Author: Ananya Mariam Rajesh

By Ananya Mariam Rajesh and Aatrayee Chatterjee (Reuters) -U.S. holiday sales rose by 5.3%, but fell short of estimates, as shoppers feeling the brunt of stubbornly high inflation pulled forward purchases to October when retailers offered hefty discounts, data from the National Retail Federation (NRF) showed on Wednesday. The leading retail industry group said including…

By Ananya Mariam Rajesh (Reuters) – TJX Cos Inc raised annual same-store sales forecast and beat quarterly profit estimates on Wednesday, as cash-strapped consumers turn to the discount store for affordable clothing and home decor items ahead of the crucial holiday season. Lower-income consumers, hit by decades-high inflation, have shown a preference for shopping at…

By Uday Sampath Kumar and Ananya Mariam Rajesh (Reuters) -Ralph Lauren Corp and Michael Kors-owner Capri Holdings blew past earnings estimates, underscoring an unwavering demand for luxury apparel and handbags from wealthy consumers who remain largely unscathed by red-hot inflation. Surging prices have had little impact on middle- and high-income households who have been happily…