Retail Sales Data and Consumer Spending News
Tesco stock drops 2.10% as quarterly sales growth falls short of forecasts
Tesco PLC (TSCO) stock is trading at GBX447.10, marking a decline of 2.1% on the day. Price action remains below its key moving averages on both intraday and daily ...
Target, Walmart and Amazon face LGBTQ+ spending shift as DEI policies influence purchases
LGBTQ+ consumers are redirecting more of their spending toward companies they see as consistently supporting diversity, equity and inclusion, while pulling back from brands viewed as retreating on ...
China retail sales contract while exports and industrial output rise, Gregory Daco notes
Gregory Daco reports that China experienced a contraction in consumer spending in May for the first time since the pandemic, while investment also showed signs of deterioration. Data indicate ...
Kyle Pomerleau: Retail sales taxes should not be applied to business purchases
Kyle Pomerleau argues that retail sales taxes should not be imposed on business-to-business purchases. He adds that expanding sales tax to include consumer services, which are often exempt, could ...
Chicago Fed sees 1.3% decline in May retail sales, Peter Berezin notes
Peter Berezin reports that the Chicago Fed’s early estimate for May retail sales, using big data, signals a significant inflation-adjusted decline of 1.3%. This drop may reflect the impact of ...
Retail sales fall and inflation rises amid Iran war, E.J. Antoni notes
E.J. Antoni reports that U.S. retail sales excluding autos in May are projected to have declined by 0.3% month over month, and by 1.3% after adjusting for higher prices. He highlights that the ...
