Retail sales

Walgreens Considers Closing 25% of Stores Amid Consumer Price Sensitivity
Walgreens Considers Closing 25% of Stores Amid Consumer Price Sensitivity
June 27, 2024  |  Earnings

Challenges in the retail environment and the pharmacy industry have led Walgreens Boots Alliance to consider closing as many as 25% of its U.S. retail...

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Consumer Spending Revised Lower as Paycheck-to-Paycheck Households Struggle
Consumer Spending Revised Lower as Paycheck-to-Paycheck Households Struggle
June 27, 2024  |  Economy

The third estimate of how gross domestic product (GDP) fared in the first quarter showed — at least in the headline number — there was...

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Walmart CFO: Current Quarter’s Comparable Sales Growth Will Be Weaker
Walmart CFO: Current Quarter’s Comparable Sales Growth Will Be Weaker
June 25, 2024  |  Walmart

Walmart’s sales in the current quarter won’t be as strong as they were in the previous quarter, Walmart Chief Financial Officer John Rainey reportedly said...

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Walmart Doubles Down on Deal Days as Consumers Seek Sales Events
Walmart Doubles Down on Deal Days as Consumers Seek Sales Events
June 24, 2024  |  Walmart

Walmart is following up its just-finished summer savings event with another one weeks later, as the retailer looks to compete with Amazon’s Prime Day to...

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Klarna Sells Checkout Solution for $520 Million to Eliminate Processor Conflicts
Klarna Sells Checkout Solution for $520 Million to Eliminate Processor Conflicts
June 24, 2024  |  Buy Now Pay Later

Klarna sold its online checkout solution, Klarna Checkout (KCO), for $520 million to a group of investors led by BLQ Invest CEO and founding partner...

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Consumers Send Mixed Messages on May Retail Spend
Consumers Send Mixed Messages on May Retail Spend
June 18, 2024  |  Economy

Retail sales for the month of May signal a consumer slowdown overall — and some mixed trends among discretionary categories. The data released Tuesday (June...

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Consumers Demand Discounts Even When Buying Diamonds Amid Inflation
Consumers Demand Discounts Even When Buying Diamonds Amid Inflation
June 13, 2024  |  Retail

As consumers continue to be concerned about their financial situations, shoppers are looking for deals and discounts even when making major purchases such as buying...

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Consumers Embrace BNPL for Groceries Amid Rising Food Costs
Consumers Embrace BNPL for Groceries Amid Rising Food Costs
June 12, 2024  |  Buy Now Pay Later

Around the world, grocers are exploring buy now, pay later (BNPL) capabilities to offer installment options to consumers struggling with inflation. In the United Kingdom,...

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Inflation Moderates; But Consumers Pay More on Rent and Dining Out
Inflation Moderates; But Consumers Pay More on Rent and Dining Out
June 12, 2024  |  Economy

The headline number on inflation indicates a slight cooling of the pace of rising prices, at least in May. But the data released Wednesday (June...

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