Financial News

NRF expects retail sales to increase from previous year
The National Retail Federation now expects 2018 retail sales to increase at a minimum of 4.5% over 2017 rather than its previous forecast of 3.8% to 4.4%.
CVS Health posts Q2 loss amid strong script volume growth
Despite being buoyed by same-store prescription growth of 9.5% in the retail/long-term care segment and 5.9% in its pharmacy services segment, the company still swung to a net loss of $2.6 billion, compared with $1.1 billion in net income in the prior-year period.

Kroger reportedly to continue its Visa card ban

The retailer will no longer accept Visa credit cards at 26 stores and gas stations that operate under its Foods Co. banner, reported Barrons.com, which cited a report by Bloomberg.
Publix’s solid Q2 earnings helped by lower tax rate

For the three months ended June 30, Publix saw sales of $8.8 billion — a 4% increase over the $8.4 billion it garnered during the same period in 2017.
Contactless payments are on the rise

According to a recent study from Juniper Research, contactless payments will exceed the $1 trillion mark for the first time in 2018, and contactless card payments will dominate transactions.
Survey: Click-and-collect also drives in-store sales

According to a study from OrderDynamics, superconsumers spend, on average, $40 more on unplanned purchases when making a click-and-collect pickup.
New numbers: Prime Day glitch hurt sales

A total of 52% of consumers experienced technical difficulties overall during Amazon's Prime Day, and 27% of those who experienced technical issues either gave up without making purchases or purchased less than they had planned, according to data from JDA.
Amazon's Prime Day on track to break records

According to early results from Feedvisor, sales during the first 12 hours of the fourth annual Amazon Prime Day event were 80% higher than sales during the same 12-hour period last week.
Retailers to challenge Amazon's Prime Day with counter sales

Several retailers have come forward with their own sales to counter Prime Day, ranging from eBay to 1-800-Flowers.com, which is running a five-day sale that kicks off on Tuesday, July 17 at midnight, and will continue through Sunday, July 22.
RILA: Tariffs will impact American consumers, workers

The Retail Industry Leaders Association said that American families and workers will be most impacted by the barrage of tariffs imposed on consumer products from China, and U.S. exports to the European Union, Canada, Mexico, and China.

NRF expects retail sales to increase from previous year

CVS Health posts Q2 loss amid strong script volume growth

Kroger reportedly to continue its Visa card ban

Publix’s solid Q2 earnings helped by lower tax rate

Contactless payments are on the rise

Survey: Click-and-collect also drives in-store sales

New numbers: Prime Day glitch hurt sales

Amazon's Prime Day on track to break records

Retailers to challenge Amazon's Prime Day with counter sales

RILA: Tariffs will impact American consumers, workers