retail sales

The yields on U.S. Treasury notes have almost entirely retraced their surge following the release of the hotter-than-expected January inflation report. This indicates a swift shift in investor sentiment amidst conflicting economic indicators. The 10-year Treasury note saw a decrease to 4.21%...

Retail sales experienced a sharp slowdown in January following robust holiday-driven performance in the last month of 2023. Among other data released Thursday morning, signs of recovery emerged from surveys on manufacturing activity in New York and in the third Federal Reserve District of...

Retail sales reached new heights in December 2023, defying expectations and demonstrating the strong resilience of U.S. consumer demand. The U.S. Census Bureau’s latest advanced estimate revealed that retail and food services sales in December amounted to $709.9 billion. Key Highlights: In...

U.S. retail sales made a stronger-than-expected rebound in November, showing a 0.3% increase on a monthly basis. This turnaround came after a contraction of 0.2% in October that had followed six consecutive months of growth. The retail sales data, released by the U.S. Census Bureau on Thursday, is...

U.S. retail sales advanced more than expected in September, marking a six consecutive months of gains and highlighting the strong resilience of consumers despite surging inflation and elevated interest rates. Often considered a gauge of consumer health, the retail sales data released on Tuesday by...

Consumer spending maintained its robust momentum in July, as indicated by the latest retail sales data. Total sales grew by 0.7% month-on-month, the highest since January 2023, advancing from an upwardly revised 0.3% growth in June and sharply beating forecasts of 0.4%. In annual terms, retail...

The retail sales figures for July are about to hit the scene this week, and the forecast is looking upbeat. The U.S. Census Bureau will release the latest retail sales data on Tuesday, Aug. 15. Economists predict a 0.4% jump in total sales for July, a noticeable acceleration from the 0.2% increase...

The June Retail Sales Report has sparked varying interpretations among economists, resulting in divided opinions on different aspects of consumer spending trends. Industrial production and manufacturing production both contracted 0.5% and 0.3% monthly in June, respectively, falling far short of...

Consumer spending remained resilient in June, but advanced at a lower-than-expected pace, suggesting healthy demand conditions in the economy. Retail sales experienced a 0.2% month-over-month increase in June, missing the 0.5% rise forecasted and following an upwardly revised 0.5% increase in May,...

Analysts at Goldman Sachs hold a bearish view on Groupon Inc (NASDAQ: GRPN) as investors are likely "too optimistic" on the company's growth profile. The firm's Christopher Merwin initiated coverage of Groupon with a Sell rating and $4.70 price target. Groupon has succeeded in...

Investors were treated to some encouraging news Tuesday as core retail sales for July rose 0.50 percent month over month, which exceeded the 0.30-percent gain experts were predicting. While many investors are quick to brush off this data set as being non-important they may want to reconsider, at...

Analysts at BMO Capital Markets' bullish stance on Costco Wholesale Corporation (NASDAQ: COST) no longer applies due to Amazon.com, Inc. (NASDAQ: AMZN)'s grocery ambitions. BMO's Kelly Bania downgrades Costco's stock rating from Outperform to Market Perform with a price target lowered from $185 to...

Prior to the Brexit vote last summer, British supporters of the "leave" campaign were cautioned that a vote to exit the European Union would result in economic hardships. Nearly a full year has passed since the vote and there are growing signs these warnings were wrong. According to a...

Target Corporation (NYSE: TGT) is the latest department store to report disappointing Holiday sales metrics. The company cautioned investors that its 1.3 percent decline in comparable sales during the Holiday season warrants a downward revision to its fourth quarter and full-year outlook....

Retail investors were dealt a major blow last week when Macy's Inc (NYSE: M) and Kohl's Corporation (NYSE: KSS) reported disappointing metrics for their holiday shopping season. Although 2017 is just a few days old, Kohl's stock is already lower by more than 16 percent since the start of the year,...