Tag Archives: Retail industry

The market did not like what it saw from the final retail holiday sales numbers for 2022 which sets up a tough year for retailers, but e-commerce is continuing to boom, including in areas outside the core retail consumer. Trucking data shared by DHL with CNBC shows that while the …

In light of China’s reopening and easing of Covid rules, Hong Kong’s property market will be on a path to recovery in 2023, according to property consultancy Colliers Hong Kong.   The retail market in particular will reap the “best benefit,” Hannah Jeong, Colliers’ head of valuation and advisory services, told …

Tourists visit ice sculptures in Harbin, Heilongjiang province on New Year’s Day 2023. China News Service | VCG | Getty Images BEIJING — It’s going to take time for Chinese consumers to really start spending again, despite China’s abrupt shift toward reopening. About a month after Guangzhou city resumed in-store …

Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s on Friday warned its holiday-quarter sales will come in on the lighter side, saying consumers’ budgets are under pressure and that it anticipates that squeeze to continue into this year. The department store …

D3sign | Moment | Getty Images Online sales during the holiday season jumped 3.5% year over year to $211.7 billion, according to Adobe Analytics, as record high discounts persuaded shoppers to open up their wallets. That spending marked a new record for e-commerce sales during the major retail season, according …

While some Americans are still recovering from holiday festivities, many others may have lingering effects of spending regrets. Overall U.S. retail sales increased 7.6% year-over-year between Nov. 1 and Dec. 24, according to the latest Mastercard SpendingPulse survey. For many consumers, the amount of debt they took on to pay for …

The Walmart website is displayed on a laptop in the background with a hand holding a bank card. Rafael Henrique | Lightrocket | Getty Images A Walmart-backed startup is looking to compete with buy now, pay later companies. The venture, called One, is gearing up to launch its own version …

The holiday shopping season is always closely followed by a spike in gift returning. But this year, it may be harder to bring things back for free or at a low cost. Roughly 60% of retailers said they’re making changes to existing returns policies, with fewer promising free returns, according …

Black Friday bargain hunters shop at a Walmart store in New Jersey on Nov. 26, 2021. Tayfun Coskun | Anadolu Agency | Getty Images More Americans are struggling financially just as the peak shopping season kicks into high gear. Yet shoppers will still shell out $1,455, on average, on holiday …

A home improvement contractor works on a house in Cambridge, Massachusetts. Suzanne Kreiter | The Boston Globe | Getty Images As the U.S. housing market falls hard from its pandemic-driven highs, home improvement retailers like Home Depot and Lowe’s don’t seem to be feeling the same pain. In fact, they’re …