Walmart, which became the nation's largest retailer by making low prices a priority, has found itself in a place it's rarely been: Warning customers that prices will rise for goods ranging from bananas to car seats. Executives at the $750 billion company told industry analysts Thursday that they are doing everything in their power to absorb the higher costs from tariffs ordered by President Donald Trump. Given the magnitude of the duties, however, the highest since the 1930s, higher prices are unavoidable, and they will hurt Walmart customers already buffeted by inflation over the past three years. Walmart reported strong sales for the first quarter on Thursday, though profits slipped.
Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company in as many weeks as busine...
A 180-year-old St. Charles home has evaded demolition for years despite owners’ attempts to level the structure and convert the site to a parking lot. But its time may soon be up after a planning and development committee recommended approval for the first steps towards demolition.
A partnership of three veteran restaurateurs more than 25 years in the making has brought The Greggory to South Barrington, offering American classics with Mediterranean influences and an emphasis on service and hospitality.
The owner of the Trump and Truth Store in Huntley is set to go to trial in June over whether she should be evicted over sign ordinance citations she’s received.
Carpentersville made the last purchase at Spring Hill Mall on Tuesday, agreeing to buy the former Kohl’s building for $2 million.