FINANCE

American consumer confidence stands at 48.1 for December 2020, down more than four points from November.

Christopher & Banks Corp. swung to a net loss in Q3 fiscal 2020.

U.S. consumers report they will spend 14% less on holiday gifts this year, primarily due to COVID-19 concerns.

J. Jill saw year-over-year declines in sales and earnings during Q3 fiscal 2020, although topline results improved from the previous quarter.

Ross-Simons has a new owner.

Starbucks Corp. offered an optimistic forecast at its biennial investor day. 

Lowe’s Cos. unveiled a new “total home” strategy designed to gain share in the $900 billion home improvement market and drive bigger sales in the pro-business, e-commerce and installation services.

GameStop took a sales hit in the third quarter but expects positive comparable store sales and profitability in the fourth quarter amid demand for the highly anticipated release of new game consoles. 

Ascena Retail Group has received bankruptcy court approval to sell its Ann Taylor, Loft, Lane Bryant and other brands to Sycamore Partners.

Casey’s General Stores reported better-than-expected second-quarter sales amid strong inside-store and fuel sales.