reported another quarterly drop in sales due to Americans pulling back on purchases of appliances and consumer-electronics gadgets to focus on essentials.
Best Buy and Kohl's extends streak of quarterly sales slumps as Americans focus on the essentials
Read full article: Best Buy and Kohl's extends streak of quarterly sales slumps as Americans focus on the essentialsThe earnings results from Best Buy and Kohlโs, announced Thursday, offer the latest evidence of consumersโ cautious spending amid a challenging economic environment.
Best Buy's shares up after chain posts smaller-than expected sales decline for 4Q
Read full article: Best Buy's shares up after chain posts smaller-than expected sales decline for 4QBest Buyโs shares rose on Thursday as the nationโs largest consumer electronics chain posted a smaller-than-expected sales decline for the fiscal fourth quarter, signaling that the bottom of spending for gadgets may be in sight.
American consumers more confident in November as holiday shopping season kicks into high gear
Read full article: American consumers more confident in November as holiday shopping season kicks into high gearAmerican consumers are feeling slightly more confident this month as the all-important holiday shopping season kicks into high gear.
Retailers are ready to kick off Black Friday just as shoppers pull back on spending
Read full article: Retailers are ready to kick off Black Friday just as shoppers pull back on spendingRetailers are kicking off the unofficial start of the holiday shopping season on Friday with a bevy of discounts and other enticements.
Best Buy recalls nearly 1 million pressure cookers after reports of 17 burn injuries
Read full article: Best Buy recalls nearly 1 million pressure cookers after reports of 17 burn injuriesBest Buy is recalling nearly 1 million pressure cookers and separate inner pots due to a defect that can cause hot foods to spew out, posing burn hazards.
Quarterly results from Best Buy, Ralph Lauren and Dollar Tree show divergence in consumer spending
Read full article: Quarterly results from Best Buy, Ralph Lauren and Dollar Tree show divergence in consumer spendingAs inflation on necessities like groceries remains stubbornly high, the well-heeled consumer appears to still be spending, while the lower-income shopper continues to cut back their purchases, according to the latest batch of earnings reports.
Macy's, Best Buy 4Q reports underscore consumer slowdown
Read full article: Macy's, Best Buy 4Q reports underscore consumer slowdownThe latest earnings reports from Macyโs and Best Buy show that consumers are still cutting back their spending on clothing and gadgets as inflationary pressures on everything from food to gas are straining household budgets.
Best Buy Q2 results fall amid softening demand for gadgets
Read full article: Best Buy Q2 results fall amid softening demand for gadgetsBest Buy posted declines in fiscal second-quarter profits and sales as the nationโs largest consumer electronics chain struggled with weakening consumer demand for gadgets and high costs that rippled through its supply chain.
Best Buy reports Q4 sales miss hurt by supply chain clogs
Read full article: Best Buy reports Q4 sales miss hurt by supply chain clogsBest Buy reported a shortfall in sales for the holiday quarter as the nationโs largest electronics chain struggled with limited supplies of holiday products and was forced to reduce store hours because of a shortage of workers due to omicron.
Consumer prices up 5.7% over past year, fastest in 39 years
Read full article: Consumer prices up 5.7% over past year, fastest in 39 yearsU.S. consumer prices rose 5.7% over the past year, the fastest pace in 39 years as a surge in inflation battered Americans as the holiday shopping season was getting under way.
Help Me Hank: Closer look at Cyber Monday deals, online shopping safety
Read full article: Help Me Hank: Closer look at Cyber Monday deals, online shopping safetyCyber Monday is finally here, the biggest online shopping day of 2021. Itโs expected there will be $11 billion in sales worldwide today alone with an estimated 188 million shoppers making purchases.
Metro Detroit mother battles Best Buy for refund after canceling order due to shipping delays
Read full article: Metro Detroit mother battles Best Buy for refund after canceling order due to shipping delaysA woman purchased a laptop from a Best Buy store in Southfield and when she faced major shipping issues she decided to get a refund instead -- but the refund didnโt come until Help Me Hank got involved.
Holiday trends to watch: Adult Play-Doh; stores that ship
Read full article: Holiday trends to watch: Adult Play-Doh; stores that ship(AP Photo/Craig Ruttle)NEW YORK โ The pandemic is turning this into a holiday shopping season like no other. And with more people shopping online, stores are doing double duty as shipping centers to try to get gifts to doorsteps as fast as possible. Meanwhile, Best Buy says that 340 of its stores are being specially designated to handle a higher volume of online orders, though all its stores ship e-commerce packages. Its goal: to have the 340 stores ship more than 70% of its ship-from-store units during the holiday quarter. Typically, 25% of holiday shopping is based on impulse, according to Marshal Cohen, chief industry advisor at NPD Group, a market research firm.
