Retail
Consumer spending fell by 7.5 percent in March, a according to the U.S. Bureau of Economic Analysis, which is a major shift in the small monthly increases seen prior to the COVID-19 outbreak. The decrease was $829.9 billion in spending…
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Platte County has joined neighboring Clay County and North Kansas City in rolling back its stay-at-home orders from May 15 to May 4. However, there were still be a significant number of restrictions on residents and businesses that are set…
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Garmin was a rare bright spot in public-company earnings during its first quarter despite an economy challenged by COVID-19. The Olathe-based GPS-device maker saw earnings per share rise 25 percent quarter over quarter, while revenues were up 17 percent year…
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Expectations for sales, profit margins and staffing levels expectations fell below the threshold of 50 for the first time in the history of the Associated Builders and Contractors (ABC) Construction Confidence Index. Sales expectations, due to COVID-19, decreased from 68.3…
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Many parts of the State of Missouri will reopen next week, and it's going to be all about social distancing come May 4. Retail stores will be able to open their doors if people are at least six feet away…
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Two of the biggest retail trade organizations are calling on governors to have a "mutually agreed upon blueprint" for reopening stores. The National Retail Federation and the Retail Industry Leaders Association are asking for states to follow CDC guidelines and…
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Yet another economic report provided grim news in the wake of COVID-19's spread. The University of Michigan's Index of Consumer Sentiment has come in at 71.8 for the month, down 26.1 percent year over year and 19.4 percent month over…
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The Federal Reserve Bank of Kansas City's month manufacturing survey examining the region had its lowest reading in its history since launching in 1994. “Regional factory activity continued to decline in April, with our composite index falling to the lowest…
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Kansas City-based EPR Properties, which operates experiential real estate properties in 44 states, such as entertainment centers with cinemas, has only received 15 percent of rent payments from tenants so far in April. As result, EPR is deferring rent payments…
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Macy's, the country's largest department-store chain, with five locations in the Kansas City area, might reportedly consider taking on up to $5 billion in debt instead of filing for bankruptcy. Inventory would be used as collateral to raise $3 billion…
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