Retail

Retail

Sears cuts a deal with Amazon

HOFFMAN ESTATES (AP) — Sears will begin selling its appliances on Amazon.com, including smart appliances that can be synced with Amazon's voice assistant, Alexa.The announcement Thursday sent shares of Sears soaring more than 18 percent at the opening bell. The tie-up with the internet behemoth could give shares of the storied retailer one of its biggest one-day percentage gains ever.

Proposed downtown project a symbiosis of MTD's, developer's plans

CHAMPAIGN — In November 2015, developer Hans Grotelueschen announced ambitious plans for a $95 million project at Washington and Walnut streets.

A new arena in downtown Champaign?

Questions? Ask Tom here

CHAMPAIGN — The largest single development in Champaign history is being proposed for a different site near downtown Champaign and also could include a sports facility for possible use by University of Illinois athletic teams.

Retailers balancing price, eco-friendliness for back-to-school season

NEW YORK — For the back-to-school season, many parents and their kids are thinking green.

Concerns about the environment have them looking for secondhand clothing or fashions made from reused material — but price still rules. Shoppers want quality and style in backpacks, jeans and the like without spending a lot more money.

Cheaper gas, wireless plans keep inflation in check

WASHINGTON (AP) — Lower costs for gas, airline tickets, new and used cars and wireless mobile phone plans kept U.S. consumer prices flat in June, evidence that inflation remains muted.

Retail sales fall for a second month

WASHINGTON (AP) — Americans curtailed their shopping in June, with less spending at restaurants, department stores and gasoline stations. The spending pullback came despite a healthy job market and suggests that economic growth could remain sluggish.

Target gets some encouraging news

NEW YORK (AP) — Target boosted its guidance for the second quarter after its campaign to revitalize the brand pushed sales higher and boosted customer traffic.

The rosier outlook pushed the entire beleaguered retail sector higher, with the indexes that track department stores and specialty retail stores leading the S&P 500 on Thursday.

Entertainment listings, July 13-20, 2017

EVENTS

THIS WEEKEND

HISTORIC FARM DAYS

Abercrombie says it's no longer for sale

NEW YORK (AP) — Abercrombie & Fitch is no longer up for sale, a development that isn't sitting well with investors hoping for white knight to rescue the struggling teen retailer.

Shares plunged 21 percent to an all-time low in midday trading Monday.

Entertainment listings, July 6-13, 2017

EVENTS

URBANA FIRST FRIDAYS

What: Main Street between Race Street and Broadway Avenue will be closed to cars and open for festival fun. Unique tastings, games, fire and dance performers, dinner specials, art shows and more.

When: 4 to 11 p.m. July 7.

Where: Downtown Urbana.

FRIDAY NIGHT LIVE