'Buy now, pay later' becomes popular in time for the holiday season
As Americans shop for the holidays, they will likely see a swarm of offers to get their gifts now but pay for them later in fixed monthly installments.
Mattel CEO feels ‘encouraged’ Biden will untangle supply chain crisis amid holiday season
Mattel CEO Ynon Kreiz reflects on his meeting with the president regarding the supply chain crisis as the holiday season commences.
Ryan Payne 'hard-pressed to think anything will stop the consumer this holiday season'
Payne Capital Management President Ryan Payne and Oppenheimer Managing Director Brian Nagel discuss the impact of the new coronavirus omicron variant on consumer spending.
FTC orders Walmart, Amazon, others to turn over information on supply chain issues
The FTC asked Walmart, Amazon, Kroger, C&S Wholesale Grocers, Associated Wholesale Grocers, McLane, Procter & Gamble, Tyson Foods and Kraft Heinz to turn over "detailed information" within the next 45 days to help the agency study the disruptions "causing serious and ongoing hardships for consumers and harming competition in the U.S. economy."
Christmas giving impacted by supply chain issues, charities say
The supply chain slowdown is one of the main reasons why donations of new toys to The Toy Foundation have declined by nearly 80% in dollar value this year compared to 2019, according to Pamela Mastrota, the executive director of the group.
Cyber Monday sales total $10.7B, down 1.4% from last year
The total spent on Cyber Monday aligned with Adobe's earlier projection that consumers would spend between $10.2 billion and $11.3 billion.
Consumers shopped ahead of Cyber Monday amid supply chain concerns, retail analyst says
Oppenheimer managing director Brian Nagel provides insight into who Cyber Monday sales fell short this season.
Jury awards Alabama woman Walmart accused of shoplifting $2.1 million
An Alabama woman who says she was falsely arrested for shoplifting at a Walmart and then threatened by the company after her case was dismissed has been awarded $2.1 million in damages.
Smash & Grab crime wave prompts retailers to beef up security during holiday shopping season
FOX Business' Madison Alworth speaks with Michael Sapraicone, founder and CEO of Squad Security, about the 'key' to security for retailers.
Jury awards woman Walmart accused of shoplifting $2.1 million
An Alabama woman who says she was falsely arrested for shoplifting at a Walmart and then threatened by the company after her case was dismissed has been awarded $2.1 million in damages.
Biden meets with major retail CEOs to talk supply chains
President Joe Biden met with the CEOs of several major retailers on Monday to discuss supply chain issues
How omicron variant could be tipping market scales
Slatestone Wealth chief market strategist Kenny Polcari and Kearney head of consumer and retail practice Greg Portell discuss market movement amid new coronavirus developments and Black Friday shopping.
Dow adds 236 points in omicron rebound, Twitter slumps
Stocks rebound from worst selloff of the year as investors assess omicron impact.
Supply chain issues won't ruin the holidays because America's retailers refuse to let it happen
Supply chain woes are grabbing headlines and leaving many Americans justifiably concerned that this year’s holiday Grinch will materialize in empty store shelves.
Retail expert weighs in on supply chain crisis, inflation impacting retail industry
Hitha Herzog of H Squared Research on growing concern of supply chain issues and inflation affecting the retail industry this holiday season.
Clothing, accessories will be most popular holiday items: Gregg Smith
Founder of Evolution VC Partners, Gregg Smith, argues the 'lackluster performance' on Black Friday should not provide the landscape for the holiday shopping season given consumers are 'spending money like mad.'
Cyber Monday shopping: Consumers projected to spend up to $11.3B
Online shopping was also down on both Saturday and Sunday. Consumers spent a total of $4.5 billion on Nov. 27, down 4.3% year over year, while consumers spent $4.7 billion on Nov. 28, down 0.5% compared to 2020.
Black Friday is back as shoppers return to stores: Fmr. Toys 'R' US CEO
Storch Advisors CEO and former Toys ‘R’ Us CEO Gerald Storch talks inflation, labor costs, and how looting impacts businesses.
Black Friday store traffic improves from 2020, still down 28% from pre-pandemic levels
Shopping at brick-and-mortar retail stores on Black Friday this year plummeted 28.3% compared to pre-pandemic levels in 2019.
Fed’s Bostic weighs Omicron variant and two rate hikes
Atlanta Federal Reserve President Bostic weighs in on the fast-moving Omicron COVID variant and rates hikes in 2022.