Body Shop’s remaining UK stores saved after rescue deal agreed | Retail industry
The Body Shop has been rescued from bankruptcy by a consortium led by British cosmetics tycoon Mike Jatania, with the ethical beauty brand's remaining 113 UK stores set to remain open. Aurea, a growth capital firm founded by Jatania and Paul Raphael, a former executive at UBS, Credit Suisse and Merrill Lynch, said it had […]
Retail Sales Snuff Out Economic Disaster Fears
Retail therapy for an anxious market Someone appears to have forgotten to tell American consumers that interest rates are so restrictive that they risk plunging the U.S. economy into recession. The Commerce Department said Thursday Retail sales increased 1% in July.That was the biggest monthly increase since January 2023. It was well above the 0.3% […]
Dow surges 400 points, strong retail sales data ease fears of slowdown
The Dow Jones Industrial Average surged more than 500 points and the Nasdaq Composite rose 2% after July retail sales data showed strong consumer spending, easing concerns that the world’s largest economy could slip into recession in the near future. The Dow Jones Industrial Average rose 554 points, or 1.4 percent, to 40,563.06. The S&P […]
Gold Price Forecast: XAU/USD holds steady above $2,450 on positive Retail Sales data – FXStreet
Gold prices were trading flat around $2,455 in early Asian trading on Friday. US retail sales rose 1.0% month-on-month in July, beating expectations. Initial jobless claims fell 7,000 from the previous week to 227,000. Rising geopolitical risks in the Middle East could limit gold’s declines. Gold prices (XAU/USD) were trading sideways around $2,455 in early […]
US stocks rally as strong retail sales raise hopes of ‘soft landing’ – Financial Times
Positive US retail sales data and strong performance from Walmart lifted markets and boosted confidence that the US economy will avoid a recession and achieve a “soft landing”. The new optimism spurred a rally on Wall Street, with the S&P 500 closing up 1.6%, enough to erase the index’s entire August decline. The tech-heavy Nasdaq […]
Gold Price Forecast: XAU/USD trades with mild gains near $2,450, eyes on US Retail Sales – FXStreet
Gold prices were slightly higher around $2,450 in early Asian trading on Thursday. US CPI inflation rose as expected in July. Any signs of escalating geopolitical tensions could rally safe-haven assets such as gold. Gold prices (XAU/USD) snapped a two-day slide early Thursday in Asian trading, rising to near $2,450. A weakening US Dollar (USD) […]
Single-serve soda brand outperforms Coke, Pepsi, outsells eggs at various household retail locations
Olipop is a new single-serve soda on the market, but it recently achieved a remarkable feat by beating out competitors like Coca-Cola and Pepsi to become the number one selling carbonated drink brand in major grocery stores across the United States. The naturally sweetened pop brand is expected to double its sales from 2023 onwards, […]
Chase bans credit card payments for controversial retail service – Daily Mail
JPMorgan Chase will ban customers from using its credit cards to make payments on its controversial “buy now, pay later” loans. The nation’s largest banks have announced that starting October 10 they will reject credit card payments for installment plans offered by companies such as Klarna, Affirm and Afterpay. Chase is alerting customers to the […]
AUD/USD rebounds above 0.6550 ahead of Australian Retail Sales – FXStreet
In early Asian trading on Monday, AUD/USD remained in positive territory around 0.6555. U.S. PCE inflation rose 2.5% year-on-year in June, highlighting the improving inflation environment. A more hawkish stance from the RBA may support the Australian dollar. In early Asian hours on Monday, the AUD/USD pair is trading in an uptrend around 0.6555. Growing […]
Mastermind mom behind $8M organized retail theft ring that hit Sephora, Ulta Beauty gets 5 years
The ringleader of an organized retail theft ring known as the “California Girls,” which targeted high-end cosmetics companies Ulta Beauty and Sephora, has been sentenced to more than five years in prison and a $3 million fine, according to court documents. Michelle Mack, 53, a married mother of three young daughters, was arrested in December […]