Articles for Retail Spending

Wealthier Americans are driving retail spending and powering US economy
2 months, 3 weeks ago

Wealthier Americans are driving retail spending and powering US economy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. One key reason is a relatively simple one: Wealthier …

Economy Wealth Stock This Year Fed Sign Americans
Retail sales unchanged in June from May, underscoring shoppers' resilience
5 months, 3 weeks ago

Retail sales unchanged in June from May, underscoring shoppers' resilience

Associated Press  

NEW YORK — Shoppers paused their spending in June from May, defying economic forecasts for a pullback and proving their resilience in the face of an uncertain economy Retail sales were unchanged in June from May, after being revised upward to a 0.3% increase in May, according to the Commerce Department report Tuesday. AP AUDIO: Retail sales unchanged in June …

Retail Inflation Sales Report Month Rose Stores
Ongoing sales have boosted spending during a cost-of-living crisis. Will shoppers pay the price with an interest rate rise?
6 months ago

Ongoing sales have boosted spending during a cost-of-living crisis. Will shoppers pay the price with an interest rate rise?

ABC  

Australia's struggling retail sector has been given a glimmer of hope, with rolling sales encouraging shoppers to spend — but economists warn that it may come with the price of another interest rate hike by the Reserve Bank. The recent jump in retail spending, boosted by clothing and footwear retailers offering big discounts and earlier-than-usual sales seasons, has increased expectations …

Retail Inflation Discounts Price Sales Spending Sector
Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending
6 months, 3 weeks ago

Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending

Associated Press  

NEW YORK — Consumers barely increased spending in May from April as still high prices on groceries and other necessities and high interest rates curbed spending. Earlier this month, the government reported that America’s employers added a robust 272,000 jobs in May, accelerating from April and an indicator that companies are still bullish enough in the economy to keep hiring …

Retail Inflation Prices Spending High Month Rose
'Too soon to declare victory' as RBA governor Bullock says she can't rule out another rate rise
8 months ago

'Too soon to declare victory' as RBA governor Bullock says she can't rule out another rate rise

ABC  

In short : Interest rates have been kept steady, at 4.35 per cent. RBA does not want to tip economy into recession, Bullock says On Tuesday, Governor Bullock said when the RBA lifted rates in November, from 4.1 to 4.35 per cent, it was "taking out a little insurance." The RBA's preferred "core" measures of inflation, such as the trimmed …

Board Bank Interest Rates Interest Cent Rate Rates
Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants
1 year ago

Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants

Associated Press  

NEW YORK — Americans picked up their spending from October to November unexpectedly as the unofficial holiday season kicked off, underscoring the power of shoppers despite elevated prices. “While consumers continue to face hurdles from higher borrowing costs, tighter credit conditions and elevated prices, a still-strong labor market, a positive trend in incomes and an easing in price pressures should …

Holiday Retail Inflation Sales Shoppers Stores Retail Sales
The Reserve Bank has left interest rates on hold as Governor Philip Lowe's moment of truth looms
1 year, 9 months ago

The Reserve Bank has left interest rates on hold as Governor Philip Lowe's moment of truth looms

ABC  

Australia's Reserve Bank has hit pause on interest rates after ten successive hikes, but for many Australians, the pain it has inflicted is about to begin. The bank says more than one million households will come off ultra-low fixed-rate mortgages this year and the next, some of those rates fixed for as low as 1.95 per cent. Reserve Bank leaves …

Inflation Bank Interest Rates Interest Cent Rate Likely
Retailers suffer disappointing January as consumers brace for more bill rises
1 year, 11 months ago

Retailers suffer disappointing January as consumers brace for more bill rises

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Many retailers discounted heavily to entice consumer spend, and while there were bargains to …

Household Retail Sales Spending Retailers Consumers Head
Indians are shopping online more than ever before
2 years, 6 months ago

Indians are shopping online more than ever before

Live Mint  

Online retail spending in India is expected to grow nearly sixfold to $300 billion by 2030, with expansion in the number of digitally-influenced shoppers and online shoppers, a Boston Consulting Group report said on Wednesday. According to the report, the number of digitally influenced shoppers has grown rapidly in recent years, reaching 280 million from 260 million and online shoppers …

India Retail Report Shoppers Bcg Shopping Online Online Shoppers
Shoppers set to spend record $2.75 billion across Australia on Boxing Day
4 years ago

Shoppers set to spend record $2.75 billion across Australia on Boxing Day

ABC  

Australians are predicted to spend a record $2.75 billion across stores nationwide this Boxing Day, according to the National Retail Association. Key points: Australians are predicted by a retail group to spend a record amount across stores nationwide this Boxing Day The National Retail Association forecasts online sales will also be strong But some economists worry that a further flare-up …

Record Retail Australia National Boxing Sales Boxing Day
Christmas shopping this season may be 'make or break' for many businesses
4 years ago

Christmas shopping this season may be 'make or break' for many businesses

ABC  

After a shocking year for retail during the coronavirus pandemic, the National Retail Association says this festive season is "make or break" for many businesses. Key points: Australians are expected to spend more than $52 billion this Christmas — a 5 per cent increase on last year Australians are expected to spend more than $52 billion this Christmas — a …

Shopping Retail Christmas Australia Local Spending Season
US retail sales plunged a record 16% in April as virus hit
4 years, 7 months ago

US retail sales plunged a record 16% in April as virus hit

Associated Press  

BALTIMORE — U.S. retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened the viability of stores across the country and further weighed down a sinking economy. “It’s like a hurricane came and leveled the entire economy, and now we’re trying to get it back up and running,” …

Online Sales Consumer Spending Retailers Stores Retail Sales Retail Spending
COVID-19 lockdown mobility data in graphics: Maharashtrians spending 34% more time at home, J&K residents making 27% more visits to parks
4 years, 7 months ago

COVID-19 lockdown mobility data in graphics: Maharashtrians spending 34% more time at home, J&K residents making 27% more visits to parks

Firstpost  

During the COVID-19 lockdown, India by-and-large recorded a drop in percentage of visits to places of retail and recreation, grocery and pharmacy, parks, transit stations and workplaces Google’s Community Mobility Reports, its website says, “aim to provide insights into what has changed in response to policies aimed at combating COVID-19”. These trends calculate movement to various categories of places such …

Places Data Covid Transit Stations Residents Making
China Has an Ecommerce Giant You’ve Never Heard Of
5 years, 4 months ago

China Has an Ecommerce Giant You’ve Never Heard Of

Wired  

Li Suzhi scrolls through the front page of Chinese ecommerce app Pinduoduo, browsing T-shirts, electronics, and fruit, all priced at a fraction of the cost of similar products on other platforms. Shoppers like Li—price conscious and far from China’s big cities—have made Pinduoduo China’s hottest ecommerce player. Rebecca Fannin, author of three books on China, calls Pinduoduo “a Chinese Groupon …

China Company Chinese Pinduoduo