Wednesday, January 27, 2016
NATIONAL INDUSTRY NEWS
The Commerce Department reported that December retail sales fell 0.1% from November and rose 2.2% compared to December 2014, while the National Retail Federation reported that December sales, which exclude automobiles, gas stations, and restaurants, dropped 0.2% compared to November and rose 3.1% on an annual basis.. Among retailers reporting monthly comp-store sales, L Brands was up 8%, Gap was down 5.0%, Rite Aid was up 0.8%, and Costco sales rose 3%. See our sales reports below...American Apparel received unanimous approval for reorganization, but also received a $300 million buyout offer from an investor group that has the support of ousted CEO Dov Charney. The American Apparel board rejected the offer...Chipotle will close all of its stores for several hours on Feb. 8 to train its staff in food safety. The move occurs after several outbreaks of E. Coli in 9 states, and norovirus outbreaks CA and Boston. Chipotle has 1,931 US stores.