Thursday, December 26

Tag: Retail/Wholesale

Shoppers Kept Spending This Holiday Season
26Dec By adminNo Comments
World

Shoppers Kept Spending This Holiday Season

Updated Dec. 26, 2023 9:14 am ETShoppers opened their wallets this holiday season as they have for much of 2023, even crowding into shopping malls to scoop up last-minute holiday gifts and discounts in the days before Christmas.U.S. retail sales rose 3.1% from Nov. 1 through Dec. 24, according to Mastercard SpendingPulse, which measures sales in stores and online. The estimate, which isn’t adjusted for inflation, reflects a year marked by rising prices and a strong U.S. job market.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Chinese Tourists Are Back. They Just Aren’t Shopping Like Before.
17Dec By adminNo Comments
World

Chinese Tourists Are Back. They Just Aren’t Shopping Like Before.

Dec. 16, 2023 11:00 pm ETHONG KONG—The retail world used to cater to Chinese tourists. Luxury shops opened wherever they went, and Parisian department stores hired Mandarin speakers. Mom-and-pop stores in Hong Kong were replaced by vendors offering products Chinese tourists demanded, such as milk powder and medicines.   Now, after being grounded for three years during the pandemic, Chinese travelers are taking to the skies again. But they don’t look or spend the same.   Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
The Self-Checkout Even the Haters Will Love
16Dec By adminNo Comments
World

The Self-Checkout Even the Haters Will Love

Updated Dec. 16, 2023 12:05 am ETEvery so often a technological breakthrough comes along that makes you feel like you’ve teleported to the future: the iPhone, ChatGPT, self-driving cars. And self-checkout at Uniqlo. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
U.S. Retail Sales Show Holiday Season Off to Strong Start
14Dec By adminNo Comments
World

U.S. Retail Sales Show Holiday Season Off to Strong Start

Consumer spending showed unexpected strength at the start of the holiday shopping season, as Americans shopped in-person and online, shrugging off signs of economic cooling.Retail sales, which include spending at stores, restaurants and gas stations, rose 0.3% in November from the month before, on a seasonally adjusted basis, the Commerce Department said Thursday. Economists had expected sales to fall. Sales rose 4.1% in November from a year earlier, outpacing inflation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
What the Supreme Court’s Decision Means for Abortion Pills
13Dec By adminNo Comments
World

What the Supreme Court’s Decision Means for Abortion Pills

Updated Dec. 13, 2023 6:22 pm ETThe Supreme Court said on Dec. 13 that it would weigh whether to limit access to mifepristone, a pill used in most abortions in the U.S.In April, the Biden administration and Danco Laboratories LLC, which sells the drug under the brand name Mifeprex, had appealed a ruling by the Fifth U.S. Circuit Court of Appeals that would have significantly affected the way mifepristone is used and dispensed for abortions. The Supreme Court blocked the lower court’s order while it decided whether or not to hear the case.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
TikTok Strikes Back in Indonesia
13Dec By adminNo Comments
Money

TikTok Strikes Back in Indonesia

The Indonesian government executed its crackdown on “social shopping” in the name of protecting local small businesses. TikTok ended up taking over a local champion. The deal makes good sense for TikTok, in more ways than one. It gets a way back into its key e-commerce market in Southeast Asia. It also sends a shot across the bow of regulators in other countries that might be contemplating similar moves.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More