Retail Industry News
A collection of Retail latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Retailer Eddie Bauer files for bankruptcy
NEW YORK (AP) — The operator of roughly 180 Eddie Bauer stores across the U.S. and Canada has filed for Chapter 11 bankruptcy protection, blaming declining sales and a litany of other industry headwinds. The bankruptcy filing marks the third…
retail sales etc
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Retail sales unchanged in December from November, closing out year on a lackluster tone
NEW YORK -- Shoppers pulled back the pace of their spending in December from November, closing out the holiday shopping season and the year on a lackluster tone. The report, issued by the Commerce Department on Tuesday, raised questions about…
South Koreans Bail on Crypto as Retail Traders Bemoan Losses
On a South Korean social-media platform last month, an anonymous trader vented their frustration about the crypto crash that began in October last year. “I lost my entire fortune and got divorced,” said the person, whose bets on…
Retail sales were unexpectedly flat in December | CNN Business
US consumers unexpectedly held their spending steady in December as the labor market stagnated and feelings about the economy slipped.
Bentley Music Group to expand retail network in East Malaysia by year-end
KUALA LUMPUR: Bentley Music Group Bhd (BMGB) is expected to expand its retail network into East Malaysia by the end of this year. Executive director Lewis Siu Man Hooper said the company is laying the groundwork to identify a suitable site for…
Asian shares advance after weak US retail data weigh on Wall Street
Shares were moderately higher in Asia on Wednesday after U.S. stocks drifted to a mixed finish following a discouraging report on how much money U.S. retailers made during the holidays. U.S. futures edged higher and prices of gold, silver and oil…
Watch Dow Hits Record as Retail Sales Stall | Closing Bell
Dow Hits Record as Retail Sales Stall | Closing Bell Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Holiday Retail Shopping Ends on Lackluster Note - TT
NEW YORK — Shoppers pulled back the pace of their spending in December from November, closing out the holiday shopping season and the year on a lackluster tone. The report, issued by the Commerce Department on Feb. 10, raised questions about…
Retail sales flat in December from November, closing out year on a lackluster tone
Sales in October fell 0.1%, rose 0.1% in September, but jumped 0.6% in July and August and 1% in June, according to the Commerce Department. The retail sales figures, which are not adjusted for inflation, showed that many types of businesses posted…
Watch US Retail Sales Unexpectedly Stalled to Close Holiday Season
US Retail Sales Unexpectedly Stalled to Close Holiday Season US retail sales unexpectedly stalled in December, suggesting consumers provided less firepower for the economy as the year drew to a close. The disappointing figures indicate the burst of…
U.S. stocks close mixed after flat retail sales data
NEW YORK, Feb. 10 (Xinhua) -- U.S. stocks ended mixed on Tuesday as investors navigated underwhelming consumer consumption data. The Dow Jones Industrial Average rose 52.27 points, or 0.1 percent, to finish at 50,188.14, marking its third…
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Stock Market Today: Futures Little Changed After Dow Closes at Record; Delayed Retail Sales Data on Tap
Stock futures were little changed ahead of December U.S. retail sales data Tuesday, a day after the Dow Jones Industrial Average closed at a record high for a second straight session. S&P 500 futures were up 0.2%, while Nasdaq 100 and Dow futures…
UK BNPL regulation - industry reaction - Retail Banker International
The UK's Financial Conduct Authority has confirmed its final rules on Buy Now, Pay Later regulation. From 15 July, consumers will benefit from strengthened protections, including affordability checks and access to the financial ombudsman. A number…
CNBC Daily Open: Financial firms wobble on AI threats and disappointing U.S. retail sales
Alphabet is planning an even bigger debt sale. xAI loses its second co-founder in two days China's consumer inflation rose less than expected. The Dow notched another record close, but other major U.S. indexes fell. Buy the dip in gold: Wells…
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