Retailers and quick-service restaurant chains in India experienced the slowest pace of store expansion in five years at 9%, with 33,219 stores as of March 31. In FY23, the number was 30,551, up 18% from the previous year. These companies added 2,700 stores, averaging 7 a day, but that s nearly half compared to 13 doors each day in FY23. Retail sales growth rate fell year-on-year every month in the previous fiscal, reflecting weak consumer sentiment across segments like apparel, footwear, and QSR.
S&P 500, Nasdaq Hit New Records Shares of Macy s rose, while Lowe s stock fell after the retailers reported results.
Parents Are Feeling the Pain of Inflation and Child-Care Costs An.
The Fed Still Needs a Few Months of Good Data to Cut Rates, Says a Governor Governor Christopher Waller said the Federal Reserve s progress on tamping down price growth seems to be resuming.
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Inflation in Canada has subsided considerably from the 40-year high of 8.1% reached in 2022. Canada Inflation Up 2.7% in April, Rises at Slowest Pace in Three Years Update, at 08:51 ET,. -May 21, 2024 at 11:45 am EDT
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