Retail Website Crashes During Black Fri. Sale
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With the holiday shopping season moving into full swing this weekend, what's the most attractive retail stock for investors right now? We asked Seeking Alpha analysts Luca Socci and Kenio Fontes for their picks.
Mr. Nordstrom, 63, is the great-grandson of the founder of the company, which opened its first store in 1901 in Seattle. Mr. Maeder, 66, led various retailers in Europe before joining Selfridges, whose flagship London store opened in 1909.
Sales at U.S. retailers and restaurants rose slightly in September as resilient consumers moderated their spending after splurging over the summer.
Retail workers earn less than what’s needed to afford the typical apartment in major metros across the country.
Companies said they managed tariff pressures in the latest quarter as consumers focused on discounts and high quality.
US retail sales rose modestly in September, suggesting some consumers hit pause after several months of robust spending.
The Census Bureau's Advance Retail Sales Report for September showed consumer spending was lower than expected, with headline sales rising 0.2% versus the expected 0.4% monthly growth.
For the first time, we'll have weekly events in stores all season. For Black Friday, we’ll have giveaways for the first 100 shoppers at all of our stores.
American consumers in September reined in spending on tariff-hit categories such as vehicles, electronics and clothing.
Retail sales rose 0.2% after an unrevised 0.6% gain in August, the Commerce Department's Census Bureau said. Economists polled by Reuters had forecast retail sales, which are mostly goods and anot adjusted for inflation, would rise 0.4%.
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