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-0.000510129718699848 -0.00291502696399946 -0.0030607783121993 -0.00451829179419913 -0.010056843025798 -0.0104940970703979 -0.0128261186415974 -0.00787057280279831
Stock impact report

Retail Industry's 2024 Challenge: How to Woo Lukewarm Shoppers [Forbes]

Wayfair Inc. Class A (W) 
Last wayfair inc. class a earnings: 2/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investor.wayfair.com
Company Research Source: Forbes
A year ago this June, the mood of the U.S. consumer was in the cellar, hitting a 70-year low, according to the widely followed University of Michigan Consumer Sentiment survey. The index has bounced back since then, from a rock bottom of 50 to the most recent reading of 76.5. (The highest reading was 111 in 2000, the peak of dot-com fever.) Out of last year's gloom, U.S. retail sales for 2023 managed to eke out a gain of 3.6%, roughly equal to the rate of inflation—the equivalent of treading water. But look at the 2023 earnings reports for some of the top 20 or so majors and an anomaly jumps out: only nine reported positive sales growth, but 16 reported gross margin improvement. Higher prices are helping, along with more efficient post-Covid supply-chain and inventory controls. By all accounts, the coming year looks like more of the same albeit a bit more uneventful at the onset – which is good news. The National Retail Federation is forecasting retail sales will increase in 2024 Show less Read more
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