Sue Rivian, Lucid and Illinois dealers on direct sales

[ad_1] Photo: AP (AP) Dealers still don’t exist because whoever asks for them, really, but because of state franchise laws, which largely prevent automakers from selling directly to consumers. Which means that any threat to these laws makes the dealers very, very hot under the collar. The latest evidence is a new lawsuit against Illinois, … Read more

HEB makes its debut in D-FW

[ad_1] This story is out and will be updated. HEB is finally bringing its eponymous supermarkets to Dallas-Fort Worth. The San Antonio-based grocer, who has been buying land in North Texas for more than 20 years, has always said it was a question of when, and not if, he would grow here. HEB has announced … Read more

ThredUp share jumps 30% on market debut

[ad_1] Shares of ThredUp Inc. opened 30% above the listed price when they debuted on Friday, an early sign that investors continue to be bullish on second-hand retail online. The Oakland, Calif.-Based retailer’s stock started trading at $ 18.25, after being pegged at $ 14, which was the high end of its previously announced range. … Read more

Household spending increases after cooling last month

[ad_1] Household spending cooled last month, but already appears to be picking up steam again as consumers – armed with federal stimulus funds and many of whom are newly vaccinated – travel, eat out and return to malls. Consumer spending – the main driver of economic activity in the United States – fell 1% in … Read more