Retail sales in the United States stabilized in July, thereby indicating positive economic health. Sales rose by 1% for the month, thereby reversing a 0.2% drop in June and significantly outpacing the 0.3% rise that economists expected.
The largest increase since January, retail sales were...
Walmart is expected to post revenue growth for the second quarter according to Wall Street estimates. Analysts are expecting the U.S. retailer to report a quarterly revenue of $168.46 billion, a 4.23% rise. Last year's revenue was $161.63 billion. Adjusted earnings per share is...
Dolce & Gabbana CEO Alfonso Dolce confirmed that the fashion house is open to seeking new investors as a means of raising capital. This comes as the company looks to open 12 new stores in the U.S., including at 695 Madison Avenue in New...
Target shares rose by 8.5% in premarket trading on Tuesday after the retail giant released its earnings report for 2023. The company's net sales were $31.9 billion, thereby exceeding analysts' estimates of $31.38 billion. Gross profit came in at 25.6%, eclipsing the 22.7% in...
U.S. retail sales grew in September, beating forecasts as consumer spending remains resilient in the face of a slowdown. Retail sales increased by 0.7% compared to August, thereby outpacing estimates of a 0.1% rise compiled by Bloomberg. August sales were revised upwards to 0.8%...
While a recent slowdown in consumer spending has threatened to curtail U.S. retail sales, Nike's first quarter fiscal earnings indicated that the world's largest sporting retailer has been largely unphased. Sales in the US fell by a marginal 2%, with the company making no...
