BLOOMBERG Inditex SA shares are headed for the highest close since the retailer’s 2001 initial public offering as analysts turn increasingly optimistic ahead of third-quarter results. The Zara owner gained as much as 1.3% to €36.81 in Madrid trading last week, the highest intraday price since June 2017. The retailer’s fast-fashion business model and online presence have helped the shares ...

BLOOMBERG Consumers plan to spend an average of $567 during Black Friday and Cyber Monday shopping events, up 13% from last year, as they seek out the best deals while facing economic pressures such as higher prices and soaring interest rates. The result is a new record for Deloitte’s annual Black Friday-Cyber Monday survey. About 84% of shoppers feel confident ...

BLOOMBERG Richer Americans are curtailing their spending ahead of Black Friday, a worrisome sign for an economy that has so far depended on the US consumer to stave off a recession. In the three months ahead of the all-important holiday shopping season, a group of retailers that cater to the upper middle class — including Apple, Coach and Nordstrom — ...