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Consumer discretionary and consumer staples companies news.

The holiday season is upon us, and retailers may find it harder to reach target sales due to a shorter calendar shopping season. There are six less calendar days between this year’s Thanksgiving and Christmas holidays. This could spell disappointment for retailers as the period is considered...
In an effort to attract new businesses to accepts its credit card, American Express is offering new merchants a sign-up bonus to assist with the start-up costs of marketing and utilizing the service.  According to the Wall Street Journal, Amex has already paid nearly...
Beginning next year in 2020, Google plans to offer checking accounts. If everything goes as planned, it will be a bold move for the tech giant, though Google has involved itself with credit cards and platform payments before. According to the Wall Street Journal,...
According to a survey of U.S. consumers, most shoppers prefer paper receipts over digital ones that are sent through email. The survey was taken by Choose Paper, a Chicago-based paper advocacy group. The survey showed that nearly 75 percent of shoppers in the U.S....
Amazon announced today that it will be releasing a new line of products that enable voice functions, including eyeglasses, earbuds, and a ring. The products will feature multilingual functionality for Alexa, a new range of voice-controlled Echo speakers, and a privacy feature that will allow the user...
According to the auditing and consulting insight firm, Deloitte, holiday sales are projected to be 4.5 to 5 percent higher during the busiest shopping period of this year. From November to January, Deloitte expects that annual holiday retail sales will total more than $1.1 trillion. According to...
According to a study from Northwestern Mutual, U.S. adults have an average of $29,800 in personal debt. The figure takes into account personal debt excluding mortgage debt. Much of the personal debt is in the form of credit card debt. The study uncovered...
According to a Commerce Department report, U.S. consumers did more shopping than anticipated in August, quelling some concerns about the strength of the economy.  Many economists feel the increase is sufficient to feel more confident about forecasting at least moderate economic growth. Retail sales...
In what some would consider a bold move, Walmart announced today that it will no longer sell handgun and short-barrel rifle ammunition when its current inventory is sold off. This includes .223 and 5.56 caliber ammunition that is used in assault-style weapons. The world’s...
Effective at midnight ET last evening, $112 billion of Chinese goods will now be levied tariffs of 15 percent per President Trump’s orders. Many items American consumers use every day will now cost them more money as the ongoing trade war intensifies. Household staples and grocery items...