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Retail and Shopping

The Biz Week That Was: Sears’ HQ nearly razed, Dick’s buys Foot Locker, and Walmart warns of higher prices

Daily Herald report
May 17, 2025 1:35 pm - The demolition of Sears campus in Hoffman Estates is almost done The demolition of Sears’ former 2.4 million-square-foot headquarters in Hoffman Estates is entering ...
A rare warning from Walmart during a US trade war: Higher prices are inevitable

By ANNE D'INNOCENZIO
May 15, 2025 8:58 am - 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 to buy struggling shoe chain Foot Locker for $2.4 billion

By MICHELLE CHAPMAN
May 15, 2025 8:24 am - 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...
Leveraging local: How to build a brand that belongs

By Rebecca Hoffman
May 14, 2025 10:04 am - In a retail and service world filled with Amazon, Costco, Target, Walmart and other massive, multinational companies, there still remains a surprising amount of space for local business.
US businesses that rely on Chinese imports express relief and anxiety over tariff pause

By MAE ANDERSON and ANNE D'INNOCENZIO
May 12, 2025 2:32 pm - American businesses that rely on Chinese goods reacted with muted relief Monday after the U.S. and China agreed to pause their exorbitant tariffs on each other's products for 90 days.
BBB: Scammers target Mother’s Day shoppers

Submitted by Better Business Bureau
May 09, 2025 12:44 pm - With spending on par with Christmas, scammers see the Mother’s Day holiday as a lucrative opportunity. Whether buying flowers, jewelry, or gift cards, the Better Business Bureau urges you to shop wisely.
WGN9’s Around Town will be live at Conscious Cup on May 13

Submitted by Jack Shipley
May 08, 2025 11:31 pm - WGN9’s Ana Belaval and the Around Town crew will sip into the world of specialty coffee on Tuesday, May 13, during a live presentation from Conscious Cup Coffee Roasters Coffee Laboratory in Crystal Lake.
Luxury designer Christos Furs creates new biodegradable fashions

Submitted by Christos Furs
May 05, 2025 10:34 pm - Christos Furs' 20th anniversary fashion show displays luxury designs made from recycled materials like plastic bottles and bike chains, proving sustainability can be stylish.
McDonald's store traffic falls unexpectedly as diners grow uneasy about economy

By DEE-ANN DURBIN
May 01, 2025 6:58 am - McDonald’s store traffic fell unexpectedly in the first quarter as economic uncertainty weighed on diners.
‘We’re simply keeping what was already ours’: Huntley adopts local grocery tax

By Claire O'Brien
Apr 30, 2025 9:45 am - Huntley has become the latest municipality in the McHenry County area to go for a local grocery tax.

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