Retail sales fall 0.8% in January: ‘Spending splurge nears end’
Retail sales in January fell by the most in almost a year, raising concerns that shoppers are becoming increasingly overwhelmed by the weight of persistently high inflation and record credit card debt. It’s increasing. The Commerce Department’s Census Bureau reported Thursday that retail sales fell by a worse-than-expected 0.8% last month after the December figure […]
Retail Sales Fall As Inflation Pushes Americans To Spend More On Food, Less on Cars and Appliances
After the big Christmas shopping spree, Americans refrained from making big purchases, especially those that are usually financed with debt. Retail sales in January decreased by 0.8% from the previous month. Economists had expected a modest 0.1% decline. Despite the decline, sales increased 0.6% year over year. The harsh winter weather likely contributed to the […]
Retail sales tumble much more than expected in January
Former Assistant Secretary of the Treasury Monica Crowley talks about the strain inflation is having on the middle and lower classes on “The Bottom Line.” Americans put the brakes on spending in January after the crucial holiday season as they continue to face high interest rates and soaring prices for everyday goods. retail salesA measure […]
VA paves way for marijuana sales, assisted suicide as Assembly deadline looms
Virginia lawmakers debated hundreds of bills Tuesday as they approached a key deadline for this year’s legislative session. The House and Senate debated a wide range of topics from gambling to marijuana sales ahead of the so-called “crossover,” in which all bills except the budget must pass through the chamber. This year’s session will be […]
Toy makers face dismal outlook after Hasbro’s holiday sales tank
Toy makers are revealing a dire outcome for the holiday season as shoppers scooped up far fewer dolls and action figures than last year, but experts say there’s no relief in sight. Hasbro’s fourth quarter was disappointing, with sales down 23% from a year earlier, it announced on Tuesday, following archrival Mattel’s announcement last week […]
Instacart cutting 250 jobs weak sales growth sends shares plunging
Instacart announced Tuesday that it plans to cut 250 jobs, or about 7% of its workforce, to focus on “promising” initiatives. But shares of Instacart, officially known as Maple Bear, fell about 10% in after-hours trading after the company missed fourth-quarter revenue estimates. The grocery delivery company joins several companies in the U.S. and Canada […]
Tesla cuts Model Y prices in US to boost sales
Former Tesla director Steve Westley is reacting to the stock’s surge after Elon Musk warned of a production slowdown in 2024. Tesla has temporarily lowered the prices of some Model Y vehicles in the United States until the end of February. electric car manufacturers Reduce the price of Model Y in Germany. tesla price cut […]
“We want beer;” WM Phoenix Open fans chant as alcohol sales cut off, fans turned away
Every year, the PGA Tour descends on TPC Scottsdale for the WM Phoenix Open, or sometimes called the “People’s Open.” That’s because of the loud, noisy environment created by the infamous par-3 16th hole. In the “party hall,” patrons taunt and heckle golfers, the only time on tour where they are not only shunned but […]
36 Early Presidents Day 2024 mattress and bedding sales to shop now
When you buy through our links, The New York Post may receive compensation and/or receive an affiliate commission. What better way to celebrate Presidents’ Day than by sleeping in? In fact, the average American spends about 36 years of their life in bed. You spend so much of your precious time snoozing, so investing in […]
Hershey announces job cuts after high cocoa costs hurt candy sales
Hershey announced layoffs Thursday, reporting a hit to its quarterly profit as soaring cocoa prices and inflation-weary shoppers refrained from buying the company’s expensive chocolate and candy. The Pennsylvania-based company announced it will cut 5% of its workforce, resulting in up to $60 million in severance pay. It was not immediately clear how many jobs […]