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.
New York Attorney General Letitia James announced a lawsuit against PepsiCo Inc. on Wednesday, accusing the soda-and-snack food giant of polluting the environment and endangering public health after its single-use plastics were found along the Buffalo River.
Voting on a tentative contract agreement between General Motors and the United Auto Workers union that ended a six-week strike against the company appears too close to call after the latest tallies at several GM factories were announced Wednesday.
Microsoft is partnering with Warner Brothers for the film Wonka to release a limited edition Xbox series X that looks like one of Willy Wonka's famous chocolate bars.
Google CEO Sundar Pichai was back in court Tuesday to testify in an antitrust trial that accuses the company of running an illegal monopoly on its Android apps.
