Retail

Walmart CEO extends a welcome to President-elect Joe Biden.

The proposed emergency special tax, also known as the Special Service Area or SSA, would impose a less than 0.05% levy on commercial properties along North Michigan Avenue, according to city documents.

Shoppers are spending more than ever on videogames, and one of GameStop Corp.’s biggest investors says the struggling retailer should get a bigger piece of the pie.

Excluding automobiles, gasoline, building materials and food services, retail sales nudged up 0.1% after a downwardly revised 0.9% increase in September.

The $4.4 billion payout, which will be made to shareholders of record as of Dec. 2, is the fourth special dividend issued by the board in the past eight years.

The move propels Amazon into a new business, potentially shaking up the pharmacy industry as it has done to everything from book sellers to toy stores and grocers.

It’s time to give the people what they want.

Home Depot said it plans to buy industrial wholesale giant HD Supply Holdings for about $8 billion, setting itself up to regain control over the industrial material wholesaler after spinning it off over a decade ago.

The companies have agreed that Simon will pay $43 a share for Taubman under the new deal, they said Sunday. That is down from the original price of $52.50.

Investors will monitor vaccine news and retail earnings in the week ahead.

Oreos don't have to be generic anymore

Big marijuana companies and emerging entrepreneurs are laying the groundwork to set up shop in New Jersey after voters approved a constitutional amendment legalizing the recreational use of cannabis.

The company expects to file voluntary petitions for reorganization following Chapter 11 in the U.S. bankruptcy court

Costco sells a one-year membership to Wheels Up, a private aviation company, for $17,499.99.

The Red Kettle fundraiser, known for its signature bell ringing outside of stores that cues the official start to the holiday season, will kick off early this year as the organization faces what could be the greatest risk to its fundraising goals. 

The 42 sites will hold fast-moving items in sections of warehouses that are traditionally used to ship pallets of goods to Walmart stores.

In a move to capitalize on increased holiday shopping traffic and allow for a safe shopping experience the largest U.S.-based sporting retailer is offering 10 days of Black Friday, beginning Wednesday, Nov. 18. 

Instacart was valued at $17.7 billion last month, when it raised $200 million in a private fundraising round

A Target location in Minneapolis that was severely damaged during protests in the days following the death of George Floyd is reopening with efforts to improve its image with Black customers.