Retail sales in March surpassed expectations, according to new numbers released by the Commerce Department on Monday. The latest estimates from the Commerce Department show that retail sales in March increased by 0.7 percent — which is more than double the consensus estimates of a 0.3 percent increase for last month. While it surpassed expectations
NEW YORK (AP) — Americans increased their spending pace in March at a better-than-expected pace from the
Consumers are using mobile wallets more, but it is taking a while for them to grow accustomed to utilizing the technology to pay in stores, PYMNTS Intelligence reveals. By the Numbers The PYMNTS Intelligence report last year, “The Mobile Wallet Challenge: Replacing Physical With Digital,” created in collaboration with ACI Worldwide, drew from a census-balanced survey […]
OnePlus has angered retailers in India – the Organized Retailers Association (ORA) represents 4,300 brick and mortar stores and it announced that it would ban its members from selling OnePlus products from May 1. And this might be just the tip of the iceberg. The much larger All India Mobile Retailers Association (AIMRA), which represents more than 150,000 stores, is considering a similar ban. What did OnePlus do to upset store owners? The retailers accuse the phone maker of not supplying...
"Cost reductions and increased productivity" needed, says Musk.
Adverse consumer reaction to autonomous driving technology's checkered past can be offset by a considered and well-communicated development strategy, analyst says.
A slew of corporate earnings will face investors this week as markets continue to digest the prospect of higher interest rates throughout 2024.
As previously reported by Jennifer Sandlin, the "Thermonator" is a flame-thrower equipped robot dog from Ohio-based flamethrower manufacturers Throwflame—and now it's finally for sale to the general public! Here's how the company describes the fully legal Thermonator: Thermonator is the first-ever flamethrower-wielding robot dog. — Read the rest
Did you receive a mail-order package this week? Carriers in the U.S. shipped 64 packages for every American in 2022, so it’s quite possible. That commerce reflects the expansion of large-scale retail in recent decades, especially big-box chains like Walmart, Target, Best Buy and Home Depot that sell goods both in stores and online. This has led to the growth of distribution centers that fulfill these orders. While mail-order commerce is convenient, these centers also have harmful impacts,...
Over the past few weeks, the naira has undergone a dramatic turnaround, appreciating from a record low of around N1,900/dollar read more Naira soars, prices stall: Why relief for Nigerian consumers is slow!
E-commerce sales continued to grow last month, while consumers pulled back on electronics, clothing and home furnishings.
(Reuters) -Harley-Davidson on Thursday reported a 23% decline in first-quarter profit, hurt by slowing motorcycle sales as high borrowing costs deter potential buyers from making expensive purchases, sending its shares down 18% in afternoon trade. The company also reaffirmed its full-year revenue growth forecast of flat to down 9% for its motorcycle business and an operating income margin of between 12.6% and 13.6%, the top end of which was in line with the year-earlier number. "We're really...