Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else.
Thank you. Please check your inbox to confirm.
By Anne D'Innocenzio
The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously.
By Paul Wiseman, Anne D'Innocenzio, Associated Press
Omicron was identified by the World Health Organization in late November, and the December report from the Commerce Department is the first to capture some of its effect on consumer behavior.
By Associated Press
Solid hiring, strong pay raises, and healthy savings for many households are underpinning robust spending. Americans are also still buying more cars, furniture, and other goods than they did before the pandemic.
By Christopher S. Rugaber, Associated Press
The raging coronavirus pandemic kept crowds thin at malls and stores across the country on Black Friday, but a surge in online shopping offered a beacon of hope for struggling retailers after months of slumping sales and businesses toppling into…
The company last year, before the emergence of coronavirus, sold its 11-story flagship building on New York’s Fifth Avenue which it's owned for more than a century.
By Paul Solman
For more than two months, the toll of unemployment in the U.S. has grown each week. The retail sector, which was already struggling before the pandemic, is among the hardest hit, with stores closed or at reduced capacity and consumers…
More retail bankruptcies are expected in coming weeks with the doors of thousands of stores still locked.
The deterioration of sales far outpaces the previous record decline of 3.9% that took place during the depths of the Great Recession in November 2008.
By Anne D'Innocenzio, Associated Press
Grocers big and small are hiring more workers, paying overtime and limiting purchases on certain high demand items as they scramble to restock shelves that have been wiped out by panic shopping in response to the global viral pandemic.
Support Provided By:
Additional Support Provided By: