The Los Angeles Post
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Today: February 19, 2025
Today: February 19, 2025
ANNE D’INNOCENZIO

ANNE D’INNOCENZIO

Staff Writer

Latest From ANNE D’INNOCENZIO

Business|Economy|US

US retail sales plunged along with temperatures in January after a bustling holiday season

U.S. retail sales dropped sharply last month, in part because cold weather kept more Americans indoors and dented sales at car dealers and most other stores

US retail sales plunged along with temperatures in January after a bustling holiday season
Business|Economy|Fashion and Beauty|Stock Markets|US

Estee Lauder to cut up to 7,000 jobs as sales slide

Estee Lauder said it’s expanding its restructuring plan to include job cuts anywhere from 5,800 to 7,000 by fiscal 2026 as the global beauty company tries to boost sales and profits

Estee Lauder to cut up to 7,000 jobs as sales slide
Business|Political|US

Target is ending its diversity goals as a strong DEI opponent occupies the White House

Discount store chain Target says it’s joining rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives

Target is ending its diversity goals as a strong DEI opponent occupies the White House
Business|Political|US

Costco successfully defends its diversity policies as other US companies scale theirs back

Costco has claimed victory in pushing back on a shareholder proposal that urges the wholesale club operator to conduct an evaluation of any business risks posed by its diversity, equity and inclusion practices

Costco successfully defends its diversity policies as other US companies scale theirs back
Business|Economy|Finance|US

Retail sales rise 0.6% in August largely due to a spike in gas prices

Americans stepped up retail spending modestly from July to August as the price of gasoline jumped, cutting into budgets as many families send their kids off to school

Retail sales rise 0.6% in August largely due to a spike in gas prices
Celebrity|Sports

Anti-Defamation League says Adidas CEO apologizes for misstatement about Kanye West

The head of the Anti-Defamation League said in a post on X on Thursday that he was in touch with Adidas CEO Bjorn Gulden who apologized for his remarks about Kanye West and reiterated the sportswear company’s fight to end antisemitism

Anti-Defamation League says Adidas CEO apologizes for misstatement about Kanye West
Business|Economy|News

Target to close 9 stores, including 3 in the San Francisco Bay Area, citing safety concerns

Target says it's closing nine stores in four states, including one in New York City’s East Harlem neighborhood, and three in the San Francisco Bay Area

Target to close 9 stores, including 3 in the San Francisco Bay Area, citing safety concerns
Business|Economy|Finance|US

Retail sales rise solid 0.7% in September, reflecting US shoppers' resilience despite higher prices

Americans showed their steadfast resilience and kept spending in September even as they grappled with higher prices, interest rates and a host of other headwinds piling up

Retail sales rise solid 0.7% in September, reflecting US shoppers' resilience despite higher prices
Business|MidEast|News|Opinion|World

Company bosses and workers grapple with the fallout of speaking up about the Israel-Hamas war

The fallout from the Israel-Hamas war has spilled into workplaces everywhere, with corporate leaders from the highest ranks of prominent companies weighing in with their views while workers complain their voices are not being heard

Company bosses and workers grapple with the fallout of speaking up about the Israel-Hamas war
Europe|MidEast|News|Technology

CEO of a prominent tech conference resigns amid backlash for public statements over Israel-Hamas war

Paddy Cosgrave, the chief executive officer of a prominent European tech conference called Web Summit, resigned from his role on Saturday amid backlash for his public statements that suggested Israel was committing war crimes

CEO of a prominent tech conference resigns amid backlash for public statements over Israel-Hamas war
Business|Crime|Fashion and Beauty|Lifestyle

Abercrombie & Fitch slapped with lawsuit alleging sexual abuse of its male models under former CEO

A former model for Abercrombie & Fitch has sued the fashion retailer, alleging it allowed its former CEO Mike Jeffries to run a sex-trafficking organization during his 22-year tenure

Abercrombie & Fitch slapped with lawsuit alleging sexual abuse of its male models under former CEO
Business|Economy|Finance|News|US

US consumers keep spending despite high prices and their own gloomy outlook. Can it last?

