Tyson Chicken Nuggets, owned by Tyson Foods, are for sale in Queens, New York, U.S., November 16, 2021. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register May 9 (Reuters) – Tyson Foods Inc (TSN.N) raised its full-year sales outlook on Monday after soaring meat prices helped the U.S. processor beat its...
Read MoreWASHINGTON DC – The economy’s rapid growth may slow somewhat as the Federal Reserve tries to tame inflation over the next few months, but consumers will likely continue to shop as lower inflation dampens the uncertainty, said Jack Kleinhenz, chief economist for the National Retail Federation. Monday, May 3. “Fed tightening has kicked off...
Read MoreShare price of Shopify (STORE 4.36%) have been completely demolished lately. After hitting an all-time high of $1,762.92 per share on November 19, 2021, Shopify stock has now fallen 70% in less than six months. In retrospect, Shopify stock probably got ahead of itself. But its valuation is finally showing signs of being more...
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Read MoreTwo research reports published this week showed Apple (AAPL) slipping to third place, behind Chinese brands of Android handsets. Smartphone sales in China fell 14% in the first quarter as volumes fell “near levels seen in the severe pandemic-affected first quarter of 2020,” Counterpoint Research said in a statement. report Thursday. Apple (AAPL)Sales fell...
Read MoreBy Anthony O. Goriainoff Fix Price Group Ltd. said Wednesday that revenue rose 21% in the first quarter as retail revenues increased, and said it would defer the final dividend payment for 2021 for up to 12 months. The Russian company, which operates a chain of discount variety stores, said its revenue was 62.63...
Read MoreApril 25 (Reuters) – Craig Fuller is monitoring millions of transactions between U.S. truckers and their customers as chief executive of transportation data firm FreightWaves – and he doesn’t like what he’s seeing. There was one unexpected sudden slowdown in demand to truck everything from food to furniture since the start of March and...
Read More© Reuters. By Ketki Saxena Investing.com — The biggest story for the Canadian economy last week was inflation data for March. Statistics Canada said the CPI (consumer price index) rose 6.7% year-on-year in March, with inflation across the board in all categories, including essentials such as energy, groceries and housing. Other important data from...
Read MoreThe pound fell to its weakest level since the end of 2020 after a sharp drop in British retail sales underscored the depth of the cost of living crisis fueled by soaring inflation. Britain’s retail sales volume fell 1.4%, the Office for National Statistics said, worse than the 0.3% drop predicted in a Reuters...
Read MoreMACAO, April 20 – Information from the Statistics and Census Service (DSEC) indicates that revenue from restaurants and similar establishments surveyed fell 5.3% year-on-year in February 2022, Western restaurants, Chinese restaurants and Japanese and Korean restaurants recorded respective declines of 8.5%, 7.7% and 7.2%. Meanwhile, sales at surveyed retailers rose 29.7% year-on-year in February;...
Read MoreAUD/USD slipped below 0.7400 on poor retail sales data from China. US 10-year Treasury yields hit a new three-year high of 2.88%. The RBA minutes and the Fed’s Powell speech are the key events this week. AUD/USD is experiencing a bloodbath on Easter Monday after slipping below the previous week’s low at 0.7392. The...
Read MoreGrocery giant Albertsons is expanding advertising opportunities for consumer packaged goods (CPG) brands to include new sensory experiences. Grocery stores in the Chicago and New Jersey areas will spread the smell of freshly baked cheesecake near designated coolers selling Philadelphia cream cheese, according to a recent Kraft Heinz announcement. The limited-time initiative runs through...
Read MoreALEXANDRIA, Va., April 12, 2022 /PRNewswire/ — NATSO, representing truck stops, haulage areas and off-road fuel retailers, and SIGMA: Major fuel distributors in the United States have praised the Biden administration for allowing the sale throughout the year of gasoline containing 15% ethanol (E15). The industry has warned, however, that continued infrastructure compatibility hurdles...
Read MoreDespite increased tax refunds, crucial for down payments, retail sales of used cars and trucks fell and auction prices fell as price resistance set in. By Wolf Richter for WOLF STREET. According to the estimates of Cox Automotive, based on its Dealertrack data. Blame slow tax refunds? Blame the unsustainable crazy price spike? So...
Read MoreMario Tama/Getty ImagesNews Pay attention to what people do, not what they say Retail sales could be doing very well, at least according to the latest card spending data from Bank of America (BAC) Global Research. Additionally, Costco (COST), one of the few companies to release monthly comparable store sales figures, made news on...
