Black Friday pulled in a record $6.22 billion in online sales, up 23.6 percent from a year ago, according to a new report. The Friday after Thanksgiving this year was also the first day in history to see more than $2 billion in sales stemming from smartphones, said Adobe Analytics, which tracks transactions for 80
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
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,
Corporate scandals can be costly to investors in the immediate term, but employees who blow the whistle on wrongdoing help their companies become more profitable in the long run, according to a new study. In a detailed analysis written by Kyle Welch of George Washington University and Stephen Stubben of the University of Utah, companies
The CEO of Guggenheim Partners and his business associates are pledging more than $20 billion of their personal wealth to backstop insurers associated with the firm should they experience financial troubles, according to a Wall Street Journal report. The highly unusual arrangement, detailed by The Journal in a published report on Saturday, comes six years
Whether you’d like to give away several thousand bushels of soybeans or a prehistoric fossil, there just might be a charity that’s willing to receive it. Year-end tends to be a busy time for individuals who are in a giving mood. Donors seeking a break on their 2018 taxes must make their charitable contributions before
The US retirement crisis(c) canstockphoto.com / focalpoint The private pension system in the US is in transition from defined benefit plans to defined contribution plans. On balance, this may be a step in the wrong direction. The jury is still out, however, and much will depend on how defined contribution plans evolve in the future.
Researchers at the University of Texas (UT) reported Tuesday that they have developed a vaccine that could arm the body to attack Alzheimer’s plaques and tangles before they even start to shut down the brain. They hope to begin testing the vaccines in humans soon. Their new vaccine for the first time has targeted both amyloid-containing
Big-box retailers such as Target and Walmart are capitalizing on the demise of Toys R Us this holiday season, and it’s paying off, according to industry leaders. The well-known toy retailer, which shuttered its U.S. stores in June, accounted for 15 to 20 percent of the country’s total toy sales in 2017, based on estimates
Chinese investors monitor stock prices at a brokerage house in Beijing, Wednesday, Oct. 31, 2018. (AP Photo/Mark Schiefelbein)ASSOCIATED PRESS The author owns shares in Berkshire Hathaway (NYSE: BRK.B), Cracker Barrel Old Country Stores (NASDAQ: CBRL), Franco-Nevada Corp. (NYSE: FNV), National Presto Industries (NYSE: NPK), and the Schwab Strategic U S TIPS ETF (NYSEARCA: SCHP). Billionaire hedge fund manager
Share to facebook Share to twitter Share to linkedin Happy volunteers joining hands in huddleGetty There are just 38 days left in 2018. As the calendar year winds down, charitable organizations know ’tis the season for folks to write out checks, drop canned goods at the soup kitchen, and toss coins in buckets on their way to do some
On Thanksgiving Day 2018, as I pondered things to be thankful for, one of them was that I am not Marc Howard Berger, a CPA, retired from a large regional firm where he was a tax partner. Last week he was denied retrial on his July 18 conviction on three counts of aiding and assisting the
The Last Bookstore surrounds you with book loveThe Last Bookstore In Japanese, the word “tsundoko” means buying books and letting them pile up around the house. It’s also a worthy life goal. Books in the home are strongly linked with academic achievement and success, and reading a printed book is different than staring at a
Debra Newell of Dirty John.Debra Newell On October 2nd, 2017 Wondery premiered a true crime podcast called Dirty John. A co-production with the Los Angeles Times, it had ten million downloads within the first six weeks of release. Audiences were hooked on the harrowing story of what happened when successful Southern California interior designer Debra Newell starting dating
Share to facebook Share to twitter Share to linkedin The 19 Best Places to Travel in 2019 BELMOND CAP JULUCA What’s on your travel wish list for 2019? Veteran travel editor Laura Begley Bloom asked some of the world’s top vacation experts to find out where they want to go next. From a colorful beach town
Shoppers pulled out their phones and shopped on Thanksgiving Day to spend more than they ever have before, potentially stealing some of Black Friday’s thunder. Consumers in the U.S. had spent $1.75 billion online by 5 p.m. ET Thursday, up more than 28 percent from a year ago, according to Adobe Analytics, which tracks transactions
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.
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.
Apple is planning to help its wireless carrier partners subsidize the costs of cutting the iPhone XR price in Japan, The Wall Street Journal said on Thursday. It’s the latest signal the iPhone XR isn’t selling as well as expected. Earlier this month, Nikkei reported that Apple had asked suppliers to cancel plans to boost
For Mackenzi Farquer, Small Business Saturday is a big deal. The owner of Queens, New York-based Lockwood gift shop, which sells kitchenware, clothing and paper goods, says often there’s barely room to stand in her locations on the retail holiday, sandwiched in between Black Friday and Cyber Monday. “It’s our busiest day of the year,”