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2023-12-01 08:00:00 ET Summary Recent data point to a record shopping season for Shopify, which saw Black Friday sales grow 22% y/y. Online shopping is driven largely by discretionary areas like clothing, accessories, and other general merchandise (in contrast to areas like food a...
2023-12-01 04:25:00 ET Summary Outlook for retail stocks amid economic uncertainty. Will shoppers keep spending even with inflation high? What to expect this holiday shopping season. Retailers are hoping for a boost from this year's holiday shopping season even as ...
2023-11-30 09:57:45 ET More on Markets 2024 Election: Winners and losers if a Republican gets the White House - BTIG Biggest stock movers today: ImmunoGen, Snowflake, Salesforce and more 2024 Outlook: Recession AND New All-Time Highs For further details see: ...
2023-11-30 00:10:00 ET Summary A strong Q3 earnings season is in the books, and the focus turns to what near-term consumer shifts may be brewing. Costco and The Buckle provide their usual monthly same-store sales reports this week. Global automakers also post production and sa...
2023-11-29 22:25:00 ET Summary Are Canadian shoppers likely to keep shopping through the holidays? How Canadian consumers compare to their US counterparts. The problem with Canada's high household debt troubles. With the holiday shopping season underway, the ...
2023-11-27 04:00:27 ET Black Friday online shoppers in the U.S. spent a record $9.8B, according to Adobe Analytics, up 7.5% from a year ago, a bright spot for retailers that are expecting muted sales this holiday season. The record spending , which was widely expected , was...
2023-11-24 23:35:00 ET Summary Spending for the entire holiday season is only set to rise 1.4% over last year’s sales levels. The LSEG U.S. Retail and Restaurant index is only expected to show a 1.4% revenue growth over last year’s Q4 levels. The estimated earnin...
2023-11-24 22:30:00 ET Summary When considering the broad picture of consumer spending in the United States, many assume the holiday season accounts for a significant percentage of total consumer spending. When considering retail alone, holiday season sales are indeed substantial,...
2023-11-24 05:35:33 ET More on the consumer sector Holiday sales are expected to come in better than feared - watch these stocks Walmart to speed online order deliveries through parcel stations Consumers plan to buy same amount for Thanksgiving, but p...
2023-11-23 01:30:00 ET Summary Slowing inflation and strong growth of GDP are set to keep labor markets tight, wages growing and consumers spending in 2023. According to a new analysis from S&P Global Market Intelligence, retail sales are on track to outpace expectations this ...
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PDD Holdings Inc (NASDAQ:PDD) reported fiscal first-quarter 2024 revenue growth of 131% year-on-year to $12.02 billion (86.81 billion Chi...
In a major move, Alibaba Group Holding Ltd (NYSE:BABA) slashed prices on its artificial intelligence services by up to 97%, pro...
Alibaba Group Holding Ltd’s (NYSE:BABA) Taobao and Tmall Group are collaborating with ByteDance-owned Douyin&nb...