Business

Traffic might appear lighter at some malls this holiday season, but that’s because people are shopping on their smartphones. Mobile spending during the holidays is expected to continue to climb this year, as retailers have been investing to improve their apps, and shoppers are growing more comfortable with ringing purchases up in just a few
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Foot traffic at malls and stores across the U.S. this past holiday weekend wasn’t as strong as last year, a retail tracking firm said Saturday, while a separate report suggested more consumers opted to shop online. Preliminary data tracking shoppers’ visits to physical stores Thanksgiving Day and Black Friday showed a year-over-year decline of 1
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There’s something about that smell, that new car smell, said Jeff Diesing a sales consultant at Chelsea Chevrolet Buick outside of Ann Arbor, Michigan. To people shopping for a new car, it’s almost like they’re sniffing the turkey as it cooks in the oven on Thanksgiving Day, he said. “It’s very distinctive and, in general,
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On the biggest shopping day of the year, U.K.-based trade union GMB is organizing a protest against Amazon for what it calls “inhuman” conditions for warehouse workers. Amazon has been under a microscope recently as it gets ready to bring 25,000 jobs to two new “headquarters” locations in Long Island City, NY and Arlington, Va.
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Macy’s CEO says the department store chain is prepared should additional tariffs on Chinese goods go into effect next year. “The first two tranches of tariffs have had very limited effects so far on the products we’re offering…” Macy’s CEO Jeff Gennette told CNBC from inside the retailer’s flagship Herald Square location on Black Friday.
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Autodesk this week agreed to buy construction software company PlanGrid for $875 million. The San Francisco-based start-up previously raised $69 million in funding from investors including YCombinator, Sequoia Capital and Tenaya Capital. PlanGrid enables real-time construction tracking for contractors and and architects. Autodesk “makes software for people who make things.” Beijing-based robotics company Geek+ completed
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Expect a photo opportunity, a “mock deal,” and temporary market relief from the much-touted meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping at the G-20 meeting, an economist said on Friday. “We don’t think this deal will be engineering a long-term truce between the two countries,” Bo Zhuang, chief economist and
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Amazon bought PillPack, an internet pharmacy start-up, earlier this year, leading to speculation that the e-retailer will soon start selling prescription drugs on its marketplace. Before that happens, Amazon may be preparing to provide the service to its own employees. PillPack recently applied for a string of new pharmacy licenses, primarily to ship drugs to
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