Holiday sales on track to blow past record for spending, topping retail trade group’s biggest forecast

PUBLISHED FRI, DEC 3 202112:28 PM EST Melissa [email protected]_REPKO Holiday sales could best even the rosiest expectations for the major shopping season, according to the National Retail Federation. The major trade group’s economist, Jack Kleinhenz, said Friday that spending in November and December could grow as much as 11.5% compared with the same period a

December 3rd, 2021|

U.S. Retail Sales Jump by Most Since March, Topping Forecasts

Tuesday, November 16, 2021 05:58 AM By Reade Pickert Purchases rose 1.7% in October without adjustment for prices Receipts rose in nearly all categories, including electronics (Bloomberg) -- U.S. retail sales rose in October for a third month, signaling households continue to spend even with the fastest inflation in decades. The value of overall retail purchases increased 1.7%

November 17th, 2021|

Profit-Plumped S&P 500 Walks Past CPI Shock With Barely a Bruise

Friday, November 12, 2021 01:07 PM By Katie Greifeld and Vildana Hajric Stock benchmark snaps longest winning streak since August 2020 Companies still able to get consumers to accept higher prices (Bloomberg) -- It took the hottest inflation print in three decades to finally halt the S&P 500’s five-week advance. But it was hardly a body blow for a stock

November 15th, 2021|

Four reasons why Americans can’t buy enough stuff.

Business Insider Americans won't stop buying stuff. Spending on durable goods has soared over the past 18 months, per a new JP Morgan note. It's partly because of a new way of life, and in other ways it finally marks a recovery from the Great Recession. Americans just can't stop shopping. Since the pandemic hit the

November 1st, 2021|

Equities Climb as Companies Offer Signs of Economic Growth

6:41:22 AM The S&P 500 advanced after key earnings reports showed economic optimism and confidence that supply-chain and cost issues are manageable. President Biden’s unveiled spending plan and a 3Q GDP reading that wasn’t as bad some feared also support stock gains. Automakers rose, with Ford soaring after boosting its profit forecast, restoring its dividend and signaling that the

October 28th, 2021|

Retail trade group expects holiday sales to rise by all-time record, despite congested ports

PUBLISHED WED, OCT 27 202110:53 AM EDTUPDATED 3 MIN AGO Melissa [email protected]_REPKO The National Retail Federation said Wednesday that it expects holiday sales during November and December to rise between 8.5% and 10.5%, which would total $843.4 billion and $859 billion of sales. The retail trade group acknowledged headwinds for retailers, including supply chain disruption and

October 27th, 2021|
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