Steep discounts and easing inflation will compel US shoppers to spend $240.8 billion online in November and December, up 8.4 percent from last year’s holiday …
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spending
Tiffany to Downsize China Flagship as Spending Dives
Tiffany & Co., LVMH’s leading jewellery maker, is planning to downsize a flagship store of more than 12,000 square feet in Shanghai, people familiar with …
Consumers Are Still Spending, but Retailers Are Bracing for Impact
Fashion is bracing for a challenging end to the year. For months, concerns about the economy have been mounting, centring on US consumers amid a …
US Luxury Spending Down 11% in July, Says Citi
US consumers spent 11 percent less on luxury goods in July compared to the same month last year, Citi Research said Friday citing data from …
US Online Retail Spending Up 7%, Driven By Demand for Cheaper Products
Online retail sales in the US rose about 7 percent from January to April this year, an Adobe Analytics report showed on Thursday, driven by …
US Monthly Inflation Slows; Consumer Spending Surges
US prices increased less than expected in February, with the cost of services outside housing and energy slowing significantly, keeping a June interest rate cut …
‘Spending seems out of place’: how Britons are reining in Christmas gifts | Christmas
Ralph Morris’s Christmas cards will include an addendum for his friends this year: that he’s finished with Christmas cards. Before he retired from teaching Morris, …
UK Christmas Sales Are Off to Weak Start on Delayed Spending
UK retail sales were sluggish in November as Black Friday discounts failed to lure droves of shoppers struggling with the burden of the higher cost …
Kohl’s Sales Miss Estimates as Shoppers Trim Spending on Non-Essentials
Kohl’s posted a bigger-than-expected drop in quarterly sales on Tuesday as cost-conscious shoppers chose to spend less at its department stores amid still high inflation, …
Black Friday, Cyber Monday Spending Projected to Hit New High
Consumers plan to spend an average of $567 during Black Friday and Cyber Monday shopping events, up 13 percent from last year, as they seek …
Target CEO Signals a Halt to Revenge Spending and Delays in Impulse Buys
Target’s CEO said Wednesday that customers are continuing to make more tradeoffs in their family budgets and delay some spending. “Overall, consumers are still spending, …
More Than Half of Consumers Say They’ll Trim Holiday Spending
Nearly three quarters of consumers are delaying holiday purchases for discount shopping events such as Black Friday or Singles Day, and more than half plan …
UK Shoppers Boost Spending Despite Inflation
British consumers picked up the pace of their spending last month, and sales volumes over the three months to April grew by the most since …
US Retail Sales Increase in Sign of Steady Consumer Spending
US retail sales increased in April, suggesting consumer spending is holding up in the face of economic headwinds including inflation and high borrowing costs. The …
Feel Guilty Spending Money on Yourself? Read This
Last summer, I bought a new wallet (black Comme des Garçons; it’s so lovely). Then I walked outside the store and burst into tears. The two …
Gap Sees Weak Annual Sales as Inflation-Hit Consumers Rein in Spending
Gap Inc on Thursday forecast full-year sales below Wall Street estimates, signaling a slowdown in demand as inflation-weary consumers curb discretionary spending. Shares of the …
How Marketers Are Spending Their Budgets in 2023
Marketers are entering 2023 in a gloomy mood. The year ahead will undoubtedly see budgets shrink as companies worry about a potential recession. With every …
India’s Textile Industry Faces Tough Times as Consumers Cut Spending
India’s $200 billion textile and apparel industry is facing a crisis as consumers in the United States, Europe and other big markets have cut spending on clothing …
Three things with Dom Knight: ‘When you have so little hair, you resent spending money on it’’ | Television & radio
As one of the founding members of The Chaser, Dom Knight knows how to do satire. It’s experience the longtime media personality has deployed for …
Boohoo Cuts Outlook as Consumers Rein In Spending
British online fashion retailer Boohoo on Wednesday warned on full year sales and profit, blaming the worsening macro-economic and consumer backdrop as it reported a …