sluggish Archives

Macy’s posts bigger-than-expected quarterly sales drop on sluggish demand

May 21, 2024 mpsingh No Comments Business biggerthanexpected, demand, drop, Macys, posts, quarterly, sales, sluggish

By Reuters Published May 21, 2024 Macy’s posted a bigger-than-expected drop in first-quarter sales on Tuesday, hobbled by stiff competition from off-price retailers for shoppers increasingly cautious about spending on products such as apparel and footwear. Reuters The upscale department store operator’s net sales fell 2.7% to $4.85 billion. Analysts on average had expected sales [...]read moreMacy’s posts bigger-than-expected quarterly sales drop on sluggish demand

UK retail sales sluggish in March, but fashion edges up online

April 5, 2024 mpsingh No Comments Business edges, fashion, March, online, retail, sales, sluggish

There’s been little good news coming out of UK retail in recent periods and so it was on Friday with high street sales data from BDO for March. Public domain It was the sixth month of negative results for the BDO tracker, the longest period of negative sales growth outside of the pandemic. That said, [...]read moreUK retail sales sluggish in March, but fashion edges up online

Etsy forecasts downbeat first quarter on sluggish discretionary demand

February 23, 2024 mpsingh No Comments Business demand, discretionary, downbeat, Etsy, forecasts, Quarter, sluggish

By Reuters Published Feb 22, 2024 Etsy Inc on Wednesday warned of a fall in first-quarter gross merchandise sales (GMS) on weak demand for handcrafted goods and personalized gifts sold at its online marketplace. Reuters Shares of Etsy declined about 4% in extended trade, as the company also reported fourth-quarter GMS that missed market expectations. [...]read moreEtsy forecasts downbeat first quarter on sluggish discretionary demand

In 2023, China witnessed one of its most sluggish economic growth rates in three decades

January 18, 2024 mpsingh No Comments Beauty China, decades, Economic, growth, rates, sluggish, witnessed

By AFP Translated by Roberta HERRERA Published Jan 18, 2024 In 2023, China experienced its weakest growth in three decades outside of the COVID-19 period, just as a crisis in the real estate sector and economic uncertainties undermined the recovery for the world’s second-largest economy. An electronics components factory in Fuyang, eastern China, January 16, [...]read moreIn 2023, China witnessed one of its most sluggish economic growth rates in three decades