Adara Acquisition Corp
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Company profile

Adara Acquisition Corp. is a blank check company. The Company is created for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company focuses on companies in the consumer products industry and related sectors. The Company has no operations and has no revenues.

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Today's volume of 582 shares is on pace to be much lighter than ADRA's 10-day average volume of 39,394 shares.


Mastercard SpendingPulse forecasts 7.5% back-to-school retail spending growth with department stores a 'noteworthy winner'

7:32 am ET June 14, 2022 (MarketWatch)

Mastercard SpendingPulse (MA) expects retail spending during the back-to-school period from mid-July through Labor Day to grow 7.5% this year, excluding automotive. Department stores are forecast to be a "noteworthy winner" with sales up 13% year-over-year, and up 27.3% over 2019. And shoppers are expected to head back to stores with in-store shopping expected to be up 8.2% over last year. U.S. retail sales in May were up 10.5% year-over-year in May, excluding autos, according to Mastercard SpendingPulse. "The consumer has been resilient, spending on goods and increasingly services as the economy continues to rebalance," said Michelle Meyer, U.S. chief economist at Mastercard Economics Institute, in a statement. "That said, headwinds have become stronger - including gains in prices for necessities like gas and food, as well as higher interest rates."

-Tonya Garcia


(END) Dow Jones Newswires

June 14, 2022 07:32 ET (11:32 GMT)

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