This may be quite the U.S. holiday-shopping season.
Open Your Wallet
Category: Retail
Black Friday is 50 Days Away
The Holiday Season is right around the corner. Are retailers ready? With unemployment rates at the lowest they have been since 1969, one would think that retailers are fully staffed and ready to roll with the holiday season. However, retailers have lost 11,400 jobs since August. Since January 2017, retailers have lost 197,000 jobs according … Continue reading Black Friday is 50 Days Away
Online Retail Surpasses Brick & Mortar
An unprecedented shift in U.S. consumers’ buying habits was reaffirmed in May. Online merchants accounted for about 12% of last month’s retail sales, according to figures compiled by the Commerce Department. They exceeded the 11.8% share for department stores and other general-merchandise chains. Stores reached by mouse clicks generated more sales than the brick-and-mortar retailers … Continue reading Online Retail Surpasses Brick & Mortar
Abercrombie and Dick’s report
Abercrombie & Fitch reported a 1st Quarter April 2019 loss of $0.29 per share on revenue of $734.0 million. The consensus estimate was a loss of $0.43 per share on revenue of $733.1 million. ANF expects second quarter revenue of $842.4 million to $859.3 million and continues to expect fiscal year revenue of $3.66 billion … Continue reading Abercrombie and Dick’s report
This Day in Stocks and Economy
The exciting release of industrial production and capacity utilization happened today! From the Board of Governors of the Federal Reserve System... "Industrial production fell 0.5 percent in April, and the rates of change for previous months were revised down on net. Output is now reported to have declined 1.9 percent at an annual rate in the first … Continue reading This Day in Stocks and Economy