A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that Americans themselves have expressed in opinion polls

US consumers keep spending despite high prices and their own gloomy outlook. Can it last?
Business|Economy|Finance|US

Retail trade group: holiday sales expected to slow to 3% to 4%, compared with 5.4% growth a year ago

The National Retail Federation, the nation’s largest retail trade group, expects shoppers will spend more this year than last year, but their spending pace will slow given all the economic uncertainty

Retail trade group: holiday sales expected to slow to 3% to 4%, compared with 5.4% growth a year ago
Business|Economy|Finance|News|US

US employers pulled back on hiring in October, adding 150,000 jobs in face of higher borrowing rates

The nation’s employers slowed their hiring in October, adding a modest but still decent 150,000 jobs, a sign that the labor market may be cooling but remains resilient despite high interest rates that have made borrowing much costlier for companies and consumers

US employers pulled back on hiring in October, adding 150,000 jobs in face of higher borrowing rates
Business|Economy|Finance|News

Target tops third quarter profit expectations, but inflation weighs on shoppers

Target on Wednesday reported a hefty third-quarter profit increase that handily beat Wall Street expectations, benefiting from efforts to hold down costs

Target tops third quarter profit expectations, but inflation weighs on shoppers
Economy|Finance|News|US

Retail sales slip in October as consumers pull back after summer splurges

Americans cut back on retail spending in October, ending six straight months of gains, though the decline was partly driven by falling prices for both gasoline and cars

Retail sales slip in October as consumers pull back after summer splurges
Business|Economy|Finance

Walmart attracts more shoppers seeking to cut spending in Q3, but muted expectations spook investors

Walmart extended its streak of strong quarterly gains heading into the holiday season as its low-prices continue to attract shoppers looking for deals in a tough economic environment

Walmart attracts more shoppers seeking to cut spending in Q3, but muted expectations spook investors
Business|Finance|US

Best Buy posts better-than-expected 3Q profits but sales sluggish amid spending malaise

Best Buy Co. posted stronger-than-expected profits, but reported a deeper-than-expected drop in revenue for the fiscal third quarter as shoppers continue to pull back on buying gadgets in an uncertain economy

Best Buy posts better-than-expected 3Q profits but sales sluggish amid spending malaise
Business|Economy|Finance|Lifestyle|News

Retailers are ready to kick off Black Friday just as shoppers pull back on spending

Retailers are kicking off the unofficial start of the holiday shopping season on Friday with a bevy of discounts and other enticements

Retailers are ready to kick off Black Friday just as shoppers pull back on spending
Business|Economy|Finance|Lifestyle|US

Retailers offer bigger Black Friday discounts to lure hesitant shoppers hunting for the best deals

Shoppers hunting for big deals packed malls on Black Friday as retailers stepped up discounts and other perks to lure customers weighed down by inflation and sticking to tighter budgets

Retailers offer bigger Black Friday discounts to lure hesitant shoppers hunting for the best deals
Business|Crime|Finance

Retail group pulls back on claim organized retail crime accounts for nearly half of inventory loss

The National Retail Federation has revised a report released in April that pulls back the claim that organized retail crime accounts for nearly half of overall industry shrink, which measures overall loss in inventory, including theft

Retail group pulls back on claim organized retail crime accounts for nearly half of inventory loss
Business|News

Levi's CEO Chip Bergh to step down in January, handing over leadership to former CEO of Kohl's

Levi Strauss & Co. says that its CEO will step down in January and hand over the reins of the jeans maker to his appointed successor

Levi's CEO Chip Bergh to step down in January, handing over leadership to former CEO of Kohl's
Business|Economy|US

Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business

Toy maker Hasbro is cutting about 1,100 jobs, or 20% of its workforce

Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Business|Economy|Finance|US

Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants

Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying

Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants
Business|Lifestyle

Retailers are improving their delivery speeds, meaning good news for late holiday shoppers

Haven’t ordered any of your holiday gifts yet

Retailers are improving their delivery speeds, meaning good news for late holiday shoppers

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