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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 305
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Tesla CFO eyes pullback in EV market amid slumping sales, restructuring

CFO Dive

Tesla is leaning on AI, layoffs and new autonomous projects to help boost its future sales after a disappointing first quarter.

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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 284
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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 232
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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 260
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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 263
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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 297