Read MoreWEST SPRINGFIELD, Mass. (WGGB/WSHM) – The mayor of West Springfield wants to lift a ban on the sale of recreational marijuana in his community. The last time this was tried was in 2018, when Mayor Will Reichelt voted just one councilman to allow retail marijuana stores in West Springfield. This time he has three...
Read MoreRichmond is one of the driving forces behind the boom in the commercial real estate market. Sales of commercial real estate in the Lower Mainland were the second highest in recorded history, bringing in $14.39 billion in 2021, according to the latest report from the Real Estate Board of Greater Vancouver (REBGV). And Richmond...
Read MoreTrucking news and briefs for Tuesday, March 29, 2022: Used truck sales, prices rose in February According to the latest State of the Industry: US Classes 3-8 Used Trucks, published by ACT Research, used Class 8 retail sales volumes (same dealership sales) increased 16% in February from compared to January. Looking further ahead, sales...
Read MoreTwo Indian Oil Corporation Ltd (IOCL) officials arrested for corruption in Nagpur and Gondia districts of Maharashtra were taken into custody by the CBI on Saturday, an official said. The CBI had on Friday arrested Manish Nandle, Chief Manager (Retail Sales), IOCL, as he accepted a bribe of Rs 1 lakh...
Read MoreFamily and leisure travel is recovering faster than business travel to the United States, fueling growth in sales of larger suitcases PORT WASHINGTON, NY, March 24, 2022 /PRNewswire-PRWeb/ — As COVID-19 cases and restrictions continue to taper across the United States and vacation plans begin, travelers are preparing to pack their bags once again....
Read MoreDomino’s Pizza Inc. (NYSE: DPZ), the world’s largest pizza company, understands that there would be no pizza to deliver without farmers and young people pursuing careers in agriculture. In recognition of its support of the agriculture industry, Domino’s announces the start of a new five-year, $1.5 million commitment to the National FFA Organization. The...
Read MoreShoes line the shelves at the Nike store on December 21, 2021 in Miami Beach, Florida. Joe Raedle | Getty Images Nike’s post-earnings comments on Monday could be a harbinger of how the retail sector is being affected by the war in Ukraine, sky-high oil prices and inflationary pressures that threaten to cut spending...
Read MoreThe Canadian dollar continues to rally and gained more than 1% this week. We will see Canadian retail sales later today. Retail sales are expected to rebound After a difficult start to the week, the Canadian dollar pulled back and posted three winning days, while the US dollar fell against the major currencies. The...
Read MoreIn-store sales remained at pre-pandemic levels last month as retailers continued to face “no shortage of storm clouds”. While food and drink continued to perform well, fashion and footwear trade in Scotland was “slow”, highlighting the polarization between food and non-food sales. Data from the Scottish Retail Consortium (SRC) and KPMG showed that between...
Read MoreDublin, March 14, 2022 (GLOBE NEWSWIRE) — The “The environmental impact of e-commerce 2022” report has been added to from ResearchAndMarkets.com offer. “The Environmental Impact of E-commerce 2021” provides an overview of the B2C e-commerce market and its environmental impact around the world. Among other findings, the publication reveals that more than 40% of...
Read MoreUS consumers continue to spend despite the end of federal stimulus programs last year. According to the US Census Bureau, retail sales in January were up 7.5% from a year ago. Holiday sales rose a record 14.1% last year, far exceeding expectations. Part of the sales gain was due to higher prices in everything...
Read MoreMURPHYSBORO, Ill. (KFVS) – Just a day after a fire broke out in the Murphysboro Walmart on Wednesday morning, crews are starting to clean rooms. “Well, obviously that will force residents to readjust some of their shopping habits,” Murphysboro Mayor Will Stephens said. Mayor Stephens says the fire in Walmart cities could also mean...
Read MoreThe owner of KFC and Pizza Hut, as well as British baby clothes chain Mothercare, became the latest companies to suspend operations in Russia following its invasion of Ukraine. After a number of major Western brands, including McDonald’s, Starbucks, Coca-Cola and PepsiCo, bowed to public pressure and suspended operations in Russia, Yum! Brands have...
Read MoreOne of the most common inquiries we receive from foreign investors is about setting up subsidiaries in the Philippines and their concerns about minimum capital requirements related to the nature of their business or industry. Foreign ownership restrictions in certain industries certainly affect the flow of foreign investment into the country, with the Philippines...
Read MoreAmazon. AMZN 0.60% com Inc. plans to close dozens of bookstores and other outlets it had opened in recent years to showcase best-selling products, as part of a broader shift the tech giant operates in its physical retail strategy. The e-commerce giant said Wednesday it plans to close stores to focus on its grocery...
