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NEW YORK (AP) -- The nation's largest beauty chain has a deal to place shops in more than 100 Target stores by mid-2021.Ulta Beauty and Target said Tuesday that the shops will be located next to Target's existing beauty sections. Financial terms of the deal weren't disclosed.The partnership comes as the coronavirus pandemic has upended shopping habits. Customers are increasingly focused on one-stop shopping experiences as a way to minimize exposure to COVID-19.But the deal could hurt department stores like Macy's, which had already seen their share of their beauty business eroded even before the pandemic. 620
NEW YORK (AP) — Americans held back on spending during the start of the holiday shopping season, a troubling sign for retailers and the state of the U.S. economy. U.S. retail sales fell a seasonally adjusted 1.1% in November, according to the U.S. Commerce Department. It was the biggest drop in seven months, and a steeper decline than Wall Street analysts had expected. The Commerce Department on Wednesday also revised October’s report, saying that retail sales fell 0.1% that month, instead of rising 0.3% as it previously reported. Retailers had tried to get people to shop early, with Amazon, Best Buy, Walmart and others offering holiday deals in October.The report points to a weak start to the all-important holiday shopping season, which can usually account for a quarter or more of a retailer’s annual sales. Black Friday was also a bust. Typically one of the busiest shopping days of the season, shoppers mostly stayed home after health officials warned people not to shop in person, and retailers followed suit by putting their best deals online. Half as many people shopped inside stores this Black Friday than last year, according to retail data company Sensormatic Solutions.“It will take a miracle to keep retail sales positive in December,” said Chris Rupkey, chief financial economist at global financial group MUFG.It is also another sign that the pandemic is slowing the U.S. economy as stores face tighter restrictions and people stay away home. 1475
NEW YORK (AP) — Lawyers for the former girlfriend of Jeffrey Epstein are urging a judge to free her to await trial under a .5 million bail package that would include armed guards to keep her in a New York City residence. The bail arguments on behalf of Ghislaine Maxwell were filed late Monday in Manhattan federal court. According to the Associated Press, Maxwell and her husband offered .5 million as part of the bail package, which consists of three homes, a bond secured by million in property, and 0,000 cash.Maxwell is scheduled to face a July trial on charges that she recruited three teenage girls for Epstein to abuse in the mid-1990s. Her first attempt at bail shortly after her July arrest was rejected. Her lawyers say she wants nothing more than to remain in the United States and fight the charges. They say the case depends on the uncorroborated testimony of a handful of witnesses about events over 25 years ago. 948
NEW YORK (AP) — Wells Fargo CEO Charles Scharf is apologizing for comments he made about the difficulty of finding qualified Black executives. Scharf said in a memo released this week that “there is a very limited pool of black talent to recruit from” in corporate America. The comments and similar statements made in a Zoom meeting led to an intense backlash in Washington and from advocacy groups. Scharf on Wednesday said in a prepared statement that the comments he made reflect “my own unconscious bias.”“There is no question Wells Fargo has to make meaningful progress to increase diverse representation,” he wrote. 629
NEW YORK, N.Y. — Monday morning, an ICU nurse became the first person in New York state to receive the first dose of Pfizer's two-dose COVID-19 vaccine. The nurse, who works at Long Island Jewish Medical Center in Queens, received the vaccine during a live stream with Governor Andrew Cuomo. Following the administration of the shot, those in attendance applauded. 372