French Supermarket Marks Items For Shrinkflation
A French supermarket has begun placing stickers on products to warn shoppers that the supplier has shrunk the product without reducing the price, in an effort to name and shame…
August Retail Sales Strengthen As Gasoline Prices Soar
Retail sales strengthened in August as consumers paid more for gas, with the price of oil surging due to production output cuts and dwindling reserves. Retail sales in August were…
Instacart Targets $8.6 To $9.3 Billion Valuation In IPO
The Wall Street Journal is reporting that according to sources familiar with the matter, Instacart, the grocery delivery service, is targeting a valuation of $8.6 billion to $9.3 billion for…
Analysts Says Inditex’s Early Price Hikes Now Allow Larger Price Cuts
Analysts say that Inditex, the owner of Zara, and one of the first fashion retailers to begin raising prices in response to inflation has strengthened its financial position now as…
Japanese Department Store Sogo & Seibu Workers To Engage In Rare Strike Over Sale To Fortress
According to a report in Yahoo Finance quoting a source with direct knowledge of the matter, on September 1st, Seven & i will sell department store unit Sogo & Seibu…
Wayfair CEO Says Fed Rate Hikes Hit Consumers Hard
Wayfair’s (W) CFO Kate Gulliver warned that despite the bull market in stocks this summer, the steady stream of interest rate hikes which were delivered by the Federal Reserve over…
Amazon Slapped With Labor Complaint For Refusing To Bargain With Union
A spokesperson for the National Labor Relations Board (NLRB) announced Amazon was hit with an official complaint on Wednesday over its alleged refusal to bargain with a New York workers’…
Back To School Spending To Drop For First Time In Nine Years
A new report from Deloitte finds that the first yearly decline in back to school spending in nine years will be primarily attributable to inflation this year. In its 2023…
Citi Downgrades Target
On Friday, Citi downgraded Target stock from buy to neutral, after an analysis by the bank showed a tough competitive terrain for the retail giant accentuated by slowing traffic through…
Advanced Auto Parts Shares Fall As EPS Forecast Is Slashed
On Wednesday, following a cut to its full-year guidance, and a reduction in its dividend, Advanced Auto Parts (AAP) closed down a massive 35%. The auto parts retailer widely missed…
