New York–Retail earnings season is definitely off to a mixed result. The U.S. Commerce Department reported better-than-expected results for April while some retailers, including Kohl’s Kevin Mansell, agreed that April sales were stronger than previous months, due to “pent-up” demand. Which, of course, retailers hope will continue into summer months and beyond. While Walmart blamed payroll taxes among other things for hindering its budget shopper from buying, some luxury marketers say even affluent consumers may be holding back on purchasing, too.
These are among the leading articles from this week’s news that ought not to be missed: