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Retail sales surge as economy enters Q2 spurred by spend-happy consumers

CFO Dive

After the release of the retail sales data, the Federal Reserve Bank of Atlanta upgraded its estimate for the annualized rate in first quarter GDP growth to 2.8% from 2.4%.

Sales 274
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Retail sales exceed forecasts, highlighting steady consumer-fueled growth

CFO Dive

Robust retail sales defy predictions that trends such as declining savings and a cooling labor market will inhibit consumer spending.

Sales 244
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Walmart bets on digital retail future, CFO says

CFO Dive

The retail giant is focusing on in-store technology and logistics improvements and positioning stores as distribution points for online shopping.

Retail 276
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Retail Lobby: “We Lied About Organized Theft”

Barry Ritholtz

billion in retail inventory losses in 2021 was not “attributable to organized retail crime.” That line is just another in a long series of falsehoods put forth by the professional b *s at the National Retail Federation. This costs retailers anywhere between $15-20 billion annually in the US. No, “ nearly half ” of $94.5

Retail 141
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Retail sales rise, riding wage gains, strong job market

CFO Dive

Surging borrowing costs and declining pandemic-era savings have not triggered a downturn in retail spending.

Retail 206
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Nordstrom CFO latest retail exec to step down

CFO Dive

Nordstrom’s CFO is stepping down as retail financial leaders battle profit pressures, a glut of inventory and rising costs.

CFO 237
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Superdry CFO to depart as UK retailer warns of rough market conditions

CFO Dive

The departure marks the fourth finance chief to leave the troubled retailer in a half-decade.

Retail 193