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“#Resilient shoppers push retail sales higher in September” Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots and restaurants as snarled global supply chains slow the flow of goods. Retail sales rose a seasonally adjusted 0.7% in September from the month before, the U.S….
“#Key inflation indicator rose 3.4 percent from a year ago” A key inflation indicator rose 3.4 percent in May from a year ago as costs continued to surge in the US just as the economy mounts a comeback from the pandemic, the feds said Friday. It’s the most since April 1992 that the core personal consumption…
“#Retail sales dropped 1.3 percent in May, but services rose” US retail sales dropped more than expected in May, with spending rotating back to services from goods as vaccinations allow Americans to travel and engage in other activities that had been restricted by the COVID-19 pandemic. “Activity decelerated likely on a shift from goods spending…
“#Macy’s profits rebound thanks to stimulus spending” Macy’s emerged from an unprecedented year with a surprising swing back into the profit column and it boosted its guidance for all of 2021. Sales were fueled by government stimulus checks and the massive rollout of vaccines that have emboldened Americans to head outdoors again, the company said….
“#Retail spending unchanged in April even as more businesses reopened” American shopping habits remained virtually unchanged last month, even as the pandemic eased and more businesses reopened, the feds said Friday. Retail sales, which include purchases at stores, restaurants and online, remained flat in April compared with the prior month, according to data released by…
“#Dow crosses 34,000 mark as stocks head to new record highs” The Dow Jones Industrial Average crossed the 34,000 mark Thursday as US stocks rallied toward records after a suite of encouraging data showed how hungry Americans are to spend again, how fewer workers are losing their jobs and how much fatter corporate profits are…
“#Fancy duds are selling again but full recovery may take years” n an otherwise bleak picture after a year of coronavirus lockdowns, a bright spot has emerged for the apparel industry: Americans are finally shedding their loungewear for dressier clothes. The uptick started around Valentine’s Day as consumers began putting jeans, dresses and casual button-down…
“#Record retail spending expected in 2021” Consumer spending is on its way to reaching record levels in 2021. Retail sales will grow by 8.1 percent this year — the fastest pace this century — to a record $4.3 trillion, according to retail consulting firm Customer Growth Partners, which tracks government data and its own proprietary…
“#US retail spending slowed in November as COVID spooked shoppers” US retail sales slumped in November — the second consecutive monthly decline — as the growing number of coronavirus cases spooked shoppers across the country. Retail sales dropped by 1.1 percent in November after slipping 0.1 percent in October, the Commerce Department said on Wednesday….
“#Teen spending drops to record low amid COVID-19 crisis” America’s teens are spending less money than they have in at least two decades as the coronavirus continues to disrupt their daily routines, a new survey shows. Teenagers polled in August and September reported spending about $2,150 a year, according to Piper Sandler’s latest “Taking Stock…