Katrina Compoli News Today

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In the three months ahead of the all-important holiday shopping season, a group of retailers that cater to the upper middle class — including Apple, Coach and Nordstrom — saw its biggest sales drop in two years.

In the three months ahead of the all-important holiday shopping season, a group of retailers that cater to the upper middle class — including Apple, Coach and Nordstrom — saw its biggest sales drop in two years.

In the three months ahead of the all-important holiday shopping season, a group of retailers that cater to the upper middle class — including Apple, Coach and Nordstrom — saw its biggest sales drop in two years.

Elevated mortgage rates and record-high home prices are poised to put an end to the home-improvement spending boom that drove growth at Home Depot Inc. and Lowes Cos. over the pandemic period.

A basket of such companies — including the Oreo cookies maker and Modelo beer producer — is down nearly 9% since early August.

(Bloomberg) -- Nike Inc. faces a risk from slower spending by US consumers saddled with student loan debt, in addition to ongoing headwinds in China, according to Jefferies analysts.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapIndia-Canada Clash Should Be a Wake-Up CallCostco Offers Members $29 Online Health Care VisitsChinese Gold Buying Is Driving a Paradigm Shift in Bull...

Planet Fitness sank after the company announced the immediate departure of Chief Executive Officer Chris Rondeau, whos held the position for more than a decade.

As of last month, about 30% of U.S. shoppers were buying whatever brand was on promotion.