economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.
Cracker Barrel Bets on Digital Rewards to Combat Declining Revenue
Cracker Barrel Bets on Digital Rewards to Combat Declining Revenue
November 30, 2023  |  Earnings

As restaurants turn to technology to weather the economic storm, Cracker Barrel has finally gotten into rewards and is now counting on its new loyalty...

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Big Lots Focuses on ‘Extreme’ Bargains as Food Sales Dip
Big Lots Focuses on ‘Extreme’ Bargains as Food Sales Dip
November 30, 2023  |  Earnings

Big Lots says its quarterly earnings show the impact of a cautious consumer.  The discount retailer’s numbers, released Thursday (Nov. 30), showed comparable sales down 13.2%, as...

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Inflation Data Shows Traveling and Food Prices Rising
Inflation Data Shows Traveling and Food Prices Rising
November 30, 2023  |  Economy

The latest data on personal spending matched expectations. And the parlor game as to whether the Fed will pause or even cut interest rates continues....

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Decreased Consumer Savings Mean Holiday Spending Cutbacks
Decreased Consumer Savings Mean Holiday Spending Cutbacks
November 30, 2023  |  Consumer Finance

Despite positive Black Friday numbers, where consumers stretched their budgets to do some shopping, data suggests that the rest of the holiday shopping season may be...

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Family Dollar Sales Challenged Amid ‘Notable’ Spending Pullback
Family Dollar Sales Challenged Amid ‘Notable’ Spending Pullback
November 29, 2023  |  Earnings

Family Dollar’s parent company is evaluating the chain following a decline in spending among lower-income shoppers. Dollar Tree CEO Rick Dreiling made that announcement Wednesday (Nov. 29) after the company’s...

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Q3 GDP Is Strong but Real Disposable Income Lags Spending Growth
Q3 GDP Is Strong but Real Disposable Income Lags Spending Growth
November 29, 2023  |  Economy

The latest report from the Bureau of Economic Analysis, released on Wednesday (Nov. 29), noted the U.S. economy grew 5.2% annualized, as measured in the...

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Black Friday Becomes Bleak Friday for Some Retailers
Black Friday Becomes Bleak Friday for Some Retailers
November 29, 2023  |  Retail

So far, this year’s holiday has been one of superlatives. Record online spending on Black Friday. Record Cyber Monday sales. The most people ever to shop during Thanksgiving weekend....

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Report: Farfetch Founder José Neves Aims to Take Company Private 
Report: Farfetch Founder José Neves Aims to Take Company Private 
November 28, 2023  |  Economy

The founder of online luxury fashion retailer Farfetch, José Neves, reportedly aims to take the company private.  Neves, who has a 15% stake and 77% of the...

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Black Friday Sees Spending Surge Despite Inflation
Black Friday Sees Spending Surge Despite Inflation
November 28, 2023  |  Consumer Insights

Despite inflationary pressures and all the voices warning that this year’s Black Friday was going to be one of restraint, nearly 8.6% more consumers say...

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