The Los Angeles Post
U.S. World Business Lifestyle
Today: March 13, 2025
Today: March 13, 2025
ANNE D’INNOCENZIO

ANNE D’INNOCENZIO

Staff Writer

Latest From ANNE D’INNOCENZIO

Business|Economy|Finance|US

US retail sales to increase between 2.5% and 3.5% in 2024, trade group forecasts

The largest U.S. retail trade group is forecasting that the country's retail sales will increase anywhere between 2.5% and 3.5% this year

US retail sales to increase between 2.5% and 3.5% in 2024, trade group forecasts
Business|News|Technology|US

Big brands could pivot easily if TikTok goes away. For many small businesses, it's another story

A lot of “What ifs” still surround a bill the U.S. House passed last week that would mandate TikTok′s Beijing-based parent company to sell its stake in the platform or face a nationwide ban

Big brands could pivot easily if TikTok goes away. For many small businesses, it's another story
Business|Economy|Environment|News|US

Baltimore bridge collapse and port closure send companies scrambling to reroute cargo

The stunning collapse of Baltimore’s Francis Scott Key Bridge is diverting shipping and trucking around one of the busiest ports on America’s East Coast

Baltimore bridge collapse and port closure send companies scrambling to reroute cargo
Business|Finance|Stock Markets

Macy's names 2 independent directors as part of agreement with activist investor

Macy’s said Wednesday it has named two independent directors to its board that were pushed by activist investor Arkhouse Management, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain

Macy's names 2 independent directors as part of agreement with activist investor
Business|Economy|Finance|US

Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer

Americans increased their spending pace in March at a better-than-expected pace from February, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges

Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer
Business|Finance|Stock Markets|US

Shares of Walmart-backed Ibotta soar on public debut

Shares of a Walmart-backed digital company that offers customers cash-back rewards and rebates on grocery brands ranging from Nestle to Coca-Cola, rose 17% in its Wall Street debut

Business|Finance|News|US

Federal Trade Commission sues to block Tapestry's $8.5B acquisition of Capri

The Federal Trade Commission sued to block Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Ltd

Federal Trade Commission sues to block Tapestry's $8.5B acquisition of Capri
Health|Science

What do weight loss drugs mean for a diet industry built on eating less and exercising more?

New weight loss drugs are reshaping a dieting industry built on eating less and exercising more

What do weight loss drugs mean for a diet industry built on eating less and exercising more?
Business|Food

Walmart launches store-label food brand as it seeks to appeal to younger shoppers

Walmart is launching its biggest store-label food brand in 20 years in terms of its breadth of items

Walmart launches store-label food brand as it seeks to appeal to younger shoppers
Economy|Finance|News|US

US employers scaled back hiring in April. How that could let the Fed cut interest rates

The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market

US employers scaled back hiring in April. How that could let the Fed cut interest rates
Business|Lifestyle|News

Target to reduce number of stores carrying Pride-themed merchandise after last year's backlash

Target confirmed that it won’t be carrying its LGBTQ+ merchandise for Pride month in June in some stores after the discount retailer received a backlash last year for its assortment

Target to reduce number of stores carrying Pride-themed merchandise after last year's backlash
Business|Economy|Finance

Retail sales were unchanged in April from March as inflation and interest rates curb spending

Americans unexpectedly paused their spending in April from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome

Retail sales were unchanged in April from March as inflation and interest rates curb spending
Business|Economy|Finance|Stock Markets

Walmart's strong first quarter driven by consumers seeking bargains with inflation still an issue

Walmart is reporting another quarter of strong results as its low prices pull in shoppers scouring for discounts with inflation stubbornly high

Walmart's strong first quarter driven by consumers seeking bargains with inflation still an issue
Business|Economy|Finance

Macy's tops expectations for the first quarter as luxury and beauty sales shine

Macy’s sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending

Macy's tops expectations for the first quarter as luxury and beauty sales shine
Business|Economy|News

Target sales decline to start the year, but it sees improvement

Target is reporting a decline in quarterly revenue as still-stubborn inflation cuts into shoppers’ spending

Target sales decline to start the year, but it sees improvement
Business|Economy|Finance|Stock Markets|US

Best Buy and Kohl's extends streak of quarterly sales slumps as Americans focus on the essentials

The earnings results from Best Buy and Kohl’s, announced Thursday, offer the latest evidence of consumers’ cautious spending amid a challenging economic environment

Best Buy and Kohl's extends streak of quarterly sales slumps as Americans focus on the essentials
Business|Economy

Walmart offers new perks for workers, from a new bonus plan to opportunities in skilled trade jobs

Walmart is offering new perks for its hourly workers

Walmart offers new perks for workers, from a new bonus plan to opportunities in skilled trade jobs
Lifestyle|US

Stores are more subdued in observing Pride Month. Some LGBTQ+ people see a silver lining in that

With Pride Month in full gear, U.S. shoppers can find the usual merchandise many stores stock for the June celebration of LGBTQ+ culture and rights

Stores are more subdued in observing Pride Month. Some LGBTQ+ people see a silver lining in that
Business|Economy|News|US

Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending

Consumers barely increased spending in May from April as still high inflation and high interest rates curbed spending

Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending
Business|Economy|Finance|News|US

FTC unanimously moves to block Tempur Sealy's purchase of Mattress Firm

The Federal Trade Commission has unanimously voted to bring a lawsuit against mattress maker Tempur Sealy to block its $4 billion acquisition of Mattress Firm, saying the deal would allow the world’s largest mattress supplier to suppress competition that would result in higher prices for shoppers

FTC unanimously moves to block Tempur Sealy's purchase of Mattress Firm
Asia|Entertainment|Technology|US|Videos

From 'latte makeup' to 'girl dinners,' TikTok has launched tons of trends. Will its influence last?

TikTok and its bite-sized videos arrived in the United States as a global version of the Chinese app Douyin

From 'latte makeup' to 'girl dinners,' TikTok has launched tons of trends. Will its influence last?
Business|Economy|Finance

Parent company of Saks Fifth Avenue to buy rival Neiman Marcus

The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus for $2.65 billion

Parent company of Saks Fifth Avenue to buy rival Neiman Marcus
Business|Economy|Finance|News

Target will stop accepting personal checks next week. Are the days of the payment method numbered?

Target says it will no longer accept personal checks from shoppers as of July 15

Target will stop accepting personal checks next week. Are the days of the payment method numbered?
Business|Fashion and Beauty|Lifestyle

Walmart retools its young adult clothing line in pursuit of fashion credibility

Walmart has spent three years overhauling its mix of adult apparel to make it stylish as well as sensible for middle America

Walmart retools its young adult clothing line in pursuit of fashion credibility
Business|Economy|Finance

Retail sales unchanged in June from May, underscoring shoppers' resilience

Shoppers paused their spending in June from May, defying economic forecasts for a pullback and proving their resilience in the face of an uncertain economy

Retail sales unchanged in June from May, underscoring shoppers' resilience

Follow