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As of mid-October 2025, US tariffs continue to pressure retail sectors, prompting cautious price hikes and shifts in consumer behavior. Walmart reports strong sales but warns of rising inventory costs. Thrift stores see growth as shoppers seek value. UK retailers like Asda face tax-driven cost pressures amid weak consumer confidence. Delivery speed intensifies competition among US retailers.
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Doug Lebda, founder of LendingTree, died unexpectedly at age 55 following an accident at his farm. He launched LendingTree in 1996 after personal mortgage frustrations, transforming online loan comparison. Scott Peyree has been appointed CEO, and the company mourns his loss today.
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US Thanksgiving food costs are volatile amid rising wholesale turkey prices due to avian flu, while consumer sentiment hits 40-year lows. Retailers and politicians present conflicting data on affordability, with some claiming prices are down, but wholesale costs and consumer worries suggest ongoing inflation pressures.