RETAIL - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/RETAIL News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) Retail trade group reduces annual sales forecast http://www.sltrib.com/sltrib/money/58216891-79/sales-retail-annual-forecast.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58216891-79/sales-retail-annual-forecast.html.csp">Retail trade group reduces annual sales forecast</a></h4> <span class="author source-org vcard"><span class="org fn">By The Associated Press </span></span> <h5><span class="updated" title="2014-07-23T16:34:01.612-06:00">Updated Jul 23, 2014 04:34PM MDT</span></h5> <div class ="entry-content">New York • The nation’s largest retail trade group is paring its annual sales forecast because of slower-than-expected growth during the first half of the year tied to winter storms and lingering economic woes. The Washington-based National Retail Federation says Wednesday that it now expects retail sales will rise 3.6 percent this year to $3.2 trillion, instead of its original prediction of 4.1 percent released in early February. The figures include sales in stores and online but exclude automo...</div> <h5><a rel="item-license" href="#license-582168912014-07-23T16:34:01.612-06:00" id="#license-2014-07-23T16:34:01.612-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58216891@www.sltrib.com Wed, 23 Jul 2014 16:34:01 MDT Tesco chief executive Philip Clarke to step down http://www.sltrib.com/sltrib/money/58206357-79/clarke-executive-tesco-chief.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58206357-79/clarke-executive-tesco-chief.html.csp">Tesco chief executive Philip Clarke to step down</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-21T09:44:01.275-06:00">Updated Jul 21, 2014 09:44AM MDT</span></h5> <div class ="entry-content">London • Tesco says Chief Executive Officer Philip Clarke will be stepping down after the latest earnings figures showed Britain’s largest retailer by revenue struggled at home. Tesco announced Monday that Dave Lewis, currently an executive at Unilever, would become CEO in the fall after the company issued a profit warning describing challenging trading conditions. Since being named CEO in 2011, Clarke had taken steps to bolster the company’s U.K. business by striving to improve the customer exp...</div> <h5><a rel="item-license" href="#license-582063572014-07-21T09:44:01.275-06:00" id="#license-2014-07-21T09:44:01.275-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58206357@www.sltrib.com Mon, 21 Jul 2014 09:44:01 MDT Kentucky town opens filling station to the public http://www.sltrib.com/sltrib/world/58201223-68/gas-somerset-station-prices.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/world/58201223-68/gas-somerset-station-prices.html.csp">Kentucky town opens filling station to the public</a></h4> <span class="author vcard"><span class="fn">By BRUCE SCHREINER</span></span> <span class="source-org vcard"><span class="org fn"> Associated Press</span></span> <h5><span class="updated" title="2014-07-19T11:22:01.817-06:00">Updated Jul 19, 2014 11:22AM MDT</span></h5> <div class ="entry-content">Somerset, Ky. • Somerset’s city hall ventured into the retail gas business Saturday, opening a municipal-run filling station that supporters call a benefit for motorists and critics denounce as a taxpayer-supported swipe at the free market. The Somerset Fuel Center opened to the public selling regular unleaded gas for $3.36 a gallon, a bit lower than some nearby competitors. In the first three hours, about 75 customers fueled up at the no-frills stations, where there are no snacks, no repairs an...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58201223@www.sltrib.com Sat, 19 Jul 2014 11:22:01 MDT Brazil’s retail sales rose in May ahead of World Cup http://www.sltrib.com/sltrib/money/58190409-79/percent-sales-brazil-rose.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58190409-79/percent-sales-brazil-rose.html.csp">Brazil’s retail sales rose in May ahead of World Cup</a></h4> <span class="author vcard"><span class="fn">By David Biller</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-07-16T10:49:02.264-06:00">Updated Jul 16, 2014 10:49AM MDT</span></h5> <div class ="entry-content">Rio de Janeiro — Brazil’s retail sales in May unexpectedly rose as consumers shopped for domestic goods in preparation for the World Cup soccer tournament. Sales rose 0.5 percent after a 0.4 percent decline the previous month, the national statistics agency said Wednesday in Rio de Janeiro. That was above forecasts from 34 economists surveyed by Bloomberg, whose median estimate was for sales to decline 0.1 percent. May’s sales marked the first growth since January as shoppers cope with accelerat...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58190409@www.sltrib.com Wed, 16 Jul 2014 10:49:02 MDT U.S. retail sales tick up just 0.2 percent in June http://www.sltrib.com/sltrib/money/58186120-79/percent-sales-june-retail.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58186120-79/percent-sales-june-retail.html.csp">U.S. retail sales tick up just 0.2 percent in June</a></h4> <span class="author vcard"><span class="fn">By CHRISTOPHER S. RUGABER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-15T13:09:45.047-06:00">Updated Jul 15, 2014 01:09PM MDT</span></h5> <div class ="entry-content">Washington • U.S. retail sales increased slightly in June, evidence that consumers remain cautious despite steady job gains this year. Retail sales rose just 0.2 percent last month, the Commerce Department said Tuesday, held back by a sharp drop at building materials and garden supply stores. Sales also fell at restaurants and at auto dealers. The figures suggest that Americans are reluctant to spend freely, which could slow growth in the April-June quarter. While employers have stepped up hirin...