Retail

US retail sales rise as consumers step up spending
Steady job growth, rising wages, and higher savings have enabled surprisingly steady spending by consumers.
Published On 16 Nov 2022
IMF, Bangladesh reach preliminary deal for $4.5bn loan
Rising energy and food prices, sparked by the Russia-Ukraine war, and shrinking forex reserves have hit Bangladesh.
Published On 9 Nov 2022
Pumpkin spice lattes add spice to Starbucks revenues
A bump in sales of high-priced Starbucks coffee and cold drinks in North America helped cushion a revenue drop in China.
Published On 3 Nov 2022
Amazon warns costs may eviscerate profits, shares crash
Amazon’s efforts to boost revenues may not pay off as inflation and receding consumer demand bite into profits.
Published On 27 Oct 2022

But the deal could stifle competition and lead to higher prices for Americans already grappling with surging inflation.

Surging prices for everything from mortgages to rent have upped anxiety levels, shifting spending towards necessities.

TikTok plans to operate its own US warehouses, including the kind of packing and shipping facilities used by Amazon.

Gutstavo Arnal, the 52-year-old CFO of the struggling big-box chain, fell to his death on Friday in New York.

American consumers continued to spend last month, just not as much on petrol and automobiles.

The mega-retailer’s inventory grew by 25 percent at the end of the second quarter from a year earlier to $59.9bn.

Both Sweden-based H&M and Netherlands-based IKEA had halted sales in Russia after Moscow sent troops into Ukraine.

Decades-high inflation is eroding Americans’ paychecks and savings and making them much more cautious about spending.

The fall in US GDP comes on the heels of the Fed raising interest rates, as Chair Powell says growth needs to slow.

Walmart’s earnings warning and weakening consumer confidence paint a leery picture for the US economy.

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