by Mike Duff | Jun 6, 2023 | Featured News, Retail Articles
National Retail Federation Chief Economist Jack Kleinhenz stated as part of NRF’s Monthly Economic Review that typical indicators are providing conflicting signs, but he added the nation does not appear to be in a recession and should be headed toward a soft landing...
by Mike Duff | May 31, 2023 | Retail Articles
The Conference Board Consumer Confidence Index fell in May to 102.3, down from an upwardly revised 103.7 in April, as general economice confidence dipped even as home purchase intention remained steady month over month. An index reading above 100 suggests a positive...
by Mike Duff | May 30, 2023 | Featured News, Retail Articles
Costco beat a Wall Street estimate on earnings in the third quarter, although it came up a bit short on revenues as lower discretionary spending on big-ticket items pressured results. Net income was $1.3 billion, or $2.93 per diluted share, which included a...
by Mike Duff | May 25, 2023 | Retail Articles
Best Buy CEO Corrie Barry, noting continuing macroeconomic headwinds that weighed on the company’s first-quarter financial results, said better prospects lay ahead as sales declines in the tech sector bottom out. Net earnings were $244 million, or $1.11 per diluted...
by Mike Duff | May 11, 2023 | Retail Articles
Growth in United States Gross Domestic Product slowed but remained positive in the first quarter, as it and other economic indicators demonstrated the difficulty of bringing inflation under control, said National Retail Federation chief economist Jack Kleinhenz in the...
