Latest in Retail Sales Miss
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China's November retail sales miss expectations as real estate slump deepens
The latest economic data out of China underscores lingering doubts about consumer spending.CNBC - 7h -
Weak China retail sales add to pressure on Beijing to lift economy
Consumption rises less than forecast in November, highlighting why leadership made it the top economic concernFinancial Times - 9h -
U.S. oil prices drop nearly 1% on weak Chinese retail-sales data
Oil prices were falling on Monday morning as traders assessed a batch of economic data in China that showed retail-sales growth unexpectedly weakened in November. Still, traders remained cautious ...MarketWatch - 2h -
UK retailers accused of recruiting young shop workers without rights over Christmas
Lush and Gymshark among chains using apps promoted by TikTok influencers to take on gig economy assistants lacking basic protections, say unions. Unions have accused high-street retailers of ...The Guardian - 1d -
Four-try Sale cruise to victory over Racing
Sale run out comfortable winners over Racing 92 in their Champions Cup match at Salford Community Stadium.BBC News - 2d -
Costco posts another sales miss — but sees gains among wealthy shoppers and in this Amazon-disrupted business line
Costco shares slipped after hours Thursday after the membership warehouse retailer reported mixed results.MarketWatch - 3d -
Man claiming to be missing American found in Syria months after going missing
A man identifying himself as Travis Timmerman, a Missouri man who was reported missing earlier this year, has been found in Syria. Timmerman told CBS News that he had been imprisoned for seven ...CBS News - 3d -
Costco beats on earnings as e-commerce sales jump
Costco drew stronger online sales and higher traffic, as shoppers bought jewelry, luggage and more.CNBC - 3d -
Here are the retailers shuttering thousands of stores in 2024
Some major retailers are struggling to attract customers, leading to more than 7,100 store closures in 2024 — a 69% jump from a year ago.CBS News - 3d -
HSBC reviews retail banking outside UK and Hong Kong
Bank could scale back in countries including Mexico as it seeks further cost cutsFinancial Times - 3d -
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Judge blocks sale of Alex Jones' Infowars to the Onion
A federal bankruptcy judge has rejected the sale of conspiracy theorist Alex Jones' Infowars website to the satirical news site the Onion, citing concerns with the bidding process. The trustee ...CBS News - 5d -
Infowars Sale to The Onion Rejected by Federal Bankruptcy Judge
The Onion’s bid for the conspiracy website was supported by the families of victims of the Sandy Hook shooting and a nonprofit focused on ending gun violence.The New York Times - 5d -
Macy’s shareholders clamor for retailer to squeeze value from its real estate, among other changes
Two investors launched a campaign Monday seeking changes at Macy’s that would boost profitability and returns.MarketWatch - Dec. 9 -
China Auto Sales Sustain Momentum on Subsidies, Campaigns
The Chinese auto market extended its strong momentum, helped by the government’s trade-in policy.The Wall Street Journal - Dec. 9 -
Returns are an $890 billion problem for retailers
Holiday shopping is expected to reach record levels this year.NBC News - Dec. 8 -
Retail returns: An $890 billion problem
As shopping reaches a peak in the weeks ahead, retailers expect their return rate for the holidays to be 17% higher, on average, than the annual rate.CNBC - Dec. 7 -
Rare whisky ‘bubble’ bursts as sales tumble
Value of rare malts sold at auction is down 40% this yearFinancial Times - Dec. 7 -
TikTok Ban or Sale Upheld by Federal Appeals Court
The D.C. Circuit denied TikTok’s petition to overturn the ruling that requires it to break with parent company ByteDance or be banned.Inc. - Dec. 6 -
The stock market’s ‘fear gauge’ is trading at lows. Why retail investors should take note.
