US consumer spending warmed slightly in February, according to government data released Thursday, with retail sales regaining ground after an earlier hit from cold weather.
Despite suffering a significant sales loss of over $1 billion due to the Bud Light boycott, AB InBev still experienced profit growth.
US retail sales plummeted by 0.8% in January, signaling economic challenges amid inflation and rising interest rates.
US consumers kicked off a strong start to the holiday shopping season, according to the latest data from the Commerce Department, giving retail sales a boost despite negative expectations.
Wall Street was pleased with Ulta's financial results, sending its shares 11% higher Friday to $474 per share. Lila Margalit of Placer.ai thinks Ulta is in the right place at the right time with a suitable value proposition.
The week will also bring housing and labor data; retailers Nordstrom, Lowe's and Best Buy release quarterly results.
Shares of Walmart fell as the company's forecast indicates slower consumer spending at the end of the year.
The company's third-quarter results beat its own forecasts and analysts' estimates.
China on Tuesday released weaker than expected economic data, with slowing retail sales growth pointing to shaky consumer confidence in the world's second-largest economy.
Nike reported a drop in quarterly profits Thursday despite higher sales due to the drag from increased costs and the liquidation of unwanted merchandise.
Retail sales in the United States grew at a slower pace in May but still came in stronger than expected, according to government data released Thursday, on the back of falling gas station sales.
From cannabis-infused flowers to edible weed gummies, marijuana companies are pulling out all the stops as they eye bumper sales on April 20 - a day referred to as "4/20" in weed culture.
Retail sales in the United States slipped more than anticipated in March, according to government data released Friday, extending a downward trend that signals cooling in the economy.
Here's a list of over 20 Halloween sales, from candy to costumes and more.
Retail spending rebounded and increased by 1% despite inflation soaring to a four-decade high in June, but it may reflect higher prices more than increased spending by households.
Both vehicle and gas sales significantly impacted May retail sales overall, driving the downturn for the month.
UBS revised its previous estimates down to 50,000 store closures by 2026.
A number of factors are at play, including the election, coronavirus infection rates and the overall economy.
China is on the path to become the only major economy in the world to show growth this year
US stocks dropped on Thursday as Bank of America saw its profit plunge by 52%
Chinese GDP shrunk by 6.9% in the first quarter
Both retailers plan to close dozens of locales
