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Search resuls for: "Siddharth Cavale Uday Sampath Kumar"


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☆ US retailers' lure cash-strapped customers with products under $5
  + stars: | 2023-02-28 | by ( Siddharth Cavale Uday Sampath Kumar | Siddharth Cavale | Uday Sampath Kumar | ) www.reuters.com   time to read: +3 min
NEW YORK, Feb 28 (Reuters) - Retailers have a new sweet spot: products that cost $3 to $5. Target said on Tuesday that it would be stocking its shelves with more products priced under $10 as the retailer tries to appeal to more cost-conscious consumers dealing with once-in-a-generation inflation. This comes a little more than a year after dollar store chain Dollar Tree (DLTR.O) said it would launch more discretionary products including seasonal items and apparel priced between the $3 and $5. Many, including high-income households, are buying more store-label brands as budgets stretch in the face of higher interest rates. Target said it plans to launch or expand more than 10 owned brands, adding thousands of new products.
☆ Analysis: Pickup in U.S. 'Cyber Week' sales beat China's Singles Day gain
  + stars: | 2022-11-29 | by ( Siddharth Cavale Uday Sampath Kumar Casey Hall | Siddharth Cavale | Uday Sampath Kumar | ) www.reuters.com   time to read: +4 min
U.S. shoppers spent $35.27 billion online overall during Cyber Week, the period from Thanksgiving through Cyber Monday. But the modest pickup trounced the paltry 2.9% increase in sales during China's Singles Day, an 11-day shopping festival ending November 11, hosted by Alibaba and other Chinese e-commerce firms. Originally, Singles Day was an unofficial Chinese holiday on Nov. 11 (11/11) to celebrate people who were not in relationships. These days, brands use Singles Day to clear inventory and experiment with new products. With the COVID-19 pandemic still raging in China, "it wont be fair to can compare" Singles Day with Cyber Week, Chernev said, as Americans are shopping with fewer restrictions.
☆ Walmart lifts annual forecast, announces $20 bln share buyback
  + stars: | 2022-11-15 | by ( Siddharth Cavale Uday Sampath Kumar | Siddharth Cavale | Uday Sampath Kumar | ) www.reuters.com   time to read: +4 min
Amid persistent inflation, investors have been nervously eyeing how consumer spending pans out during the crucial holiday season, when retailers make more than a third of their annual profits. The world's largest retailer by sales forecast holiday quarter U.S. same-store sales, excluding fuel, to increase about 3%, below estimates of a 3.4% increase. The company's comments follow those of FedEx and Amazon, which have also warned of muted holiday season demand in recent weeks. Home improvement chain Home Depot (HD.N) on Tuesday left its annual forecasts unchanged, adding to holiday season concerns amid a slowing housing market. read moreFor the full-year, Walmart forecast net sales to rise 5.5%, above its previous forecast of a 4.5% increase.
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