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Retail and Business

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Retail sales beat economists’ forecasts

Retail sales increased 0.2 percent in December after a 0.4 percent advance in November that was smaller than previously reported, according to U.S. Commerce Department figures released today, Bloomberg reported. The median forecast of 86 economists …

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Downtown Residence Inn will open this week

Residence Inn Des Moines Downtown, 100 S.W. Water St., will open Thursday, according to a press release. The 127-suite location is designed for extended-stay travelers. Owned by DM River Lodging and managed by Hawkeye Hotels …

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More retailers may have had data breached

Target Corp. and Neiman Marcus have made the news as of late for data breaches during the holiday shopping season, but they weren’t the only ones hacked, according to a report by Reuters. Smaller breaches on …

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Target up to 70 million customers with info stolen

The data breach at Target Corp. was significantly broader than originally reported, with the company saying today that 70 million customers had information such as their name, address, telephone number and email address hacked, CNNMoney reported. …

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U.S. retailers reporting modest December sales

U.S. apparel retailers are blaming a lackluster holiday season for what some are calling a modest December for sales.

RTTNews reported that despite deep discounts and promotions at some of the nation’s most established retail …

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Athene seeks to raise $500 million in private offering

Athene Holding Ltd., parent company of West Des Moines-based  Athene USA, announced Wednesday that it intends to raise approximately $500 million in a private placement offering to accredited investors.
Athene Holding said it will require …

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Consumer spending hits 6-year high in December

Americans reported spending $96 per day in December 2013, the highest monthly average since September 2008 when the effects of the recession began to be felt nationwide, according to a Gallup survey. The reported spending was also …

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Sam’s Club planning new store in Ankeny

KCCI News: Sam’s Club is planning a new store in Ankeny, city documents show. The store would be located at 4625 S.E. Delaware Ave., which is just south of the Mills Fleet Farm store along …

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Rocket Referrals co-founder to speak at Business Innovation Zone luncheon

Torey Maerz, co-founder of tech startup Rocket Referrals, will be the speaker at the Business Innovation Zone’s Jan. 15 luncheon. Maerz will talk about how he went about starting the company in an effort to …

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Downtown chamber announces new board, officers

Six people will join the board of the Des Moines Downtown Chamber of Commerce, effective Wednesday.

The new members are Matt Meline from Morgan Stanley, treasurer; Dawn Wirtz from Home Remedies, secretary; David Slinker from …

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