NEW YORK (AP) — Grocery aisle deals and an emphasis on affordable but stylish clothes helped Target reverse a year-long sales slump, while Macy’s on Wednesday reported another quarterly decline and said sales for the fiscal year will be weaker than expected due to a “more discriminating ...
NEW YORK (AP) — Small business owners overall are feeling positive about their business and achieving the goals they set for this year despite inflation and high labor costs, according to two new surveys. “At the mid-point of 2024, we asked small businesses to look back on the goals they set for the year, and we found that they’re satisfied with their progress and successes over the first half,” said Gina Taylor Cotter, executive vice president and general manager of American Express’ small business products. The American Express survey of more than 1,100 small business ...
Travel is booming, with record numbers of passengers surging through U.S. airports, and Kayak CEO Steve Hafner says searches on his company’s site are still rising as people start to think about holiday trips. Hafner says interest is rising fastest for premium travel experiences, whether that means a better seat in the main cabin or an upgrade to business class. The company that he co-founded two decades ago is now part of Booking Holdings, which doesn’t break out Kayak’s financials. Hafner spoke recently to The Associated Press about the travel business and the company he ...
NEW YORK (AP) — If you’ve noticed that you’re paying more than before for the same amount of groceries, you’re not the only one. Inflation is easing, but grocery prices are still high — up 21%, on average, since inflation started to surge more than three years ago. Unlike some ...
WASHINGTON (AP) — Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September. Wednesday’s report from the Labor Department ...
Home Depot’s second-quarter sales rose slightly as the nation’s biggest home improvement retailer benefitted from an $18 billion acquisition this spring, but customers continued to rein in spending because of broadly higher costs and elevated interest rates. Sales edged up to $43.18 billion, from $42.92 billion, beating the $42.57 billion that Wall Street had expected, according to a poll by Zacks Investment Research. The quarterly performance was an improvement thanks in part to the acquisition of contract supplier SRS Distribution, which contributed $1.3 billion to Home ...
