all right, chris. first ever travel discounts as amazon partners with price line for an extra 20% off of deals. retail spending has slowed but americans are shelling out on travel. over the next two days, amazon is pushing deep discounts on millions of items. everything from air pods and watches to samsung smartphones, tvs, laptops. some of the best deals tied to amazon s own devices and products as is typically the case but the stakes are high. the promotion tends to be an early indicator of shopping patterns. it comes as a pivotal moment for consumers. amazon is projected to make almost $13 billion from this year s prime day. that s up about 11% from last year according to insider intelligence and since other retailers have joined this
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shrinking, yet things like consumer spending and services is actually quite high. is there not an argument to say that whatever we can do to boost the greatest proportion, whether the greatest value is made for an economy, that that is surely the better economic policy? is surely the better economic oli ? , ., ., policy? the big argument for ublic policy? the big argument for public holiday policy? the big argument for public holiday is policy? the big argument for public holiday is for - policy? the big argument for public holiday is for those i public holiday is for those economies where consumer spending and particularly spending and particularly spending on leisure is a high proportion and that is true in the uk. it is a relatively high proportion. but what you will see over time is that as you get more public holidays, the impact is lessened so that is where you may see the impact in may because you had three bank holidays really close together, so individual impact on retail
be barbecue food, clothes, whatever, it makes a huge difference, the weather. the weather is difference, the weather. the weather is vital, difference, the weather. tue: weather is vital, particularly in britain because a bit of sunshine and it stops raining for a second and we buy stupid things but we will spend money so it is crucial and considering what has happened over the winter, retailers need that pick up going on. also we will see some confidence figures coming out. i will be interested to see if they will show more confidence in retail spending and i think that will be encouraging because bear in mind the struggle in the states and the uk and europe, spending is a prime driver. if they have confidence it will keep moving but if they don t have confidence we will have a big problem. in confidence we will have a big roblem. , ., ., problem. in terms of corporate results, problem. in terms of corporate results. not problem. in terms of corporate results, not very problem
to show a bounce back after it fell in march. want to bring in retail and ecommerce analyst. good morning, nice to see you, claire. good morning, thanks for having me. i wonder what you are expecting today. consumers have been remarkably resilient over the past year or so. do you think that will hold? resilience s. hahas been the of the year. we are expecting to see soft increase in the retail sales numbers this morning which will be welcome news after a few months of decline. a lot of that will be driven by the gas number and auto. so i ll be paying attention to the core retail sales number which is a little less volatile. but we re still expecting a soft increase there. i think it is so interesting, gas prices have gone up like 30% the past year. that acts like a tax cut when they don t have to spend as much for their daily commute. and retail spending slipped in march, that was around recession fears and worries about the
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