Read MoreIn addition to net sales growth of 15.8% to $3.4 billion for the second quarter of fiscal 2022 ending Feb. 12, AutoZone reported an inventory increase of 6.2% from the same period a year earlier, thanks to 31 new stores, hubs and megahubs. in the United States, Mexico and Brazil, according to a Tuesday...
Read MoreJanuary retail sales +1.8% vs. forecast +0.4% Housing loans up 7.7% per year Momentum continues in Q1, with Q4 GDP jumping 3% SYDNEY, Feb 28 (Reuters) – Australian retail sales were surprisingly strong in January as buyers resisted a surge in Omicron business with aplomb, suggesting the economy maintained considerable momentum in the new...
Read MoreMACAO, February 24 – Information from the Statistics and Census Service (DSEC) indicates that the value of retail sales for the fourth quarter of 2021 amounted to MOP 18.50 billion, up 1.7% from one year to the next. After removing the effect of price changes, the sales volume index rose 4.6% year-on-year. Among the...
Read MoreDillard’s, Inc. said its profits nearly quintupled in the fourth quarter ended Jan. 29, as sales jumped 37%. Earnings and sales exceeded Wall Street targets. The winnings came to $16.61, ahead of the Wall Street consensus estimate of $11.40. Income from $2.113 billion beat Wall Street’s consensus estimate of $2.5 billion. Dillard CEO William...
Read MoreOn March 1, voters in Woodstock and Hartford will decide whether to legalize cannabis at retail at Town Meeting. “Whether or not there’s cannabis in our city isn’t really a question on the ballot. It’s about whether we’re going to allow regulated retail dispensaries,” said Kim Souza, who sits on the Hartford Selectboard “I’m...
Read MoreCanadian retail sales fell 1.8% to $57 billion in December as the spread of the Omicron variant and severe flooding in British Columbia and the Atlantic provinces disrupted transportation, operations retail and sales, Statistics Canada announced Friday. It’s the biggest drop since last April, when regions across the country implemented tougher COVID-19 restrictions, the...
Read MoreThe US Dollar traded lower against all major currencies on Wednesday despite hawkish FOMC minutes and strong US data. The Federal Reserve is on track to raise interest rates in March, especially after the 3.8% jump in retail sales last month. Economists expected the increase to be led by auto and gas sales, but...
Read MoreUS retail sales are expected to rebound in January. Investors are likely to ignore US data amid the Russian-Ukrainian conflict. The US Dollar Index needs to clear the resistance at 96.40 to continue pushing higher. The dollar started the new week on solid footing and outperformed its rivals as heightened fears over Russia’s invasion...
Read MoreIf there was any doubt that commercial real estate sales have yet to recover from the pandemic recession, a recent report by the Hayes Commercial Group of Santa Barbara certainly proves otherwise. Trade sales for the fourth quarter of 2021 topped the charts with 117 deals totaling $770 million, the highest sales quarter on...
Read MorePURCHASE, NY–(BUSINESS WIRE)–February 10, 2022– 2022 kicked off with gains across nearly every retail sector, according to Mastercard SpendingPulse™, which measures in-store and online retail sales for all payment methods. In January, retail sales in the United States excluding autos increased 7.2% year-on-year (YOY)with online sales up 10.4% compared to January 2021. Despite Omicron’s...
Read MoreSince 20113Civic is the #1 vehicle among millennial buyers. It also attracted the highest number of Gen Z shoppers, first-time shoppers and multicultural shoppers in the industry in the past six years.4. Honda has sold nearly 2 million Civics in the United States since 2016, and the Civic has been America’s best-selling certified used...
Read MoreAs India recovers from the third wave of Covid, the Federation of Automobile Dealers Associations (FADA) said on Monday it expects auto retail sales to slowly turn positive again. The semiconductor shortage is also showing signs of easing as many passenger vehicle (PV) makers provide better distribution, he said. “We therefore expect vehicle availability...
Read MoreAfter adjusting for the retail sales inflation rate, measured at 3.4% in October, overall retail sales volume fell 6.6% from October 2020, according to the retail sales index. detail recently published. A government spokesperson said: “Today the Cabinet Office released the Retail Sales Index for October 2021 . October retail sales fell 6.6% from...
Read MorePORTSMOUTH, Va. — At the Columbia Care dispensary, Tuesday brought another busy morning with people coming to buy medical marijuana. Among them is a Navy veteran named Levi Corbiere, who uses medical marijuana to treat pain. “Now I do that and it’s much better,” he said. As Virginia debates the next steps for legalizing...
