Sales of cheaper houses spiked in July: Analysis
Sales of the lowest priced homes surged in July, a sign that the housing sector, battered by the Federal Reserve’s interest rate hikes, is recovering. Pending sales in the “starter home” category have increased 10.2% since July 2023, according to figures released Monday by real estate firm Redfin. That compares with a 6.5% decrease in […]
Target sales bounced back after closing crime-prone stores
Target’s sales and traffic rebounded this week after it closed stores with high crime rates, sources told The Post, suggesting more retailers may start closing stores due to shoplifting. “Cheap chic” discount store Target reported profits and sales that beat Wall Street expectations on Wednesday as price cuts attracted inflation-weary shoppers. But Target’s Chief Operating […]
Kamala Harris Falsely Says Tariffs Are A Middle Class Sales Tax
CLAIM: Kamala Harris said Thursday that President Donald Trump’s proposal to impose a 10% tariff on imports would amount to a sales tax on Americans. In her convention speech, Harris argued that President Trump’s tariffs would amount to a “national sales tax, a Trump tax.” Verdict: False. Customs duties are paid not by consumers but […]
Target sales surge as customers flock to low-cost retailers
Target’s profit and sales beat Wall Street expectations, in the latest sign that shoppers are flocking to discount chains as inflation keeps prices high. The “cheap chic” retailer on Wednesday raised its full-year profit outlook and reported its first quarterly comparable sales increase in more than a year as price cuts drew more shoppers to […]
Macy’s slashes sales outlook; retailer struggles for cash-strapped shoppers
Iconic department store Macy’s Inc. slashed its annual sales outlook after disappointing second-quarter earnings as it struggles to attract customers hit by inflation. Macy’s shares fell 13 percent on Wednesday to $15.45. Retailers were forced to lower prices on mid- to high-end items and offer more promotions to compete with more affordable rivals, but sales […]
Connecticut Sales Tax Free Week is this week – NBC Connecticut
This week, the state is offering a sales tax holiday week from Sunday, Aug. 18 through Saturday, Aug. 24, making things a little easier for shoppers. “I’m looking forward to it. I know when it’s coming,” Farmington resident Lana Elder said. “We’re trying to save where we can, so every little bit helps,” said Melissa […]
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% […]
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 […]
Victoria’s Secret taps Rihanna’s lingerie CEO amid declining sales
Victoria’s Secret has brought in the CEO of Rihanna’s rival brand Savage x Fenty to help turn around the struggling lingerie maker, the company said Wednesday. Hilary Super, 52, replaces veteran Martin Waters, who stepped down from his roles as director and CEO with immediate effect. Hilary Super becomes the lingerie brand’s third CEO in […]