Consumers are shopping for bargains at summer sales and small luxuries but spending less at restaurants.
The company pointed to a “challenging macroeconomic environment.”
“My first mobile phone was a huge suitcase I would put in the seat next to me,” recalls Kristina Azab. Later, she cherished her BlackBerry.
Reporting quarterly results, the fast-food company said customers “continue to be more intentional with the dollars they spend.”
“Glengarry Glen Ross” shows salesmen who prioritize quotas above customer needs.
Chains that offer sales for members don’t just bring in customers. They also get valuable data for better-targeted advertising.
Target, for example, warned investors of price promotions in the pipeline.
Tupperware’s stock tumbled after the company said it needed more capital in order to keep going.
The cycle of shortages and overstocking may be easing, thanks to supply chains restarting in Asia and the cost of storing products.
Retail sales were up 3% in January from the month before, but some categories — like building supplies — were mostly flat.
