economy, retailer

Retail sales drop 0.5% in June

Retail sales fell in June for the second straight month, more evidence that the U.S. economic recovery will slow in the second half of the year.

Department stores, teen chains report strongest sales figures in June

Abercrombie & Fitch was the biggest surprise of the month wiith a 9% jump in same-store sales, while Nordstrom posted double-digit gains.

Senh: No wonder stocks went up by almost 300 points last night.

Retail sales drop in May, raising worries about recovery

Spending fell 1.2%, the biggest dip in eight months. Auto sales were down 1.7%. Retail sales plunged in May by the largest amount in eight months as consumers slashed spending on everything from cars to clothing.

Retailers' reports show tepid May for shoppers

Retailers are reporting tepid business in May after cool weather and fresh concerns about the economy had shoppers cutting spending on clothing and other nonessentials.

April A Winner For U.S. Retailers

Retail sales and industrial production in April both enjoyed continued growth, reinforcing the sustainability of the economic recovery in the United States. On Friday the U.S. Commerce Department reported retail sales gained 0.4% in April, ahead of Wall Street’s expected 0.2% rise, but below the 2.1% jump in March. Peter Newland, economist at Barclays Capital, notes that the total was driven by a 0.5% increase in both autos and gasoline, and a 6.9% jump in building material sales. All of that is nice, but core sales, which exclude these elements, actually fell 0.2%, which is much weaker than excepted.

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Retailers report more modest April sales gains

Early reports from retailers show that Americans took a a breather from their March shopping spree in April, partly because Easter came earlier. But the spring selling season is ending up respectable, an encouraging sign for the economy....