</div> <h5><a rel="item-license" href="#license-581861202014-07-15T13:09:45.047-06:00" id="#license-2014-07-15T13:09:45.047-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58186120@www.sltrib.com Tue, 15 Jul 2014 13:09:45 MDT Ikea raises hourly pay for U.S. retail workers http://www.sltrib.com/sltrib/money/58118303-79/workers-wage-ikea-retail.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58118303-79/workers-wage-ikea-retail.html.csp">Ikea raises hourly pay for U.S. retail workers</a></h4> <span class="author vcard"><span class="fn">By ANNE D’INNOCENZIO</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-06-26T09:08:02.088-06:00">Updated Jun 26, 2014 09:08AM MDT</span></h5> <div class ="entry-content">New York • Ikea’s U.S. division is raising the minimum wage for thousands of its retail workers, pegging it to the cost of living in each location, instead of its competition. The 17 percent average raise, expected to be announced Thursday, is the Swedish ready-to-assemble furniture chain’s biggest in 10 years in the U.S. The pay increase will take effect Jan. 1. It will translate to an average wage of $10.76 an hour, a $1.59 increase from the previous $9.17. About half of Ikea’s 11,000 hourly s...</div> <h5><a rel="item-license" href="#license-581183032014-06-26T09:08:02.088-06:00" id="#license-2014-06-26T09:08:02.088-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58118303@www.sltrib.com Thu, 26 Jun 2014 09:08:02 MDT Goldman Sachs overhauls key banking division http://www.sltrib.com/sltrib/money/58115176-79/goldman-banking-group-retail.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58115176-79/goldman-banking-group-retail.html.csp">Goldman Sachs overhauls key banking division</a></h4> <span class="author vcard"><span class="fn">By SYDNEY EMBER</span></span> <span class="source-org vcard"><span class="org fn"> New York Times News Service</span></span> <h5><span class="updated" title="2014-06-25T16:04:02.33-06:00">Updated Jun 25, 2014 04:04PM MDT</span></h5> <div class ="entry-content">Goldman Sachs is combining its consumer retail and health care investment banking groups, according to an internal memorandum sent Wednesday. The move comes as drug company takeovers and retail advisory deals are on the rise. “This change brings together a strong group of talented bankers who can be deployed more widely across a broader client base,” the three heads of investment banking, Richard J. Gnodde, David Solomon and John S. Weinberg, wrote in the memo. “This will allow us to better serv...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58115176@www.sltrib.com Wed, 25 Jun 2014 16:04:02 MDT Lawmakers may try to slow city scramble for retail dollars http://www.sltrib.com/sltrib/politics/58085268-90/retail-based-sales-tax.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/politics/58085268-90/retail-based-sales-tax.html.csp">Lawmakers may try to slow city scramble for retail dollars</a></h4> <span class="author vcard"><span class="fn">By DAN HARRIE </span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-06-19T21:47:00.769-06:00">Updated Jun 19, 2014 09:47PM MDT</span></h5> <div class ="entry-content">Frustrated that Utah cities seem to fall all over themselves to attract low-wage retail businesses because of the potential sales-tax riches, state lawmakers may be moving toward a new way to divvy up those revenues to local government. A draft proposal to start that reform on a few million dollars of the hundreds of millions of dollars streaming to local governments each year won unanimous endorsement Wednesday in the legislative committee overseeing tax policy in the state. The plan would c...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58085268@www.sltrib.com Thu, 19 Jun 2014 21:47:00 MDT U.S. retail sales rose 0.3 percent in May http://www.sltrib.com/sltrib/money/58060139-79/sales-percent-stores-retail.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58060139-79/sales-percent-stores-retail.html.csp">U.S. retail sales rose 0.3 percent in May</a></h4> <span class="author vcard"><span class="fn">By MARTIN CRUTSINGER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-06-12T10:15:26.216-06:00">Updated Jun 12, 2014 10:15AM MDT</span></h5> <div class ="entry-content">Washington • U.S. retail sales rose modestly in May as consumers turned cautious in their spending. But the weaker-than-expected result is unlikely to derail stronger overall in the second quarter. Retail sales rose 0.3 percent in May, helped by a jump in demand for autos, the Commerce Department said Thursday. The result follows a 0.5 percent climb in April, which was revised up from an initial estimate of 0.1 percent. March sales surged 1.5 percent — the biggest one-month gain in four years. A...</div> <h5><a rel="item-license" href="#license-580601392014-06-12T10:15:26.216-06:00" id="#license-2014-06-12T10:15:26.216-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58060139@www.sltrib.com Thu, 12 Jun 2014 10:15:26 MDT