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UK retailers see weak sales growth in November despite Black Friday deals

Global Banking & Finance

UK retailers see weak sales growth in November despite Black Friday deals By Suban Abdulla LONDON (Reuters) -British retail sales growth remained sluggish in November despite Black Friday deals, as the ongoing cost-of-living squeeze prompted shoppers to rein in spending on non-essential items, the British Retail Consortium said on Tuesday.

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Goldman names its favorite retail stock and others it likes in 2024

CNBC: Investing

Goldman expects retailers such as Target to offset pricing pressure with market share gains and more sales.

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This retail stock is expected to move more than 13% on earnings this week. How to trade it

CNBC: Investing

Tariff impact The company's vertical integration — controlling design, manufacturing, and retail — drives high margins, with adjusted operating margins averaging 14% over the past few quarters. Spending at luxury home goods retailers is discretionary. Tariffs potentially compound this. RH is trading at ~ 18.7x

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Chinese smartphones sales exceed 70% of Russian market

Global Banking & Finance

Chinese smartphones sales exceed 70% of Russian market (Reuters) – Chinese smartphones dominated the Russian market in the first half of 2023, exceeding 70% of all sales, leading consumer electronics retailer M.Video-Eldorado said, up from about 55% last year.

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UK mobile operator EE eyes growth with new retail platform

Global Banking & Finance

UK mobile operator EE eyes growth with new retail platform LONDON (Reuters) – EE, Britain’s biggest mobile operator, on Wednesday announced the launch of a sales platform called EE ID that will offer gaming consoles and other electronics to its customers and others.

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Broadcom and other stocks have seen some notable insider sales in market comeback

CNBC: Investing

Sometimes sales are part of prefiled plans, used in estate and trust management, but there have been several notable transactions in recent days that did not fall into this category, according to VerityData and securities filings. The sale reduced Rosner's reported vested equity by more than 50%. million on June 9. million.

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What Retail Sales and Other Data Say About China’s Economy

The New York Times: Banking

Consumers are spending a little more, but apartment prices and the pace of construction keep falling.

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