Industry: Retail
News
April 28, 2015
Due to problems with refineries in California, gas prices rose sharply in the state and in the Sacramento region. The average price of a gallon of regular gas is $3.257 compared to $2.974 a week ago, according to the AAA Fuel Gauge Report.
News
April 14, 2015
Sales at retailers and restaurants increased 0.9% last month to a seasonally adjusted $441.4 billion, the Commerce Department said Tuesday. That was the biggest monthly gain in a year, but it was still down from November, when retail sales reached their highest level since the end of the recession.
News
March 28, 2015
U.S. consumer spending barely rose in February as households used the windfall from lower gasoline prices to boost savings to the highest level in more than two years, the latest sign that the economy hit a soft patch in the first quarter.
News
Feb. 2, 2015
In an open letter, the owners Alan Beatts and Jude Feldman explain that they can't pay San Francisco's new $15 minimum wage (a minimum wage that they support). That increase will raise their payroll costs by 39% and their overall costs by 18% -- and since they can't raise the cost of their books (because they're pre-priced, and retail priced books are already a tough sell in the age of Amazon), the only way they could cover the increase would be to stop paying themselves, or fire almost everyone and work insane hours. The cafe attached the store will stay open for the foreseeable, since those prices are flexible and can be raised to account for their increased overheads.
News
Jan. 25, 2015
This comes when egg demand is growing, in part because soaring meat prices have caused Americans to turn to other foods. Per capita consumption is expected to reach more than 260 eggs this year, the highest since 1983, according to the USDA. The poorest consumers have been hit hardest by the price spike because eggs have traditionally been a cheap source of protein.
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