economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

Carvana Lays Off 1,500 Amid Big Tech Staff Reductions

Carvana Lays Off 1,500 Amid Big Tech Staff Reductions
Carvana Lays Off 1,500 Amid Big Tech Staff Reductions
November 18, 2022  |  Personnel

Carvana is making changes to its staff in response to a growing trend of Big Tech and eCommerce businesses reevaluating their revenues, as well as...

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Klarna CEO Says Investors Too Focused on Here and Now
Klarna CEO Says Investors Too Focused on Here and Now
November 18, 2022  |  Investments

Sebastian Siemiatkowski, CEO of Swedish buy now, pay later (BNPL) firm Klarna, has expressed his frustration at the current global investment environment. Get the Full...

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Ross and TJX Ride the Discounter Wave as Consumers Seek Low-Priced Clothes
Ross and TJX Ride the Discounter Wave as Consumers Seek Low-Priced Clothes
November 18, 2022  |  Retail

It may be a bad time for consumers and their wallets, but it’s proving to be a good time for the discounters and off-price retailers...

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Walmart Is Cutting Prices as Amazon Is Cutting Jobs
Walmart Is Cutting Prices as Amazon Is Cutting Jobs
November 18, 2022  |  Retail

In a week that began with Walmart being cheered for delivering strong results and ended with Amazon embarking on its sharpest round of job cuts ever,...

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Foot Locker Says Battered Consumers Want Affordable Luxury and Fun
Foot Locker Says Battered Consumers Want Affordable Luxury and Fun
November 18, 2022  |  Retail

Consumers’ desires for affordable luxury and a fun shopping experience are driving sales of sneakers even in the face of inflation and uncertainty, specialty athletic...

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Big Box Retailers Target and Walmart Woo Higher-Income Grocery Shoppers
Big Box Retailers Target and Walmart Woo Higher-Income Grocery Shoppers
November 17, 2022  |  Retail

In this week’s grocery roundup, superstores set their sights on big spenders, Grab grows its grocery presence, and supermarket spending is rising. Get the Full...

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All Merchants Want This Holiday Season Is a Lower Cost of Returns 
All Merchants Want This Holiday Season Is a Lower Cost of Returns 
November 17, 2022  |  Retail

With this year’s holiday season just around the corner, stores and brands are bracing themselves for a deluge of sales and returns — hoping to...

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Kroger Says Grocery Price Anxiety Threatens Digital Adoption
Kroger Says Grocery Price Anxiety Threatens Digital Adoption
November 17, 2022  |  Loyalty & Rewards

With food prices up 15% from last year, grocers need to work harder to secure consumers’ digital engagement, new insights show, as signs of another...

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