Consumers Take Breather Before Holiday
November 3, 2006
Retailers are hoping that consumers were simply taking a breather in October before the holiday selling season started up. Sales for the month were up but at a lower rate than in previous months.
Recent News
Shopify’s Stock Plummets 19% After Earnings Report
Shopify, the Canadian e-commerce company, faced a significant drop in its stock value after releasing its first-quarter results.
Peloton Stocks Soar 14% Amidst Potential Private Equity Buyout
Peloton has been struggling since the pandemic ended. Now, it may be getting a reprieve.
Panera Halts Sales of ‘Charged Sips’ at Heart of Lawsuits
Panera’s Charged Sips allegedly caused two deaths, and now they’re being pulled from the chain’s menus.
Rivian’s Losses Reach $1.45 Billion Amid Ongoing Cost-Reduction Efforts
In the first quarter, Rivian reported a loss of $1.45 billion, showing that its recent efforts to cut costs across the company will need further progress before turning over profits.