Content Tagged As retail_sales

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  • Higher tax doesn't slow economy

    March 13, 2013 8:12 PM

    WASHINGTON- An economist says it looks like the impact of the higher Social Security tax that hit Americans in January "hasn't been too bad." Paul Dales of Capital Economics reacted to Wednesday's report on retail sales from the Commerce Department. It says Americans boosted their spending by 1.1 % last... more »
  • Economists: Economy may be growing faster

    March 13, 2013 10:16 AM

    WASHINGTON - One economist says it looks like the impact of higher Social Security taxes and higher gasoline prices "hasn't been too bad." Paul Dales of Capital Economics is reacting to today's report on retail sales. The Commerce Department says Americans boosted their retail spending by 1.1 percent last month... more »
  • Dow climbs 172 in a Black Friday rally

    November 23, 2012 3:57 PM

    NEW YORK - Stocks rallied in an abbreviated session on Wall Street. The Dow Jones industrial average shot up 172 points to 13,009. That's the first close above 13,000 for the Dow since Election Day. The Standard & Poor's 500 index rose 18 points to 1,409. The S&P also racked... more »
  • US retail sales drop 0.3 percent in October

    November 14, 2012 7:49 AM

    WASHINGTON - US retail sales fell in October after Americans spent less on a broad range of goods. Superstorm Sandy may have also slowed business at the end of the month. The Commerce Department says sales dropped 0.3 percent after three months of gains. Auto sales fell 1.5 percent,... more »
  • Gas prices, cars push US retail sales up 0.9 pct.

    September 14, 2012 8:11 AM

    WASHINGTON - U.S. retail sales rose in August from July because consumers paid higher gas prices and bought more cars and trucks. They were more cautious elsewhere, suggesting the weak economy has made many selective about spending. The Commerce Department says retail sales increased a seasonally adjusted 0.9 percent.... more »
  • US retail sales fell 0.5 percent in June

    July 16, 2012 8:45 AM

    WASHINGTON - Americans cut their spending at retail businesses for a third straight month, as a weak job market has made consumers more cautious. The Commerce Department says retail sales fell 0.5 percent in June from May. That followed declines of 0.2 percent and 0.5 percent in the previous... more »
  • Senate set to take up jobs bill

    February 8, 2010 7:48 AM

    The Senate is due to take up a jobs bill Monday, featuring tax breaks for employers that hire unemployed workers. Congressional leaders will discuss jobs and the economy at the White House on Tuesday. The Commerce Department will release a report on the wholesale trade inventories for December... more »
  • Bankruptcy filings shoot up in La.

    January 18, 2010 11:24 AM

    Sharply higher numbers of people and businesses in Louisiana sought refuge from debt in federal bankruptcy court, crippled by the housing collapse, credit cards and sharply lower retail sales. The Administrative Office of United States Courts reported there were 18,268 bankruptcy filings in the state from Oct. 1, 2008... more »
  • Retailers see green for Black Friday-Cyber Monday

    December 1, 2009 7:43 AM

    Retail sales figures for this past weekend are in, and according to research firm Shoppertrak, combined sales for Black Friday and Saturday were up 9 tenths of a percent over last year. Meanwhile, early reports showed online sales were strong for Cyber Monday. Retailers used Twitter and social... more »
  • Retail sales rise 1.4 percent in October

    November 16, 2009 9:13 AM

    Retail sales rose more than expected in October, but the gain largely reflected a big rebound in auto sales. Sales fell at many other retail stores as consumer spending remained under pressure, raising questions about the durability of the recovery. The Commerce Department said retail sales rose 1.4... more »
  • Weak holiday retail forecast

    October 6, 2009 7:21 AM

    The National Retailers Federation predicted a 1 percent decline in total sales for November and December combined, giving a lackluster outlook for the upcoming holiday shopping season. The projection from the world's largest retail trade group came amid forecasts that U.S. retailers saw a key measure of sales drop... more »

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