Economy May 14 Retail sales growth slowed in April as Iran war fuels higher gas prices By Anne D'Innocenzio
Economy Dec 13 Watch 3:55 How tariffs on China are making the holiday season less merry for shoppers This year it might not be the Grinch who threatens to steal Christmas, but tariffs. According to an analysis by Lending Tree, if Trump’s tariffs had been in place last year, they would have increased consumer costs by $28 billion… By John Yang, Veronica Vela, Claire Mufson, Laine Immell
Economy Dec 03 What's next for U.S. retailers after the Thanksgiving shopping weekend The nation’s shoppers may feel gloomy about the economy, but they certainly were in the mood to shop over the five-day Thanksgiving weekend that wrapped up on Cyber Monday. By Anne D'Innocenzio, Associated Press
Economy Nov 25 Consumer confidence slips as Americans grow wary of high costs and labor market Consumers were much less confident in the economy in November in the aftermath of the government shutdown and amid weak hiring and stubborn inflation. By Christopher Rugaber, Associated Press
Economy Aug 20 Target CEO Brian Cornell to step down as company struggles with poor sales numbers Target named an insider as its next chief executive officer Wednesday, a decision that comes as the discount retailer tries to reverse a persistent sales malaise and to revive its reputation as the place to go for affordable but stylish products. By Anne D'Innocenzio, Associated Press
Jul 11 Watch 6:20 How the toy industry is feeling the effects of Trump's tariffs By William Brangham, Diane Lincoln Estes President Trump is dialing up the pressure on several countries in pursuit of trade deals. Trump dismissed a warning from Hasbro’s CEO that toy prices will rise if the U.S. continues to hike tariffs. William Brangham discussed the tariffs and… Continue watching
May 15 Walmart will raise prices due to tariff costs By Anne D'Innocenzio Executives at the $750 billion company told industry analysts Thursday that they're doing everything in their power to absorb the higher costs from tariffs ordered by Trump. Given the magnitude of the duties, however, the highest since the 1930s, higher… Continue reading
Dec 30 The retail trends, winners and losers of 2024 By Anne D'Innocenzio, Dee-Ann Durbin, Associated Press Value was in vogue in 2024. Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money as they wrestled with high housing and food prices. Continue reading
Oct 18 Driving retail spending, wealthier Americans are powering U.S. economy By Christopher Rugaber, Associated Press One key reason is a relatively simple one: Wealthier consumers, boosted by strong gains in income, home equity and stock market wealth, have increasingly driven the spending. Continue reading
Aug 15 Americans spent more at retailers in July despite higher prices By Christopher Rugaber, Anne D'Innocenzio, Associated Press Americans stepped up spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates. Continue reading