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
Tag: Consumer spending
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
US retail sales post largest drop in nearly two years in January
U.S. retail sales dropped by the most in nearly two years in January, likely because of frigid temperatures and moderation following hefty gains in the past four months.
Read More US retail sales post largest drop in nearly two years in January
Retail, Chain Store Closures Have Surged 69% In 2024: Which Were Affected?
With CVS, Big Lots, and other businesses closing several locations across the U.S. this year, the number of store closures is up by 69%, increasing tremendously in 2024.
Read More Retail, Chain Store Closures Have Surged 69% In 2024: Which Were Affected?