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Quarterly results from Best Buy, Ralph Lauren and Dollar Tree show divergence in consumer spending

Published Mon, 11 Nov 2024 04:19:49 GMT

By ANNE D’INNOCENZIO (AP Retail Writer)NEW YORK (AP) — As inflation on necessities like groceries remains stubbornly high, the well-heeled consumer appears to still be spending, while lower-income shoppers continues to cut back their purchases, according to the latest batch of earnings reports.Ralph Lauren Corp., which sells $300 sweaters and $500 handbags, reported a surprise increase in revenue in the latest fiscal quarter, while Dollar Tree cut its annual profit outlook on shoppers’ increased focus on groceries and other necessities. Groceries carry a lower profit margin compared with general merchandise like clothing. The dollar chain’s profits were also hit by an increased level of so-called shrink — an industry term for inventory loss, including theft. Dollar Tree’s shares slumped to the lowest level in a year.Meanwhile, Best Buy turned in a first-quarter profit that beat Wall Street expectations, while the nation’s largest consumer el...

Missing person reported in Saratoga Springs

Published Mon, 11 Nov 2024 04:19:49 GMT

SARATOGA SPRINGS, N.Y. (NEWS10) -- The Saratoga Springs Police Department is seeking assistance in locating an individual who has been reported missing. According to the police, Victor Demarco, 65, was last seen on May 11. Get the latest, news, weather, sports and community events delivered right to your inbox! Police describe Demarco as 5'7'' and approximately 140 pounds with gray hair and brown eyes. Demarco's main mode of transportation is by bus. Police believe he may currently be in New York City. Demarco has a history of mental health treatment and may need medical attention. Anyone with information is asked to contact (518) 584-1800.

Lawmakers at odds over housing migrants at SUNY dorms

Published Mon, 11 Nov 2024 04:19:49 GMT

ALBANY, N.Y. (NEWS10)---In a recent letter to the Governor, Catalina Cruz and Johnathan Rivera, two Assembly Democrats call on Hochul to use all SUNY dorms Statewide to provide shelter for migrants during the summer months. "We are looking at about 50,000 dormitory units that can house about 100,000 people for the next couple of months," said Assemblymember Cruz.Cruz said this would help in the meantime while a permanent solution is found. However, Senate Minority Leader Rob Ortt has a different opinion. His conference recently introduced a bill that would prevent SUNY from housing migrants."Anyway you slice it, this is going to be disruptive to campus life," said Ortt. "There are summer programs, there are summer programs, there are summer classes, there are students who do not leave these colleges in the summer time. It’s not as if these campuses are completely a ghost town."Instead, he would like migrants to be housed at convention centers in New York City— similar to what happen...

NYSP: Vehicle theft suspect arrested in Cobleskill

Published Mon, 11 Nov 2024 04:19:49 GMT

COBLESKILL, N.Y. (NEWS10) --A 31-year-old Schoharie man is in custody following investigations into a report of an unwanted guest at a residence in Cobleskill. Police located the suspect, Roger S. Clark Jr. inside the home, which violated an active stay-away order of protection. Get the latest, news, weather, sports and community events delivered right to your inbox! Police determined that Clark Jr. had stolen the vehicle that was parked on the driveway. Police say he had reportedly stolen the vehicle from a nearby business and operated it while impaired. The vehicle owner was unaware of the theft. Police notified the owner and returned the vehicle to them.Clark Jr. was charged with Grand Larceny in the Fourth Degree, Criminal Contempt in the First Degree, Driving While Impaired by Drugs, and other Vehicle and Traffic Law offenses. He was transported to the Schoharie County Correctional Facility to await arraignment.

State Police arrest Troy man for menacing with a box cutter

Published Mon, 11 Nov 2024 04:19:49 GMT

COLONIE, N.Y. (NEWS10) -- A Troy man has been arrested by State Police for threatening to harm someone with a box cutter. Lawrence Sharp, 38, has been charged with second-degree menacing. Get the latest, news, weather, sports and community events delivered right to your inbox! On May 25 at 8:46 a.m., Troopers responded to the median of State Route 7 in Colonie, following the report of an altercation. The investigation determined that Sharp got into a verbal disagreement with a person unknown to him. During the dispute, Sharp allegedly brandished and threatened to use a box cutter to hurt the victim. State Police say that no one was injured during the quarrel, and that Sharp left the area as law enforcement arrived. Montgomery County police implement new dispatch technology Sharp later surrendered himself to SP Latham, where he was processed. He was issued an appearance ticket returnable to the Colonie Town Court on June 7 and released.

