TOKYO—Japan’s retail sales rose faster than expected in November, thanks to decreasing COVID-19 cases in the month, which have encouraged shoppers to ramp up spending on goods and services. To support the economy, Japan’s parliament last week passed a $317 billion extra budget that includes payouts to families and businesses hit by the pandemic while…
S&P 500 Set to End at Record High on Retail Sales Cheer
The S&P 500 was on track for a record closing high on Monday, as a strong retail sales report underscored the strength of the U.S. economy and overshadowed worries from Omicron-driven flight cancellations that hit stocks in the travel sector. Retail sales in the country rose 8.5 percent during this year’s holiday shopping season from…
Retail Sales Rise Slightly in November
Retail sales rose for the fourth consecutive month in November, according to new data from the U.S. Census Bureau released on Wednesday. However, these numbers are considered underwhelming in light of October’s gains and the typical annual rise in sales for the month of November. November’s retail growth constituted a total of 0.3 percent, a…
Euro Zone Retail Sales Up in October on Non-Food Purchases
December 3, 2021
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BRUSSELS—Euro zone retail sales rose in line with expectations in October as consumers spent more on non-food purchases, particularly online, data from Eurostat showed on Friday. Retail sales, a proxy for consumer demand, in the 19 countries sharing the euro, gained 0.2 percent month-on-month in October and were up 1.4 percent from a year earlier,…
Shoppers Return to Stores on Black Friday
Millions of American shoppers returned to shop and spend at retail stores over the Thanksgiving holiday weekend, as foot traffic rose 61 percent compared to last year, according to RetailNext, but still below pre-pandemic numbers. Though sales have rebounded from the 2020 pandemic sales slump, Black Friday traffic at brick and mortar stores this year is…
NTD Business Full Broadcast (Nov. 16)
A strong retail sales report – new government data out today says retail sales surged in October, as American consumers spend more buying products. Walmart and Home Depot report strong quarters, despite supply chain issues and labor shortages. What helped them beat expectations? And one of the biggest pension funds in America is adopting a riskier strategy. Otherwise it…
Dollar Near 16-Month High Versus Euro Ahead of US Retail Sales Data
November 16, 2021
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LONDON—The dollar held just below a 16-month high versus the euro on Tuesday, while the yuan reached its strongest in more than five months as markets welcomed dialogue between the U.S. President and Chinese leader. U.S. President Joe Biden and Chinese leader Xi Jinping stressed their responsibility to the world to avoid conflict, in talks…
Citigroup Expects up to $1.5 Billion Charge From South Korea Retail Banking Exit
Citigroup Inc. said on Monday it expects to take a cash charge of nearly $1.2 billion to $1.5 billion related to the closure of its consumer banking business in South Korea. The bank had announced its plan to exit consumer businesses in 13 markets in Asia and EMEA (Europe, Middle East, and Africa), where it…
US Holiday Sales Could Hit Record Levels of Over $800 Billion: NRF
U.S. holiday sales could rise over 10 percent this year, a trade body said on Wednesday, as major consumer goods makers and retailers work to prevent supply chain disruptions from leaving shelves empty of in-demand toys and games. The National Retail Federation (NRF) forecast sales to increase between 8.5 percent and 10.5 percent, to between…
UK Retail Sales Fall in Sept Despite Panic Buying of Fuel
LONDON—British retail sales unexpectedly fell for a fifth month in a row last month, despite a rush of motorists filling their cars with fuel, adding to signs that Britain’s economic recovery is losing momentum. Sales volumes dropped by 0.2 percent in September, official figures showed on Friday, as supply-chain problems led to gaps on store…
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