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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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US retail sales rise 0.3 percent in January

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U.S. shoppers pushed retail sales up for a seventh straight month although the increase was the weakest since June. Retail sales increased 0.3 percent last month to $318.6 billion, the Commerce Department said Tuesday. Demand rose at department stores, electronic stores and auto dealerships. Sales are up more than 14 percent from the recession low… Continue Reading US retail sales rise 0.3 percent in January

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After a ho-hum 2009 and a disastrous 2008, holiday retail sales are expected to increase 2.3 percent this year to $447.1 billion, the National Retail Federation reports. While that growth remains slightly lower than the 10-year average holiday sales increase of 2.5 percent, it would be a marked improvement from both last year’s 0.4 percent… Continue Reading Holiday sales forecast looks bright for retailers

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Consumer spending was stagnant in April while incomes posted a tiny advance, signs that the economic recovery could slow. The flat spending level was the weakest showing in seven months, according to the Commerce Department report. Personal incomes rose 0.4 percent, in line with expectations but not fast enough to help generate real growth. More… Continue Reading Consumer spending posts weak April reading

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Retail sales dropped during December

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Retail sales unexpectedly fell in December, leaving 2009 with the biggest yearly drop on record and highlighting the formidable hurdles facing the economy as it struggles to recover from the deepest recession in seven decades. In another disappointing economic report, the number of newly laid-off workers requesting unemployment benefits rose more than expected last week… Continue Reading Retail sales dropped during December

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