US Retail Sales Rise 0.4 Percent in December, Reflecting Strong Consumer Demand The latest data on US retail sales has painted a positive picture for the economy as sales saw a 0.4 percent increase in December. This uptick not only indicates robust consumer demand but also serves as a testament to the ongoing economic strength […]
Macy’s Trims Sales Outlook After Holidays Didn’t Deliver
Macy’s Trims Sales Outlook After Holidays Didn’t Deliver Macy’s, a retail giant, recently made headlines as it adjusted its sales forecast for the current quarter. The move came as a surprise to many in the industry and signaled that the company’s expectations for a robust holiday season may have been overly optimistic. Despite the festive […]
This Week: On Black Friday, It’s Shein and Temu Versus the World
As the holiday shopping season heats up, recent data reveals a tough environment for many retailers. Credit card transactions analyzed by Earnest indicate a decline in consumer spending at major U.S. retailers. In the first half of November, spending was down 1.4% compared to the previous year, marking the first downturn recorded since 2017. This […]