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Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns
Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns After a solid holiday season, US retail sales took a surprising step back to start 2025, snapping a streak of growth and fueling worries about the economy. Retail and food services sales fell 0.9 percent in January, according to Census Bureau data released on Friday, Feb. 14. The decline reversed the trend from December 2024's revised increase of 0.7 percent, signaling that consumers may be feeling the squeeze from rising prices. Economists had predicted only a slight decline, with Dow Jones estimating a 0.2 percent drop, NBC News reported. The sales totals were seasonally adjusted but…

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by Chris Spiker
Business
These 64 PA Big Lots Stores Are Among Nearly 1,000 Closing Nationwide: Here's When These 64 PA Big Lots Stores Are Among Nearly 1,000 Closing Nationwide: Here's When
These 64 PA Big Lots Stores Are Among Nearly 1,000 Closing Nationwide: Here's When Big Lots, the popular discount retailer, is officially going out of business. The company, which filed for Chapter 11 bankruptcy in September, has announced plans to close all 963 of its remaining stores nationwide, including the remaining 64 locations in Pennsylvania. Big Lots had 73 stores located in the Keystone State when they declared bankruptcy over the summer. More than 6% of all Big Lots were located in the commonwealth, with the most stores located in Texas.  The last day of business is expected to be in mid-February, according to sources familiar with the closures. While offi…

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by Jillian Pikora