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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 nation’s 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 Kohl’s, announced Thursday, offer the latest evidence of consumers’ 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 Buy’s shares rose on Thursday as the nation’s 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.
Friends, family mourn teen killed outside Plantation Best Buy amid search for shooter
Read full article: Friends, family mourn teen killed outside Plantation Best Buy amid search for shooterThe search continues for the person or persons who opened fire outside a Plantation Best Buy over the weekend, striking four people.
Police: Teen killed, 3 injured in targeted shooting outside Plantation Best Buy
Read full article: Police: Teen killed, 3 injured in targeted shooting outside Plantation Best BuyPolice in Broward County are investigating a shooting outside a Best Buy store that sent four people to the hospital over the weekend, one of whom has since died.
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 Macy’s 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 nation’s 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 nation’s 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.
Last-minute shoppers wait in line at area stores in pandemic-era holiday
Read full article: Last-minute shoppers wait in line at area stores in pandemic-era holidayPEMBROKE PINES, Fla. – A pandemic didn’t seem to affect the procrastinators waiting in a long line to get into Best Buy in Pembroke Pines. Around 11 a.m. Thursday, the line was moving, but it was wrapped around the building. Miguel Figueroa picked up some last minute Christmas gifts at Target in Pembroke Pines Thursday. One last minute shopper told us that everything is practically sold out on line, so she was ready to get in line at Best Buy. Many of the stores were trying to limit how many people were indoors at one time, so shoppers were finding long lines outside of stores waiting to get in.
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 – 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 – 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%.
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 – 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.
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.
Retailers promise speedy delivery, tech in-store for holiday shoppers
Read full article: Retailers promise speedy delivery, tech in-store for holiday shoppersGetty Images via CNN(CNN) - Walmart, Target and Best Buy this week rolled out plans to woo shoppers during the holidays, focusing on early deals, speedier deliveries and beefed-up service in stores. "This year is a bit unique for our customers," Steve Bratspies, Walmart chief merchandising officer, said on a call with reporters. Walmart has started to offer free next-day delivery on orders over $35 for more than 200,000 items. Best Buy said Tuesday that it would offer next-day delivery on thousands of smaller items such as tablets and headphones. The National Retail Federation estimates retail sales in November and December will grow between 3.8% and 4.2% compared with a year ago.
Family of Boca Raton woman fatally beaten, burned during washer and dryer delivery sues Best Buy
Read full article: Family of Boca Raton woman fatally beaten, burned during washer and dryer delivery sues Best BuyWEST PALM BEACH, Fla. - The family of a 75-year-old woman who was fatally beaten and burned by a Hialeah man who delivered a washer and dryer to her Boca Raton home is suing Best Buy. Evelyn Smith Udell, 75, was fatally beaten and burned by a man who was hired to deliver and install a washer and dryer she bought from Best Buy. According to the lawsuit, Best Buy retained third-party companies J.B. Hunt and XM Delivery to deliver and install the appliances. Instead, the lawsuit claims, the retail giant accepted the employees of J.B. Hunt and XM Delivery "as employees of Best Buy." "If you're going to use the word 'best' before Best Buy, they should have the best background and daily monitoring in the industry," Morgan & Morgan attorney Nick Panagakis said.
Lawsuit filed against Best Buy after Boca Raton woman killed at home
Read full article: Lawsuit filed against Best Buy after Boca Raton woman killed at homeA lawsuit has been filed against Best Buy after a Boca Raton woman was savagely beaten and burned by a man who went to her home to install a washer and dryer. Copyright 2019 by WPLG Local10.com - All rights reserved.
Man caught on camera stealing headphones from Best Buy in Pembroke Pines
Read full article: Man caught on camera stealing headphones from Best Buy in Pembroke PinesPEMBROKE PINES, Fla. - Pembroke Pines police are searching for a man they said stole two stereo headphones from a Best Buy store earlier this month. The incident was captured on surveillance video around 7:30 p.m. Sept. 8 at the Best Buy at 11450 Pines Blvd. According to authorities, the man took the headphones, valued at $259, off a shelf and concealed them in one of his pants pockets. He then left the store without paying for the merchandise, police said. Anyone with information about the man's identity is asked to call Detective Aju Thomas at 954-431-2225.