Ten years ago, Sandeep Bhanote started Global Bay Mobile with three friends out of an apartment. For six years they chugged along, creating apps for […]
Author: Lisa Mahapatra
Excluding Autos, Retail Sales Still Going Strong
A sharp drop in auto sales will likely drag down the overall increase in retail sales, but other sectors are likely to show strong gains. […]
As More Shoppers Go Online, Retailers Close Stores, Open Warehouses
Best Buy, a consumer electronics retailer, will close 50 stores this year. Sears, best known for selling appliances, tires and tools, also plans to close […]
Consumers Remain Unfazed by Higher Gas Prices
With retail sales the highest they’ve been in five months, rising gasoline prices don’t seem to be fazing consumers, yet. Retail sales rose 1.1% in […]
Retail Sales Up, Car Sales Down
Retail sales rose 0.4% in January, well below expectations in a sign that the economy isn’t recovering quite as quickly as economists would like to […]