Retailers Paint a Worrying Picture of American Consumers
The retail sector suffered a severe blow this week. Macy’s and Kohl’s reported significant sales declines, indicating deeper underlying problems. Stock values plummeted across the...
Stressed-Out Americans Plan to Buy Fewer Christmas Gifts, Donate Less to Charity
Inflation is souring the holiday season, a crucial time when companies, charities and nonprofits typically collect their biggest haul of the year. “I can’t give...
Nightmare Before Christmas for Department Stores
Markets Heard on the Street Slowing sales in recent weeks make for a tricky setup for retailers ahead of the holiday season Source link...
Carvana rivals’ stocks plunge after earnings
While Carvana Inc. shares soared despite weaker-than-expected financial results last week, two of the online car-seller’s smaller rivals were not as fortunate Monday. CarGurus Inc....
Food Prices Squeeze Poorest in Rich Countries
LONDON—Rampant food inflation is roiling the world’s least-developed nations. It is also hitting poor people in rich countries. Matsentralen Norge, a food-bank operator in oil-rich...
A Big Risk Hanging Over European Banks: Leveraged Loans
Europe’s banking regulator is growing antsy about a booming market for banks: loans that fuel riskier borrowers and the global deal-making machine. That corner of...
Brand Loyalty Takes a Hit From Inflation, Shortages
U.S. shoppers are buying what they can find—and afford. Well-known brand names and flashy ad campaigns are no longer enough to command U.S. consumers’ loyalty...
Shoppers Are Caught Off Guard as Prices on Everyday Items Change More Often
Everyday items, from grocery staples to home décor, are being priced more like airline tickets and gasoline, where the sticker prices can move frequently within...
Grocery Stores Cut Hours, Services as Omicron Infects Workers
Some U.S. supermarkets are reducing hours and cutting services as Covid-19’s Omicron variant infects cashiers, baggers and stockers, deepening grocery chains’ staffing challenges. Across the...