NRF: Steady April retail sales signal economic resilience
NRF’s Chief Economist, Jack Kleinhenz, emphasized that the economy remains resilient.
NRF’s Chief Economist, Jack Kleinhenz, emphasized that the economy remains resilient.
Global ecommerce sales soared 22%, fueled by robust performance in store-fulfilled pickup & delivery and marketplace offerings.
“The possibility of a U.S. recession in the near future has increased due to rising trade tensions and other economic factors, but it hasn’t happened yet,” NRF chief economist Jack Kleinhenz said.
In Q1, U.S. online sales increased by 17.9% in constant currency, driven by double-digit online growth, led by strong growth at Food Lion.
Albertsons Cos. anticipates earnings will be below expectations this year, as the ongoing trade war could lead to higher prices and negatively impact consumer demand.
“We finished 2024 on a high note with strong execution at Dollar Tree as growing customer acceptance of our expanded assortment drove sales momentum,” said CEO Mike Creedon.
DG's Q4 profits hurt by portfolio review, store closings.
The company aims to enhance the digital experience, value, and speed to elevate the consumer shopping journey.
“Weak consumer perceptions and uncertainty from the lack of clarity regarding future government policies and regulations can significantly hinder business operations.”
“Looking ahead, we see strong momentum to accelerate growth and earnings in 2025.”
"Our third quarter results demonstrate the combination of great value and strong execution. Our value proposition continues to resonate in new and existing markets."
Muller: "Momentum is building in the U.S., and I expect further improvements in trends through the holiday season."
Amazon forecasts fourth-quarter net sales of up to $188.5 billion.
Walgreens Boots Alliance announced the closings as part of its earnings report for the fourth quarter of fiscal 2024, which ended August 31. The company posted sales and profits that beat Wall Street's expectations.