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Tag Archives: Retail

Wal-Mart 2Q profit rises 5.7 pct, raises outlook

NEW YORK — Wal-Mart Stores Inc. reported a 5.7 percent increase in second-quarter net income and raised its outlook for the full year as the world’s largest retailer continues to woo back frugal shoppers by re-emphasizing it has the lowest ...

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Higher retail spending lifts hopes for economy

WASHINGTON — Americans increased their retail spending in July by the most in five months, opening their wallets after a frugal spring and offering hope that the slumping economy may rebound in the second half of the year. Retail spending ...

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Some say tax free shopping week is weak

It’s that time of year again — devastating humidity, last-hurrah crab feasts — and, for the third consecutive year, the state’s tax-free shopping week. From Sunday through Aug.18, shoes and apparel priced less than $100 will be exempt from Maryland’s 6 percent sales tax.

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Service firms grew slightly faster in July

WASHINGTON — U.S. service companies, which employ 90 percent of Americans, grew at a slightly faster pace in July. The Institute for Supply Management reported Friday that its index of non-manufacturing activity picked up slightly last month with a reading ...

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Clearances, heat lured shoppers to spend in July

NEW YORK — Shoppers showed some spending muscle in July, once summer clearance sales and the hottest July in 50 years got them in the mood. Solid sales reports from retailers Thursday took some of the sting out of weak ...

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Cheaper gas keeps consumer prices flat

WASHINGTON — Consumer prices were unchanged in June, held down by cheaper gas. Outside the volatile food and energy categories, inflation was mild. Weak economic growth is limiting the ability of companies to raise prices. The tame inflation was underscored ...

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U.S. retail sales disappointment weighs on markets

LONDON — A disappointing U.S. retail sales report weighed on stock markets Monday but helped the euro clamber off two-year lows against the dollar. The U.S. Commerce Department reported that retail sales fell 0.5 percent in June from the previous ...

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