Monday, December 18, 2017
US consumers went on a shopping binge last month, led by gains among online retailers, electronics, and furniture, the Commerce Department said. Retail sales jumped 0.8% in November from the previous month, after a 0.5% gain in October. Consumers’ willingness to splurge should give the economy a boost in the final three months of the year. Among retailers reporting monthly sales, L Brands was down 1.0% and Costco was up 10.8%. See sales reports on Page 4...Starting Jan. 1, 2018, Ahold Delhaize USA will be the new official parent company for all of Ahold Delhaize’s U.S. companies, including its brands Stop & Shop, Food Lion, Giant, Hannaford, Giant/Martin’s and Peapod, as well as Retail Business Services (RBS), a U.S. shared services company providing support to the brands.