Day

December 26, 2018
Christmas arrived late for the stock market, with Wall Street receiving a generous post-holiday gift as benchmark indexes surged sharply to erase the losses of a cataclysmic Dec. 24 trading session. The Dow Jones Industrial Average rose 1,086 points, or almost 5 percent, at market close — partly thanks to retail, which recorded its best...
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Getty Images A robust shopping season from before Thanksgiving through Christmas has given retailers much to cheer about this year. According to Mastercard SpendingPulse, which provides insights into overall retail spending trends across all payment types, including cash and check, holiday sales increased 5.1 percent to more than $850 billion this year – the strongest...
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It’s hard to sell a product without the proper marketing and 2018 was full of buzzy campaigns that captivated consumers’ attention. As per its usual history, Nike disrupted the scene with controversial figures and matter-of-fact statements, while Yeezy relied on the power of social media and his wife’s fame to draw attention. Meanwhile, Payless tricked...
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Retail holiday sales from Nov. 1 through Christmas Eve came in stronger than prior estimates, according to Mastercard Spending Pulse, which showed a 5.1 percent gain. Analysts and industry associations such as the National Retail Federation pegged sales to show a robust year-over-year gain of between 4 percent and 5 percent. Steve Sadove, senior adviser...
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