The Los Angeles Post
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Today: March 13, 2025
Today: March 13, 2025
ANNE D’INNOCENZIO

ANNE D’INNOCENZIO

Staff Writer

Latest From ANNE D’INNOCENZIO

Business|Economy|Finance

Walmart attracts more shoppers seeking to cut spending in Q3, but muted expectations spook investors

Walmart extended its streak of strong quarterly gains heading into the holiday season as its low-prices continue to attract shoppers looking for deals in a tough economic environment

Walmart attracts more shoppers seeking to cut spending in Q3, but muted expectations spook investors
Business|Finance|US

Best Buy posts better-than-expected 3Q profits but sales sluggish amid spending malaise

Best Buy Co. posted stronger-than-expected profits, but reported a deeper-than-expected drop in revenue for the fiscal third quarter as shoppers continue to pull back on buying gadgets in an uncertain economy

Best Buy posts better-than-expected 3Q profits but sales sluggish amid spending malaise
Business|Economy|Finance|Lifestyle|News

Retailers are ready to kick off Black Friday just as shoppers pull back on spending

Retailers are kicking off the unofficial start of the holiday shopping season on Friday with a bevy of discounts and other enticements

Retailers are ready to kick off Black Friday just as shoppers pull back on spending
Business|Economy|Finance|Lifestyle|US

Retailers offer bigger Black Friday discounts to lure hesitant shoppers hunting for the best deals

Shoppers hunting for big deals packed malls on Black Friday as retailers stepped up discounts and other perks to lure customers weighed down by inflation and sticking to tighter budgets

Retailers offer bigger Black Friday discounts to lure hesitant shoppers hunting for the best deals
Business|Crime|Finance

Retail group pulls back on claim organized retail crime accounts for nearly half of inventory loss

The National Retail Federation has revised a report released in April that pulls back the claim that organized retail crime accounts for nearly half of overall industry shrink, which measures overall loss in inventory, including theft

Retail group pulls back on claim organized retail crime accounts for nearly half of inventory loss
Business|News

Levi's CEO Chip Bergh to step down in January, handing over leadership to former CEO of Kohl's

Levi Strauss & Co. says that its CEO will step down in January and hand over the reins of the jeans maker to his appointed successor

Levi's CEO Chip Bergh to step down in January, handing over leadership to former CEO of Kohl's
Business|Economy|US

Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business

Toy maker Hasbro is cutting about 1,100 jobs, or 20% of its workforce

Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Business|Economy|Finance|US

Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants

Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying

Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants
Business|Lifestyle

Retailers are improving their delivery speeds, meaning good news for late holiday shoppers

Haven’t ordered any of your holiday gifts yet

Retailers are improving their delivery speeds, meaning good news for late holiday shoppers
Business|Economy|Finance

Americans ramped up spending during the holidays despite some financial anxiety and higher costs

Mastercard SpendingPulse said Tuesday that holiday sales rose this year

Americans ramped up spending during the holidays despite some financial anxiety and higher costs
Business|News|Technology

Walmart experiments with AI to enhance customers' shopping experiences

Walmart has unveiled plans to dive further into the world of artificial intelligence — and drones — to improve its customers’ shopping experiences

Walmart experiments with AI to enhance customers' shopping experiences
Business|Economy|Finance|US

Retail sales up strongly in December as Americans showed continued willingness to spend

Americans stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signaling that people remain confident enough to keep spending freely

Retail sales up strongly in December as Americans showed continued willingness to spend
Business|Economy|Finance|US

Walmart raises starting pay; redesigns bonuses for store managers

Walmart is raising the starting base pay for store managers, while redesigning its bonus plan that will put more of an emphasis on profits for these leaders

Walmart raises starting pay; redesigns bonuses for store managers
Business|Economy|Finance|US

Levi's to slash its global workforce by up to 15% as part of a 2-year restructuring plan

Denim giant Levi Strauss & Co. says that it’s slashing its global corporate workforce by 10% to 15% in the first half of the year

Levi's to slash its global workforce by up to 15% as part of a 2-year restructuring plan
Business|Economy|Finance|US

Walmart's latest perk for U.S. store managers? Stock grants

Walmart is further sweetening the perks for its U.S. store managers as the nation’s largest retailer and private employer seeks to retain and attract top workers in a still competitive job market

Walmart's latest perk for U.S. store managers? Stock grants
Business|Economy|US

Walmart to build or convert 150-plus stores in next 5 years. It hasn't opened new stores in 3 years

Walmart plans to build or convert more than 150 U.S. stores in the next five years, while continuing to remodel existing stores

Walmart to build or convert 150-plus stores in next 5 years. It hasn't opened new stores in 3 years
Fashion and Beauty

Gap Inc. taps American fashion designer Zac Posen as creative director

Gap has tapped American fashion designer Zac Posen as the chain's creative director

Gap Inc. taps American fashion designer Zac Posen as creative director
Economy|News|US

Retail sales fall 0.8% in January from December as shoppers take a break after strong holiday season

Americans took a break from spending in January after splurging during the holiday season

Retail sales fall 0.8% in January from December as shoppers take a break after strong holiday season
Business|Fashion and Beauty|Health|Sports|US

Nike to cut 2%, or 1,600 jobs, as athletic wear giant cuts costs and reinvests in areas like health

Nike is cutting 2% of its global workforce, or a little over 1,600 jobs, as the athletic wear giant aims to cut costs and reinvests its savings into what it sees as big growth areas like sport, health and wellness

Nike to cut 2%, or 1,600 jobs, as athletic wear giant cuts costs and reinvests in areas like health
Business|Economy|Finance|US

Walmart posts another strong quarter as prices begin to cool

Walmart reported another quarter of stellar results, ending the year on a high note as its low prices attract shoppers looking for deals in a still economically challenging environment

Walmart posts another strong quarter as prices begin to cool
Business|Economy|Finance

Macy's to close 150 stores as sales slip as it pivots to luxury at Bloomindale's and Blue Mercury

Macy’s said it will close roughly 150 locations through 2026, as the company tries to become a more nimble operation

Macy's to close 150 stores as sales slip as it pivots to luxury at Bloomindale's and Blue Mercury
Business|Food|US

Surge in Wendy's complaints exposes limits to consumer tolerance of floating prices

A social media backlash this week to media reports that said fast-food chain Wendy’s had plans to increase menu prices during its busiest hours shows a limit to where, when and for what U.S. consumers will trade more cash for convenience

Surge in Wendy's complaints exposes limits to consumer tolerance of floating prices
Business|Economy|Finance|Technology

Best Buy reports lower 4Q sales and profits as shoppers remain cautious

Best Buy reported lower fourth-quarter sales and net income as shoppers remain cautious about spending on gadgets

Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Business|Economy|Finance

Target posts hefty fourth quarter profit but sales suggest Americans remain cautious on spending

Target on Tuesday reported a 58% increase in fourth-quarter profits that handily beat Wall Street expectations as the discounter held down costs and kept inventory lean

Target posts hefty fourth quarter profit but sales suggest Americans remain cautious on spending
Business|Economy|Finance|US

Retail sales up 0.6% in February, bouncing back from decline to start the year

Shoppers picked up their spending in February after a pullback the previous month, reflecting the mixed feelings Americans have in an economy where prices are up, but jobs are plentiful

Retail sales up 0.6% in February, bouncing back from decline to start the year

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