Retail

by Kim Souza -

U.S. retail sales rise 17.7% in May

Consumers increased spending in May with retail sales up 17.7%, reversing the 14.7% drop in April. But retail sales through May are down 6.1% year-over-year, according to a U.S. Department…

by Kim Souza -

JC Penney to close four Arkansas stores

Arkansas will be home to nine JC Penney stores after the company closes four locations in the state as part of the Plano, Texas-based retailer’s Chapter 11 bankruptcy. The four…