According to a forecast released by AlixPartners, the global consulting firm, holiday season sales in the United States should grow from 3% to 6% year over year. Although American consumers have remained financially resilient during 2023, inflation, higher interest...
Slower spending by lower to moderate income consumers hit Ross Stores second quarter results even if lower earnings were better than Wall Street anticipated. For the second quarter that ended July 30, Ross Stores reported earnings of $384.5 million, or $1.11 per...
In the second quarter, Rent-A-Center saw earnings slip as inflation squeezed its lower-income customers, but it still managed to profit better than Wall Street expected. Net earnings were $19.7 million, or 33 cents per diluted share, versus $61.3 million, or 90 cents...
