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Tax refunds help to lift US retail sales; rising inflation drag looms
U.S. retail sales increased solidly for a third straight month in April, though part of the rise in receipts was due to a sharp rise in inflation since the start of the U.S.-backed war with Iran.
Holiday shopping boosts U.S. retail sales
U.S. retail sales perked up in November, as cheaper gas and an improving job market fueled a promising start to the holiday shopping season.
Barry Ritholtz: Ignore bogus holiday retail spin
Thursday was the time of year when Americans gathered with family and friends to give thanks. A bounteous feast is the time to express gratitude for our good fortune. We count our blessings, humbled by the fortuity of our circumstances, grateful for whatever it is we have.
Retail sales rebound in October
(AP) U.S. retail sales rose modestly in October, evidence that recent job gains and lower gas prices are lifting consumer spending as the holiday shopping season begins. The Commerce Department […]
September another big month for consumer borrowing
U.S. consumers increased their borrowing in September with gains in credit card debt and auto and student loans.
YouTube kids become big players in toy industry
A snaggletooth 8-year-old. A middle schooler with a punk rocker bob cut and big earrings. Tween siblings with a penchant for playing. These are among the young power brokers who will determine the toys that will be under Christmas trees this year.
Barry Ritholtz: Forecasts of holiday sales worthless
Forget August. The real silly season is upon us. As evidence, I present the forecast of a 13 percent increase in holiday sales made by Forrester Research, as cited in The New York Times this week. Color me skeptical.
Forecast for Amazon suggests not-so-jolly holiday
It might be a blue Christmas for Amazon. The world's largest retailer gave a disappointing forecast for the crucial holiday quarter. The company also reported a wider loss than analysts expected for the third quarter.
Holiday spending forecast: still looking for discounts
Americans are expected to spend at the highest rate in three years during what's traditionally the busiest shopping season of the year, according to the nation's largest retail industry trade group.
U.S. consumer borrowing rises at slower pace
Consumers increased their borrowing at a slower pace in May compared to the prior month.
Consumers hold tight to wallets in April
U.S. retail sales growth slowed in April, with consumers shopping less online and cutting back on purchases of furniture and electronics.
Retail sales thaw in February, rebounding from chill-induced drop
U.S. retail sales bounced back in February after suffering a steep decline during a bitterly cold January. Shoppers spent more on autos, clothing and furniture.