Weak 0.3% US October sales gain spreads some holiday unease
Read full article: Weak 0.3% US October sales gain spreads some holiday uneaseNEW YORK โ Retail sales in the U.S. grew a sluggish 0.3% in October, even as retailers offered early holiday discounts online and in stores. Economists had expected sales to rise 0.5%, already a significant tail off from September's gain of 1.6%. Sales rose at home and garden stores, electronics and appliance stores, and online retailers. Nationwide, spending fell to 7.4% below a year ago, JPMorgan said, a drop of about 2.5 percentage points from two weeks earlier. Yet at clothing stores and sporting good shops, sales fell more than 4%.
Amazon Prime day marks the new start of the holiday shopping season
Read full article: Amazon Prime day marks the new start of the holiday shopping seasonAmazon kicked off two days of Prime Day deals and a slew of retailers are following suit with major discounts. READ: Amazon Prime Day starts today: Here are some of the best discountsThe days of waiting until Black Friday are over. Walmart, Target, Best Buy, Kohlโs and other retailers have said they will remain closed on Thanksgiving due to the pandemic and the growth of online shopping. Amazon Prime day started Tuesday morning and continues into Wednesday. There are stores offering big online deals to compete including Target, Walmart, Best Buy, Kohls and Hom Depot.
Pandemic pushes start of holiday shopping earlier than ever
Read full article: Pandemic pushes start of holiday shopping earlier than ever(AP Photo/David Zalubowski)NEW YORK โ Add last-minute holiday shopping to the list of time-honored traditions being upended by the coronavirus pandemic. Black Friday has long been the unofficial start to the U.S. holiday season, though retailers have been pushing holiday shopping earlier for the last decade or so. The first big holiday push will come from Amazon, which is positioning its mid-October Prime Day as a kickoff to the holiday shopping season. Even with the early start to the season, holiday sales are expected to deliver smaller gains than in recent years. Joel Bines, who runs the retail practice at AlixPartners, thinks the earlier shopping will stick even when the pandemic is over.
What will Black Friday look like amid the pandemic?
Read full article: What will Black Friday look like amid the pandemic?DETROIT โ The 2020 holiday shopping season will be very different due to the COVID-19 pandemic. Sept. 11, 2020: Michigan coronavirus (COVID-19) cases up to 110,832; Death toll now at 6,578Black Friday is so last year. Home Depot is one of many retailers that are passing on Black Friday deals. Amazon will start offering deals Oct. 26. Walmart, Target, Best Buy, Target, Kohlโs and other retailers have said they will remain closed on Thanksgiving due to the pandemic and the growth of online shopping.
Best Buy will be closed on Thanksgiving Day amid coronavirus pandemic
Read full article: Best Buy will be closed on Thanksgiving Day amid coronavirus pandemicBest Buy announced Tuesday that all of its stores will be closed on Thanksgiving Day this year amid the coronavirus (COVID-19) pandemic. Best Buys announcement comes just after both Walmart and Target announced that they will be closed on Thanksgiving Day this year due to the pandemic. Many American stores offer a jump-start on Black Friday shopping by opening a day early to customers on Thanksgiving Day. As the threat of the COVID-19 pandemic worsens throughout much of the U.S., stores are beginning to rethink their Black Friday plans -- which often include large crowds and chaos. Related: Walmart, Sams Club to require masks in stores amid COVID-19 pandemic
Walmart latest retailer to require customers to wear masks
Read full article: Walmart latest retailer to require customers to wear masksLast week, Starbucks announced that customers who visit its company-owned cafรฉ locations in the U.S. will be required to wear face coverings. Costco Wholesale Club was one of the first major retailers to require face coverings for customers at all of its stores. โI think Walmart's decision will give cover to other retailers to require masks," said Michael J. Hicks, an economist at Ball State University in Muncie, Indiana. Social media is full of videos capturing clashes between those who are asked to wear masks, and employees who are under orders to make sure people wear them. About half of U.S. states require masks in public places, according to the RILA.
Businesses weigh reopening - or close again - as cases rise
Read full article: Businesses weigh reopening - or close again - as cases riseBusinesses reopening across states after months of shutdown have been met with fanfare. Its not the reopening businesses were hoping for. Apple, which started reopening its stores May 11, has closed at least 32 stores in hot spots like Florida and Texas. Some businesses have been requiring customers and employees to sign a waiver saying they wont sue if they get sick. Adam Orman, who runs LOca dOro Italian restaurant in Austin, Texas, may delay a planned July 30 reopening for outdoor seating.
US consumer spending up 8.2%, partly erasing record plunge
Read full article: US consumer spending up 8.2%, partly erasing record plunge(AP Photo/Jim Mone)WASHINGTON American consumers increased their spending by a sharp 8.2% in May, partly erasing record plunges the previous two months, against the backdrop of an economy thats likely shrinking by its steepest pace on record this quarter. In May, those stimulus checks were no longer counted as income for most people. Besides whatever unemployment aid states are providing to the 30 million jobless Americans, the federal government is providing $600 a week in additional benefits. Without the stimulus checks or an extension of unemployment aid, it's unclear whether consumers will keep spending freely. It shows that consumers have gradually but consistently increased their spending since the government distributed the stimulus checks in mid-April.