Read MoreBy Xavier Fontdegloria Retail sales in Spain fell sharply in December as Covid-19 cases rose and the spread of the Omicron variant of the coronavirus and high inflation hit consumer spending. Retail store sales fell 5.9% in seasonally and calendar-adjusted terms in December from the previous month, according to data from the national statistics...
Read MoreRICHMOND, Va. — Newly empowered Republican lawmakers in Virginia who have opposed legalizing simple possession of marijuana say they don’t want to scrap the law, but they want to make significant changes. Those changes could include delaying the start date for retail sales and removing a provision that would give licensing preference to people...
Read MoreGoodwill has been operating thrift stores for over a century, but never quite in this environment. Consumers are embracing resale and used goods like never before, so now is a good time to Goodwill Industries of Dallas to have a retailer running the show. Tim Heis, 43, joined Goodwill as CEO just before the...
Read MoreThe first year of the pandemic era, 2020, proved fantastic for retail sales of fresh meat in grocery stores. No surprise: People weren’t eating out and they were relying on comfort foods and staples to feed them and their families. The sight of empty meat shelves is now one of the most enduring images...
Read MoreNelson Peltz’s activist hedge fund Trian Partners has taken a stake in Unilever, increasing pressure on the FTSE 100 company after its failed pursuit of GlaxoSmithKline’s consumer healthcare business (The Financial Times £). Unilever’s management has been in more trouble since it emerged that Nelson Peltz’s activist hedge fund had taken a stake in...
Read MoreOn Friday, the dollar rebounded slightly against the Loonie, regaining short-term support. US Treasury yields fell slightly. Canadian retail sales were stronger than expected and rose in November, while US leading economic indicators came in line with expectations. Next week, currency markets will focus on the Federal Reserve meeting. The FOMC will likely continue...
Read MoreSales tax data is divided into four sub-regions within the city. In future years, the Board of Supervisors could use reports from each region to analyze the success of infrastructure projects like the William Street Complete Streets project. By Faith Evans Thursday, January 20, 2022 Despite a bleak outlook, Carson City retail sales have...
Read MoreIcra Ratings has revised fashion retailers’ revenue forecasts for the current fiscal year down to 70-72% of their pre-pandemic levels, trimming 8% from an earlier estimate due to new restrictions on the opening hours of malls and non-essential shops, and reduced mobility amid the third wave of Covid. Icra expects the sector to only...
Read MoreRetail sales for the Midcoast set another monthly record in November, continuing the trend in place for the first 11 months of 2021. Retail sales for the region — which includes all of Knox County and the adjacent Waldo County towns of Lincolnville and Islesboro — totaled $54.3 million in November 2021, according to...
Read MoreMarkets: WTI crude up $2.03 at $84.15 US 10-year yields up 7.5 basis points to 1.784% S&P 500 up 4 points to 4662 Gold down $6 to $1,816 JPY leads, AUD lags The mood was bad early on and a dismal retail sales report threatened to make things worse, but the headlines didn’t trigger...
Read MoreCanadian Dollar Talking Points USD/CAD rebounds from a new monthly low (1.2453) as a growing number of Federal Reserve officials adopt a hawkish tone, but the exchange rate remains likely to fall further as it extends the series of lower highs and lower lows since the start of the week. USD/CAD extends bearish price...
Read MoreLong checkout lines. Closed changing rooms. Empty shelves. Reduced opening hours. No more fear of contracting the coronavirus and another season of skirmishes with customers who refuse to wear masks. A tired retail workforce is feeling the fallout from the latest wave of the pandemic, with a variant that is spreading quickly and downsizing....
Read MoreA look at some of the major business events and economic indicators coming up this week: EYE ON INFLATION The Labor Department serves its December reading of consumer inflation on Wednesday. Americans continue to face higher costs, reflected by large annual increases in the Consumer Price Index over the past year. Prices for U.S....
Read MoreThe Confederation of All Indian Traders (CAIT) said on Saturday that the increase in Covid cases and the imposition of various restrictions in the states have had a direct impact on economic activities. He estimated that retail sales have fallen on average by about 45 percent over the past seven days. The traders’ body...
Read MoreLuxury automaker Volvo Car India said on Thursday its retail sales rose 27% to 1,724 units last year from 2020. The Swedish manufacturer sold 1,361 cars in 2020. Last year’s sales growth was driven by the company’s SUV portfolio, with the company’s mid-size SUV XC60 becoming the best-selling model, followed by the compact SUV...
