Strong U.s. Retail Sales Ease Gloom Over Economy

U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, helping to assuage financial market fears that the economy was heading into recession.

Topics:  july   economy   u.s retail sales   
BING NEWS:
  • It was a strong week for retail earnings. That doesn't spell a consumer comeback
    If there’s one takeaway from the largest U.S. retailers over the last few weeks, it’s that shoppers are still spending — but being far more selective.
    05/31/2024 - 8:09 am | View Link
  • E-Commerce To Hit $6.8 Trillion By 2028, Yet Physical Retail Will Prevail
    A new study by Forrester forecasts that e-commerce will grow to $6.8 trillion by 2028. Retailers should however still very much be focused on their store strategy.
    05/31/2024 - 4:04 am | View Link
  • U.S. Online Retailers Lose Billions to Returns Fraud in 2023
    Claims and appeasement fraud surged by 1.5% year-over-year in 2023, with retailers estimating that 10.5% of all return claims were fraudulent.
    05/30/2024 - 8:59 am | View Link
  • Best Buy set for tenth straight quarter of sales drop on weak electronics spending
    Best Buy is set to post its tenth consecutive quarter of sales decline on Thursday when the U.S. electronics retailer reports quarterly results, as spending on big-ticket electronics remains pressured ...
    05/29/2024 - 2:00 am | View Link
  • E-commerce retail sales rise 2.1% in Q1, accelerating from prior quarter
    E-commerce retail sales for the first quarter increased 2.1% Q/Q to $289.2B, accelerating from the prior quarter's 0.8% advance, the U.S. Census Bureau said on Friday. Total retail sales were ...
    05/17/2024 - 3:06 am | View Link
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