Target’s third-quarter profit tumbled as the retailer struggles to lure shoppers that are being pressed by stubbornly high inflation.
Read More Quarterly profit slide at Target hints at a challenging holiday season for the retailer
Tag: Consumer spending
US retail sales beat expectations in June
Retail sales rebounded more than expected in June, but some of the increase likely reflected higher prices for some goods exposed to tariffs.
Read More US retail sales beat expectations in June
Skechers to be taken private for $9.42 billion in biggest footwear industry deal
Investment firm 3G Capital has offered $63 per Skechers share in cash, the footwear brand said on Monday.
Read More Skechers to be taken private for $9.42 billion in biggest footwear industry deal
Dollar Tree To Sell Family Dollar For $1B, 10 Years After $8B Purchase
The discount business Dollar Tree announced on Wednesday that it is selling Family Dollar for $1 billion to two private equity firms, a decade after it bought the discount chain for over $8 billion.
Read More Dollar Tree To Sell Family Dollar For $1B, 10 Years After $8B Purchase
US private payrolls post smallest gain in seven months
The ADP National Employment Report on Wednesday also showed a moderation in wage growth for workers changing jobs.
Read More US private payrolls post smallest gain in seven months
US consumer spending declines; annual inflation subsides
Consumer spending unexpectedly fell in January while the annual increase in inflation slowed, supporting financial market expectations that the Federal Reserve would resume cutting interest rates in June.
Read More US consumer spending declines; annual inflation subsides