US Dollar advances after ECB dovish outlook, US Retail Sales – FXStreet
Expectations for Fed easing continue to evolve, with two rate cuts by year-end almost priced in. Retail sales unexpectedly rose in September, and weekly new jobless claims fell. The ECB's Lagarde is concerned about the EU's economic outlook, which is benefiting the US dollar. The US Dollar Index (DXY), which measures the value of the […]
Retail sales show solid increase in September, beating expectations
NorthEnd Private Wealth CIO Alex McGrath shares his expectations for the upcoming Federal Reserve meeting and third quarter earnings season. retail sales September sales exceeded expectations as the U.S. economy continued to show signs of growth in the third quarter. This was announced by the Department of Commerce's Census Bureau. Retail sales increase In August, […]
USD/INR gathers strength as traders brace for US Retail Sales data – FXStreet
The Indian rupee weakened in early European trade on Thursday. Continued selling in domestic stocks by foreign portfolio investors has weighed on the Indian rupee. Thursday's US September retail sales figures will be a highlight. The Indian rupee (INR) traded slightly lower on Thursday due to the strength of the US dollar (USD). Heavy outflows […]
National Retail Federation predicts record 2024 holiday sales
The National Retail Federation (NRF) said Tuesday that holiday sales are on track to set a new record in 2024 and could increase by up to 3.5% from 2023. NRF projects holiday retail sales from Nov. 1 to Dec. 31 will total approximately $980 billion and $990 billion, up from $955.6 billion for the same […]
NYC retail leasing shows signs of rebound after COVID carnage
It may be too early to pop the champagne cork, but Manhattan's massive retail leasing industry is showing strong signs of ending the pandemic carnage. Even before anyone had heard of COVID-19, online shopping reduced demand for brick-and-mortar stores by perhaps 10%. The lockdown made things even worse. Readers of this column know that we […]
Banking, retail groups most effective on policy in 2024: survey
Perceptions of the effectiveness of industry associations rose in 2024 after declining for two consecutive years, according to a study. APCO survey It was released on Tuesday. The financial services industry and retail and general business groups were ranked the most effective at achieving policy goals this year, according to the study, as the two […]
J&R Music owner looking to sell former retail space after Fed cut
The iconic retail and office space at 15 Park Row, once home to J&R Music, is being put up for sale by owner Rachel Friedman as a 200-year condominium lease. The 15,186 square feet of office space on the second floor is leased to creative agency DBOX until November 2026, but all of the 19,327 […]
Salt Life Apparel Brand to Close All 28 Retail Locations
Beach and water apparel brand Salt Life will close all retail stores after being sold to a new owner who has decided to liquidate the brand, parent company officials announced Tuesday. Founded in 2003 in Jacksonville Beach, Florida, the clothing line was owned by Delta Apparel Inc. submitted Fox Business reported that the company filed […]
Salt Life apparel brand to close all retail stores after bankruptcy auction
Dozens of Salt Life retail stores across the country will close as a result of the company's recent acquisition. One of the brand's new owners, Hilco Consumer Retail Group, announced Tuesday that it would close all 28 of its retail stores. Liquidation is underway as new management plans to restructure the fashion company and develop […]
Australia Finds No ‘Clear Public Interest’ for Retail CBDC – PYMNTS.com
If Australia were to issue a digital currency, it would likely be for wholesale use rather than retail. it is, Report The country's central bank issued a statement on Wednesday (September 18) claiming that it has not yet found a “clear public interest case” for issuing a retail central bank digital currency (CBDC) in Australia. […]