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Retailers' Problems Get Real
Merchants are selling more stuff, but now it is often at lower prices. Source link
US retail sales rise slightly in June; core retail sales solid By Reuters
© Reuters. FILE PHOTO: A man with a shopping bag walks past a sale sign at a retail clothing store in San Francisco, California May
Shoppers Likely Spent More Last Month as Inflation Eased
Economists expect June retail sales growth to be the strongest since January. Source link
For Clues About Carvana's Future, Look to Its Past
Struggling used-car dealer’s shares are hot, but business sags and investors worry about the family’s plans. Source link
China’s June industrial output rises 4.4%, retail sales up 3.1% By Reuters
© Reuters. FILE PHOTO: A labourer piles up steel pipes at a steel and iron factory in Shenyang, Liaoning province April 23, 2010. REUTERS/Sheng Li/File
H&M Now Wants to Sell You Makeup, Sofas and Crocs
The retailer is moving further beyond its clothing label, doubling down on beauty products, housewares and selling other brands to draw in more shoppers. Source
How Allbirds Lost Its Way
Quality complaints—and intractable holes—have dogged the hot shoe company, which rolled out an assortment of new products but found environmental sustainability a tough sell. Source
SEC's Crypto Strategy Stumbles in Ripple Case
A federal judge has ruled that some sales of the XRP token aren’t covered by a 77-year-old Supreme Court test that created a definition for
Coinbase limiting staking service for retail customers in four states By Reuters
© Reuters. FILE PHOTO: Smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023.