Category: Retail News
P&G CEO’s upbeat take on the economy makes the consumer staples giant even more attractive in 2023
The chief executive of Club holding Procter & Gamble (PG) on Thursday said inflation appears to be easing and pressure from a strong U.S. dollar a [...]
Procter & Gamble revenue and profit fall as higher prices fail to offset declining sales
Procter & Gamble reported mixed quarterly results Thursday, matching Wall Streets expectations on earnings but slightly topping them on revenue. [...]
As consumer spending slows, Club holding TJX is the off-price retailer to own
Fresh economic data Wednesday showed U.S. consumer spending slowed last month as inflation, though easing, continued to squeeze shoppers. [...]
Bed Bath & Beyond looks for capital infusion, buyer ahead of likely bankruptcy filing
Bed Bath & Beyond is looking for financing to keep it afloat during a bankruptcy process, and continued discussions with prospective buyers, accor [...]
Holiday retail sales tanked, but trucking data shows e-commerce wasn’t the issue
Holiday sales were a downer, but DHL Supply Chain is investing in e-commerce and says its trucking data shows that 'large growth' in internet retail c [...]
Consumers are going to trade down in a big way this year — How to play it from Bank of America
"Trade-down" stocks will outperform this year, according to Bank of America. [...]
Holiday sales fall short of expectations, set stage for tougher 2023 for retailers
Holiday sales fell short of industry expectations, as shoppers felt pinched by inflation and rising interest rates. [...]
Gun companies reckon with declining demand after pandemic surge
Large firearm manufacturers like Sturm, Ruger are taking a hit as gun sales, which surged in recent years, return to pre-pandemic levels. [...]
Party City files for bankruptcy to restructure piling debt
Party City and some of its U.S. units have filed for Chapter 11 bankruptcy, as the retailer looks to restructure its debt. [...]
Bank of America downgrades Levi Strauss, says upside is hard to see with discounts and sliding denim demand
Sliding demand for denim and a continued reliance on markdowns make it hard to expect outperformance from Levi Strauss, Bank of America said Wednesday [...]