retail

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Holiday spending surges to 12-year high

U.S. holiday spending jumped to its biggest gain since 2005 on stronger employment, rising consumer confidence, and expectations of higher wages and bonuses after new tax bill, according to NRF. Conway Gittens reports. Holiday...

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UK retailers suffer as consumers feel the pinch

Britain’s biggest retailer Tesco tops a slew of Christmas trading snapshots from the UK high street, with a report that misses forecasts, while flagship department store John Lewis warns of ‘volatile’ conditions ahead. Ivor...

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Target sales surge

Target reported strong same-store sales for November and December, and lifted forecast as more customer shopped at its stores and on its website. Roselle Chen reports. Target sales surge

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Retailers shares drop

Macy’s, J.C. Penney, and Sears shares drop on news of store closures and job cuts. Fred Katayama reports. Retailers shares drop

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New year, little cheer for Brexit Britain

The festive season seems to have come to an abrupt halt in Britain, where a number of surveys point to a deteriorating outlook amid growing uncertainty over Brexit. Ivor Bennett reports. New year, little...

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UK data: Brexit Britain feels the pinch

British households turned increasingly cautious in the three months to September as they raised their spending at the slowest annual pace since 2012, according to official data published on Friday. David Pollard reports. UK...