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The COVID-19 crisis has had tremendous implications on how consumers spend their money. Anthony Okolie speaks with Juliana Faircloth, Global Consumer Staples Analyst, TD Asset Management, on the changing spending habits of baby boomers, millennials and Gen Z and the implications for inves...
By Jharonne Martis Retailers are getting ready to report Q2 2020 earnings. As they continue to navigate through uncharted territory, some are in financial distress while those with a solid omnichannel strategy are seeing strong double-digit e-commerce growth. E-commerce platforms kept re...
Retail sales is the third report for June out of the four main coincident indicators that show whether the economy is in recession or expansion. And they were the third that grew again for the month. In fact, in real, inflation-adjusted terms, they were higher than in February, the last month ...
By Jill Mislinski The Census Bureau's Advance Retail Sales Report for June was released this morning. Headline sales came in at 7.5% month-over-month to one decimal and was above the Investing.com forecast of 5.0%. Core sales (ex Autos) came in at 7.31% MoM (to two decimals). Here is the...
By Robert Hughes Retail sales and food services spending posted another strong gain in June, rising 7.5 percent from the prior month following an 18.2 percent record surge in May and two devastating declines in March and April. The gains likely reflected the continued easing of restriction...
Retail sales topped expectations for June with a 7.5% increase from May. The June tally was also up 1.6% from a year ago after gas and auto-related sales were stripped out. More news on: The Home Depot, Inc., Lowe's Companies, Inc., The Kroger Co., Consumer stocks news, News on the U.S. ec...
TRENDS: Covid-19 has accelerated a lot of trends. Few more than retail. Oddly, some people have taken the view that Covid-19 changed retail. Actually, it didn't. The pandemic has merely accelerated trends that have been driving industry change for almost two decades. Back in 2004, Eddie Lamp...
In June this year, a company called intu (CCRGF) (no capitalisation) collapsed. Most people had never heard of it. But they knew what it did. It was the owner of many of the UK's biggest shopping centres. Lakeside in Thurrock, Metro Centre in Newcastle, and the Trafford Centre in Manchester - ...
If your business touches retail in any way, it might pay to follow a few important breadcrumbs. Nike (NKE) posted its lowest quarterly sales in two years, along with a $790 million quarterly loss, when it reported its Q1 2020 earnings in late June. A key driver of the results was a 50 percen...
The big worry Or rather the small worry for I was really very sure indeed it wasn't going to happen. Anyway, to get to the predictions on an L shaped recovery - one where we don't bounce back at all - it was necessary that consumers just didn't go out and start spending their money when the ...
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Index-based ETFs that provide exposure to companies engaged in streaming & gaming, future vehicles and e-commerce First Trust Advisors L.P. (“First Trust”), a leading exchange-traded fund (“ETF”) provider and asset manager, announced today...
First Trust Nasdaq Retail ETF (Nasdaq: FTXD) (the “Fund”), an exchange-traded index fund and a series of First Trust Exchange-Traded Fund VI (the “Trust”), previously announced changes to its investment objective, the Fund’s name and its ticker symbol....
First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 115 exchange-traded funds (each a “Fund,” collectively, the “Funds”) advised by FTA. The following dates apply to today's distribution declarations: FTA is a federally registe...