Wednesday, January 22, 2020
The Commerce Department said retail sales increased 0.3% last month. Data was revised to show sales gaining 0.3% instead of 0.2% for November as previously reported. Excluding automobiles, gasoline, building materials and food services, retail sales rebounded 0.5% last month after falling by a downwardly revised 0.1% in November. See sales reports below...CVS Health is updating hundreds more of its stores to its new health-focused store HealthHUB format, introduced at the end of 2018. Currently, CVS has 50 HealthHUB locations. CVS will have about 600 hubs by the end of this year, with a goal of 1,500 hubs by the end of 2021...Gap Inc. announced it has called off plans to split Old Navy into a separate public company.Gap also said Neil Fiske, president and CEO of the brand, is departing and it will appoint a new CEO to oversee its full portfolio of brands, which includes Banana Republic, Athleta and Hill City.