Strong Christmas sales predicted
September 20, 2017
Deloitte expects holiday sales to improve 4.5 percent this year with retail industry sales topping $1 trillion between November and January. The consulting firm expects e-commerce sales to increase between 18 and 21 percent, a larger gain than the 14.3 percent increase posted in 2016. Deloitte’s figures do not factor in potential hits retailers may take from heavy hurricane activity in southern states.
Recent News
Sony and Apollo Bid $26B Cash for Paramount
Sony and Apollo Global Management have jointly made an all-cash offer of $26 billion for Paramount Global, marking a significant development in the ongoing saga of Paramount’s potential merger. The offer, signed by Sony Pictures Chief Executive Tony Vinciquerra and Apollo partner Aaron Sobel, aims to kickstart discussions, though it’s nonbinding.
Apple’s Record-Breaking $110B Stock Buyback
Apple Inc., one of the world’s largest tech companies, has just made history with the largest stock buyback ever seen in the United States. The announcement comes as the tech giant’s board approved an additional $110 billion in share repurchases.
Moderna COVID-19 Vaccine Sales Drop 91%
Moderna’s only product is the vaccine that became popular during the pandemic.
Norwegian Cruise Line: No Clothes, No Problem on ‘The Big Nude Boat’
Clothing-optional vacations from Norwegian Cruise Line will start next year.