2022-11-25 05:00:01

Retailers Prepare for a Muted Shopping Day: Black Friday Update

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Bloomberg
By Jonathan Roeder

US retailers are bracing for a slower-than-normal Black Friday as high inflation and sagging consumer sentiment erode Americans’ demand for material goods.

After adjusting for inflation, seasonal sales are likely to fall 1.2%, the first decline since 2009, according to S&P Global Market Intelligence. At the same time, there’s a lot of nuance to be gleaned from companies’ earnings reports in recent weeks. It’s clear that shoppers are willing to fork out cash, if the price is right. A buildup of inventory has forced companies into widespread markdowns -- a move that hurts profits but appears to be drawing in discount-hunting consumers.

Continue read on bloomberg.com

Logo U.S. News & World Report
PoliticsBy Associated Press2022-11-24 15:16:43
By ANNE D'INNOCENZIO, AP Retail Writer NEW YORK (AP) While Black Friday will mark a return to familiar holiday shopping patterns, uncertainty still remains....

Logo U.S. News & World Report
PoliticsBy Associated Press2022-11-25 05:01:07
By ANNE D'INNOCENZIO, AP Retail Writer NEW YORK (AP) Black Friday marks a return to familiar holiday shopping patterns, but inflation is weighing on...

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EconomyBy Bloomberg2022-11-23 17:18:17
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Logo CNBC
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Logo CNBC
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Logo Benzinga
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Logo Nasdaq
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Logo Nasdaq
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Logo Daily Mail
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Logo Daily Mail
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Logo CNBC
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Logo CNBC
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Logo Benzinga
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Logo Benzinga
Business / FinanceBy Pr Newswire2022-11-18 05:01:00
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Logo Daily Mail
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