Read MorePLANO, Texas, January 4, 2022 / PRNewswire / – Toyota Motor North America (TMNA) today announced sales of 174,115 vehicles in the United States in December 2021, down 30.2% in volume and 27.7% in daily sale (DSR) compared to december 2020. For calendar year 2021, TMNA reported US sales of 2,332,262 vehicles, an increase...
Read MoreThe Australian Retailers Association, with Roy Morgan, predicts that a total of $ 21.1 billion will be spent during the post-Christmas selling period (i.e. the three weeks from Boxing Day ) both in store and online. This prediction indicates an increase of 2.1% from the same period last year and 12.6% from pre-pandemic levels...
Read MoreWhether in-store or online, US retailers have had a great Christmas holiday. The recipients too, it seems. Stop by the Brookhaven Walmart today and you might notice something odd for a post-holiday atmosphere: There were no queues at the customer service desk, at least on Wednesday. Only one rep was on hand to help...
Read MoreAfter a nearly 90-day whirlwind of preseason promotions, holiday sales, product shortages, delivery constraints and a persistent spike in COVID numbers, the retail rush is officially in. books, or as the Ink stains sung in their 1947 classic; “It’s over except the crying.” The funny thing is that while there is always a lot...
Read MoreThe world was already rushing towards e-commerce representing a higher percentage of total retail sales before the pandemic hit, and now it is climbing at an inexorable rate. eMarketer says global retail sales fell 2.8% in 2020 to $ 23.6 trillion as consumers changed their online shopping habits. E-commerce sales soared more than 25%...
Read MoreRetail sales in the United States have jumped nearly 11% this season compared to the holiday period in 2019, the year before the pandemic hit the global economy, according to a Mastercard report released on Sunday. The report, Mastercard ExpensesPulse, showed an 8.5% increase in retail sales during the holiday season, set from November...
Read MoreBoxing Day is expected to take a beating from its young rival this year. While Black Friday had already passed December 26 as the shopping day of the season, pandemic restrictions and concerns about increasing COVID-19 cases could worsen the sales disparity as more and more consumers are staying at home for the holidays,...
Read MoreChristmas is just a few days away, signaling that we are now halfway through a strong seasonal month for the stock market. Source: jayk67 / Shutterstock.com According to the people of Bespoke, the S&P 500 has posted gains every December since 1983 and this year is no exception. The S&P started the month up...
Read MoreReebok, bought by Authentic Brands Group in August, will now be sold in thousands of JD Group stores thanks to a new agreement between the two companies. The non-exclusive OK comes after ABG announced plans to buy Reebok from Adidas for $ 2.46 billion – the acquisition should be finalized in the first quarter...
Read MoreTraders in Knox County have seen record retail sales continue through October, according to the state’s latest report. Retail sales for the region – which includes all of Knox County as well as the adjacent Waldo County towns of Waldo, Lincolnville and Islesboro – totaled $ 66.1 million in October 2021, according to the...
Read MoreHonda Cars India said on Friday that the new Amaze has passed a two lakh retail milestone in the country. The company presented the second generation of the compact sedan in May 2018. The model is one of Honda’s most successful models in India with cumulative deliveries of over 4.6 lakh units since the...
Read MoreRetail sales edged up at the start of the holiday season as shoppers faced rising inflation and supply shortages, and some bought gifts earlier. Sales at retail stores, online vendors, and restaurants in the United States seasonally adjusted 0.3% in November compared to the previous month, the Commerce Department said on Wednesday. This was...
Read MoreA woman walks past a Marks & Spencer store in Oxford Street, amid the coronavirus disease (COVID-19) outbreak, in London, Britain July 20, 2020. REUTERS / Henry Nicholls / File Photo Register now for FREE and unlimited access to reuters.com Register LONDON, December 14 (Reuters) – Marks & Spencer (MKS.L) was the fastest growing...
Read MoreMAHWAH – An order that would allow a cannabis retail store to operate on Route 17 North did not get city council approval in a hearing Monday. A vote was postponed until Thursday Ordinance 1956. It would rezone the old gas station property at 231 Route 17 North – just south of the West...
Read MoreAs marijuana businesses gain acceptance in the suburbs, DuPage County Board members are considering lifting the ban on jar retail stores in unincorporated areas. County board member Liz Chaplin said more cities that previously rejected leisure sales have since voted to allow stores within their borders. She called on the county board to reconsider...
Read MoreDomino’s Pizza Inc. (NYSE: DPZ), the world’s largest pizza company, announces the promotions of Kate Trumbull, Christopher Thomas-Moore and Juan Joachin as Senior Vice President, effective immediately. “These three people have been instrumental in the growth and innovation of Domino’s in their respective fields,” said Ritch Allison, CEO of Domino’s. “Their promotions are well...