The Cboe Volatility Index hasn’t been this low in months.MarketWatch - Dec. 6 -
Guardian Confirms Sale of The Observer to Tortoise Media
The Guardian Media Group said it had struck a deal to sell The Observer to Tortoise Media, shortly after a 48-hour strike by journalists ended.The New York Times - Dec. 6 -
Observer newspaper sale to Tortoise Media approved
The Scott Trust and Guardian Media Group agreed the sale on Friday, despite pushback from staff.BBC News - Dec. 6 -
Sale of the Observer to Tortoise Media agreed in principle
Scott Trust will become a key shareholder and take a seat on both the editorial and commercial boards of the company. The sale of the Observer, the world’s oldest Sunday newspaper, to Tortoise ...The Guardian - Dec. 6 -
GameStop Jumps After Cryptic Post From ‘Roaring Kitty’ Boosts Retail Hype
GameStop’s stock is up around 76 percent so far this year.Inc. - Dec. 5 -
Ulta Beauty shares pop as retailer beats earnings expectations despite demand fears
The retailer hiked its full-year outlook slightly to reflect the better-than-expected results.CNBC - Dec. 6 -
Missing: a clear direction for Starmer
Labour’s obsession with winning the next election is distorting governmentFinancial Times - Dec. 5 -
Signet Jewelers’ stock drops as it faces competition from lab diamonds and misses Wall Street’s profit and sales estimates
Retailer warns its revenue may fall short of expectations in the coming quarter.MarketWatch - Dec. 5 -
Chinese online retailer Temu suspended in Vietnam
Chinese online retailer Temu has been told to suspend operations in Vietnam after it failed to meet an end-of-November deadline to register with the country's Ministry of Industry and TradeABC News - Dec. 5 -
While institutions own 33% of Playtech plc (LON:PTEC), retail investors are its largest shareholders with 48% ownership
Key Insights Playtech's significant retail investors ownership suggests that the key decisions are influenced by...Yahoo Sports - Dec. 5 -
Guardian Journalists Strike Over Planned Sale of The Observer
Workers have begun a 48-hour walkout, the first in 50 years for the outlet, over a proposal to sell The Observer to Tortoise Media, a digital media start-up.The New York Times - Dec. 5 -
American Eagle Shares Plunge After Retailer Cuts Sales Outlook
Shares of the apparel retailer fell 12% after the company forecast a steeper-than-expected decline in sales for the holiday quarter.The Wall Street Journal - Dec. 4 -
Foot Locker Shares Fall After Retailer Cuts Full-Year Outlook
Foot Locker cut its outlook for the year as more promotions and weak spending pushed the company to post a loss in the third quarter. Shares of the retailer fell.The Wall Street Journal - Dec. 4 -
'Squid Game' tracksuits, sneakers and whisky: Behind Netflix's latest retail pitch
Netflix has been ramping up its efforts in retail, with plans to open two physical stores. It's also partnering with many brands to sell merchandise based on its shows and movies.Los Angeles Times - Dec. 4 -
Fewer shoppers turned out for Thanksgiving-weekend deals, retail group says. Here’s why.
The five-day period between Thanksgiving and Cyber Monday saw fewer shoppers than a year ago, a major retail-industry group said Tuesday, due in part to the later timing of the holiday this year ...MarketWatch - Dec. 4 -
A sweet Black Friday deal for retailers this year: ‘People keep spending money’
Despite a consensus that many Americans voted last month based on concerns about financial well-being and cost-of-living pressures, the recent kickoff to the holiday-shopping season is ...MarketWatch - Dec. 4 -
EU to crack down on Asian online retailers Temu and Shein
Brussels considering a tax to slow surge of goods sold on sites that evade custom duties and checksFinancial Times - Dec. 4 -
Children’s Place profit nearly halves as troubled retailer’s turnaround efforts dampen sales
Troubled retailer is moving away from unprofitable sales and offers of free shipping.MarketWatch - Dec. 3 -
Moscow approves sale of Carlsberg’s Russian assets for $322mn
Danish brewer had previously accused the Kremlin of ‘stealing’ the businessFinancial Times - Dec. 3 -
Consumer watchdog proposes crackdown on personal data sales
The Consumer Financial Protection Bureau (CFPB) on Tuesday rolled out a new proposal aimed at cracking down on data brokers selling Americans' sensitive information. Under the proposed rule, the ...The Hill - Dec. 3 -
Tesla's China Sales Fall as Competition Heats Up
The U.S. electric-vehicle maker’s China-made car sales fell 4.3% in November.The Wall Street Journal - Dec. 3
