Company News: Retailers, Hilton Worldwide, U.K. Insurers, Adidas, SpaceX
Cyber Monday shows Black Friday how it’s done; it’s goooooal for Adidas ahead of the World Cup; and more
This article is for subscribers only.
• Retailers began bracing for a lean holiday after U.S. shoppers showed uncommon restraint in the face of fat Black Friday deals. Although the number of people looking for gifts during the Thanksgiving weekend ticked up slightly, the average consumer’s spending dipped 4 percent, to $407, says the National Retail Federation. Analysts are predicting more sales and pinched profit margins in the next few weeks. Online shopping, however, was brisk. So-called Cyber Monday sales surged 21 percent, according to IBM.