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Discount retailers to open 300 stores as Macy's cuts back

Gene J. Puskar / AP

TJX, Ross, and Burlington are planning to open about 300 U.S. stores combined in 2017, according to CNBC.

Why this matters: That's about the same number that Macy's, Sears, and J.C. Penney are closing this year. This is further evidence that if retailers aren't offering extreme discounts or extreme convenience, they'll keep losing business to those who do. Plus, guess which retail chains have seen climbing stock prices over the past year? (Hint: the off-price stores).

Go deeper

Hans Nichols, author of Sneak Peek
3 mins ago - Politics & Policy

Biden's latest executive order: Buy American

President Joe R. Biden speaks about the economy before signing executive orders in the State Dining Room at the White House on Friday, Jan 22, 2021 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images)

President Joe Biden will continue his flurry of executive orders on Monday, signing a new directive to require the federal government to “buy American” for products and services.

Why it matters: The executive action is yet another attempt by Biden to accomplish goals administratively without waiting for the backing of Congress. The new order echoes Biden's $400 billion campaign pledge to increase government purchases of American goods.

Go deeper (1 min. read)Arrow
Margaret Harding McGill, Ashley Gold
56 mins ago - Technology

Tech digs in for long domestic terror fight

Illustration: Sarah Grillo/Axios

With domestic extremist networks scrambling to regroup online, experts fear the next attack could come from a radicalized individual — much harder than coordinated mass events for law enforcement and platforms to detect or deter.

The big picture: Companies like Facebook and Twitter stepped up enforcement and their conversations with law enforcement ahead of Inauguration Day. But they'll be tested as the threat rises that impatient lone-wolf attackers will lash out.

Go deeper (2 min. read)Arrow
Marisa Fernandez
1 hour ago - Health

The pandemic could be worsening childhood obesity

Illustration: Aïda Amer/Axios

The 10-month long school closures and the coronavirus pandemic are expected to have a big impact on childhood obesity rates.

Why it matters: About one in five children are obese in the U.S. — an all-time high — with worsening obesity rates across income and racial and ethnic groups, data from the National Health and Nutrition Examination Survey show.

Go deeper (1 min. read)Arrow

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