In January, U. S. retail sales took a nosedive. This wasn't just because of the cold weather, which kept many people indoors. The drop was also influenced by other factors. The Commerce Department reported a 0. 9% decrease in retail sales from December. This was a bigger drop than experts had predicted and the largest decline in a year. The average temperature in Jan...
Get ready to snag some stellar shoe deals online this Cyber Monday! Major retailers like Nordstrom, Amazon, and Bloomingdale's are rolling out amazing discounts on designer footwear. Celebrities love brands like Ugg, Birkenstock, and Blundstone, and you can grab these styles without leaving your home. For cozy vibes, check out Ugg’s platform slippers, which are ador...
This year, Black Friday saw a big change in how people shopped. Instead of heading to stores, many Americans chose to shop online using their phones and computers. Stores didn't see much growth in sales, only about 0. 7% more than last year. But online sales jumped by a whopping 14. 6%! A data firm called Facteus even said that store sales dropped by 5. 4% when you ...
Black Friday, the day after Thanksgiving, is still a big deal for retailers. They see it as a way to bring people into stores and kick off the holiday shopping season. This year, with fewer days between Thanksgiving and Christmas, stores are eager for Black Friday to succeed. Emily Phillips, a Texas resident, enjoys the in-store shopping experience on Black Friday. S...
Kohl's shares took a big hit, dropping over 20%, after the company's sales plummeted and its CEO suddenly left. The department store, based in Wisconsin, reported that sales in existing stores fell by nearly 10% for the third quarter in a row. This is a tough blow, especially coming just before the crucial holiday shopping season. The company's annual forecast also ...
Target's holiday shopping forecast is a bit of a bummer. They think sales will stay the same, and profits might go down. This isn't great news for Target, which saw sales go up by just 0. 3% last quarter. Their shares dropped by as much as 20% in early trading on Wednesday. Target is like a canary in a coal mine for retail. If things are tough for them, it might mea...
September saw a surprising boost in retail sales, rising 0.4% compared to the previous month. This bump was even better than the experts' guesses. And guess what? People are buying way more stuff than just cars: those sales jumped 0.5%. Even factors like inflation barely made a dent when you look at how it only rose 0.2%. So, what's behind all this spending?...
Retail stores have seen a bigger bump in sales than expected last month. Despite some hurricanes causing chaos, new jobless claims dropped by surprise. This good news has traders thinking a rate cut by the Fed is almost guaranteed next month. More numbers are coming out later today, including how well the housing market is doing. Mortgage rates have been bouncing ar...
Target's recent sales surge, following the shutdown of several crime-ridden stores, has sparked conversations among retailers and policymakers. The retail titan's COO, Michael Fiddelke, credits the improvement to diminished 'inventory shrink,' a term that refers to losses resulting from shoplifting. However, the success brings forth new concerns, as the pattern mig...