Retail
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: U.S. retail sales between Black Friday and Cyber Monday are forecast to rise 5% year over year to $75 billion “for the first time ever,” according to a new Bain & Company report. About 8% of […]
NEW YORK (AP) — U.S. ports from Maine to Texas shut down this week when the union representing about 45,000 dockworkers went on strike for the first time since 1977. Workers began walking picket lines early Tuesday near ports all along the East and Gulf coasts. A shutdown lasting more than a few weeks would […]
Tupperware, the lossmaking 78-year-old American plastic food container brand, has filed for bankruptcy and is on the hunt for new owners as it attempts to lure younger customers. The company, which was founded by the chemist Earl Tupper in 1946 and became known for its patented “burping” seal, has started US chapter 11 bankruptcy proceedings […]
(Bloomberg) — Stocks hit all-time highs after solid retail sales suggested the economy’s main driver is still holding up as inflation recedes and the Federal Reserve nears a start to rate cuts. Most Read from Bloomberg All major equity benchmarks rose, with the S&P 500 heading toward its 38th record this year. Traders also waded […]
Yuki Iwamura/Bloomberg/Getty Images US retail spending has increased in seven of the past 10 months. Washington CNN — Spending at US retailers rose in March for the second consecutive month, underscoring the strength of the US consumer fueled by a robust job market. Retail sales rose 0.7% in March from the prior month, a slower […]
GM (GM) reported Q1 sales figures for the US that topped estimates but were down compared to a year ago due to lower fleet sales. GM said sales of trucks and pickups powered results at the retail level. For the quarter, GM delivered 594,233 vehicles, down 1.5% compared to a year ago; however, retail sales […]
“We’ve said for quite some time now, it has been a resilient consumer.” That was the comment to me this week from Target (TGT) CEO Brian Cornell on his earnings day. Well, that along with his shout-out to $500 million in cost cuts last year ($1.5 billion is the longer-term goal). I happened to mention […]
First-quarter GDP forecast cut after decline in U.S. retail sales MarketWatch Source link
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