60.6 F
New York
May 24, 2022

retail

Retail sales jump in April driven by food stores

BBC
https://www.bbc.co.uk/news/business-61519378?at_medium=RSS&at_campaign=KARANGA Office for National Statistics (ONS) deputy director for surveys and economic indicators Heather Bovill, said the rise in sales during April “was driven by an increase in supermarket sales, led by alcohol and tobacco and sweet treats, with off-licences also reporting a boost, possibly due to people staying in......

Costco gets whacked in retail bloodbath. Here’s why we’re sticking with it

CNBC
CNBC – For more and to sign up click here Retail stocks are getting slammed. However, “I’m willing to own Costco through the cycle,” CNBC’s Jim Cramer said Wednesday. Source – Click here for more To Return to the Main Aggregate News Page – click here...

Wall St rises on gains in banks, strong retail sales data

Reuters
A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register Walmart slides after cutting earnings forecast April retail sales rise in-line with estimates Indexes up: Dow 0.91%, S&P 1.23%, Nasdaq 1.60%......

Stock futures rise ahead of a big week of retail earnings

CNBC
CNBC – For more and to sign up click here Traders on the floor of the NYSE, May 6, 2022. Source: NYSE Stock futures were higher Sunday evening after a week of steep losses that ended on a high note, and ahead of a big earnings week for retailers. Futures......

Cramer’s week ahead: Retail giants report earnings, stay away from ‘toxic’ stocks

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer said Friday that he’s breathing a sigh of relief as beaten-down stocks ‘have already taken enough hits,’ allowing investors to trade in a safer environment next week –  though they still need to tread carefully. “When we’ve......

Shell agrees to sell Russian retail business to Lukoil

BBC
https://www.bbc.co.uk/news/business-61424715?at_medium=RSS&at_campaign=KARANGA Maxim Donde, Lukoil’s vice president for refined products sales, said: “The acquisition of Shell’s high-quality businesses in Russia fits well into Lukoil’s strategy to develop its priority sales channels, including retail, as well as the lubricants business.” BBC – For more and to sign up click here To Return......

Retail investors are continuing to buy the dip in tech despite recent turmoil, says TD Ameritrade

CNBC
CNBC – For more and to sign up click here Retail investors have continued to buy the dip in the recent market turmoil, even liking tech despite the sector rout, according to brokerage TD Ameritrade’s AJ Kahling. “Our indicators, TD Ameritrade [Investor Movement Index], just came out this morning indicating......

Coinbase misses revenue estimates as retail investors head for the door

Reuters
May 10 (Reuters) – Coinbase Global Inc (COIN.O) missed estimates for first-quarter revenue on Tuesday and posted a loss as turmoil in global markets curbed investor appetite for risk assets including trading in cryptocurrencies. Shares of Coinbase plunged 12.7% to $63.71 in extended trading after the cryptocurrency exchange operator also......

U.S. retail investors bought heavily during Thursday’s big stock market drop

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 28, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 6 (Reuters) – Individual investors were major buyers on Thursday as stocks sold off over concerns......

Retail and consumer IPOs, deals tail off as more businesses set their sights on 2023

CNBC
CNBC – For more and to sign up click here People shop at a grocery store in Monterey Park, California, on April 12, 2022.  Frederic J. Brown | AFP | Getty Images Supply chain headaches, surging interest rates and the war in Ukraine have combined to stifle IPOs and deal-making......

Shanghai’s economy slows as COVID deals blow to industry, retail

Reuters
Workers dress up in protective suits amid the coronavirus disease (COVID-19) outbreak in Shanghai, China April 23, 2022. REUTERS/Brenda Goh Register now for FREE unlimited access to Reuters.com Register BEIJING, April 23 (Reuters) – The economy of Shanghai, China’s most populous city, slowed in the first quarter from the end......

American Eagle is pitching a ‘frenemey network’ of vertical logistics to its retail peers — and it’s paying off

CNBC
CNBC – For more and to sign up click here Shekar Natarajan is chief supply chain officer of American Eagle Outfitters. He joined the retailer in 2018. Source: Julie Stapen Photography American Eagle wants to be more like Amazon. Not to get in the business of selling everything from shoes......

Higher gasoline prices flatter U.S. retail sales; consumers remain resilient

Reuters
Shoppers look for deals at the Pentagon City Mall in Arlington, Virginia, U.S., November 29, 2019. REUTERS/Loren Elliott/File Photo Register now for FREE unlimited access to Reuters.com Register Retail sales increase 0.5% in March Gasoline accounts for bulk of rise in sales Core retail sales dip 0.1%; online sales drop......

Retail sales rose 0.5% in March amid inflation jump; import prices hit 11-year high

CNBC
CNBC – For more and to sign up click here 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 inflation rose to its highest level......

Keep an eye on these 9 beaten-down retail stocks, Jim Cramer says

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer on Friday offered a list of nine discounted retail stocks that he believes could be great additions to investors’ portfolios. “Today we saw many of these discounted retailers rally nicely, but it will take many more days......

Senate Republicans push for package of new laws to aid small business, retail investors

CNBC
CNBC – For more and to sign up click here Pat Toomey (R-PA) speaks during a news conference to introduce the Republican infrastructure plan, at the U.S. Capitol in Washington, April 22, 2021. Erin Scott | Reuters Senate Republicans on Monday unveiled a plan to accelerate new business enterprises by......

Amazon workers in New York City vote to form first union at retail giant

CBS News
CBS News – For more and to sign up click here Amazon workers at a Staten Island, New York, processing facility won a historic vote on Friday to form the first-ever collective bargaining unit at the ecommerce giant.  With 2,654 votes in favor and 2,131 votes against, the overwhelming victory......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More