Andrea Felsted

London

Consumer Columnist at Bloomberg Opinion

Consumer, retail, luxury writer at Bloomberg Opinion @opinion. All Views Mine. Retweets not endorsements. I also like cats

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Articles

U.S. retailers are facing post-tariff spending disorder

2 days ago | newsday.com | Andrea Felsted

The trade agreement between the U.S. and China marks a dramatic volte-face after weeks of simmering tensions. But don’t expect an equally breathtaking about turn from U.S. consumers. Amid the uncertainty about economic growth, job cuts and inflation, it will take time for shoppers to regain their confidence. Even if they do, there are some reasons the pain for retailers and consumer goods groups may be prolonged.
US Retailers Face Post-Tariff Spending Disorder: Andrea Felsted

3 days ago | news.bloomberglaw.com | Andrea Felsted

The trade agreement between the US and China marks a dramatic volte-face after weeks of simmering tensions. But don’t expect an equally breathtaking about turn from US consumers. Amid the uncertainty about economic growth, job cuts and inflation, it will take time for shoppers to regain their confidence. Even if they do, there are some reasons why the pain for retailers and consumer goods groups may be prolonged.
US Retailers Are Facing Post-Tariff Spending Disorder

3 days ago | bloomberg.com | Andrea Felsted

US retailers such as Sweetgreen won’t immediately benefit from the truce in the US/China trade war. (Bloomberg Opinion) -- The trade agreement between the US and China marks a dramatic volte-face after weeks of simmering tensions. But don’t expect an equally breathtaking about turn from US consumers. Amid the uncertainty about economic growth, job cuts and inflation, it will take time for shoppers to regain their confidence.
US Retailers Are Facing Post-Tariff Spending Disorder

3 days ago | flipboard.com | Andrea Felsted

8 hours agoUK-US Trade deal is playing into Trump’s ‘divide and conquer’ strategy says Nobel Prize-winning economistA Nobel Prize-winning economist has said that the latest UK-US trade deal is “playing into Trump’s strategy.” "I would view it as playing into Trump's strategy," said leading economist Joseph Stiglit on Sky News on 11 May. "His strategy is divide and conquer, go after the weakest countries, and sort of put the stronger countries in the back" he added.
Summer of Travel? Not for Most Americans

3 days ago | bloomberg.com | Andrea Felsted

A foggy outlook. (Bloomberg Opinion) -- The travel industry is experiencing a bout of turbulence. Under pressure along multiple fronts, US airlines and hotels are being buffeted the most. But given broader concerns over consumer confidence, as well as a slowdown in the market for pricy handbags and watches, European tour operators and those serving luxury travelers should buckle up too. Donald Trump’s trade war is taking its toll on our wanderlust.
¿Qué nos regalarán en Navidad? Estanterías vacías

1 week ago | bloomberglinea.com | Andrea Felsted

¿Recuerdan finales de 2021, cuando las cadenas de suministro afectadas por el Covid-19 dejaron a los consumidores luchando por conseguir de todo, desde muñecas hasta decoraciones? Si el caos arancelario continúa, podríamos estar en esa situación nuevamente durante esta temporada de fiestas, o incluso antes. Cuando Walmart Inc. (WMT) y Target Corp.
Starbucks Needs a Jolt. It Got Some Cold Brew: Andrea Felsted

2 weeks ago | news.bloombergtax.com | Andrea Felsted

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Starbucks Needs a Jolt. It Got Some Cold Brew: Andrea Felsted

2 weeks ago | news.bloomberglaw.com | Andrea Felsted

Brian Niccol’s efforts to turn around Starbucks Corp. are facing some cold brew: a US consumer less willing to spend $6 on a latte. Niccol, appointed chief executive officer of the chain last August, on Tuesday announced a 1% decline in global sales from company-operated cafes open at least 13 months in the quarter ended March 30. US comparable sales fell 2%. Both were below analysts’ expectations. The shares fell as much as 7% in premarket trading.
Starbucks Needs a Jolt. It Got Some Cold Brew.

2 weeks ago | bloomberg.com | Andrea Felsted

Your order’s ready. (Bloomberg Opinion) -- Brian Niccol’s efforts to turn around Starbucks Corp. are facing some cold brew: a US consumer less willing to spend $6 on a latte. Niccol, appointed chief executive officer of the chain last August, on Tuesday announced a 1% decline in global sales from company-operated cafes open at least 13 months in the quarter ended March 30. US comparable sales fell 2%. Both were below analysts’ expectations. The shares fell as much as 7% in premarket trading.
What will we get for the holidays? Empty shelves

2 weeks ago | newsday.com | Andrea Felsted

Remember late 2021, when COVID-snarled supply chains left Americans scrambling for everything from dolls to decorations? If the tariff turmoil continues, we could be there again this holiday season — if not before. When Walmart Inc. and Target Corp. last week warned President Donald Trump that shelves could be empty for their peak trading period, they weren’t exaggerating. Of course, the reasons for the scarcity are different this time around.