mostlycloudy
Sunday August 30th, 2015 4:02PM

Stores have a solid start to back-to-school season

By The Associated Press
NEW YORK (AP) -- The back-to-school shopping season is off to a promising start, but retailers may be sacrificing profit for sales.<br /> <br /> The National Retail Federation expects the average family with school-aged children to spend $669.28 for back to school items, up 5 percent from last year. That would be the second-highest amount since the industry trade group started tracking spending in 2004.<br /> <br /> But major retailers like Wal-Mart and Macy's are discounting merchandise and increasing spending to upgrade their stores and websites just to grab the attention of U.S. shoppers during the second biggest shopping period of the year. All that discounting and investing has worked to start the season off strong, they say, but it also hurts their bottom lines.<br /> <br /> "Stores are going to have to invest in price and e-commerce aggressively in order to be competitive," said Ken Perkins, president of RetailMetrics LLC, a retail research firm. "The pie is not growing, and they've got to do everything they can to keep them from losing market share."<br /> <br /> Meanwhile, Wal-Mart announced Thursday it is cutting its profit outlook. (See link below.)
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 7 months ago )
High court to adopt electronic filing of cases
The Supreme Court is belatedly developing an electronic filing system similar to those used in courts around the country, Chief Justice John Roberts said Wednesday in his annual end-of-year report.
7:57PM ( 7 months ago )
Storm brings snow, cold to West for New Year's
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
5:19PM ( 7 months ago )
U.S. News
State DOT awards $48M contract for NE Ga. road project
The state Department of Transportation has awarded a $47.8 million contract for nine miles of work on a northeast Georgia road.
9:37AM ( 7 months ago )
Business News
Grass fire impacts rush hour traffic on 985
Rush hour traffic on I-985 was slowed by a grass fire Wednesay afternoon with one lane closed while firefighters fought the blaze.
10:19PM ( 7 months ago )
Hall County conviction, sentencing to be reviewed by SCOGA
The State Supreme Court has agreed to hear the appeal of a Hall County man when they reconvene in January.
2:37PM ( 7 months ago )
Maysville man dies from Banks County wreck
The Georgia State Patrol reports that alcohol and/or drugs were factors a single-vehicle wreck that claimed the life of a Maysville man in Banks County Tuesday night.
11:07AM ( 7 months ago )
Local/State News
Police investigate motive of man accused of ambushing Texas officer at gas station
HOUSTON (AP) — The man charged with capital murder in the fatal shooting of a uniformed suburban Houston sheriff's deputy will be arraigned this week, jail records show.Shannon J. Miles, who has a cri...
2:43PM ( 1 hour ago )
Common Core test results trickle in, but goal of comparing among states goes unfulfilled
LOS ANGELES (AP) — Results for some of the states that participated in Common Core-aligned testing for the first time this spring are out, with overall scores higher than expected though still below w...
8:42AM ( 7 hours ago )
Hawaii's Big Island under tropical storm watch as Ignacio is upgraded to Category 4 hurricane
HONOLULU (AP) — The Big Island of Hawaii is bracing for high winds, heavy rain and ocean swells of up to 20 feet as strengthening Hurricane Ignacio approaches the state.Ignacio has grown to a Category...
8:20PM ( 19 hours ago )
At events both somber and raucous, Gulf Coast marks 10th Katrina anniversary, looks to future
NEW ORLEANS (AP) — As the church bells rang marking the decade since Hurricane Katrina struck the Gulf Coast, the 80-year-old woman wept softly into a tissue as she leaned against her rusting Oldsmobi...
6:38PM ( 21 hours ago )
US immigration patterns shift: India, China outpacing Mexico as more skilled workers arrive
DALLAS (AP) — Siddharth Jaganath wanted to return to India after earning his master's degree at Texas' Southern Methodist University. Instead, he built a new life in the U.S. over a decade, becoming a...
6:03PM ( 21 hours ago )