Target Turns to Promotional Pricing as American Retail Dies a Slow Death Big-box retailer Target Corporation (NYSE:TGT) has announced plans to cut prices on thousands of items in an effort to attract consumers as it feels pressure in a swiftly evolving retail industry.
Another worrying sign that the U.S. economy and retail industry remain on shaky ground. Shares of American Outdoor Brands Corp (NASDAQ:AOBC) crumbled after the company reported terrible first-quarter results.
Workers Are Producing More But Are Paid Less Workers are gaining in productivity but see wages stagnate and even decline compared to a year ago, data from the Bureau of Labor Statistics shows.
The U.S. Dollar Continues on a Downward Spiral as the News Punishes the Buck With the tensions with North Korea once again set to ignite (in this case quite literally as the country is expected to test more nuclear missiles), alongside U.S. Federal Reserve skepticism from speakers, the dollar has taken another fall.
Consumer sentiment fell short of the initial August readings, landing at 96.8, down from the preliminary reading of 97.6, according to the University of Michigan gauge released on Friday, September 1.
Pending home sales for previously owned homes fell in July. This is the fourth decrease in five months. According to the National Association of Realtors (NAR), this is the result of a shortage of properties coming onto the market. Only the west saw an increase in activity.
Fashion Retailer Part of a Pattern of Retail Bankruptcies Buckle Inc, an American fashion retailer known for its jeans line, has announced another month of dipping sales. The company—which sells women’s, men’s, and kids’ clothing, shoes, and accessories—has announced that its comparable store sales fell in the four-week period ending August 26 by 7.9%, compared to (more…)
Hurricane Harvey Compounded on an Already Weak Year for Auto Manufacturers in the U.S. Several of the U.S.’s largest automakers struggled in August, posting losses both due to Hurricane Harvey’s impact as well as continuing to show slow growth in 2017.
Campbell Soup Company Latest Victim of Changing Tastes Campbell Soup Company recently announced its fourth-quarter and full-year results, which gravely disappointed investors. Campbell stock faced a sell-off following the earnings release.
The Greenback Is on Pace for One of its Worst Streaks in Over a Decade With August about to wrap up, the U.S. dollar is once more on the back foot, registering its sixth consecutive monthly fall, the longest negative period for the currency in over 14 years.