Dollar Tree is slashing its full-year earnings and sales forecasts as its customers continue to struggle with higher prices and spend less. The biggest one-day sell-off for Dollar Tree shares in more than 20 years arrived less than a week rival bargain chain Dollar General reported a dismal quarter and suffered its largest single-day slump ever. Dollar Tree has been …
A customer browses the holiday lights at a store in Charlotte, N.C. Economists forecast a slowdown in consumer spending in the final three months of the year, as credit card debt and deliquencies rise, and average savings fall. Consumer spending jumped in the July-September quarter, but economists forecast it will slow in the final three months of the year, as …
WASHINGTON — Americans cut back sharply on retail spending last month as the holiday shopping season began with high prices and rising interest rates forcing families, particularly lower income households, to make harder decisions about what they buy. suggests that higher borrowing costs, slower employment growth and an unusually low saving rate are now catching up with consumers,” said Andrew …
WASHINGTON: Americans increased their spending at retail stores and restaurants in July for a third straight month, but some evidence suggests that sales are weakening with the expiration of government rescue aid that had previously put more money in people's pockets. July's sales increase was much smaller than May's 18.3% gain and June's 8.4% increase, when shoppers flocked to newly …
