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” Matthew Shay - 2 ” - 2 Mr - 2 Craig Johnson - 1 Johnson - 1 Edward Yruma - 1 Piper Sandler - 1 Yruma - 1
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Search resuls for: "” Matthew Shay"


3 mentions found


☆ Is the Holiday Shopping Season Going to Be a Success? The Answer Is Murky.
  + stars: | 2023-12-01 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com   time to read: +2 min
kept its forecast that holiday sales — from Nov. 1 to Dec. 31 — would grow 3 to 4 percent this year. Mastercard, for example, said sales both in stores and online rose 2.5 percent on Nov. 24, from a year earlier. Like Mastercard’s estimate, the retail consultancy forecast that — adjusted for inflation — sales slipped slightly, Mr. Johnson said. If stores have too much inventory on hand, they may have to cut prices more than expected, which would erode their profits. “Really for the first time in four quarters, we are seeing retailers get inventories better aligned with sales,” Mr. Yruma said.
Persons: ” Matthew Shay, ”, Craig Johnson, Johnson, Edward Yruma, Piper Sandler, Mr, Yruma, “ Organizations: National Retail Federation, Mastercard, Growth Partners, Target
☆ Holiday Retail Sales Are Expected to Increase, but at a Slower Pace
  + stars: | 2023-11-02 | by ( Jordyn Holman | More About Jordyn Holman | ) www.nytimes.com   time to read: +3 min
The ContextHoliday retail sales are a closely watched measure of the health of the U.S. consumer and often the most lucrative time of the year for major retailers. The BackgroundThis year’s estimate of holiday sales growth is lower than in previous years. In 2022, holiday sales increased 5.3 percent from the year before to $936.3 billion. Average holiday sales growth from 2010 to 2019 (right before the pandemic) was 3.6 percent, the organization noted. What’s NextThis month, major retailers like Walmart, Target and Macy’s will report quarterly earnings and are expected to give their outlook on the fourth quarter.
Persons: ” Matthew Shay, ” Mr, Shay, Brian Cornell, “ They’re, Mr, Cornell, ” Organizations: Federal Reserve, Wall, Fed, National Retail Federation, Walmart, Target, CNBC
☆ Retailers warn of ‘self-inflicted economic disaster’ after largest rail union rejects labor deal
  + stars: | 2022-11-21 | by ( Matt Egan | ) edition.cnn.com   time to read: +2 min
“Retailers urge policymakers to use every tool at their disposal to avoid a self-inflicted economic disaster,” the trade group said in a statement. The warning was issued shortly after America’s largest rail union rejected a tentative labor deal with freight railroads, raising the risk of a crippling national freight rail strike. The National Retail Federation, the world’s largest retail trade group, similarly called on Congress to intervene “immediately” to avoid a “catastrophic shutdown” of the freight rail system. A rail strike would come at a difficult time as the US economy is still grappling with high inflation, surging borrowing costs and elevated recession risks. “This would be the worst possible time of year to have a disruption in rail freight and rail transportation,” Matthew Shay, CEO of the NRF, told CNN on Monday.
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