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PublishedJuly 4, 2024
Parent company of Saks Fifth Avenue to buy rival Neiman Marcus for $2.65 billion
Online behemoth Amazon will hold a minority stake.
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PublishedMarch 18, 2024
Crafts retailer Joann files for Chapter 11 bankruptcy as consumers cut back on pandemic-era hobbies
Joann's bankruptcy filing arrives amid both a slowdown in discretionary spending overall and during a time consumers are taking a step back from at-home crafts, at least relative to a boom seen at the start of the COVID-19 pandemic.
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PublishedJanuary 17, 2024
Retail sales up strongly in December as Americans continue to spend
Economists had expected consumers to pull back on spending in the final 3 months of the year under the weight of credit card debt and delinquencies and lower savings.
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PublishedNovember 10, 2023
Maine’s first Costco set to open in one week
Costco opens next week in Scarborough, within a hub of commercial development.
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PublishedMay 23, 2023
Dollar General owes $320,000 for repeat safety violations at Penobscot County store
Federal investigators found the store in Enfield broke five safety standards, creating tripping hazards and greater risks of employee injury in the event of a fire.
Retailers
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