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| January 23, 2018

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‘Star Wars’ toy sales fall as movie tie-in fatigue sets in

January 20, 2018 |

The warning signs for the toy industry started last year when “Cars 3” — considered a surefire success — proved lackluster for licensees such as Mattel Inc.

Now, toy makers’ big bets on movie tie-ins look downright bleak. Playthings based on the “Star Wars” saga — the franchise that kicked off…


L.A. Times – Business

Amazon’s Grocery Sales Increased After It Devoured Whole Foods

January 15, 2018 |

Whole Foods’ brand items like bacon, coconut water and frozen blueberries helped Amazon gobble up more U.S. online grocery sales last year. Products carrying the natural foods chain’s brand helped push sales at Amazon’s online grocery-delivery service, AmazonFresh, up 35%.
WSJ.com: US Business

U.S. retail sales rise in December, capping a strong year in spending

January 14, 2018 |

American consumers continued to spend at stores in December, capping a robust year for retailers.

U.S. retail sales rose 0.4% the final month of the year after a 0.9% increase in November, the U.S. Department of Commerce said Friday. The results mean retail sales grew 4.2% in 2017, the most since…


L.A. Times – Business

Supreme Court to Consider Internet Sales Tax Collection

January 13, 2018 |

The Supreme Court said it would consider whether states can broadly require online retailers to collect sales taxes even for states where they lack a physical presence—with a potential major impact on online commerce.
WSJ.com: US Business

Diet Coke gets a new look and new flavors as its sales shrink

January 10, 2018 |

Diet Coke is getting a makeover to try to invigorate the sugar-free soda’s slumping sales.

Coca-Cola Co. said Wednesday that it’s making its 12-ounce Diet Coke can taller and slimmer, updating the logo and offering the 35-year-old drink in four new flavors: mango, cherry, ginger lime and blood…


L.A. Times – Business

Early Sales Figures Are in for Wolff’s Fire and Fury

January 10, 2018 |

Michael Wolff’s Fire and Fury sold more than 29,000 hardcover copies in its first week of publication, NBD BookScan tells the AP . That number, announced Wednesday and the highest overall for books last week, is likely to grow far higher in future reports. The explosive tell-all about the Trump…
Newser

Trump administration’s crackdown on pot sales could push banks out of cannabis industry

January 5, 2018 |

Atty. Gen. Jeff Sessions’ decision Thursday to scrap an Obama-era policy that offered legal shelter for state-sanctioned marijuana sales may not necessarily lead to a wave of federal drug busts. But it could crimp California’s budding pot industry in another way: by cutting its already-tenuous…


L.A. Times – Business

Annual U.S. Car Sales Drop for First Time Financial Crisis

January 3, 2018 |

The U.S. auto industry in 2017 likely suffered its first annual sales decline since the financial crisis eight years ago, as demand finally ebbs after a remarkable multiyear growth spurt.
WSJ.com: US Business

Pickups, SUVs and crossovers rule: Auto sales stay strong in 2017, showing only a gentle dip

January 3, 2018 |

Robot vehicles might rip apart the business model of the car industry in the coming years, but for now, automakers are still selling lots of cars and light trucks.

U.S. sales for 2017 are expected to come in at 17.2 million vehicles, to be adjusted slightly up or down this week as more companies…


L.A. Times – Business

Claire’s halts sales of nine makeup products over asbestos concerns

January 1, 2018 |

Cosmetics and accessories retailer Claire’s has halted sales of nine makeup products after a TV station reported that some of its cosmetics were contaminated with asbestos.

“We have retained an independent laboratory to test the cited products in order to determine whether the recent news reports…


L.A. Times – Business