Fewer Americans headed to shopping malls during the Black Friday weekend compared to last year, new data suggests, as rampant inflation and economic uncertainty took a toll on retailers during the shopping holiday. Indoor malls, open-air lifestyle centers, and outlet malls all saw declines in foot traffic during the weekend of Nov. 25 to 27…
Black Friday Weekend Saw Subdued Mall Traffic: Report
December 4, 2022
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Read Rosenblatt’s Take on Amazon
Rosenblatt analyst Barton Crockett updated Amazon.com Inc. for the 20–1 share split completed on June 6. Crockett also reduced its split-adjusted PT by 26 percent to $107, near current trading levels. He reiterated a Neutral rating. Crockett continued to see consensus long-term sales estimates as too high, mainly from what he saw as excessive long-term optimism for online retail. Amazon’s…
Australians Expected to Spend $800 Million for Father’s Day
Australians are anticipated to spend $800 million for Father’s Day with food and alcohol argued to be the most popular gift choices after a survey by the Australian Retailers Association (ARA) and Roy Morgan found that almost 92 percent of Australians who are planning to buy a Father’s Day gift intend to spend the same…
London Couple Find Success in Lockdown After Launching Grocery Delivery Venture
A south London couple launched a successful grocery delivery business during the pandemic as thousands of Britons were forced to rely on couriers to supply them food in lockdown. National lockdowns to curb the COVID-19 pandemic have impacted countless businesses since March 2020, with many small firms forced to close their doors. Florists Emma Soulsby…
March Marked Port of Long Beach’s Busiest Month in History
April 8, 2021
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LONG BEACH—March was the Port of Long Beach’s busiest month in its 110-year history and only the third month that the port handled more than 800,000 20-foot equivalent units in a single month, officials announced April 8. March is traditionally a slow month for the port, officials said, but this past March, the dockworkers…
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