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,...
by Karishma Vanjani | Apr 1, 2019 | Autos, Economy, Millennials, Retail Sales
Ruben Rajan, bought his first used car a year before recession and before he enrolled in a private college. Fast-forward to six years later and Rajan graduated with over $80,000 dollars in student debt — and a degree that didn’t even fetch him a well paying job...
by Mallika Mitra | Mar 31, 2019 | Economy, Featured, Retail Sales
The U.S. Census Bureau releases its advance monthly retail sales report for February on Monday, following a delay caused by the partial shutdown government in January. Economists surveyed by Bloomberg are expecting a 0.3 percent increase in sales, which indicates that...