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.
A Delaware judge is considering a massive and unprecedented fee request by lawyers who successfully voided a pay package for Tesla CEO Elon Musk
The Bank of America Institute found that average monthly rent payment growth for the bank's small business clients rose 12% year-on-year.
A driverless ride-hailing car in China hit a pedestrian, but people on social media are taking the carmaker’s side in an AI vs. humans debate.
The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in a possible sign of looming rate cuts.
America’s oldest flour company, King Arthur Baking Co., saw a six-fold increase in demand during the pandemic, and baking interest continues to rise.
The surgeon general has said there's a loneliness epidemic in America. For many people, that includes a lack of friendships at work. But there's hope!
The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer and f
The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting cash.
For 30 years Ira Galtman’s job has been to document how American Express went from an express stagecoach company in New York in 1850, to what it is today.
Air travel got more miserable last year, if the number of consumer complaints filed with the U.S. government is any measure.
