Tag: Economic trends
Struggling demand amidst soaring prices in the luxury sector
Struggling Luxury Sector Faces Decreased Demand Amid Rising PricesThe luxury industry is facing a crisis as the departure of Chanel's creative director has raised concerns about soaring prices and dwindling demand. Major fashion houses...
Consumer confidence rebounds for first time in 3 months
Consumer Confidence Rebounds as Americans Cheer Labor MarketConsumer confidence unexpectedly rose in May, signaling the end of three straight months of declines. According to the latest index reading from the Conference Board, consumer confidence...
Walmart and other retailers are fighting for bargain-hunting, inflation-weary customers. Here’s how
Big Retailers Compete for Bargain-Hunting Customers Amid Inflation WoesInflation continues to impact consumers and big box retailers like Walmart and Target are fighting for bargain-hunting customers in response. Even as inflation rates have declined...