Retail

by Roby Brock -

Murphy USA Q1 profits nearly triple

Murphy USA Inc. reported first quarter net income of $152.4 million, nearly three times higher than a year ago when profits topped $55.3 million. On Tuesday (May 3), the El…

by Kim Souza -

U.S. retail sales growth slows in March

Consumers are still spending but at a slower rate than last month and a year ago, according to U.S. Census Bureau data released Thursday (April 14). Seasonally adjusted retail sales…

by Kim Souza -

Walmart tags PayPal exec as next CFO

John Rainey will be Walmart’s next chief financial officer. He follows Brett Biggs who announced his retirement last year capping a 23-year career with the retail giant. Rainey will join…

by Kim Souza -

CPI shows prices up 8.5% in March report

The Consumer Price Index rose 8.5% in March, the largest annual increase since December 1981. The all-items less food and energy index rose 6.5%, the largest annual increase since August…

by Kim Souza -

Online grocery sales fall 6% in March

Consumers spent $8.7 billion for online groceries in March, down 6% from a record $9.3 billion in the year-ago period, according to the Brick Meets Clicks/Mercatus Grocery Shopping Survey. Consumers…