Dollar stores which generally serve low-income households, are cutting their earnings outlooks, anticipating a challenging year. It suggests economic pain coming out of the pandemic among low-income households, where wage gains haven’t kept pace. The US economy may escapes a recession off the back of the resilient middle- and upper-income consumers but what about widening inequalities?
According to experts, there has been a marginal increase in the average spending of online shoppers during the last festive season of Diwali and the growth in number of new customers has been key to the business growth of e-commerce platforms.
There is expected to be a slowdown in the market and a short term disruption due to the ban and the US elections with a Donald Trump win likely.
Swedish apparel major H&M is all set to pull up its shutters at its first store in the city and CNBC-TV18's Priya Sheth's got a sneek peak of what one can expect at this store and here's what she found out.
About 79 percent of consumers browsing for products on mobile devices are likely to buy them on mobile: Report
At JCPenney, customers will be able to take a snapshot of, for example, boots worn by a person passing by and quickly find out if the store has similar ones in stock.And Staples is testing an app that will allow sales clerks to let customers know how the store‘s prices match up against Amazon and other rivals.
Dr Reddy's Labs, Lupin, L&T, Hindalco and TCS are top gainers while ITC, Coal India, ICICI Bank, GAIL and Reliance. Bharti Airtel is in focus as the telecom operator has commercially launched its 4G services pan India. It has an exclusive alliance with Samsung to roll out 4G.
Shoppers found a mixed bag of bargains and so-so deals on Monday, as a day off for many Americans lured some out for what was likely to be the third-busiest shopping day of the holiday season.
Executives at top US retailers expect shoppers to keep spending in 2011 like they did in the recently-ended holiday season, looking for good prices for most items and splurging only on the products they want most.