Industries, Retail & Wholesale
March 15, 2023
Via: Markets InsiderSweden’s consumer price inflation increased unexpectedly in February, largely driven by higher food costs, data from Statistics Sweden showed on Wednesday. The consumer price index rose 12.0 percent year-over-year in February, faster than the 11.7 percent increase in January. Economists […]
Industries, Retail & Wholesale
February 17, 2023
Via: Investing.comEarnings results from major retailers in the coming weeks will test the strength of the U.S. stock market rally, as investors gain insight into the health of consumer spending and the fallout on company bottom lines from inflation. As a […]
Industries, Retail & Wholesale
February 16, 2023
Via: ABC NewsWholesale prices in the United States rose 6% in January from a year earlier, decelerating for a seventh straight month. But on a month-to-month basis, prices reaccelerated in January, indicating that inflation pressures continue to underlie the U.S. economy. The […]
Industries, Retail & Wholesale
February 15, 2023
Via: ABC NewsAmerica’s consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in nearly two years, underscoring the economy’s resilience in the face of higher prices and multiple interest […]
Industries, Retail & Wholesale
January 26, 2023
Via: Markets InsiderUK retail sales volumes dropped at a faster-than-expected pace at the start of the year, and retailers expect them to decline again next month, but at a slightly slower rate, survey data from the Confederation of British Industry, or CBI, […]
Industries, Manufacturing, Retail & Wholesale
December 15, 2022
Via: The Wall Street JournalU.S. retail spending and manufacturing weakened in November, signs of a slowing economy as the Federal Reserve continues its battle against high inflation. November retail sales fell 0.6% from the prior month for the biggest decline this year, the Commerce […]
Industries, Retail & Wholesale
August 11, 2022
Via: ABC NewsPrices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy’s inflationary pressures cooled last month. Thursday’s report from the Labor Department showed […]
Industries, Retail & Wholesale
July 27, 2022
Via: Sky NewsFood inflation was up 7%, compared to 5.6% in June. This was partly due to a 8% rise in fresh food inflation, up from 6.2% in June. Non-food inflation hit 3%, up from 1.9% in June – a record-high, beating […]
Industries, Retail & Wholesale
July 22, 2022
Via: Sky NewsNon-food stores, such as clothing and household goods, which slumped by 4.7% and 3.7% respectively, were hit particularly hard, according to data from the Office of National Statistics. Some had hoped that the Queen’s Platinum Jubilee would give shops a […]
Industries, Retail & Wholesale
July 15, 2022
Via: ABC NewsConsumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession. U.S. retail […]
Industries, Retail & Wholesale
July 12, 2022
Via: Sky NewsThe British Retail Consortium (BRC) said the value of total sales was 1% lower in June than a year ago. That followed a 1.1% decline in May. Like-for-like sales, which adjusts for changes in floor space, fell 1.3%. However, the […]
Industries, Retail & Wholesale
June 7, 2022
Via: ABC NewsShares of Kohl’s spiked more than 11% Tuesday after the retailer said that it is in advanced talks to be sold in a deal worth about $8 billion. The Wisconsin chain said late Monday that it was in a three-week […]
Industries, Retail & Wholesale
May 31, 2022
Via: The Wall Street JournalSupermarkets and distributors are pushing back on higher prices from food makers, as escalating inflation drives more consumers to rethink their spending. Kroger Co. and other grocery chains said they are asking brands to prove why higher prices are necessary […]
Industries, Retail & Wholesale
May 25, 2022
Via: Equities NewsKohl’s Corporation ( Kohl`s Corp. – $43.19 1.57 (0.03624%) ) shares jumped 12% Wednesday after a Reuters report revived investors’ hopes that the company could still be acquired. The report cited people familiar with the matter as saying that multiple […]
Industries, Retail & Wholesale
May 18, 2022
Via: ABC NewsTarget took a big hit from higher costs during the first quarter despite brisk sales and shares appeared headed for their most severe sell-off since the Black Monday market crash of 1987. Profits for major retailers has come under pressure […]
Industries, Retail & Wholesale
May 6, 2022
Via: Investing.comUnder Armour Inc forecast full-year profit below estimates on Friday, as the sportswear maker grapples with higher transportation costs and a hit to its business from renewed COVID-19 curbs in China. Shares of Under Armour (NYSE:UA) tumbled over 21% in […]
Industries, Retail & Wholesale
April 29, 2022
Via: The Wall Street JournalConsumers spent more in March, showing American households are absorbing high inflation and are positioned to propel the economy heading into the spring and summer. Personal-consumption expenditures increased a seasonally adjusted 1.1% in March from the prior month, the Commerce […]
Industries, Retail & Wholesale
April 28, 2022
Via: Sky NewsThe company’s first quarter results included its first quarterly loss since 2015 though the $3.8bn sum was blamed on a $7.6bn writedown in the value of its investment in electric vehicle start-up Rivian. However, the red ink was overshadowed by […]
Industries, Retail & Wholesale
February 23, 2022
Via: ABC NewsLowe’s Cos., the nation’s second-largest home improvement chain behind Home Depot, offered an upbeat annual outlook after reporting strong fiscal fourth-quarter results that showed a still sizzling housing market. The report, released Wednesday, follows a robust quarterly report from Home […]
Industries, Retail & Wholesale
February 11, 2022
Via: Seeking AlphaFrom the pandemic-low share prices in March of 2020, Best Buy (BBY) has made immense highs (over $140) and more recently fallen to under $100 per share. While this recent bearish behavior in price action comes largely from slowing growth […]