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The world’s largest retailer, Wal-Mart, posted disappointing results for Q1 as profits fell 5% to $3.6 billion.  The company cited bad winter weather in the US and a tough international sales environment as their economies continue to struggle.  US same store sales grew 2% and international sales were down 1.7%. (Market Wire)

US wholesale prices climbed by 0.6% in April the most in three years.  US producer price inflation is now running at a 2.1% clip.  Rising food prices, what impacts the average consumer the most, saw some of the biggest gains. (Bloomberg)

Eugene-based retailer Bi-Mart is opening a chain of Cascade Farm and Outdoor stores throughout the Pacific Northwest.  The first store opened this year in Walla Walla, Washington.  The stores will be farm and feed based with goods Bi-Mart does not carry and will have more upscale brands like Carhartt, Columbia and DeWalt tools. The company employs 3500 persons and will open their 75th store this year.  (Oregon Live)

In a secondary sign that employment is improving 1.2 million persons have dropped out of the food stamp program from October 2013 to February 2014.  That is a 4% decline.  Over 46 million Americans are on the food stamp program which costs taxpayers about $6 billion a month. (Wall Street Journal)
 

Traffic

 

 

  • Click on the link for the latest conditions on the mountain passes.

 

  • Purcell Boulevard Northbound lane between Neff Road and Full Moon Drive (West side of the hospital) is closed until December 20th.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.