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Investors Cool on Internet-of-Things Startups, a Tech Conduit for Retailers

CFO News Room

Slumping markets have investors pulling back from funding startups that make internet-connected devices for retailers, threatening to choke an innovation pipeline for emerging tools like smart shopping carts and inventory management robots. Over the same period, investment dollars in IoT startups fell 57.2% billion, PitchBook said.

Startups 100
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Record Retail Sales Forecast For ‘Super Saturday’

PYMNTS

Retail analysts expect this year’s Super Saturday to surpass all other days in 2019. The president at retail consultancy Customer Growth Partners, Craig Johnson, said he expects that day to see spending of around $34 billion this year. .

Sales 52
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November job growth slowed but will still show strength despite layoffs

CFO News Room

Economists forecast the unemployment rate was steady at 3.7%, and average wage growth slowed to 0.3% Economists expect the Fed’s tighter money policy will ultimately result in negative monthly payroll numbers, but not yet. Retail should do okay, but I think there’s a big question of how retail performs after the holidays.”

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Retail Sales Weaker Than Expected, Deepening Recovery Concerns

PYMNTS

The experts were expecting a weak retail sales report when the numbers hit the wires earlier today (May 15) – but even in an environment of diminished expectations, the number reported by the Census Bureau was a disappointment. percent economists forecasted before the release, and double the record of the 8.3

Sales 92
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Netflix, Alphabet, Nordstrom, PagerDuty, more

CFO News Room

While Netflix missed earnings expectations, it added more subscribers than analysts were forecasting. related investing news Alphabet — The Google parent saw shares rise 3.6% Nordstrom — Shares of the retailer fell 7% in premarket trading after Nordstrom announced that its holiday sales fell 3.5% year over year. Source link

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Retail Sales In China Improve For First Time Since January

PYMNTS

China saw retail sales increase last month for the first time since the COVID-19 outbreak, another sign of the country’s wider recovery. The latest numbers were a surprise as economists had predicted retail sales would be flat. The latest numbers were a surprise as economists had predicted retail sales would be flat.

Sales 64
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Retail Recovery Veils Serious Headwinds

PYMNTS

retail and economic recovery is still facing serious headwinds. retail sales, which exceeded forecasts in June. Retail spending increased 7.5 What was not clear was the effect stimulus funds made on retail spend. But the May and June spikes returned retail sales levels to pre-pandemic numbers.

Retail 63