Category: Retail & Wholesale

January 26, 2023

UK 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, […]

December 15, 2022

U.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 […]

August 11, 2022

Prices 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 […]

July 27, 2022

Food 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 […]

July 22, 2022

Non-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 […]

July 15, 2022

Consumers 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 […]

July 12, 2022

The 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 […]

June 7, 2022

Shares 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 […]

May 31, 2022

Supermarkets 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 […]

May 25, 2022

Kohl’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 […]

May 18, 2022

Target 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 […]

May 6, 2022

Under 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 […]

April 29, 2022

Consumers 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 […]

April 28, 2022

The 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 […]

February 23, 2022

Lowe’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 […]

February 11, 2022

From 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 […]

February 7, 2022

Your famous Super Bowl guacamole may cost you more this season, as avocado prices hit a record high. A 20-pound box of Hass avocados from Mexico’s largest exporter to the US costs $6.29 more than it did during the same […]

January 26, 2022

According to 10 analyst offering 12-month price targets in the last 3 months, Ulta Beauty has an average price target of $458.2 with a high of $516.00 and a low of $365.00. Below is a summary of how these 10 […]

January 13, 2022

Prices at the wholesale level surged by a record 9.7% for all of 2021, setting an annual record and providing further evidence that inflation is still present at all levels of the U.S. economy. The Labor Department reported Thursday that […]

January 5, 2022

Walmart and Kroger raised the price of Abbott’s at-home Covid-19 test kit after an agreement with the White House to sell the tests at a reduced price expired, the companies said Tuesday. The BinaxNOW kit, one of the first at-home […]