ECONOMICS

Following last month's modest miss in CPI which sparked speculation about a 50bps cut, which was then boosted by the jobs report miss and the huge downward revision, moments ago the BLS reported that – as only a handful of Wall Street strategists warned – CPI actually came in hotter than expected at the core level, rising 0.3% MoM vs expectations of a 0.2% print, with all remaining metrics coming in line (more…)

By Daphne Howland of RetailDive

Summary

• After declaring it would liquidate because no buyer could be found, LL Flooring on Friday said it has signed an agreement with private equity firm F9 Investments, its largest shareholder, for a going-concern sale of the business. 

• The deal is expected to close at the end of the month, subject to approval by the U.S. Bankruptcy Court for the District of Delaware and closing conditions. LL Flooring, formerly known as Lumber Liquidators, (more…)

One month ago, when multiple discount retailers (here and here) were lamenting the sudden colla (more…)