by Olivia Morley | Apr 14, 2021 | Economy, Featured, Newest, Retail Sales
The Census Bureau will release the advance monthly retail sales report for April on Thursday. The report shows how much consumers spent on retail trade in the previous month – an important indicator of economic health. Economists surveyed by Bloomberg expect sales...
by Olivia Morley | Apr 10, 2021 | Economy, Featured, Newest, Retail Sales
Last year, gourmet cheese and specialty foods shop Formaggio Kitchen shut down in-store shopping at its Cambridge, Massachusetts location for almost two months. It swiftly lost its catering and restaurant accounts as its business clients shuttered. But unlike many...
by Olivia Morley | Mar 19, 2021 | Economy, Featured, Retail Sales
Retail sales declined in February as consumers pulled back after a stimulus-fueled splurge in January and as freezing temperatures plagued Texas and other Southern states. Sales declined 3 percent, a larger decrease than expected and a stark contrast to January’s 7.6...
by Olivia Morley | Feb 22, 2021 | Economy, Featured, Retail Sales
Retail sales rose significantly in January, a sharp departure from a three-month decline and a promising sign that the economy is rebounding. Sales increased by 5.3 percent, indicating a rise in consumer spending that far surpassed the average 1.18 percent increase...
by Malique Morris | Feb 25, 2020 | Economy, Retail Sales
Retail sales grew at a modest pace in January, as an increase in spending on building materials was offset by weak growth in online sales, signaling more caution among consumers in the new year. Sales rose by 0.3% from December, and were up 4.4% from a year earlier,...
by Karishma Vanjani | May 15, 2019 | Economy, Jobs, Retail Sales
Karina Sanchez, a cashier at a Payless ShoeSource store in midtown Manhattan, is looking forward to her upcoming family vacation, even though next month she will effectively be unemployed. Payless, like many other retailers this year, is closing all its 2,500,...
