Inflation, Recession Fears Have Some Holiday Shoppers Trading Down
Arizona Sen. Kyrsten Sinema will leave the Democratic Party and register as an independent, according to a video statement Friday, following Georgia Sen. Raphael Warnock’s runoff election victory Tuesday giving Democrats a 51-49 Senate majority.
As the Federal Reserve works to combat rising inflation by slowing down the economy, the wealth of American households has evaporated—collapsing by more than $6.8 trillion this year as Americans load up on debt and face plunging stock values.
Dick’s Sporting Goods posted a surprising gain in sales in the third quarter, up 7.7%. And it achieved it despite an unexpectedly high glut of returned inventory. Based on its earnings call, Dick's looks to be tackling the holidays with a five-play strategy. Here’s what other retailers can learn.