Retailers have seen a big sell-off in recent weeks as several major companies reported profits took a hit from inflationary pressures.
The retail sector has been hard-hit by a selloff in recent weeks amid warnings from major companies that surging inflation has impacted profits, and despite a rebound on Wednesday, experts predict further challenges ahead as consumer spending becomes increasingly hard to predict....
The SPDR S&P Retail ETF, which tracks the sector, gained 6% on Wednesday but remains down nearly 20% so far this month amid several big earnings misses from major companies.warned about inflationary pressures
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
When is Australia Retail Sales and how could the data affect AUD/USD?Early Friday, the market sees preliminary readings of Australia's seasonally adjusted Retail Sales for April month at 01:30 GMT. Market consensus sugg
Les mer »
41 people accused of stealing nearly $4 million in NYC retail theft ringRoni Rubinov, 42, of Queens, is accused of recruiting career thieves to steal items from luxury retailers and drugstore chains and selling them on eBay.
Les mer »
AUD/JPY sees upside to near 91.00 on forecasts aligned Aussie Retail Sales at 0.9%The AUD/JPY pair has touched a high of 90.54 in the Asian session after the Australian Bureau of Statistics reported the Retail Sales. The economic da
Les mer »
America's love of pets offers opportunity for brick-and-mortar retailPeople love their pets. Recent data indicates cities can leverage some of those dogs and cats to help boost local businesses.
Les mer »
Apple to boost retail and corporate pay in face of inflationThe company is hiking retail workers' pay to at least $22 an hour. Keeping workers happy has become harder at a time of inflation and a resurgent pandemic.
Les mer »
Stocks Making the Biggest Moves Midday: Ulta Beauty, Big Lots, Autodesk, Workday and MoreThese are the stocks posting the largest moves in midday trading.
Les mer »