Rising inflation tightens consumer squeeze
Retail sales took an unexpected dip in December in what could be a signal that persistently rising inflation is prompting a pullback in consumer spending.
Stay updated with breaking news from Fran Horowitz. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Retail sales took an unexpected dip in December in what could be a signal that persistently rising inflation is prompting a pullback in consumer spending.
The company joins a slew of clothing retailers that have shuttered along Market Street...
Even though most markets fell, declines were tiny compared to where they were earlier.
Retailers have yet to report their holiday results, but some offered analysts and investors a preview during the ICR conference this week.
Abercrombie & Fitch said it saw strong demand from consumers over the holidays but that it didn’t have enough inventory to sell due to delays.