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Retailsales

All articles tagged with #retailsales

business1 year ago

Record Online Sales Highlight AI-Driven Black Friday Shopping Surge

Despite early holiday discounts, US consumers shopped more on Black Friday, with a 3.4% increase in sales year-over-year, driven largely by a 14.6% rise in online shopping. Mastercard reported that while in-store sales grew less than 1%, online spending reached $10.8 billion. Popular purchases included apparel, electronics, and jewelry. Adobe Analytics predicts Cyber Monday will surpass Black Friday sales, estimating $13.2 billion in spending. However, concerns about overconsumption and environmental impact were highlighted by experts.

via CNN|
#blackfriday#business#consumerbehavior
finance1 year ago

October Retail Sales Surge, Defying Economic Caution

October retail sales slightly exceeded expectations, rising 0.4% compared to the anticipated 0.3% increase, while sales excluding food and gasoline rose just 0.1%. This comes amid Federal Reserve Chairman Jerome Powell's comments that there is no rush to cut interest rates, despite recent inflation data aligning with forecasts. The S&P 500 saw modest declines, reflecting market uncertainty about future rate cuts. The odds of a December rate cut have decreased following Powell's remarks and the retail sales report.

via Investor's Business Daily|
#federalreserve#finance#inflation
business1 year ago

American Freight to Close All Stores Nationwide Amid Bankruptcy

American Freight is closing all 328 of its stores nationwide as part of Chapter 11 bankruptcy proceedings by its parent company, Franchise Group Inc. The company is offering significant discounts on its inventory, including furniture and appliances, as it winds down operations. Franchise Group, which also owns brands like Pet Supplies Plus and The Vitamin Shoppe, is undergoing restructuring to strengthen its capital structure. Despite the closures, other brands under Franchise Group will continue operations.

via New York Post |
#americanfreight#bankruptcy#business
finance2 years ago

"Market Volatility: Dow Jones Falls, Stocks Slump on Rate Outlook Jitters"

The Dow Jones Industrial Average dropped 150 points after strong U.S. retail sales in December, with tech stocks like Apple, Nvidia, and Tesla selling off sharply. The S&P 500 and Nasdaq 100 also experienced losses, while oil prices dropped and the 10-year yield ticked higher. Key earnings movers included Charles Schwab, Interactive Brokers, and U.S. Bancorp. Additionally, several stocks, including Amazon, MercadoLibre, Netflix, Novo Nordisk, and Spotify, were highlighted as best stocks to buy and watch in the current market rally.

via Investor's Business Daily|
#dowjones#earnings#finance