Kohl's LA Is Desolate on Black Friday After Starting Deals Early
Retail stores are feeling the heat as many shoppers plan to do most of their holiday shopping online. Alyssa Julya Smith ventured out to Kohl's in Los Angeles on Black Friday to check out what's going on in retail outlets. She found that, at least in the morning, not a lot of shoppers turned out for the doorbusters and in-store deals.
In fact, 59 percent of U.S. shoppers say they plan to shop online this year instead of fighting crowds at the stores. U.S. shoppers spent more than $1.52 billion online by 5 pm ET on Thanksgiving evening, which is up nearly 17 percent from a year ago.
A lot of the slowdown in Black Friday shopping has to do with the "Amazon effect," which also has a lot of brick-and-mortar stores fighting to keep up. Big stores like Walmart, Target, Best Buy, and Kohls made their big deals available online, and well before Thanksgiving day, so many people are opting to shop from the comfort of their own home.
Make sure your love don't cost a thing this Valentine's Day to any scammers. Note: we're not talking about your partner that didn't do the dishes after saying they would.
Landing founder and CEO Bill Smith shares how the company’s new Nomad pass and partnership with Frontier Airlines allows subscribers unlimited airfare and accommodations.
The pandemic yielded government financial support and (eventually) a surprisingly strong job market — but racial wealth disparities grew. Why is it so difficult to close the wealth gap?
Plenty of retailers and suppliers are reducing the variety of their offerings to focus instead on what they think will sell best. Many businesses have decided less is better, justifying their limited selection by asserting shoppers don’t want so much choice.
Joe Pompliano, author of the Huddle Up newsletter, breaks down the biggest moments from Super Bowl LVIII, from potentially record-breaking viewership to Taylor Swift’s highly anticipated appearance.
David Wright, President and owner of Wright Financial Group, shares his thoughts on why the Federal Reserve seems hesitant to cut rates, and why regional bank stocks could help move the needle.
Disney and Fortnite-maker Epic Games will collab on making new video games with Disney characters. Hopefully it will be more than Mickey Mouse hitting the Griddy.
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs, leading to increased prices for chocolate. The company anticipates its full-year earnings per share being relatively flat, partly due to higher cocoa and sugar costs.