U.S. retail sales rose 7.6 percent between Nov. 1 and Dec. 24, which encompasses a majority of the holiday season, as steep discounts lured deal-hungry consumers, a Mastercard report showed. | Reuters
The increase is higher than the 7.1 percentgrowth Mastercard had forecast in September, when it anticipated consumers would pull purchases to October in the hunt for early deals.However, this year’s holiday retail sales growth is less than the 8.5 percent increase last year as decades-high inflation, rising interest rates and the threat of a recession turned consumers cautious.
Retailers including Amazon.com Inc and Walmart Inc in the United States offered large discounts during the holiday season to get rid of excess stock and bring back inventories to normal levels.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
SIM registration commences Dec. 27Registration of the Subscriber Identity Module (SIM) will commence on Tuesday, Dec. 27, the Department of Information and Communications Technology (DICT) said on Monday. Dec. 26.
Baca lebih lajut »
DOLE issues pay rules for Dec. 26 special non-working holidayEmployees who reported to work on Monday, Dec. 26, are entitled to an additional pay as it is a special non-working holiday, the Department of Labor and Employment (DOLE) said.
Baca lebih lajut »
Police nab 52 lawbreakers in Tarlac from Dec. 19 to 23Police arrested 52 lawbreakers in the continuous conduct of the anti-criminality campaign in this province from Dec. 19 to 25.
Baca lebih lajut »
4 fireworks-related injuries logged from Dec. 21-24MANILA, Philippines — Four injuries linked to fireworks were recorded from December 21 to 24, the Department of Health (DOH) reported on Sunday. During the same period last year, the DOH
Baca lebih lajut »
Twitter restores suicide prevention feature after Reuters reportTwitter restores a feature promoting suicide prevention hotlines and other safety resources for users after coming under pressure from some users and consumer safety groups over its removal.
Baca lebih lajut »
Twitter restores suicide prevention feature after Reuters reportTwitter Inc. has restored a feature that promotes suicide prevention hotlines and other safety resources to users looking up certain content, after coming under pressure from some users and consumer safety groups over its removal. | Reuters
Baca lebih lajut »