91ÊÓƵ

Retail sales rose a better-than-expected 0.6% in February. There is a concern that Americans squeezed by years of elevated inflation will cut spending further.

Starboard Value has amassed a stake of about $350 million in CarMax and sees an opportunity to accelerate the used car retailer’s turnaround under incoming CEO Keith Barr.

The value of retail purchases decreased 0.2% after no change in December, Commerce Department data showed March 6. Excluding car dealers, sales were little changed.

Target's new CEO is setting big expectations for Wall Street and pledging a return to growth powered by trendy new food products, in-store beauty services and other changes. 

Thousands of companies are angling for refunds on President Donald Trump’s tariffs, many of which were ruled unconstitutional Feb. 20. Now some retail customers are joining the scrum.

The Commerce Department report raised questions about shoppers’ ability to spend this year as they worry about a slowing job market and uncertainty around tariffs and their impact on prices.

Bob’s Discount Furniture, a home furnishings retailer backed by Bain Capital, rose 0.1% in its trading debut after the company raised $331 million in a U.S. initial public offering.

Target's new CEO, Michael Fiddelke, acknowledged in his first town hall that the big-box retailer has lost trust with shoppers and employees and pledged to rebuild that connection.  

The value of retail purchases, not adjusted for inflation, increased 0.6% after a downwardly revised 0.1% drop in October, Commerce Department data showed Jan. 14.

Motor vehicles fell 1.6%, held down in part by the expiration of federal tax incentives on electric vehicles. Cheaper gasoline prices held down the value of gas station receipts.