US retail sales growth in 2024 expected to slow due to high credit costs, inflation
The nation’s largest retail trade group expects the country’s retail sales to grow between 2.5% and 3.5% this year, a steady but still slower pace than last year’s 3.6%. ing. The National Retail Federation announced Wednesday that it expects retail sales to reach $5.23 trillion to $5.28 trillion this year. The 2024 forecast is roughly […]
Retail sales rebounded in February, but consumers may be growing more cautious
Brenda O’Connor Juanas, senior vice president at UBS Wealth Management, and Luke Lloyd, investment strategist at Strategic Wealth Partners, discuss retail earnings, interest rate cuts, Bitcoin’s surge to record highs, February CPI and more . U.S. retail spending rebounded in February, but consumers may be more cautious as they continue to face high interest rates […]
Soft Retail Sales Keep Alive Fed Rate-Cut Hopes – Investor's Business Daily
Retail sales rebounded weaker than expected in February, but new jobless claims fell to very low levels and prospects for Federal Reserve interest rate cuts are mixed. Producer price index data also showed a mixed picture for the Fed’s key inflation measure, the core PCE price index. X S&P 500 futures remained marginally higher after […]
February retail sales up 0.6%, but some cracks emerge in what has been a driving force for economy
NEW YORK (AP) — Shoppers spent a little more in February after a rebound the previous month, but this reflects the complexities Americans have in an economy where prices are rising but jobs are plentiful. It reflects the feelings of Retail sales fell a revised 1.1% in January, partly due to bad weather, but rose […]
Video shows brazen thieves robbing bubble tea joint in Fulton Center — as retail manager threatens to leave over rising crime
A newly released video shows brazen thieves stealing cash from a tapioca shop at the Fulton Transit Center. The retail giant that operates the hub is threatening to withdraw, citing rising crime. One video obtained by the Post shows a man sticking his head around a plastic barrier surrounding a cash register at Fulton Goncha […]
California mom alleged ‘ringleader’ behind $8M retail theft ring that hit over 200 Ulta stores, others: AG
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Retail giant wants out of MTA transit center lease, blames crime for scaring away tenants
The retail giant that operates the Fulton Transit Center in lower Manhattan wants out of its contract with the MTA, saying crime is scaring tenants away from the shopping space. According to court documents, the Westfield Fulton Center alleges that the subway hub was overrun with homeless people, street thugs and vandals because it lacked […]
Bitcoin ETFs see record high trading volumes as retail investors jump on crypto rally – CNBC
Retail traders appear to be using a new tool in this massive rally in Bitcoin: exchange-traded funds. These funds, launched last month, have seen a surge in trading volume this week as Bitcoin continues to rally. For example, iShares Bitcoin Trust (IBIT) had already seen more than 61 million shares change hands by early Wednesday […]
FBI gets absolutely torched online over image of white women on report about retail theft rings
FBI social media post roundly mocked and ridiculed online after adding image of white woman to report on U.S. retail theft ring “High prices, unsafe products, and businesses being shut down. These are just some of the impacts that organized retail theft has on ordinary Americans,” the post reads. One of the women in the […]
Mayhem in Bay Area retail stores continues as suspect lights rolls of paper towels on fire at Target, causing $1M in damages
A Target in California’s Bay Area was temporarily closed after a suspected arsonist set fire to stocked rolls of paper towels over the weekend, in a state already plagued by retail crime. causing further confusion in the area. Around 3 p.m. Saturday, firefighters received multiple calls about a fire inside a Target store in Vallejo, […]