US holiday retail sales grow 3.1%, down from prior year -Mastercard Dec 26, 2023 08:14AM

(Reuters) -U.S. retail sales rose 3.1% between Nov. 1 and Dec. 24, as shoppers looked for last-minute Christmas deals amid big promotions, a Mastercard report showed on Tuesday.

The increase is lower than the 3.7% growth Mastercard forecast in September and last year's 7.6% rise as higher interest rates and inflation pressured consumer spending. and Walmart ramped up promotions through November in the United States to entice... (continue reading...)

Not so 'Super' Saturday: Retailers dangle fewer discounts for inflation-weary shoppers Dec 22, 2023 01:28PM

By Katherine Masters

NEW YORK (Reuters) - Last-minute shoppers looking for late deals ahead of Christmas may find smaller discounts and fewer items marked down at major retailers including Macy’s, Target and Ulta Beauty, according to an analyst and two datasets measuring retailers' recent prices.

After ramping up promotions for Black Friday, some of the country’s top gifting destinations cut back both the number and size of their... (continue reading...)

Amazon (AMZN) Hosted Record-Breaking Black Friday and Cyber Monday Holiday Shopping Event Nov 28, 2023 09:05AM

Amazon (NASDAQ: AMZN) today announced that its extended Black Friday and Cyber Monday holiday shopping event—which kicked off November 17 and continued through November 27—was its biggest ever compared to the same 11-day period ending on Cyber Monday in previous years. Customers around the world purchased more than one billion items on Amazon, with shoppers saving nearly 70% more on Amazon during the 11 days of deals compared to the same period last year. Amazon... (continue reading...)

US retailers stuck with excess stock offer bargains as holiday season nears Nov 13, 2023 07:50AM

By Ananya Mariam Rajesh and Savyata Mishra

(Reuters) - As the holiday shopping season approaches, major U.S. retailers from Dollar General to Walmart and Macy's could be saddled with too much stock for a second straight year, according to a Reuters analysis, jeopardizing retailers’ profit margins and generating steep discounts for shoppers.

LSEG Workspace, a financial news and data platform, calculated inventory turnover ratios of 30... (continue reading...)

Costco (COST) October Comps Rise 3%, 1.1% in U.S. Nov 1, 2023 04:18PM

Costco Wholesale Corporation (Nasdaq: COST) today reported net sales of $18.53 billion for the retail month of October, the four weeks ended October 29, 2023, an increase of 4.5 percent from $17.73 billion last year.

For the first eight weeks of the fiscal year ended October 29, 2023, the Company reported net sales of $36.57 billion, an increase of 5.3 percent from $34.74 billion for the first eight weeks of fiscal year 2023 ended October 23, 2022.

Comparable sales were... (continue reading...)

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