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Business, Economy

“More than 8,000 US chain stores closed up shop in 2025 — heralding a ‘retail apocalypse’”

January 25, 2026

“…Household name department store Macy’s announced last week that it was shutting down 14 “underproductive” stores, while Saks Global group filed for bankruptcy on Tuesday. The hard-hitting blows to the two megastores come after more than 8,000 chain retail stores across different companies occurred… Continue Reading…

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Cryptocurrencies, Stocks

“Crypto’s Retail Traders Hit Hard as Strategy ETFs Plunge 80%”

December 5, 2025

“Strategy Inc. — the company once hailed for wrapping crypto exposure into a public stock — is scrambling to calm markets after its shares plunged more than 60% from recent highs… …The most popular exchange-traded funds tracking Strategy’s volatile stock… Continue Reading…

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Economy

“Retail sales increased 0.2% in February, though spending up less than expected”

March 17, 2025

“Retail sales increased 0.2% on the month, better than the downwardly revised decline of 1.2% the prior month but below the Dow Jones estimate for a 0.6% rise. The so-called control group, which strips out noncore sectors and feeds directly… Continue Reading…

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Stocks

“Nike shares plunge after retailer says quarterly sales will fall 10%, warns on China weakness” [JUN 27 2024]

July 1, 2024

“Shares of Nike plunged on Friday after the retailer cut its full-year guidance and said it expects sales to drop 10% during its current quarter as it warned of soft sales in China and “uneven” consumer trends across the globe. The expected… Continue Reading…

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Economy

“Retail sales rose sharply in the first quarter — and could boost U.S. GDP”

April 17, 2024

“The numbers: Sales at retailers rose a robust 0.7% in March and outlays in the prior month were also stronger than previously reported, indicating the economy got a boost from consumer spending in the first quarter. Economists polled by The… Continue Reading…

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Economy

“Retail sales tumbled 0.8% in January, much more than expected”

February 22, 2024

“…Advance retail sales declined 0.8% for the month following a downwardly revised 0.4% gain in December, according to the Census Bureau. A decrease had been expected: Economists surveyed by Dow Jones were looking for a drop of 0.3%, in part to… Continue Reading…

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Economy

“Retail sales tumbled 0.8% in January, much more than expected”

February 15, 2024

“…Advance retail sales declined 0.8% for the month following a downwardly revised 0.4% gain in December, according to the Census Bureau. A decrease had been expected: Economists surveyed by Dow Jones were looking for a drop of 0.3%, in part to… Continue Reading…

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Economy

“US economy still resilient as retail sales beat expectations, layoffs stay low”

December 15, 2023

“U.S. retail sales unexpectedly rose in November as the holiday shopping season got off to a brisk start amid deep discounting, likely keeping the economy on a moderate growth path this quarter and further alleviating fears of a recession. The… Continue Reading…

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Economy

“Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions”

November 13, 2023

“… …” https://www.cnbc.com/2023/11/13/consumer-spending-fell-in-october-according-to-new-cnbc/nrf-retail-monitor-tracking-card-transactions.html This article is badly written. Anyway this is not good. Usually retail goes up during this time of the year.

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Economy

“Retail sales rose 0.7% in September, much stronger than estimate”

October 17, 2023

“…Excluding autos, sales were up 0.6%, also well ahead of the forecast for just 0.2%. The so-called control group, which strips out items such as auto dealers, gas stations, office supply stores, mobile homes and tobacco stores and is used… Continue Reading…

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