US holiday sales are expected to rise at a slower pace this year, a trade group said on Thursday, at a time when decades-high inflation …
Tag
Showing: 21 - 34 of 34 RESULTS
Inflation
LVMH Announces Bonus Payment to Help Staff Tackle Inflation Pressures
French fashion giant LVMH announced a bonus payment for staff to help them cope with inflationary pressures, joining a growing list of blue-chip French companies …
H&M to Cut Costs as Profits Hit by Inflation, Cautious Shoppers
H&M, the world’s No.2 fashion retailer, launched a 2 billion Swedish crown ($177 million) cost savings drive on Thursday after reporting weaker-than-expected profits due to …
US Holiday Sales Growth Likely to Slow as Inflation Hits Shoppers
US sales growth is expected to slow this holiday season as consumers facing decades-high inflation cut back on discretionary spending, according to the Mastercard SpendingPulse …
American Eagle Earnings Disappoint as Inflation Hits Apparel Demand
American Eagle Outfitters Inc on Wednesday missed second-quarter profit estimates and said it would pause quarterly dividend as it fortifies its finances against a hit …
Gen-Z Is ‘Shopping to Sell’ Luxury Brands as an Inflation Hack
Gen-Z is leading the trend of “shopping to sell” designer fashions, according to The RealReal Inc.’s 2022 Luxury Resale Report. Consumers 25-years-old-and-younger see resale shopping as something of …
Macy’s Warns of Discounts Hitting Annual Profit as Inflation Saps Demand
Macy’s Inc cut its full-year sales and profit forecasts on Tuesday, with the company saying it will need to offer more discounts to get rid …
Kohl’s Falls After Fresh Forecast Cut on Inflation Pressure, Sephora to Expand Into Kohl’s Stores
Kohl’s Corp. shares sank after the company slashed full-year earnings and sales guidance for the second straight quarter as inflation suppresses demand and costs continue …
US Retail Cargo Seen Cooling in Second Half as Inflation, Rates Bite
US ports will see less retail cargo entering the country in the second half of the year as economic growth slows amid back-to-back interest-rate increases …
German Retail Sales Plunge Most Since 1980 as Inflation Bites
German retail sales plummeted in June as consumers cut spending on non-essential goods to cope with record inflation. Sales were down 9.8 percent from the …
Abercrombie Sees Weaker Sales, Margins as Inflation Bites
Abercrombie & Fitch Co trimmed its full-year sales forecast on Tuesday as record-high inflation hits demand for the retailer’s jeans, tops and dresses, sending its shares …
Kohl’s Becomes Latest Retailer to Warn of Inflation Pain
Kohl’s Corp cut its full-year earnings forecast on Thursday, joining some of the largest US retailers in warning that red-hot inflation is starting to erode profit …
Shopping around grocery inflation: the best value buys for autumn | Australian lifestyle
Global turmoil has trickled into Australia’s supermarket aisles, hiking the prices of many staple foods. But the upward pressure isn’t evenly distributed. Bread – or, …
Magazine Luiza’s Net Revenue Drops in Fourth Quarter on Inflation, Interest Rate Concerns
Brazilian retailer Magazine Luiza SA reported net revenue of 9.4 billion reais ($1.87 billion) in its fourth quarter, down 6.6 percent year-on-year. For the full-year, …