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NRF: Winter weather affects retail spending

NRF: Winter weather affects retail spending

Consumers leveled off post-holiday shopping and spending in the beginning of the year due in part to severe winter weather in much of the country. According to the National Retail Federation – the world largest retail trade association – January retail sales (excluding automobiles, gas stations and restaurants) were flat seasonally adjusted month-to-month yet increased… Continue Reading NRF: Winter weather affects retail spending

Consumer spending and retail sales ended the second quarter on a soft note, indicating that economic growth is weaker than expected. According to the National Retail Federation, a retail trade association, June sales increased 0.6 percent from May and 3 percent from the previous year. “Consumers remain wary,” NRF President and CEO Matthew Shay. “Even… Continue Reading Second-quarter retail sales show slower economic growth

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Council to get direction about retail marijuana

Colorado Springs City Council will start work on regulations needed for the retail marijuana industry at a work session Monday, May 13. City Attorney Kyle Sauer will brief the city council on state legislation regarding retail marijuana licensing and regulation. Council will give the city staff direction for a public process to evaluate options to… Continue Reading Council to get direction about retail marijuana

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NRF predicts modest sales growth in 2013

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Retail industry sales will increase 3.4 percent in 2013, according to the National Retail Federation’s economic forecast. That’s less than the 4.2 percent increase seen in 2012, but the subdued forecast comes on the heels of a holiday season that had to compete with political wranging about the fiscal cliff. In the end, holiday sales… Continue Reading NRF predicts modest sales growth in 2013

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Retail sales ticked down slightly in October as consumers halted discretionary spending in the face of inclement weather and uncertainty in Washington. October retail sales – excluding automobiles, gas stations and restaurants – decreased .3 percent seasonally adjusted from September, but increased 3.9 percent from October 2011. “While Hurricane Sandy certainly impacted consumer spending in… Continue Reading Retail sales take hit from Sandy, federal uncertainty

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Retail sales increase in September

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Propelled by solid sales in clothing and electronics, retails sales in September provided a promising preview to the holiday shopping season, according to the National Retail Federation. September retail sales increased .4 percent from August and 2.1 percent from last year’s September sales. “In spite of the uncertainty and unease surrounding our nation’s high unemployment… Continue Reading Retail sales increase in September

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Oil prices slip on weak retail sales

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Oil prices slipped about 1 percent to $82.55 Wednesday after weak retail sales showed continued weakness in the U.S. economy.   If consumers aren’t shopping, they aren’t likely to be driving.   The Commerce Department said Wednesday retail spending slipped 0.2 percent in May, following an identical decline in April. That’s a sign consumers are… Continue Reading Oil prices slip on weak retail sales

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March retail numbers boosted by weather

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Thanks to an earlier Easter holiday and unseasonably warm weather, retailers in March saw solid sales growth, according to figures from the National Retail Federation. Continue Reading March retail numbers boosted by weather

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Retail sales rise for sixth straight month

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The start of the crucial holiday shopping season in November helped fuel the sixth straight monthly increase in retail sales. Gift-buying Americans spent more on clothing and electronics, and sales of autos and furniture also rose. Still, the overall gain was the smallest since June. Consumers pulled back on some purchases unrelated to holiday shopping,… Continue Reading Retail sales rise for sixth straight month

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Little growth in retail sales for August

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One word describes retail sales in August: lackluster. Despite back-to-school sales events, retail sales only increased .1 percent from July. But compared with last August, sales were up 6 percent, said the National Retail Federation, an industry group. “Consumer spending in August was tempered by a continued lack of confidence in the strength of our… Continue Reading Little growth in retail sales for August

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