Director: Lake Luzerne library will not ban books

Published Mon, 11 Nov 2024 04:19:49 GMT

LAKE LUZERNE, N.Y. (NEWS10) - At Rockwell Falls Public Library, the last several weeks have been contentious. A drag storytime hour planned for April drew protests from members of the community at a library board meeting. The situation came to the point that the event was postponed entirely, its future uncertain. Get the latest, news, weather, sports and community events delivered right to your inbox! This month, a new spotlight shines on the small town library. At its most recent meeting, the library board discussed what book bans would mean for the community. Not every member stood on the same side of the issue."When you take an oath of office at a library board, you swear to protect the First Amendment," said Rockwell Falls Public Library Director Courtney Keir on Thursday. "What I can't get my head around is how you turn around, in the same conversation, and ask for a list of every book purchased by the library in the last year."At last week's board meeting, discussion of a re...

Push to sell wine in grocery stores

Published Mon, 11 Nov 2024 04:19:49 GMT

ALBANY, N.Y. (WTEN) -- For some, it's the convenience of a one-stop-shop. Grabbing celebratory flowers, balloons, chocolates and wine all in the same location could save shoppers an extra trip. A recent Siena Poll shows the majority of New Yorkers support allowing the sale of wine in grocery stores. New York is one of ten states that does not allow the practice, but new legislation could change that. What hours can I buy alcohol in the Capital Region? Nelson Eusebio with the National Supermarket Association said wine in grocery stores (also known as WIG) should have happened a long time ago, "It’s been a long fight, a struggle with the New York State Liquor Authorities. They allow us to sell beer, so why not wine? And that’s what we’re asking for." Eusebio said the ban in New York is ironic considering the Finger Lakes and Long Island are the states largest wine making regions, "What a better way to support your local product than to sell wine?"He also said this would be good for...

NYSP launches investigation into Mayfield death

Published Mon, 11 Nov 2024 04:19:49 GMT

MAYFIELD, N.Y. (NEWS10) -- Investigations are ongoing into a death in Mayfield on Wednesday afternoon. Police say they received a report of an unresponsive man pinned under a mower in Kennyetto Creek. Get the latest, news, weather, sports and community events delivered right to your inbox! Responding officers freed the man, identified as Eugene F. Stevens Jr., 79, of Charlton. Stevens Jr. was brought on land and police immediately began life-saving measures. He was transported to the hospital and later declared deceased. The cause of death has not yet been determined.

Erin Harkes performing at all-female comedy series in Saratoga

Published Mon, 11 Nov 2024 04:19:49 GMT

SARATOGA SPRINGS, N.Y. (NEWS10) -- Universal Preservation Hall in Saratoga Springs is hosting their monthly "Women Aren’t Funny" comedy series. This month's performance is scheduled for June 7, and will feature comedian Erin Harkes. Get the latest, news, weather, sports and community events delivered right to your inbox! Harkes, a local comedy and music phenom, has been performing standup since 2012. She is consistently voted one of the area's best comedians, and has performed across the country and alongside national comics such as Demetri Martin and Jeff Dye. Universal Preservation Hall was constructed in 1871 and was originally used as a Methodist church. Nowadays, the venue, located at 25 Washington St, Saratoga Springs, NY, is used for a variety of events and gatherings. Lineup announced for Guilderland summer concert series Tickets to this event can be purchased here.

St. Louis firefighter accused of stealing wallet from teen crash victim

Published Mon, 11 Nov 2024 04:19:49 GMT

ST. LOUIS COUNTY, Mo. - A St. Louis firefighter is accused of stealing a wallet from a teenager following a hit-and-run crash earlier this year that claimed the lives of four people.The crash happened just after 1:30 a.m. on Sunday, Feb. 28, at the intersection of South Grand Boulevard and Forest Park Parkway, located in Midtown.According to police, a 2004 Chevy Impala was driving southbound on South Grand, ran a stoplight, went into the northbound lanes, and struck a 2021 Chevy Tahoe in the intersection. The SUV drove off the South Grand overpass onto Forest Park Parkway. The Tahoe landed upside down.There were eight people in the Tahoe. One woman and three men died in the crash. They were later identified as Richard Boyd, 19; Bryanna Dentman-Johnson, 18; Corntrail McKinley, 20; and Anthony Robinson, 19. The surviving victims were taken to the hospital and eventually released.Police claim the driver of the Chevy Impala, identified as Cedric Dixon, fled the scene but was later ...