Retail sales dropped 1.3 percent in May, but services rose

More On: consumer spending Macy’s profits rebound thanks to stimulus spending Retail spending unchanged in April — even as more businesses reopened Dow crosses 34,000 mark as stocks head to new record highs Spring fashions are selling again, but full recovery may take years US retail sales dropped more than expected in May, with spending […]

Tesla climbs after car sales in China jump 29% in May

Feature China: Barcroft Media via Getty Images Tesla shares rose by more than 3% on Tuesday after data showed the company's sales in China increased 29% in May. The rise in May sales follows a pullback in demand that was logged in April. Tesla should be on track for a 300,000 run-rate for deliveries in […]

Pets at Home hits £1bn sales record as lockdowns spur ‘pet baby boom’

Chain says home working has structurally change market and fuelled surge in sales of kitten and puppy products Last modified on Thu 27 May 2021 03.41 EDT Pets at Home achieved sales of more than £1bn for the first time as the number of people in the UK with pets jumped during lockdowns. The retailer […]

Beyond Meat could see sales spike as more diners return to restaurants post-pandemic

Beyond Meat shares redeemable despite IPO plunge, expert says Beyond Meat, IPO As Americans become more comfortable dining out in the age of the COVID-19 vaccine, Bernstein analysts are bullish about Beyond Meat.  Bernstein upgraded the alternative meat maker, known for its plant-based burgers and ground beef look-a-like, to a revised price target of $130 […]

U.S. Retail Sales Unchanged In April After Soaring In March

After reporting a sharp increase in U.S. retail sales in the previous month, the Commerce Department released a report on Friday showing retail sales were unchanged in the month of April. The Commerce Department said retail sales were virtually unchanged in April after soaring by an upwardly revised 10.7 percent in March. Economists had expected […]

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Do Costco December Sales Signal a Return to Highs?

Costco Wholesale Corp. (NASDAQ: COST) has reported its sales results for the month of December. This stock has been a big winner over the course of the pandemic, as many consumers have been looking to get their supplies here. Note that Costco has outperformed the broad markets, with its stock up about 30% over the […]

Apple iPhone Christmas Sales Smash Expectations

Sales of Apple Inc.’s (NASDAQ: AAPL) iPhone 12 were expected to reach near-record levels for the 2020 holidays. The iPhone 12 is not only new. It has as a primary attraction that its works on new 5G superfast networks, which makes it the first iPhone with that capability. iPhone sales, both those of the iPhone […]