America’s biggest companies say retail crime is an epidemic, but just how big of a problem is it?

America’s biggest retailers say organized retail crime has grown into a multibillion-dollar problem, but the effectiveness of their strategies to solve it and the validity of the data overall have come into question.  Over the last several years, companies such as Home Depot, Lowe’s, Walmart, Best Buy, Walgreens and CVS have been sounding the alarm … Read more

Amid food inflation, more shoppers turn to dollar stores for groceries

A man looks at frozen foods for sale at a Dollar Store in Alhambra, California on August 23, 2022. Frederic J. Brown | AFP | Getty Images Among all rising costs, sky-high grocery bills have been especially painful. Although the consumer price index, an inflation gauge that measures the cost of a broad basket of goods … Read more

Walgreens may have overstated theft concerns, CFO says

Anti-theft locked beauty products with customer service button at Walgreens pharmacy, Queens, New York. Lindsey Nicholson | Universal Images Group | Getty Images A top Walgreens executive on Thursday acknowledged the company may have overblown concerns about thefts in their stores after shrinkage stabilized over the last year.  During an earnings call, the company’s chief … Read more

Retailers brace for tougher times and more frugal customers in 2023

A shopper goes through shirts in the kids section at Old Navy in Denver, Colorado. Brent Lewis | Denver Post | Getty Images January is typically an overlooked month for retailers. Shoppers make returns and exchanges. They come to stores with gift cards in hand. And they may spring for workout clothes or other items … Read more

These states are raising their minimum wages in 2023. Chart shows where workers can expect higher pay

Labor activists hold a rally in support of a national $15 minimum wage on May 19, 2021, in Washington, D.C. Kevin Dietsch | Getty Images News | Getty Images As the calendar turns to 2023, workers in more than half of all states have something to look forward to this year: a higher minimum wage. … Read more

Millionaires plan to cut their holiday spending due to inflation

A pedestrian carries shopping bags while walking through Union Square on May 17, 2022 in San Francisco, California. Justin Sullivan | Getty Images American millionaires are trimming their holiday spending and becoming more budget-conscious as a result of inflation, a sign that spending cuts are now rising up the wealth ladder, according to a CNBC … Read more