Latest Retail and wholesale sector performance News
Cyber Monday deals lure in consumers amid high inflation
NEW YORK (AP) — Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation. Cyber Monday is expected to remain the year’s biggest online...
Inflation hovers over shoppers seeking deals on Black Friday
NEW YORK (AP) — Cautious shoppers hunted for the best deals at stores and online as retailers offered new Black Friday discounts to entice consumers eager to start buying holiday gifts but weighed down by inflation. Due to elevated prices for food, rent, gasoline and other...
Holiday shopping kicks off with inflation dampening spirits
NEW YORK (AP) — While Black Friday will mark a return to familiar holiday shopping patterns, uncertainty still remains. The U.S. job market remains strong, consumer spending is resilient and inflation has been slowing. But elevated prices for food, rent, gasoline and other...
Shoppers hunt for deals but inflation makes bargains elusive
NEW YORK (AP) — Consumers holding out for big deals — and some much-needed relief from soaring costs on just about everything — may be disappointed as they head into the busiest shopping season of the year. While retailers are advertising sales of 30%, 50% and 70% off...
Asian benchmarks mostly decline amid lingering China worries
TOKYO (AP) — Asian shares mostly declined Thursday amid concerns about the impact of China's “zero-COVID” strategy mixed with hopes for economic activity and tourism returning to normal. Benchmarks fell in Tokyo, Seoul, Hong Kong and Shanghai, while gaining in Sydney. Oil...
How major US stock indexes fared Wednesday 11/16/2022
Wall Street closed lower as hefty drops in retailers and technology companies offset gains elsewhere in the market. The S&P 500 lost 0.8% Wednesday. The Nasdaq fell 1.5%, and small-company stocks fell even more. The Dow Jones Industrial Average closed slightly lower. ...
US retail sales rose 1.3% last month, a sign of resilience
WASHINGTON (AP) — Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates. The government said Wednesday that retail sales...
China consumer, factory activity down as virus controls rise
BEIJING (AP) — Chinese consumer spending contracted in October and factory activity weakened as anti-virus controls following a rise in infections weighed on the economy. Retail sales sank 0.5% compared with a year ago, down from September’s 2.5% expansion, as millions of people...
