Consumer spending in the United States remains resilient according to the Census Bureau data for October. The retail sales in October jumped higher than expected, while the September numbers saw significant revisions.
In October, the retail sales rose by 0.4% compared to 0.3% expected by...
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...
Major Chinese online retailer JD.com posted a total revenue of 291.40 billion yuan ($40.71 billion) in the second quarter, a 1.2% rise. This narrowly fell short of estimates of 292.89 billion yuan. The company's second-quarter net profit, however, skyrocketed by 73.7% to 9.36 yuan...
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...
The report on retail sales in the U.S. for May Commerce Department has shown a weaker increase compared to expectations. The sales rose just 0.1%, while Dow Jones expected to see a 0.2% increase, and economists polled by FactSet estimated a 0.3% increase.
Retail sales...
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...
