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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 279
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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 250
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Contrarian investors keep office sale-leaseback market ‘open’

CFO Dive

While office vacancies have soared due to the rise of hybrid work, office sale leaseback transactions ticked up to comprise 10% of the total sale leaseback transactions in the first quarter.

Sales 193
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Home Depot CFO expects flat consumer spending, sales

CFO Dive

The home goods and improvement company is committed to a $1 billion investment in compensation for its frontline workers, CFO John McPhail said, even as it forecasts flat 2023 sales.

CFO 231
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Small businesses foresee ‘dismal’ sales: NFIB

CFO Dive

Inflation, a tight labor market and disrupted supply chains have jarred small business confidence in future sales growth.

Sales 239
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KFC names new CFO amid push to boost sales

CFO Dive

The finance leadership change comes as KFC struggles with dwindling traffic in a dicey economic environment.

Sales 260
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CFOs aim to expand budgets for sales, supply chain

CFO Dive

CFOs are preparing to bump up spending in sales, corporate IT and supply chain, but are keeping a close watch on economic conditions before shelling out new funding.

Sales 187