retail

Consumer

Gucci’s China Problem Is Testing Investors’ Patience

Photo by Do Nhu via Unsplash

The company says a turnaround will take time as the market for luxury goods cools and China muddles through economic doldrums.

1 min read

Photo by Mostafa Meraji via Unsplash

Indicators

US Retail Sales Surge as Consumers Shrug Off Inflation, High Interest Rates

Sales rose 0.7% month-over-month — about double what many economists had predicted. Year-over-year, that’s a 4% jump.

1 min read
Photo by Energepic via Pexels

Banking

Visa, Mastercard Agree to Massive Settlement That Limits Swipe Fees

The agreement with US-based merchants is expected to reduce the credit card titans’ take by a combined $30 billion through 2030.

2 min read
Photo by Dima Pechurin via Unsplash

Consumer

Luxury Brands Can’t Bank on China Anymore

Gucci’s parent company expects sales to slump by 10%, largely due to a downturn in Chinese demand.

2 min read

Consumer

Target Follows the Amazon Prime Playbook

Photo by Mike Kalasnik via CC BY-SA 2.0

The retailer is looking to spark its turnaround with its own version of an e-commerce membership.

1 min read

Consumer

Shein and Temu’s Fast-Fashion Rivalry is Rocking the Air Freight Industry

Photo via Connor Lin / The Daily Upside

The massive growth by both companies is crowding out other suppliers hoping to rely on cargo delivery planes.

2 min read

Consumer

McDonald’s Top Line Took a Hit from the Israel-Hamas War

Photo by Jas Rolyn via Unsplash

The burger giant had mostly stellar growth around the world, but the volatile region has become the scene of critical boycotts.

2 min read

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