Sales at retailers rose far more than expected in January as consumers persevered despite rising inflation pressures. Advance retail sales for the month increased 3%, compared to expectations for a ri...
Tag: retail sales
Fed is not your friend
As Wall Street gears up for key inflation data, Wells Fargo Securities’ Michael Schumacher believes one thing is clear: “The Fed is not your friend.” He warns Federal Reserve chair J...
Consumer Forecast 2023-2024: Growth Now, Recession Later
Income rose more than spending due to pandemic stimulus. Dr. Bill Conerly based on data from U.S. Bureau of Economic Analysis The past gap between consumer income and spending—savings—presents the mos...
Morgan Stanley’s Mike Wilson issues correction warning
Morgan Stanley’s Mike Wilson is telling investors to brace for a winter downdraft. He warns S&P 500 is vulnerable to a 23% drop — bringing it to 3,000. “Even though a majority of insti...
Retailers Boosted Their October Sales At The Expense Of Their November Results
While shoppers turned out in strong numbers for Black Friday, overall retail spending for November … [+] was down 0.6% from October. (Photo by Jessica McGowan/Getty Images) Getty Images Deep dis...
Sales fall 0.6% as consumers feel pressure from inflation
A woman carries bags of merchandise from J.Crew, Nordstrom, UGG, and Victorias Secret at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Cons...
Online Stays Strong As Shoppers Return To Stores
Shoppers, like these shown at South Coast Plaza in Costa Mesa, CA on Black Friday, showed up in … [+] force for in-person shopping, wjhile online spending also remained strong. .(Gina Ferazzi / ...
Why investors may want to add retail ETFs to their cart
‘Tis the season for shopping — and maybe for some investors: ETFs. Despite consumer headwinds tied to the economic slowdown, Amplify ETFs’ Brian Giere sees opportunities in retail. “...
Deck The Malls – Holiday Shoppers Are Back At Brick-And-Mortar Shops
Cue the holiday music, place Santa on his garland-adorned perch and commence expanded holiday hours. People are ready to shop in stores. JLL’s recent Retail Holiday Survey sent to 1,080 U.S. consumers...
Adobe’s October Ecommerce Report Holds Warning Signals For Holiday Retail
Discounts pushed online holiday purchases into October this year, but consumers spent slightly less … [+] than October 2021, according to Adobe Analytics. getty Adobe’s October ecommerce report,...
An S&P 500 ETF delivering double-digit percentage dividends
Investors may want to consider JPMorgan’s Equity Premium Income Fund ETF in order to get more reliable gains in the current volatile market environment. According to the firm, the ETF uses S&...
Disappointing Festive Forecast Delivers Fall In Shares For Amazon
Whilst Amazon saw a significant business benefit from the pandemic and the rise in online shopping … [+] and services, there has been a significant shift as consumers faced with a cost of living...
Next Fed rate hike to spark dangerous game in economy: Peter Boockvar
The market’s violent reaction to hotter-than-expected inflation may usher in more losses. Investor Peter Boockvar believes Wall Street is coming to grips with a painful reality: Inflation isn...
Dow Jumps Over 600 Points After Strong Retail Sales, Mixed Bank Earnings
Topline Stocks surged higher on Friday—recouping some of their losses from this week—as investors assessed the latest batch of corporate earnings from major banks and markets got a boost from stronger...
Dow Jumps 400 Points After Strong Retail Sales, Mixed Bank Earnings
Topline Stocks opened higher on Friday—attempting to recoup some of their losses from this week—as investors assessed the latest batch of corporate earnings from major banks and markets got a boost fr...
Fed Governor Waller says he’s open to ‘larger’ rate hike this month than in June
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday...
rising costs are squeezing retailers’ margins
Retail businesses in Singapore are grappling with higher costs as rents rise and energy prices soar, the Singapore Retailers Association said. Cost pressure is a big concern for many Singapore retail...
$150 oil won’t cripple economy, market: J.P. Morgan’s Marko Kolanovic
J.P. Morgan’s Marko Kolanovic predicts oil is surging higher — but so are stocks. Kolanovic, who serves as the firm’s chief global markets strategist and co-head of global research, believ...
Dow Jumps 400 Points After Powell Says Fed ‘Won’t Hesitate’ To Keep Raising Rates To Combat Inflation
Topline The stock market moved higher on Tuesday in an attempt to bounce back after six consecutive weeks of heavy losses, as investors digested the latest comments from Federal Reserve Chair Jerome P...
Up 0.9% vs 1.0% Estimate
A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP...
Home affordability at 2007 bubble level but crash unlikely: Blackstone
A major Wall Street firm is drawing a striking parallel to the housing bubble. Blackstone’s Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely du...
Retail sales rose 0.5% in March amid inflation jump; import prices hit 11-year high
Customers pushing shopping carts shop at a supermarket on April 12, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images Consumers continued to spend in March even as...
In Retail, Everything Is Great. And Getting Worse
Will checkouts be as busy in the rest of 2022 as they have been so far this year? (Photo by Joe … [+]e Raedle/Getty Images) Getty Images I have spent the last two days at a conference called Sho...
Retail sales February 2022 come up short as inflation puts dent in consumer spending
An Amazon Prime truck pulls away after a delivery in Washington, DC, on February 17, 2022. Nicholas Kamm | AFP | Getty Images Consumers continued to spend in February through at a slower pace than exp...
Have a case of buyer’s remorse? Why high inflation may be to blame
Shoppers are seen inside a shopping mall in Bethesda, Maryland on February 17, 2022. Mandel Ngan | AFP | Getty Images Inflation is pushing up prices everywhere, from grocery store shelves to gas pumps...
Liquidation services resell returned items, a $644 billion business
Inside Liquidity Services’ 130,000-square-foot warehouse in Garland, Texas, the aisles aren’t lined with typical merchandise. Instead, they’re stacked with returns from Amazon, Targe...
Retail sales January 2022:
Consumer spending bounced back sharply in January as rising inflation and a post-holiday surge kept cash registers ringing, the Commerce Department reported Wednesday. Retail sales for the month rose ...
Growth slowdown to spark 10% stock plunge, Morgan Stanley warns
Investors may be playing with fire. According to Morgan Stanley’s Mike Wilson, the S&P 500 is vulnerable to a 10% plunge despite Monday’s late buying binge. He warns investors are dang...