Pandemic highlights big box stores' ability to pivot
Read full article: Pandemic highlights big box stores' ability to pivotNEW YORK Late last year, Best Buy began testing curbside pickup at select stores as a way to respond to customer needs. Macys sales were down 45% and the company says it could have a loss of at least $1 billion in the quarter. Still, it shows how the pandemic is deepening the divide between big box stores and mall-based clothing chains. Target's CEO Brian Cornell said its stores were directly involved in supplying goods for 80% of online sales. It expects another 80 Macys stores to open for Memorial Day weekend and most of its stores, including its flagship stores in Manhattan, to open in mid-June.
Thanksgiving 2019: List of stores open, closed for early Black Friday shopping
Read full article: Thanksgiving 2019: List of stores open, closed for early Black Friday shoppingIts the ever controversial time of the year to debate if stores should open on Thanksgiving evening for early holiday shopping! The trend really picked up a few years ago, but there has been a noticeable push back by consumers, and some stores have backtracked on plans to open on the evening of Thanksgiving. Nonetheless, many stores will open on Thanksgiving this year. Heres a look at whos open and whos closed. Stores opening on ThanksgivingBest Buy (opens at 5 p.m.)Bed Bath and Beyond (first time opened on Thanksgiving)Big Lots!
Millennial Money: Secrets of a Black Friday Shopper
Read full article: Millennial Money: Secrets of a Black Friday ShopperSome people cringe at the thought of shopping on Thanksgiving or Black Friday, but I revel in it. You can snag savings throughout November, but despite early deals, retailers like Walmart, Target and Best Buy reserve some of their best bargains for Thanksgiving Day and Black Friday. Retailers like Amazon, Best Buy and Kohl's have done this in the past. Years prior, I stood in a two-hour line at Best Buy to purchase a single TV. Select the best deals and stick to those items.
Man wanted in connection with shoplifting case at Bloomfield Township Best Buy store
Read full article: Man wanted in connection with shoplifting case at Bloomfield Township Best Buy storeThe man was accompanied by a black female child, about 6 years old, with braids and white beads in her hair. (WDIV)BLOOMFIELD TOWNSHIP, Mich. - Police are searching for a man wanted in connection with a case of shoplifting that happened recently at the Best Buy located at 2169 Telegraph Road in Bloomfield Township. On Friday, Bloomfield Township police responded to the Best Buy store on a retail fraud complaint. The man was caught on video surveillance entering a restroom with store merchandise. Evidence was found in the restroom that led officers to believe the man removed two Nintendo Switch 2 games.
Man wanted for stealing $868 worth of Apple products from Utica store, police say
Read full article: Man wanted for stealing $868 worth of Apple products from Utica store, police say(WDIV)UTICA, Mich. - Utica police are searching for a man accused of stealing $868 worth of Apple products. (WDIV)A suspected Apple products thief in Utica. (WDIV)A suspected Apple products thief in Utica. (WDIV)A suspected Apple products thief in Utica. (WDIV)A suspected Apple products thief in Utica.
Police say 3 people stole $1,200 worth of smart thermostats in Utica
Read full article: Police say 3 people stole $1,200 worth of smart thermostats in UticaUTICA, Mich. - Police are hoping to identify three people accused of stealing $1,200 worth of smart thermostats in Utica. Detectives said the thermostats were stolen from a Best Buy store. Police released a photo of the woman and two men suspected of being involved. Anyone who recognizes the people in the photo above or has information about the incident is asked to call Utica police at 586-731-2345. Copyright 2019 by WDIV ClickOnDetroit - All rights reserved.
Here's what stores and restaurants are open, closed on 4th of July
Read full article: Here's what stores and restaurants are open, closed on 4th of JulyHere's a list of stores and restaurants that are open or closed on this 4th of July holiday. Stores open: Aldi, Bed Bath and Beyond, Best Buy, Big Lots, CV, Home Depot, Kmart, Kohl's, Lowe's, Meijer, Menards, Michaels, Nordstrom and Rack, PetSmart, Sam's Club, Target, Walgreens, Walmart, Whole FoodsStores closed: CostcoRestaurants open: Applebees, Benihana, Bonefish Grill, Boston Market, Buca di Beppo, Buffalo Wild Wings, Burger King, California Pizza Kitchen, Chipotle, IHOP, Olive Garden, Panera BreadCelebrate Independence Day with The Salvation ArmySave big at The Salvation Army thrift stores during the annual Fourth of July Sale. Visit any of the 35 southeast Michigan locations to enjoy 50 percent off men's, women's and children's clothing on Thursday, July 4. All stores will have extended hours from 7 a.m. to 10 p.m. for the one day sale. Copyright 2019 by WDIV ClickOnDetroit - All rights reserved.