Business briefing: Hobby Lobby moving soon in Fairview Heights

Hobby Lobby will be leaving the Crossroads Centre on Lincoln Trail by this fall and relocating across the street.

The retailer could be moving to a new building at the Fairview City Centre by late September. Fairview City Centre currently houses the new Sports Authority, Fresh Thyme and other retailers off Illinois 159.

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U.S. stocks were opening higher Thursday higher after several companies such as General Motors, Raytheon and Sandisk reported earnings gains. Read more here.

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Walmart has purchased Chinese online retailer Yihaodian. As the world’s largest retailer, Walmart wants to follow consumers in China who turn to the Internet. Find out more here.

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Sales continue to lag at McDonald’s. The fast-food chain has reported a 13 percent decline in the second quarter. Learn more here.

— Will Buss, BND business writer

This story was originally published July 23, 2015 at 9:43 AM with the headline "Business briefing: Hobby Lobby moving soon in Fairview Heights."