Retail Sales Data and Consumer Spending News
UK pharmacies see surge in demand for Wegovy pills as private rollout expands
Private pharmacies across the UK are seeing a sharp rise in enquiries after Novo Nordisk's oral weight-loss drug Wegovy goes on sale this week. The launch adds to pressure on food retailers and ...
Costco sales slowdown highlights valuation risk as June comps miss expectations
June sales trends at Costco are easing after stronger growth in May, underscoring how sensitive the stock is to even modest signs of deceleration. The retailer still posts solid traffic, digital ...
Walmart cuts prices on food and household items after Trump says White House sought discounts
As the U.S. prepares for the nation’s 250th anniversary celebrations, Walmart is lowering prices on a selection of grocery and household products. President Donald Trump says the move follows a ...
Burberry directors increase share purchases after remuneration policy changes
Burberry is deepening executive share ownership requirements as its turnaround under chief executive Josh Schulman begins to show early financial progress. The policy shift comes after the British ...
Apollo struggles to sell Heritage Grocers as U.S. immigration raids pressure sales
Apollo is facing a tougher exit from Heritage Grocers as fear tied to President Donald Trump’s deportation campaign weighs on shopping patterns in Hispanic communities. The pressure is ...
TG Jones secures court approval for store closures and rent cuts in UK restructuring
TG Jones is pushing through an urgent restructuring after warning that its finances are under immediate pressure and that a large part of its store estate is no longer viable. The plan lets the ...
Sainsbury’s sales growth slows in UK as consumer caution weighs on retail spending
UK supermarket trading is showing further signs of strain as households stay cautious and conflict-related uncertainty clouds the consumer outlook. Sainsbury’s says like-for-like sales excluding ...
Saks Global shifts to high-end luxury after bankruptcy exit
After emerging from Chapter 11 last week, Saks Global is narrowing its footprint and refocusing on premium luxury retail as it tries to stabilize operations. The restructured company, now renamed ...
U.S. online retail spending rises during Amazon Prime Day as shoppers chase discounts
Households across the U.S. are concentrating spending around major promotions as inflation keeps pressure on discretionary budgets. During Amazon's four-day Prime Day event, online shoppers spent ...
Kohl's turnaround drive lifts investor optimism as retailer returns to core strategy
After years of weak sales and fading relevance in the U.S. department store sector, Kohl's is trying to rebuild its position by refocusing on the middle-income shoppers who once powered its ...
UK retail sector sales decline deepens in June as CBI survey signals broader slowdown
Britain's retailers are reporting a weaker start to the summer as sales fall further below seasonal norms in June. The latest readings add to evidence that consumer demand and wider business ...
UK grocery inflation slows as June food price pressures ease
Food price growth in the UK is easing in mid-June, offering an early sign that supermarket shelves are not yet seeing a broader inflation shock from the Iran conflict. The slowdown comes as ...
Amazon Prime Day tests grocery and essentials growth in U.S. retail push
Amazon begins its four-day Prime Day event this week with Wall Street focused not only on sales volume, but also on whether the company can deepen its role as a destination for everyday ...
Sterling gains as UK retail sales beat forecasts and Burnham win eases political uncertainty
The pound strengthens on Friday as investors weigh stronger-than-expected UK retail sales and a parliamentary by-election result that reduces near-term political uncertainty. Sterling also ...
UK retail sales rise in May as warm weather and promotions lift spending
Britain's retail sector regains momentum in May after an April decline, with sales volumes rising more strongly than economists expected. The increase comes as warmer weather and school half-term ...
UK consumer confidence holds steady as younger households turn more cautious
British consumer sentiment remains subdued in June as households weigh political uncertainty and a fragile economic outlook. While the headline confidence reading is unchanged from May, younger ...
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 ...