Read MoreMAISON de SABRÉ embodies the art of personalized leather goods in a timeless spirit. Our signature collection of cases, wallets, pouches and pocket accessories is the expression of high-end craftsmanship and design innovation within the sphere of contemporary luxury. By choosing to bypass fast-fashion and runway trends, our pieces are the ultimate life companion,...
Read MoreGreat Outdoors Group, LLC and Sportsman’s Warehouse Holdings, Inc. announcement Friday (December 3) through the Federal Trade Commission (FTC) that they cancel their proposed merger, which would have brought together two companies of outdoor sporting goods. Both companies specialize in hunting, shooting, fishing, camping and other outdoor equipment. “Following an 11-month in-depth investigation by...
Read MoreA person walks out of a Dollar General store in Mount Rainier, Maryland, United States on June 1, 2021. REUTERS / Erin Scott / File Photo Register now for FREE and unlimited access to reuters.com Register Dec. 2 (Reuters) – Dollar General Corp (DG.N) forecasted annual sales and profits well below expectations on Thursday...
Read MoreThe domestic industry’s woes extend beyond the consumer mask market. In recent months, the medical supply giants that serve the country’s major hospital systems have eagerly resumed purchasing low-cost protective equipment overseas. The companies, including McKesson, Henry Schein and Cardinal Health, have pressured the Biden administration to retain a tariff exemption on imported protective...
Read MorePlant-based meat is losing its enthusiasm, with falling sales in the United States clouding expectations that the nascent category would take a share of the actual animal meat market. In the four weeks leading up to Oct. 3, sales of plant-based meat substitutes fell 1.8% from the previous year, bringing a decline for 2021...
Read MoreBut this year’s Small Business Saturday promotion is unlikely to change the fortunes of independent stores in America, which have radically diverged from their biggest rivals. Small retailers have been squeezed out throughout the pandemic and are at a significant disadvantage in the face of the current supply chain crisis, rising inflation and a...
Read MoreReversing a loss of 0.15% from Wednesday, ASX200 rose 0.11% to end the day at 7,407.29. Bank stocks weighed on Thursday, while commodities and tech stocks provided support, with the rise coming on the back of modest US gains on Wednesday. Statistics Economic data was limited to new private CAPEX figures at the start...
Read MoreIn e-commerce, 2021 doesn’t look like it was just a few weeks ago. The industry is changing — again — and doing so quickly. Now, new predictions from the Digital Commerce 360 research team show that 2021 will be an unprecedented year in e-commerce history. Last year, as the pandemic changed the retail landscape,...
Read MoreText size Despite their concerns about inflation, American consumers shop and continue to fuel economic activity. Spencer Platt / Getty Images Inflation makes consumers miserable. Judging from retail sales, it might not matter, just yet. But high inflation expectations are a warning worth heeding, potentially signaling slower economic growth to come. When the Commerce...
Read MoreRetail sales grew at the fastest pace since March in the United States. While it is beneficial for economic growth, excess spending is due to inflation. However, with the holiday season quickly approaching, retailers are hoping consumers will soon be flooding stores, both physical and online. In light of this, investors can choose funds...
Read MoreAfter spending nearly two full years battling the impact of COVID, The Macerich Co.’s third quarter numbers were “remarkable” thanks to demand from retailers. That’s according to CEO Tom O’Hern, during the REIT’s third quarter earnings call. O’Hern noted that buyers have come back with a vengeance as American consumers continue to shop for...
Read MoreThe local note traded mostly higher against a basket of major currencies, with the exception of the pound sterling where it had depreciated to 5.5847 / 5880 against 5.5794 / 5834 at yesterday’s close. . – Photo by Hari Anggara KUALA LUMPUR, November 16 – The ringgit opened slightly lower against the US dollar...
Read MoreSEOUL, Nov. 11 (Yonhap) – Retail sales in South Korea’s 15 provinces and major cities increased in the third quarter as people increased their outdoor activities as part of the vaccine rollout and the economic recovery, according to data released on Thursday. Retail sales, an indicator of private spending, increased in nine provinces and...
Read MoreHello and welcome to our continued coverage of the global economy, financial markets, euro area and business. The surge in risky asset prices this year has made them increasingly vulnerable to a drop if economic growth worsens, the pandemic escalates, or investors lose confidence. That’s the message from the US Federal Reserve, which is...
