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
Nov 23 Retailers hoping for Black Friday boon even as shopping slowdown is expected By Anne D'Innocenzio, Associated Press NEW YORK (AP) — Retailers are kicking off the unofficial start of the holiday shopping season on Friday with a bevy of discounts and other enticements. Continue reading
Apr 23 Bed Bath & Beyond files for bankruptcy protection after failing to secure funding By Anne D'Innocenzio, Associated Press Bed Bath & Beyond — one of the original big box retailers known for its seemingly endless offerings of sheets, towels and kitchen gadgets — filed for bankruptcy protection, following years of dismal sales and losses and numerous failed turnaround… Continue reading
Oct 14 As rent and food prices rise, retail sales remained flat in September By Anne D'Innocenzio The pace of sales at U.S. retailers was unchanged in September from August as rising prices for rent and food chipped away at money available for other things. Continue reading
Sep 15 Retail sales climb 0.3 percent in Aug. from July, even as inflation remains high By Anne D'Innocenzio U.S. retail sales rose an unexpected 0.3 percent last month after falling 0.4 percent in July, the Commerce Department said Thursday. Excluding business at gas stations, sales rose 0.8 percent. Continue reading
Aug 17 July retail sales were flat, as customers weather inflation By Paul Wiseman, Anne D'Innocenzio, Associated Press 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. Continue reading
Jan 14 December retail sales slide 1.9 percent amid shortages, omicron By 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. Continue reading
Nov 16 Americans elevated retail spending by 1.7 percent last month By Christopher S. Rugaber, 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. Continue reading
Nov 27 Virus keeps Black Friday crowds thin as shoppers shift online By 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… Continue reading
Aug 03 Retail continues to falter as Lord & Taylor seeks bankruptcy By Associated Press 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. Continue reading