The Bloom Is off for Wholesalers
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Kester Wholesale, once among the biggest floral wholesalers in Maryland, closed late last month, due to competition from Internet florists and direct buying from growers.
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Some hubs of cheap retail are struggling, but not all of them.
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Slow sales in Asia are expected to cut into sales and profits.
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Wholesale prices dipped 0.1 percent in August as a retreat in food costs helped to blunt a rise in the price of some energy products, a fresh sign that inflation isn't currently a problem for the economy.
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Business & money: Deal forced to be scrapped as the fallout from the sub-prime markets continues to spread
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WASHINGTON, July 10 (Bloomberg News) â Sales at wholesalers rose faster than inventories in May, the Commerce Department said on Tuesday, making it more likely that companies will place more orders and that factories will increase production.
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Inventories at the nationâs wholesalers declined in December by the most since May 2003 as sales surged, suggesting a manufacturing rebound in coming months.
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Sales stall as a tough April affects another retailer.
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Wholesale prices fell in August by the largest amount in 10 months, reflecting a plunge in the price of gasoline and other energy products and the fourth straight month of falling food costs.
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It's on track to meet sales targets, but profits might not keep pace.
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The retailer shows its turnaround may be working.
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Business & money: Official data reveals a worse-than-expected fall in retail sales last month
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The company's sales are lagging, and its free cash flow has up and disappeared.
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A move to curb sales fees at one of the largest fund providers may be good news for investors, but load funds still scream buyer beware.
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NEW YORK -- The nation's retailers, once hopeful for a strong spring selling season, are being forced to ratchet down their expectations after sales stalled amid the chill of February.
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The company is a second-string wholesaler no more.
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Lately, the company's retail operation has been lagging behind sales of its locations.