The retailer, renamed Exemplar Luxury Group, is ditching anything that isn’t focused on high-end department store shopping.
Category: Shopping and Retail
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Saks Emerges From Bankruptcy With a New Plan and Corporate Name
The New York Times – Business: -
Apple Just Closed Its First Unionized U.S. Store
The New York Times – Business:The company said it had shuttered a Maryland location because of “declining conditions” in a surrounding mall. The union accuses Apple of retaliation.
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Retailers Say Squeezed Shoppers Are Focused on Deals
The New York Times – Business:Walmart, Target and TJ Maxx reported increases in sales, but shoppers are seeking out low-price items and cutting back in some categories, a potentially worrying sign for the U.S. economy.
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Walmart, Target and TJ Maxx Attract Shoppers Squeezed by Energy Prices
The New York Times – Business:The retailers reported increases in sales, even as higher fuel costs drove up the cost of everyday goods.
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Greg Hyman, Co-Creator of Tickle Me Elmo, Dies at 78
The New York Times – Business:An electronics wizard, he was already a veteran inventor when he collaborated with Ron Dubren on an idea for a toy that giggled. The rest is retail history.
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Powered by A.I., Google Changes Its Search Box for the First Time in 25 Years
The New York Times – Business:Using a new Gemini A.I. model, the tech giant is overhauling its search box to answer longer queries, introducing a video-generation and video-editing tool and simplifying online shopping.
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Calls for ‘No Seed Oil’ Push Companies to Order Up Butter and Beef Tallow
The New York Times – Business:Businesses are finding different (and more costly) ways to fry foods as shoppers demand alternatives to seed oils as part of the Make America Healthy Again movement.
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Calls for ‘No Seed Oil’ Push Companies to Order Up Butter and Beef Tallow
The New York Times – Business:Businesses are finding different (and more costly) ways to fry foods as shoppers demand alternatives to seed oils as part of the Make America Healthy Again movement.
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Consumers Spent More in April Despite High Gas Prices
The New York Times – Business:Retail sales rose 0.5 percent despite higher prices for gas, food and other goods. But there are signs consumers are under some strain.
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Fuel Prices Drive Sales of E.V.s, Just Not in the U.S.
The New York Times – Business:Electric vehicle sales have soared in Europe and much of the rest of the world, but Americans are still hesitant.
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EBay, the Old-School E-Commerce Site, Finds Its Place in Modern Retail
The New York Times – Business:The online marketplace has remade itself by focusing on collectibles and other high-end goods — and attracted an unwelcome takeover bid from GameStop.