Retail Articles

As it recorded IEEPA tariff recoveries, Newell Brands posted second-quarter earnings and revenue that exceeded Wall Street expectations while returning to year-over-year core sales growth.

Amazon reported that the AI and chips business generated by the AWS B2B operation drove sales in the second quarter, along with significant gains in product revenues, as the company previewed a formula to pass some of its $600 million in IEEPA tariff refunds directly to customers.

In July, the Conference Board Consumer Confidence Index decreased by 1.4 points to 90.8, down from an upwardly revised 92.2 in June, as the Present Situation Index, based on consumers’ assessment of current business and labor market conditions, fell by 3.6 points to 114.9, its third consecutive monthly decline.