News for Retail Sales
Mar 12 · 12:28:00 PM · Source: CNN Money
Retail sales rose in February, the government said Friday, surprising economists who expected a decline.
The Commerce Department said total retail sales edged up 0.3% to $355.5 billion last month. Economists surveyed by Briefing.com had anticipated that February sales would drop 0.2%.
February's increase showed that Americans were still making it to the stores despite the snow and cold weather last month and customers were splurging on electronics for the Super Bowl, said Chris Donnelly, a senior executive at consulting firm Accenture.
February retail sales jumped 3.9% compared to the same month in 2009.
Dec 3 · 12:35:00 PM · Source: CNBC.com
CNBC.com is reporting that U.S. retailers from Macy's to Costco posted much weaker-than-expected sales for November as shoppers focused only on big bargains at the start of the key holiday selling season. Out of 15 retailers that reported by early Thursday, 11 missed analyst estimates, including Costco Wholesale, Children's Place, Walgreen and Hot Topic, according to Thomson Reuters data.
This is not encouraging for retail sales for the holiday shopping season.
Nov 5 · 10:25:00 AM · Source: Wall Street Journal
Retailers posted mixed October same-store sales, with teen-focused chains posting lower-than-expected sales, as the industry gears up for the critical holiday season. Teen retailers shares slumped on the news in premarket trading.
But a handful of retailers reported better-than-expected sales, including Stage Stores Inc., Stein Mart Inc. and Wet Seal Inc. Gap Inc.'s same-store sales rose 4%, and the casual-clothing retailer said it expects fiscal third-quarter earnings above Wall Street's expectations.
Oct 14 · 11:13:00 AM · Source: Reuters.com
The Commerce Department reported total retail sales fell 1.5 percent in September. Excluding motor vehicles and parts, retail sales rose by a bigger-than-expected 0.5 percent in September after increasing 1.0 percent in August.
Analysts polled by Reuters had forecast headline retail sales falling 2.1 percent in September.
Advertisement