From Thomas Franck: KEY POINTS
From Lauren Thomas: In an ongoing power struggle between consumers and retailers, shoppers are winning.
From Lucia Mutikani: WASHINGTON (Reuters) – U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that eased fears the economy was slowing down sharply in the second quarter.
From Aishwarya Venugopal & Nivedita Balu: (Reuters) – The first half of 2019 was expected to be a boon for U.S. retailers, buoyed by solid consumer sentiment at home and expansion in China – the market many of them have targeted for the future.
From Lauren Thomas:
From Andria Cheng: Abercrombie & Fitch shares slumped 25% Wednesday after the clothing retailer reported disappointing sales growth and outlook and said it will shut another three flagship stores.
From Lauren Hirsch:
From Lauren Thomas:
From Reade Pickert: U.S. retail sales unexpectedly declined in April for the second time in three months, weighed down by soft sales of autos and building materials and suggesting consumer spending will remain subdued this quarter.
From Lauren Thomas: Tariffs in the U.S. have increased to 25% from 10% on $200 billion worth of Chinese goods, including on things most American shoppers buy for their homes, like furniture and electronics.
From Teresa Rivas: Worries about increased tariffs were pushing stocks down across the board on Monday, and retail was no exception, with renewed investor fears about how this trade-sensitive sector would fare if the next round of duties is imposed after previous delays.
From Lizzy Gurdus: On these bets, short-sellers could come up, well, short.
From Liz Wolf:
From Reuters: U.S. retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018.
From Lauren Thomas & Lauren Hirsch: Investors sour on retail stocks after Macy’s released disappointing holiday sales.