Nov 28 (Portal) – Deep discounts on everything from beauty products and toys to electronics over the Thanksgiving weekend lured U.S. shoppers to spend about $38 billion online, pointing to a strong holiday shopping season even as the economic one There was uncertainty. According to data from Adobe Analytics, online consumer spending rose 7.8% during … [Read more…]
Sales of previously occupied U.S. homes plunged to their lowest level in more than 13 years in October as higher mortgage rates and rising prices deterred many would-be home buyers. However, according to new sales figures compiled by the Greater Chattanooga Association of Realtors, the decline in home sales in the Chattanooga market was not … [Read more…]
It could have been worse, and it’s not like Wall Street expected much anyway. In short, this is Target’s third-quarter earnings as of Wednesday morning. After nearly two years of brutal results due to execution errors, rising retail theft and increasingly cautious consumer sentiment, Target has crushed analysts’ lowered estimates for sales, margins and profit. … [Read more…]
The traditional day of Boxing Day sales did not result in queues outside a Montreal electronics store where no customer spent the night outside the store. • Also read: Boxing Day, “it’s folklore” With the popularity of online retail, consumer habits have changed. There were no customers waiting for the doors to open outside the … [Read more…]
Did you hear that? It’s a collective sigh of relief now that the hustle and bustle and endless festivity of Christmas is over. But just because Christmas is over doesn’t mean no one is going shopping. And true to form, our deal editors have been working just as hard as Santa’s elves to make sure … [Read more…]
As Apple Stores in the United States begin closing today, the halt on sales of the Apple Watch Series 9 and Apple Watch Ultra 2 officially goes into effect. Apple removed its flagship Apple Watches from its online store on Thursday, and now they’re being removed from Apple Stores too. When Apple Stores reopen after … [Read more…]
Photo credit: Pavlo Gonchar/SOPA Images/LightRocket/Getty Images Hey guys, welcome to Week in Review (WiR), TechCrunch’s regular newsletter that rounds up the top tech and technology-related stories from the last few days. With the holidays just around the corner, this reporter expected a quieter week. But the opposite happened – there was no shortage of stories … [Read more…]
Photo credit: Kirsten Korosec General Motors has temporarily halted sales of the all-new Chevy Blazer EV after a series of software problems occurred in some of the first vehicles delivered. The automaker told TechCrunch that owners are experiencing issues with the SUV’s screens and with charging at DC Fast stations, confirming previous reports from journalists … [Read more…]
A shopper leaves a Nike store in the Magnificent Mile shopping district in Chicago with a purchase on December 21, 2022. Scott Olson | Getty Images Nike shares plunged on Friday after the sportswear maker cut its fiscal year sales forecast, with sneaker retailer Foot Locker also feeling the blow. Nike fell more than 10%. … [Read more…]
Photo credit: Darrell Etherington Apple will stop selling its Series 9 smartwatch, TechCrunch has confirmed. The news shared by 9to5Mac follows an International Trade Commission (ITC) ruling in October arising from a patent dispute with California-based medical device company Masimo. The dispute stems from the blood sensor monitor on the latest flagship smartwatch. The move … [Read more…]