Read MoreRetail sales of small and medium-sized enterprises (SMEs) at constant prices grew 2.5% in October in the monthly comparison, while compared to the same month of 2020, the increase was 9.1% , as reported today by the Argentine Confederation of Medium Enterprises (CAME). Retail sales of small and medium-sized enterprises (SMEs) at constant prices...
Read MoreAverage UK house prices hit a record high of £ 270,000 as prices defied expectations of a slowdown after the stamp duty holiday ended. The Halifax home price index rose 8.1 percent in October from the same month last year, rising 7.4 percent the month before and marking the fastest pace since June. The...
Read MoreRetail sales volumes fell a record 4.4% in the September quarter as lockdowns from COVID-19 hampered trade in major states. The Australian Bureau of Statistics said NSW saw the largest drop in volume (11.6%) reflecting blockages in Greater Sydney and areas during this time. Economists’ forecasts had indicated a sharp 5% drop in spending...
Read MoreThe impact of the pandemic on the country’s economy will be a key factor in retail sales during the 2021 holiday season, but the National Retail Federation is nonetheless confident in its forecast for record growth, Jack Kleinhenz said today. , chief economist of the NRF. “There are several factors that combine to have...
Read MoreIn fiscal 2020 (ended March 31, 2021), many retailers saw their sales increase by 17% thanks to an increase in transaction size to $ 31 on average and a sharp increase in online orders, according to NGA and FMS Solutions. And while inflation was high and continues to climb, sales still gained 13.5% when...
Read MoreOn the macro It’s a busy week ahead on the economic calendar, with 58 statistics in the spotlight in the week ending 5e November. During the previous week, 56 statistics had been finalized. For the dollar: At the start of the week, PMIs in the manufacturing sector will spark interest. Expect ISM survey data...
Read MoreNew Braunfels continues to see a trend of a double-digit increase in sales tax revenue, compared to numbers depressed by last year’s pandemic, according to data from the Texas Comptroller’s Office. Sales tax revenue from August transactions received this month by the city increased by more than $ 900,000, or about 30.4%, from the...
Read More“Although mail and postal services have been the primary mode of distributing counterfeits regardless of the origin of the sale, 91% of all counterfeits sold online were seized by mail, while a significant portion counterfeits unrelated to online sales has been transported by express courier or air shipments. On October 25, the European Union...
Read MoreBentonville, Fayetteville, Rogers and Springdale cumulatively reported $ 8.095 million in sales tax revenue in the October report, up 19.5% from $ 6.771 million a year ago and 6.92 million. million dollars in the pre-COVID year of 2019. The revenue comes from the local sales tax collected by cities on sales of goods and...
Read MoreRetail sales in Britain fell for the fifth consecutive month, The Guardian reported. The 0.2% drop in September was unexpected, comes despite the removal of most pandemic-related restrictions, and marks the worst crisis since modern records began in 1996. The Office for National Statistics said sales volumes fell for household goods stores, drugstores, toy...
Read MoreStatistics It was a busier week on economic calendar, in the week ending 22sd October. A total of 61 statistics were monitored, up from 56 the week before. Of the 61 statistics, 26 are ahead of forecast, with 30 economic indicators below expectations. There were 5 stats that were in line with the week’s...
Read MoreUK businesses have been hit by record cost increases, with UK factories’ output growth almost at a standstill amid the supply chain crisis. Rising wages and the worsening global supply chain crisis have driven costs up at a record pace – input price inflation has reached the fastest rate since the index began in...
Read MoreNarvaez added that he would like future applications for cannabis for adult use to require city council approval, instead of requiring approval from the city’s only planning commission. “I support adult use. It’s not a question of whether or not we should ”Narvaez said.” For me, it’s about more detail in the transition to...
Read Morewe retail sales are forecast to increase 6.7% for the November-December holiday shopping season, a sharp slowdown from the 14% growth seen from the start of the year through September. This is according to Customer Growth Partners, which also reports that the 6.7% gain in sales from the 2021 holidays is lower than the...
Read MoreDespite lingering fears of the Delta variant of the coronavirus and festering supply chain issues, retail sales in the United States rose for the second consecutive month in September. This unexpected increase defies concerns about slowing consumer activity. Accumulated savings and rising wages have supported the rise in retail sales. With more people returning...
Read MoreOur monthly MoodyOnTheMarket.com analysis of nationwide retail sales is provided by the National Retail Federation, which advocates for retailers in Washington and across the country. Here is their latest review, dated October 15: Retail sales rose again in September, as concerns over the delta variant of COVID-19 pushed consumer spending toward merchandise rather than...
