Tesla Inc shares tanked on Thursday after the luxury electric car maker started offering $7,500 discounts on Model 3 and Model Y vehicles delivered in the United States this month, fueling concerns the company is facing softening demand as economies slow. On Dec. 1, Tesla started offering a $3,750 “credit” on Model 3 and Model…
US Retailers Slash Clothing Prices as Shoppers Cut Purchases
August 26, 2022
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Business & MarketsclothingCompaniesdiscountsearningseconomyinflationMarketsrecessionretailersUSUS News
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NEW YORK—Inflation-weary U.S. shoppers have been skimping on clothing purchases, prompting retailers to slash prices to clear inventory off the racks. Gap was the latest retailer to report a slump in apparel shopping for the second-quarter, saying on Thursday that net sales slumped 8 percent from a year earlier to $3.86 billion. Earlier this month,…
Back to School, Ready or Not!
It’s been a few years since I’ve endured back-to-school shopping, all-school fundraisers and parent-teacher conferences. Still, the end of summer brings a sweet sense of excitement over September’s promise of a clean slate. I can only assume that having spent so many years in school myself and then doing it all over again with my…
Shares of Dollar Tree and Dollar General Rise as Inflation Pushes Shoppers to Find Bargains
Shares of Dollar Tree Inc. and Dollar General Corp. surged on May 26 after upbeat financial news for 2022 from the two discount retail chains in the their first-quarter earnings reports. Many shoppers are flocking to discount retailers as U.S. inflation rates hit a four-decade high. “Despite ongoing headwinds due to supply chain pressures and heightened…
Online Retail Gets More Expensive, Weak Discounts For Holidays: Adobe Survey
E-commerce has gotten more expensive due to the inflationary environment, according to a recent report from Adobe, and it’s significant during the holiday season when retailers normally push big-discount deals. Online prices rose 1.9 percent in October from a year earlier and 0.9 percent from the previous month based on data from Adobe Inc. The…
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