US retail sales news and archive

US retail sales rise

US retail sales continued to rise last month but not by enough to fuel a strong economic recovery, according to the latest figures. The Commerce Department said that total retail sales were up by 0.5 per cent in January, while December sales were revised to show a 0.1 per cent decline rather than 0.3 per cent. November’s sales were revised up by...

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US retailers report lower November sales

Leading US retailers reported November sales that were broadly lower than expected, as a post-Thanksgiving rush failed to offset earlier weak demand, reported the Financial Times. Retail Metrics, which tracks the monthly comparable sales figures, said its index for the month rose just 0.7 per cent from last year, when sales slumped. Ken Perkins,...

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US retail sales in sharp decline

US retail sales fell unexpectedly in August, the second monthly decline in succession. Sales declined 0.3% last month said the Commerce Department, which also revised July's fall to 0.5% from the 0.1% it had first estimated. August's weak figure was a surprise for analysts who had predicted a 0.3% rise. Retail analyst Chris Rupkey said the...