retail sales

What explains the bumper retail sales this festival season?

The festival season is here. Retailers, both offline and online, have rolled out carpet discounts on all categories of items, from electronics to fashion to appliances. In a festive season without Covid restrictions after two years, consumer demand has shot up, despite the soaring inflation. The festival sale, which started on September 23, is expected …

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Soft retail sales, fewer jobless claims paint mixed US economic picture | business

A barrage of data Thursday offered a mixed view of the US economy in the face of rapid inflation, including more tempered retail activity and a labor market that’s still vibrant. Retail sales indicated spending on goods, while far from collapsing, is moderating. And applications for unemployment insurance dropped for the fifth straight week, suggesting …

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FTSE 100 Live 16 September: Sterling at 37-year low as UK retail sales slide, FedEx profits warning hits shares

1663328588 Recession fears grow as number of businesses going bust rises in August A sharp rise in the number of companies going bust has stoked fears about a UK recession and the threat posed to the economy by inflation and the cost-of-living crisis, especially to small businesses. Official government figures for August reveal that almost …

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FTSE 100 Live 16 September: Retail sales slide, FedEx warning hits US market

1663315357 Royal Mail slides 10%, FTSE 100 lower Weaker mining stocks and the blow to sentiment from last night’s FedEx profit warning meant the FTSE 100 index dipped 34.57 points to 7247.50. Land Securities fell more than 3%, off 21.4p to 597p, after Goldman Sachs gave the retail landlord a “sell” recommendation and new 500p …

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Business Highlights: Rail deal, retail sales

___ Attempt labor deal averts threat of nationwide rail strike WASHINGTON (AP) — Rail companies and their workers reached a tentative agreement Thursday to avert a nationwide strike that could have shut down the nation’s freight trains and devastated the economy less than two months before the midterm elections. President Joe Biden announced the deal, …

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New Record for Australian Retail Sales in June Quarter

Australian retail sales broke a new record in the June quarter, despite high inflation pushing up prices across industries. According to the Australian Bureau of Statistics (ABS), retail sales volumes climbed 1.4 percent to around $94.3 billion (US$65.6 billion) in the three months to June, marking the third consecutive quarterly increase, following rises of one …

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Pamplin Media Group – Portland’s clean energy fund didn’t deserve a green light

Council has the authority and the duty to pull the plug on the Clean Energy Fund and stop this failure from turning into a disaster This month, Portland City Council approved $118 million in grants to local nonprofits from the city’s Clean Energy Community Benefits Fund. That’s a huge amount of money at risk of …

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