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India Booms Despite 50% US Tariffs
Bloomberg Television· 2025-11-28 16:22
Despite 50% US tariffs clouding India’s trade outlook, the economy posted 8.2% growth, the strongest in six quarters. Here's a look at the Modi government’s efforts to cushion the blow from Trump’s tariffs. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles ...
L.L. Bean CEO Stephen Smith: It's been a really volatile year for the consumer
CNBC Television· 2025-11-28 16:08
For more on the consumer and retail, let's bring in LLBAN CEO Stephen Smith. How does demand look like to you so far, Stephen. This year.>> Yeah, good morning, Sarah and Carl, David Courtney as well. Uh, we're cautiously optimistic for the holiday and today is starting off well. Um, if I back up, it's been a really volatile year for the consumer.They've been incredibly resilient, but we've sort of bounced around, you know, with the rest of retail. September, October were a little bit soft, but November, we ...
Shoppers are underwhelmed by deals and crowds on Black Friday
Fortune· 2025-11-28 15:58
Core Insights - Shoppers are feeling underwhelmed by Black Friday deals, with many noting fewer doorbuster deals and freebies compared to previous years [1][2][3] - Economic concerns such as a cooling job market, stagnant wages, and persistent inflation are impacting consumer sentiment as they enter the holiday shopping season [5][6] Retail Performance - Overall spending during the holiday season is expected to be on par with last year, but unit sales could decline by as much as 2.5%, indicating consumers are spending more but buying less [6] - US retailers typically generate 20% of their annual sales in November and December, but this year they face a more price-sensitive consumer base [7] Consumer Behavior - Shoppers are increasingly selective about their purchases, often opting to buy essentials rather than splurging on luxury items [7][12] - Lower-income consumers are pulling back on spending, contributing to a decline in consumer confidence [13] Promotions and Discounts - Some retailers are offering significant discounts, such as Walmart's 50% off on Vizio TVs and Target's promotions on various products [9][10] - Seasonal retail hiring is expected to be at its lowest level since 2009, which may affect customer service and shopping experience [8] Market Trends - The trend of Black Friday becoming less of a singular event is continuing, with more shoppers taking advantage of earlier sales and online promotions [15] - Tariffs are complicating discount strategies for some brands, making it harder to offer the traditional Black Friday deals [8][14]
Higher costs weigh on Americans' holiday shopping plans this year: CNBC survey
CNBC· 2025-11-28 15:35
As many Americans continue to feel pinched by an uneven economy, new data highlight the toll of higher costs on planned shopping habits this holiday season. Nearly 80 percent of Americans say things are more expensive this year and four in ten plan to spend less as a result, according to the CNBC|SurveyMonkey 2025 Small Business Saturday Survey. Among those planning to spend less, the deepest cutbacks will be in purchasing gifts for others, with 60 percent of these respondents citing these plans. In additio ...
Canada's third-quarter annualized GDP surprises with growth of 2.6%
Yahoo Finance· 2025-11-28 15:04
By Promit Mukherjee OTTAWA (Reuters) -Canada's economy grew at a much faster pace than expected in the third quarter as crude oil exports and government spending boosted economic activity, data showed on Friday, even as business investments and household consumption disappointed due to the lingering uncertainty over U.S. tariffs. Third-quarter annualized gross domestic product grew 2.6%, Statistics Canada said, escaping what could have been a technical recession after a contraction in the previous qua ...
Consumers are ‘sensitive to what they are spending' these days, says UBS' Michael Lasser
Youtube· 2025-11-28 14:59
Consumer Behavior - The consumer is characterized as stable but choiceful, being careful with spending while still participating in key shopping events [2][4] - Retailers expect strong sales during the Turkey 5 holiday weekend, but a deeper drop-off in sales post-holiday is anticipated [3] Retail Environment - Retailers like Dick's Sporting Goods and Best Buy expect more promotional and deeper discounts this year due to consumer sensitivity to pricing [4] - Retailers are raising prices to create a cushion for deeper discounts during key events, reflecting the pressure on consumers [5] Technological Impact - The upcoming holiday season is expected to be the last before widespread adoption of artificial intelligence in shopping, which will change the competitive landscape [6][7] - Retailers will need to adjust quickly to a more commoditized pricing environment driven by technology [7] Profitability Strategies - Retail media and advertising sales are becoming increasingly important for retailer profitability as pricing becomes more ubiquitous [9] - Large, well-positioned retailers like Walmart, Home Depot, and Costco are expected to benefit from their technological advancements [10] Stock Performance - Target is actively working to improve its performance, and there is a belief that the stock's potential for successful improvement is greater than currently priced in [10]
X @Bloomberg
Bloomberg· 2025-11-28 14:52
Despite 50% US tariffs clouding India’s trade outlook, the economy posted 8.2% growth, the strongest in six quarters.@DanStrumpf unpacks the Modi government’s efforts to cushion the blow from Trump’s tariffs: https://t.co/aYM0X5ZtZv https://t.co/Cdx8klmkYf ...
Small businesses say their number one concern is a skilled workforce — not tariffs: Kelly Loeffler
Youtube· 2025-11-28 14:04
Group 1 - Small businesses are experiencing the highest level of optimism in seven years, with confidence above the 52-year average despite a recent government shutdown [1][2] - The economic environment is bolstered by President Trump's agenda, which includes tax cuts, deregulation, and fair trade, contributing to strong GDP growth and a decrease in inflation [2][3] - The upcoming holiday shopping season is projected to exceed $1 trillion, reflecting the positive impact of the current economic policies on small businesses [3] Group 2 - Small businesses express a desire for deregulation but face challenges with tariffs, which are harder to navigate compared to larger companies [4] - The majority of US manufacturers are small businesses, and they have historically been disadvantaged by unfair trade practices, which the current administration aims to rectify [5][6] - The primary concern for small businesses has shifted to finding a skilled workforce, as opposed to tariffs, indicating a focus on domestic production capabilities [6][7]
Why Gen Z Is Breaking the Mold on Holiday Spending by Choosing to Save
Investopedia· 2025-11-28 13:00
Why This Matters to You Gen Z's shift toward more cautious, value-focused spending could influence holiday sales, product availability, and pricing trends—affecting how all generations shop this season. Understanding these changes can help you plan your budget and make smarter gift-buying decisions. "Consumer sentiment in the U.S. remains cautious, with inflation continuing to dominate as the top concern for many households. Rising prices are prompting significant shifts in consumer behavior,†said Kari Alld ...
X @Bloomberg
Bloomberg· 2025-11-28 12:10
On this episode of Everybody’s Business, the deputy editor of Wirecutter explains how tariffs and recession fears may have delayed consumer discounts https://t.co/OjG6PbbLbY ...