retail

Buyers dip into their savings and go into debt.  This could cause a holiday hangover |  CNN Business

Buyers dip into their savings and go into debt. This could cause a holiday hangover | CNN Business

New York CNN — Despite high inflation and recession fears, the holiday shopping season seems to be off to a good start. Black Friday and Cyber ​​Monday sales were strong as Americans were lured by deep discounts. Although consumer spending is slowing, it remains surprisingly resilient. The problem, however, is that many Americans’ paychecks are …

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Robinhood will pay a 1% “match” on customer contributions to retail Individual Retirement Accounts

Robinhood will pay a 1% “match” on customer contributions to retail Individual Retirement Accounts

Raphael Henrique | Sopa Pictures | Light flare | Getty Images Robinhood brings the concept of a 401(k)-style contribution to its retail customers who may not have access to a workplace retirement plan. The retail brokerage will pay a “match” of 1% on its clients’ contributions to a Robinhood Individual Retirement Account, the company announced …

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Who are the avid beaver party buyers without being bothered by inflation?  Generation Z |  CNN Business

Who are the avid beaver party buyers without being bothered by inflation? Generation Z | CNN Business

New York CNN Business — There’s at least one group of shoppers who are enthusiastically hitting the malls this holiday season — and they don’t seem too bothered by the pesky inflation eating away at their discretionary dollars. They’re Gen Z. And how they buy matters. This cohort of consumers born between 1997 and 2012 …

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Economists say rampant retail theft is worsening inflation and threatening bleeding businesses

Economists say rampant retail theft is worsening inflation and threatening bleeding businesses

The upsurge in organized retail theft will shutter storefronts and further increase costs for consumers already struggling with high inflation, economists at the Heritage Foundation have said. “If businesses can’t raise their costs to cover the cost of the flight, if they don’t make a profit, then they’re going to shut down,” said Andrew Puzder, …

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Retail group says rail strike could derail holiday shopping and overall economy

Retail group says rail strike could derail holiday shopping and overall economy

National Retail Federation CEO Matthew Shay discusses record Black Friday online sales and Cyber ​​Monday expectations on “Varney & Co.” The National Retail Federation (NRF) reported on Tuesday that the holiday shopping season got off to a good start with a record 196.7 million Americans shopping in-store and online over the Thanksgiving weekend. Despite the …

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Shopper participation hit record high over Black Friday weekend, retail group says

Shopper participation hit record high over Black Friday weekend, retail group says

A customer searches for shoes at a Macy’s store during the Black Friday sale on November 25, 2022 in Jersey City, New Jersey. Kena Betancur | Getty Images A record number of holiday shoppers – 196.7 million – have returned to stores in droves and searched for deals from Thanksgiving Day to Cyber ​​Monday, according …

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Fed speeches, Cyber ​​Monday and retail earnings will top the week ahead

Fed speeches, Cyber ​​Monday and retail earnings will top the week ahead

Slatestone Wealth Chief Market Strategist Kenny Polcari Provides Stock Market Outlook as Federal Reserve Slows Rate Hikes and Warns Consumers of Black Friday Retail Discounts on “Varney & Co.” This week kicks off with Cyber ​​Monday in a year when retail has been hit hard by inflation. Investors will keep an eye on online retail …

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