Read MoreIn today’s top retail news, the U.S. Department of Commerce says retail sales rose in September, although inflation may have something to do with it, as more traders might consider accepting cryptocurrency in the next few years. Additionally, Walmart is trying to expand its conversational commerce capabilities despite Amazon’s dominance, and Toyota is shifting...
Read MoreEarly in the day: It was a quieter start to the day on the economic calendar this morning. The Kiwi Dollar was in action this morning. For the Kiwi Dollar The Business PMI fell from 39.7 to 51.4 in September. In August, the PMI had tumbled from 62.4 to 39.7. According to September survey,...
Read MoreCITY OF ULSTER, NY – Members of City Council held a public hearing on Oct. 21 to remove state laws that would allow the retail sale of marijuana or the opening of cannabis salons. The meeting is scheduled for 7:10 p.m. at City Hall on Town Hall Drive. Supervisor James Quigley said a ruling...
Read MoreThis in a context where overall wine sales in the industry increased by 1%. According to Wine Australia 2021 Direct Consumer Wine Survey Report, Online and cellar door sales experienced the strongest growth in value of DTC channels in 2020-2021. The survey showed that the turnover of cellar door sales increased by 22%, while...
Read MoreText size The third quarter earnings season kicks off this week, with several major banks reporting. Economic data released this week includes the latest readings on US inflation and consumer and small business sentiment. JPMorgan Chase publishes its third quarter results on Wednesday, followed by Bank of America , Citigroup , Morgan stanley ,...
Read MoreToday’s Mortgage and Refinance Rates Average mortgage rates increased only slightly yesterday. But that was enough to bring them to their highest level since April. The good news is that these rates remain exceptionally low by almost any standard. Over the past 50 years, they’ve only been lower than they were last night for...
Read MoreTotal retail sales have been increasing each month, year over year, since September 2020, with consumer spending showing positive signs of recovery as the much-anticipated holiday season approaches. According to Mastercard ExpensesPulseMT, US retail sales excluding auto and gasoline increased 5.4% year-over-year in September and increased + 11.5% from September 2019. E-commerce sales continue...
Read MoreSTOCKHOLM, October 7, 2021 / PRNewswire / – FreedomPay, a leading consumer-centric commerce platform, today announced an integration with Klarna, world leader in retail banking, payment and purchasing services. Starting today, FreedomPay U.S. merchants can offer Klarna’s flexible, interest-free payment solutions at checkout in-store, maximizing sales and bringing additional ease and convenience to shoppers...
Read MoreTwo recent unanimous Massachusetts Supreme Court decisions confirm the supremacy of state marijuana laws over local zoning restrictions. The decisions also indicate a tendency by the Supreme Court of Justice to turn to the state’s policy of legalizing the sale of marijuana in the face of restrictive local orders. Both cases involve the same...
Read MoreWARSAW – No decision has been taken by village officials on whether or not to allow the sale of legalized marijuana. Under state law, cities, towns and villages have until December 31 to refuse to allow adult cannabis retail dispensaries or on-site consumption licenses in their jurisdictions. If nothing is done, they are automatically...
Read MoreDemand for elderberry and ashwagandha helped the herbal dietary supplement market reach record sales last year, with consumers turning to natural products marketed for conditions such as immune health and support. stress. For the first time, annual sales of herbal supplements in the United States have exceeded $ 10 billion, according to the Herbs...
Read MoreOnline retail sales have doubled in 18 months Consumer confidence; Final retail trade; Site gauge Retail trade fell 1.7% in August. Online spending increased 15.1%. Consumer confidence rose for the fourth week in a row, rising 0.9% to a 12-week high. Construction Performance rose 14.9 points to 53.3 points in September. Retail business •...
Read MoreMissouri Grows 5% From Record Medical Marijuana Sales In August The Department of Health and Seniors’ Services announced monthly medical marijuana program retail sales figures for September, October 1. The program broke the $ 100 million mark in cumulative and cumulative sales last month, posting a record $ 21.73 million in retail revenue in...
Read MoreThe marketing year that ended in June 2021 is unlike any other year the US potato industry has seen. With the ebb and flow of pandemic restrictions from June 2020 to July 2021, foodservice sales fluctuated while retail purchases remained extremely strong throughout the year. To help the industry understand the demand for domestically...
Read MoreBEACHWOOD, Ohio – (COMMERCIAL THREAD) – On October 1, 2021, Retail Value Inc. (NYSE: RVI) completed the sale of the previously announced portfolio of five continental United States properties for $ 264 million before closing costs, pro-rata and other adjustments of fencing. As a result of the transaction, the Company holds interests in three...
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