Us Retail Sales

Lululemon CEO Calvin McDonald to step down after year of weak sales in US

Lululemon Athletica Inc on Thursday said its CEO Calvin McDonald will step down effective January 31 as the athletic wear maker wrestles with a year of disappointing sales. The company, based in Vancouver, Canada, said that McDonald and the board are working together to manage a "smooth transition," and he will serve as a senior advisor to the company through March 31, 2026. The board said it was conducting a comprehensive search in partnership with a leading executive search firm to select his successor. McDonald took the helm in 2018. Lululemon said Marti Morfitt, the board's chair, will take on the expanded role of executive chair, effective immediately, to "ensure the continued execution of the company's near- and long-term growth strategy during the leadership transition." In addition, Meghan Frank, chief financial officer, and Andr Maestrini, chief commercial officer, will serve as interim co-CEOs following McDonald's exit, the company said. The announcement came alongside .

US retail sales rise strongly; softening labour market a headwind

The third straight month of solid gains in sales reported by the Commerce Department on Tuesday is unlikely to prevent the Federal Reserve from cutting interest rates on Wednesday

US retail sales plunge in January as temperatures drop post-holiday season

US retail sales dropped sharply last month, in part because cold weather kept more Americans indoors, denting sales at car dealers and most other stores. Retail sales dropped 0.9 per cent in January from the previous month, the Commerce Department said, after two months of healthy gains. It was a much bigger drop than economists expected and the biggest decline since last January. The average temperature in January was the lowest since 1988, according to Pantheon Macroeconomics, and was particularly disruptive in the South. Devastating fires in Los Angeles may have also impacted spending. Sales plummeted 2.8 per cent last month at auto dealers and slumped at furniture stores, home and garden centres. Even the usually strong online retail sector saw a 1.9 per cent decline. Sales rose at general merchandise stores, a category that includes big retailers like Walmart and Target, and at restaurants and bars. In addition to cold weather, the decline could reflect falling consumer ...

Oil drops $1 on halt in Houthis' Red Sea attacks, US retail boost

The attacks have disrupted global shipping, forcing firms to reroute to longer and more expensive journeys around southern Africa for more than a year

US retail sales increase more than expected in Nov on strong demand

Signs of strong domestic demand added to warmer inflation readings in recent months in suggesting that the Fed could pause rate cuts in January

US retailers aim to cash in on Cyber Monday with high online discounts

The moves follow a mixed holiday season so far, with muted spending in stores on key shopping days such as Black Friday

Retail sales up 1% in July after 0.2% drop in June, says US commerce dept

Retail sales increased 1.0 per cent last month after a downwardly revised 0.2 per cent drop in June, the Commerce Department's Census Bureau said on Thursday

US retail sales miss expectations in May; April data revised significantly

Inflation and higher interest rates are forcing households to prioritise essentials and cut back on discretionary spending

US retail sales decline sharply in Jan, weekly jobless claims fall

Retail sales dropped 0.8% last month, the Commerce Department's Census Bureau said on Thursday, also likely weighed down by winter storms

P&G sales surpassed analysts' estimates as price hikes offset lower volume

Organic sales rose 7% in the quarter ended Sept. 30, the maker of Tide detergent and Pampers diapers said Wednesday. Analysts had projected growth of 5.8%, according to data compiled by Bloomberg

US retail sales exceed forecasts, economic data defies expectation again

Sales, unadjusted for inflation, increased 0.7% after upwardly revised advances in the prior two months, according to the Commerce Department

US retail sales post second straight monthly drop, factory output falls

Ebbing demand for goods is undercutting production at factories, with other data on Friday showing manufacturing production declining last month

US dollar gains as spending points to rate hikes; Aussie tumbles

U.S. data overnight showed October retail sales rose 1.3%, compared with economist expectations for 1.0%, a healthy signal but one that dented hopes for a pause in rate increases

Wall Street falls as growth stocks slide, Target weighs on retail shares

US retail sales flat in July; core sales rise; retailer Target's quarterly profit slumps

Home Depot beats sales estimates in June qtr on demand from builders

Net sales for the largest US home improvement chain climbed 6.5% to a $43.79 bn, compared with estimates of $43.36 bn

Biggest market jump in a month adds Rs 3.4 trillion to investor wealth

1.4% jump comes on the back of easing recession fears, China policy support

Sensex snaps 4-day losing run, up 345 pts; Nifty tops 16K; Auto, FMCG lead

CLOSING BELL: Tata Consumer Products, Titan, Eicher Motors, HUL, Tata Motors, Maruti, M&M, Nestle India, HDFC, L&T, and BPCL topped the charts

Global stocks mixed after US retail data offset Fed rate hike fears

Global stock markets were mixed and Wall Street futures were lower Wednesday after positive US retail sales data helped to offset concern the Federal Reserve might consider more rate hikes to cool inflation. London and Frankfurt opened lower. Tokyo and Seoul advanced, while Shanghai declined. Oil prices rose more $1 to stay above $110 per barrel. On Wall Street, the future for the S&P 500 index was down 0.4% after the market benchmark rose by 2% on Tuesday. That came after positive US retail sales data helped to offset worries about inflation and rate hikes. The Fed will have to consider moving more aggressively if inflation that is running at a four-decade high fails to ease after earlier rate hikes, chair Jerome Powell said at a Wall Street Journal conference. Expectations of rate hikes ticked higher due to Powell's comments, but markets are shrugging it off and are in need of a breather after a selloff, Yeap Jun Rong of IG said in a report. In early trading, the FTSE 100 in ...

Gold prices subdued by strong US retail sales, aggressive rate hike bets

U.S. retail sales increased strongly in April suggested demand was holding strong despite high inflation and assuaged some fears that the economy was heading into recession

Dow Jones rises nearly 300 pts on gains in banks, strong retail sales data

Walmart slides after cutting earnings forecast; April retail sales rise in-line with estimates